The Global Automotive Paints Market is estimated to be USD 8.46 Billion in 2017 and is projected to reach USD 10.65 Billion by 2027, at a CAGR of 2%, during the forecast period 2021-2027.
AutomotiveThe market is emerging in terms of color options, durability and reliability. Automotive paints are expected to accelerate market growth over the next 6 years as they act as a protective barrier and provide a perimeter appearance. Due to various regulations regarding non-VOC paints, demand in the automotive paint industry has increased, and water-based paints have been introduced to replace solvent paints.
A full report of Automotive Paints Market available at: https://www.orionmarketreports.com/automotive-paints-market/58287/
Key Players
Major players in the market include KCC, BASF, PPG, DuPont, Nippon Paints, Guangdong Yin Fan Chemistry Co. Ltd., Cabot Corp., Berger Paints, Bayer AG, Solvay SA, Deft Inc., and AkzoNobel.
Automotive Paints Market- Segmentation
By Paint type
• Electrocoat
• Primer
• Basecoat
• Clearcoat
By Technology type
• Solvent borne
• Waterborne
• Powder Coating
By Resin type
• Polyurethane
• Epoxy
• Acrylic
• Other Resins
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