Automotive Paints Market to Signify Strong Growth by 2022-2028

Automotive paints market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period (2022-2028). The production of cost-effective and eco-friendly automotive paints in the market by players is expected to provide lucrative growth in the market over the forecast. Eco-friendly paints enable players to make a positive impact on the environment. Moreover, eco-friendly paints are long-lasting, and Facilities maintenance reduces costs while using eco-friendly paints. For instance, in January 2021, India’s first ‘eco-friendly’ cow dung paint was launched. Khadi Prakritik Paint will be available in two forms – distemper and plastic emulsion. The ‘Khadi Prakritik Paint’ product is eco-friendly and non-toxic, with anti-fungal and anti-bacterial properties. With actual cow dung as its main ingredient, the paint is cost-effective and odorless. It has also been certified by the Bureau of Indian Standards.

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For instance, in August 2021, Dulux from AkzoNobel launched India’s first USDA certified Bio-based Paint ‘Dulux Better Living Air Clean Biobased’. Dulux Better Living Air Clean Biobased has 26% bio-based content (derived from sustainable plant-based sources). Additionally, is the goodness of natural ingredients such as active bamboo charcoal and tea tree oil, that make it a smart and sustainable paint solution. Further, continuing to endear the super-premium Dulux brand to its customers are its Anti-Bacterial, no added Lead & Mercury, Anti-Fungal and Low Odour & Low VOC attributes.

Market Coverage

  • The market number available for – 2021-2028
  • Base year- 2021
  • Forecast period- 2022-2028

Segment Covered- 

  • By Vehicle
  • By Paint Type
  • By Technology
  • By Texture
  • By Painting Equipment
  • Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- including 3M, Axalta Coatings Systems, BASF SE, Berger Paints, Clariant AG, Covestro AG, DuPont de Numerous, Inc., Fabula Coatings India Pvt. Ltd., Nippon Paint Holdings Co. Ltd., and others.

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Automotive Paints Market Report Segment

By Vehicle 

  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Passenger Cars

By Paint Type

  • Primer
  • Basecoat
  • Clearcoat
  • Electrocoat

By Technology 

  • Water Borne
  • Solvent Borne
  • Powder

By Texture

  • Solid
  • Metallic
  • Matte

By Painting Equipment 

  • Airless Spray Gun
  • Electrostatic Spray Gun

Automotive Paints Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC

Rest of the World

  • Latin America
  • Middle East & Africa

Company Profiles 

  • Akzo Nobel
  • Covestro AG
  • Cresta India Pvt. Ltd.
  • DuPont de Nemours, Inc.
  • Fabula Coatings India Pvt. Ltd.
  • Jotun A/S
  • Kansai Paint Co., Ltd.
  • Kwality Paints and Coatings Pvt. Ltd.
  • Nippon Paint Holdings Co. Ltd.
  • PPG Industries, Inc.
  • Sheenlac Paints Ltd.
  • The Sherwin-Williams Co.
  • The Solvay Group

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