DUBLIN--(BUSINESS WIRE)--The "Automotive Paints Market by Type, Resin, Technology, Paint Equipment, Texture, Content, ICE & EVs, Refinish, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The automotive paints market is estimated to be USD 8.74 billion in 2018 and is projected to reach USD 10.65 billion by 2025, at a CAGR of 2.88% from 2018 to 2025.
The demand for automotive paints is driven by the increasing demand for vehicles; whereas, technologies and R&D investments are influenced by government regulations. However, advancements in automotive safety technologies have resulted in the reduced number of accidents, which, in turn, is a restraint for the automotive refinish paints market.
The major advantage of waterborne paint is its low toxicity and flammability due to lower VOC levels. Paints based on this technology have excellent adhesion and greater heat resistance compared to solvent-based paints. Owing to stringent emission regulations such as Regulation, Evaluation, Authorisation and Restriction of Chemical Substances (REACH), countries in Europe are reducing the use of solvent-borne paints and have shifted towards eco-friendly waterborne paints.
North America and Europe are estimated to showcase the largest usage rate for waterborne paints and are projected to grow at a steady pace over the forecast period. Developing markets such as India and China are also switching to water-based paints, thus increasing the demand for waterborne paints over the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Paints Market, By Paint Type
7 Automotive Paints Market, By Technology
8 Automotive Paints Market, By Resin Type
9 Automotive Paints Market, By Texture
10 Automotive Paints Market, By Content
11 Automotive Paints Market, By Painting Equipment Type
12 Automotive Paints Market, By Vehicle Type
13 Electric & Hybrid Vehicle Paints Market, By Region
14 Automotive Refinish Paints Market, By Resin Type
15 Automotive Paints Market, By Region
16 Competitive Landscape
17 Company Profiles
- DOW Chemical
- Nippon Paint
- Sherwin Williams
For more information about this report visit https://www.researchandmarkets.com/research/h3pcq9/global_automotive?w=4