Automotive Paints & Coatings Market | Global Size, Analysis 2019-2027

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GLOBAL AUTOMOTIVE PAINTS COATINGS MARKET
FORECAST 2019-2027
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• The global automotive paints and coatings market
  is projected to grow from XX billion in 2018 to
  XX billion by 2027, growing at a CAGR of 3.58
  during the forecast period.
• The base year considered for the market study is
  2018 and the forecasting years are from 2019 to
  2027.
• The risen eco-friendly paints and coating
  requirement in the various industries is the
  prime factor responsible for the growth of the
  market across the globe.
• Furthermore, these automotive paints and coatings
  are not only used to enhance the appearance or
  for the purpose of beautification of vehicles,
  but also used as a preventive measure or
  protection layer for vehicles.
• These benefits are also responsible for the
  increasing demand of the market during the
  forecast period.

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• The automotive paints and coatings market is
  segmented on the basis of technology, coat type,
  vehicle type and geography.
• On the basis of coat type, the automotive paints
  and coatings market is segmented into base coat,
  electro-coat, clear coat and primer.
• The automotive paints and coatings market by
  vehicle type is further segmented into passenger
  cars, light commercial vehicles and heavy
  commercial vehicles.
• The varied technology equipped in the market are
  solvent-borne, water-borne and others. The
  increasing demand for eco-friendly paints and
  coatings from the automotive industry and the
  booming automobile industry are major driving
  factors for the growth of the automotive paints
  and coatings market.
• On the contrary, stringent regulations and
  policies by the government, environmental issues
  like VOC and CO2 emissions are restraining the
  growth of the market.

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The global automotive paints and coatings market
is projected to grow from XX billion in 2018 to
XX billion by 2027, growing at a CAGR of 3.58
during the forecast period.
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North America's automotive paints and coatings
market revenue are expected to reach xx billion
in the year 2018 and are anticipated to touch xx
billion in the year 2027, at the CAGR of 3.00.
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Europes automotive paints and coatings market
revenue are expected to grow XX billion in the
year 2019 and are anticipated to touch XX
billion in the year 2027, at a CAGR of 3.06.
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Asia Pacifics automotive paints and coatings
market revenue are expected to reach xx billion
in the year 2019 and are expected to touch XX
billion in the year 2027, at a CAGR of 4.18.
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The leading market players in the automotive
paints and coatings market are Axalta Coating
Systems, AkzoNobel, Basf Se, Covestro, Dowdupont
Inc., Fortech Products Inc., Kansai Paint Co.
Ltd., KCC Corporation, Nippon Paint Holdings Ltd,
PPG Industries, Inc., Rpm International, Solvay
Group, The Sherwin Williams Company and Valspar
Corporation.
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