Latest research on Automotive Paints Market reports annualized growth of 4.82%

Automotive Paints Market Latest Edition Published with Forecast to 2028


The article cited AMA's "Global Automotive Paints Market Study" explored substantial growth in North America and of 4.82%. According to the report, Government Initiation for Eco-Friendly Paints is one of the primary growth factors for the market. Rising Production of Vehicles is also expected to contribute significantly to the Automotive Paints market. Overall, Light Vehicle OEM applications of Automotive Paints, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as Solvent-borne, is boosting the Automotive Paints market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Resin, such as Polyurethane (PU), is boosting the Automotive Paints market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Texture, such as Solid, is boosting the Automotive Paints market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Automotive Paints market identified that the demand is rising in many different parts of the world as "High Demand for Innovative Paint Technologies ". Furthermore, some recent industry insights like "On 19th January 2018, Nippon Paint, Asia’s leading paint manufacturer has launched Nippon Paint X’press, its unique car painting and car care center concept in India. The first Nippon Paint X’press flagship center that will deliver world-class body & paint repair as well as car care services while cutting process times extremely was inaugurated in Gurugram. and On 9th November 2018, Nippon Paint, one of the leaders in the automotive paints market has launched a polarized paint, Maziora that changes color depending on the angle from which it is viewed or from where the light highlights it. This paint is properly used to re-paint vehicles or as a high-design paint for new vehicles as well as designer racing cars." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Automotive Paints market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Paints market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Automotive Paints Market Study

Data Triangulation
The overall Automotive Paints market size is calculated using market estimation process, the Automotive Paints market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive Paints market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

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