Post Covid-19 Update: Regulations Favoring Eco-Friendly Paints To Drive The Automotive Paints Market

  • According to the new market research report “Automotive Paints Market by type (Primer, Base Coat, Clear Coat, and E-Coat), by Technology (Solvent-Based, Water-Based, Powder Coating and UV Cured Coating), by Resin (Polyurethane, Acrylic, Epoxy, Polyesters, and Others), by Texture (Solid Paints, Metallic Paints, Pearlescent, Matte Finish, and Others), by Application (Passenger Cars, Light-Duty Vehicle, and Heavy-Duty Vehicle ), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2019 to 2027)”, the automotive paints market is estimated to reach around USD 12.3 Billion by 2027 at a CAGR of around 3.8% during the review period
  • Regulations favoring eco-friendly paints is a key factor to boost the demand for the automotive paints market
  • However, the fluctuating raw material prices remains a major restraining factor for the market growth
  • Rising vehicle production has increased the production of automotive catalysts for emission control devices in automobile exhaust systems. Therefore, growing vehicle production will propel the automotive paint market during the assessment period
  • To control Volatile Organic Compounds (VOCs) emission, government has implemented regulations for paint manufactures to lower the use of VOCs in their products. Hence, supportive government regulations favoring eco-friendly paints are expected to boost the market growth during the forecast period
  • The growing adoption of high-end vehicles is anticipated to boost the automotive paints market in the future
  • Defects associated with automotive paints is likely to act as a challenge for market growth
  • Asia-Pacific
  • Europe
  • PPG Industries, Inc.:
  • BASF SE:

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
DataBridge Market Research

DataBridge Market Research

28 Followers

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach