Luxury Automotive Paint Market Report 2023 (Global Edition)

Global Luxury Automotive Paint Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Luxury Automotive Paint Industry growth. Luxury Automotive Paint market has been segmented with the help of its Type, Application By Coating, and others. Luxury Automotive Paint market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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By type, the waterborne coatings segment gained the largest revenue market share, in 2022. This is attributed to the environmental benefits offered by waterborne coatings due to their low Volatile organic compound (VOC) percentage.

By Type

• Solvent Borne Coatings
• Powder Coatings
• Waterborne Coatings
   

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Luxury Automotive Paint Industry. Request a Free Sample PDF!

By application, the passenger cars segment dominates the global automotive paints market. This is attributed to the rising disposable income surging the demand for new vehicles coupled with the rise in technological developments, such as the integration of all-EV charging station systems.

By Application

• Light commercial vehicle
• Heavy commercial vehicle
• Passenger cars
   

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Luxury Automotive Paint market report 2023 Edition by contacting our team.

Luxury Automotive Paint By Coating Segment Analysis

By coating, the clear coat segment has the largest revenue share for the growth of the global automotive paints market. Increasing demand for clearcoat due to its extraordinary hardness and resistance to different mechanical and chemical agents.

• Primer
• Base coat
• Clearcoat
• Electrocoat

Luxury Automotive Paint By Texture Type Segment Analysis

• Pearlescent
• Solid
• Metallic
• Others

Asia Pacific has the highest revenue share in the global automotive paints market

In 2022, the Asia Pacific held the largest revenue share in the global automotive paints market. This is attributed to the vast production and increasing sales of automobiles in this region. Furthermore, Europe is anticipated to witness significant growth during the forecast period. This growth is attributed to rising vehicle production in countries such as Italy, Sweden, Germany, and U.K. In addition, the growing population along with rising income levels has shifted towards adopting luxurious vehicles which has resulted in fueling the demand for automotive paints to some extent.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Top Companies in Luxury Automotive Paint Market

Chemical and materials companies are facing some challenges including stringent rules & regulation, supply chain disruption along with raw material price volatility. Thus, some of the key players are adopting new technologies to enhance their product portfolio. Now days digital technologies play an important role in this sector because it improves efficiency, operations and productivity of the plant. This study helps you to understand the competitor’s revenue generation, key strategies, recent development coupled with its S.W.O.T analysis.

 

Top Companies Market Share in Luxury Automotive Paint Industry: (In no particular order of Rank)

• PPG
• AkzoNobel
• Henkel
• Sherwin Williams
• Valspar
• RPM International
• Axalta
• BASF
• Kansai Paint
• Sika
• 3M
• Asian Paints
• Nippon Paint
• HB Fuller
• Masco
• Jotun
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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