The global automotive paints and coatings market was valued at $19,112.56 Million in 2017 and is projected to reach $28,159.40 Million by 2026, growing at a CAGR of 4.3% during the forecast period. The major driving factors for the automotive paints and coatings market are the constant improvement in their properties and functionality, increase in durability, presentation and performance of finished products. However, the difficulty in sourcing raw materials and the volatility of raw material prices are holding back the automotive paints and coatings market.

Global automotive paints and coatings play an important role in the automotive industry. They are not only used to improve appearance for vehicle beautification purposes, but also as a preventative measure or protective layer for vehicles. It can protect vehicles from corrosion, UV rays, chemicals and many other damages. There is a steady increase in demand for specialty coatings used in fuel efficient automotive and also growing demand from the automotive industry.

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Based on technology, the water-based technology segment accounted for a larger share, in terms of volume. It finds applications in the automotive, coal car interiors, fly ash hoppers, plastic pellet hoppers and architectural sector as it provides benefits such as less flame retardancy, low emissions and a stable viscosity during printing. By geography, Asia-Pacific is the largest market which is mainly supported by the expansion of growing household activities in the region. Asia-Pacific is the fastest growing paints and coatings market with most major manufacturers establishing their facilities in this region.

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Some of the prominent players profiled in the Automotive Paints and Coatings market include Akzonobel NV, Asian Paints Limited, Axalta Coating System LLC, Beckers Group, Berger Paints India Limited, Dunn-Edwards Corporation, Hempel A/S, Jotun A/S, Kansai Paints Co., Ltd, Masco Corporation, Nippon Paint Holdings Co., Ltd, PPG Industries, RPM International Inc, SK Kaken Co., Ltd, Shalimar Paints, Sherwin-Williams Company, Tikkurila OYJ and Valspar Corporation. .

Technologies covered:
• Ultraviolet (UV) curing
• Powder coating
• Solvent-based technology
• Water-based technology
• Other technologies

Layers covered:
• Base layer
• Transparent layer
• E-Coat
• Primer

Resins covered:
• Acrylic
• Alkyd
• An epoxy resin
• Polyester
• Polyurethane

Textures covered:
• Matte
• Metallic
• Solid

Covered vehicles:
• Heavy duty vehicles
• Light commercial vehicles
• Particular Cars

Distribution channels covered:
• Automotive Original Equipment Manufacturer (OEM)
• Secondary market

Regions covered:
• North America
o United States
o Canada
o Mexico
• Europe
o Germany
o United Kingdom
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia-Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East and Africa
o Saudi Arabia
o WATER
oQatar
o South Africa
o Rest of the Middle East and Africa

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