Automotive Paint Additives Market (By Power Station Type: Flow Enhancers, Blending Solvents, Fisheye Eliminator, Other; By Application: Automotive Antirust Paint, Automotive Decorative Paint, Automotive Fire Retardant Paint, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027

The global automotive paint additives market size is expected to reach of around US$ 6 Bn by 2027 and is anticipated to grow at a CAGR of around 5.8% in terms of revenue during the forecast period 2020 – 2027.

Automobile paint additives are formulations used to enhance the efficiency of paints used in automotive applications. Such paints are odorless and rust resistant, and degrade the appearance of paints on auto components. The preservation of surfactant agents that regulate surface tension between particles and structures also requires automobile paint additives.

The report provides analysis of global Automotive Paint Additives market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2018 is considered as the base year.

Market Insights

Paint additives help to enhance UV protection, support for anti-catering, minimize foaming and chipping of the coatings as well as increase stable dispersions in the automotive industry. Automotive formulations can withstand humidity, abrasion, contaminants and high temperatures robustly with these paint additives. As cars are expensive goods, buyers spend readily in preserving their ultimate look, which is the key driving force on the global automotive painting additives industry. In addition, the demand for automotive paint additives is further increased by restrictions on aquatic paints which emit volatile organic chemicals. A new additive with self-healing properties has recently been developed and has further increased interest in this market. Conversely, the key thing preventing the industry from reaching its full potential is the high price of these color additives. The incentive for market players is to search for and grow cost-effective and desirable additives that can help their rivals gain ground.

Regional Stance

Asia Pacific is projected to expand at a prominent pace in the automotive paint additives industry as a result of significant growth in car production and an increased number of trade pacts between key suppliers and local players. Strict regulations on eco-friendly automotive coating are promising for the automotive additives industry a smoother road. Besides, customers in the United States are embracing waterborne resin manufacturing, which in turn accelerates demand for automotive paint coatings in the country, for the coating of interior plastic components.

Latin American industry is projected to expand at a steady growth pace for the automotive paint additives sector Due to the favorable economic and political condition in the region, which is expected in the coming decades to form the car paint additives industry. In the global automotive paint additives industry, the Middle East & Africa markets are projected to expand at a moderate pace. But the expansion of the car paint additive industry over the next decade is opened up by a significant transition of luxury cars.

Report coverage

The market research study on “Automotive Paint Additives Market (By Type: Flow Enhancers, Blending Solvents, Fisheye Eliminator, Other; Automotive Paint Additives Market By Application: Automotive Antirust Paint, Automotive Decorative Paint, Automotive Fire Retardant Paint, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Automotive Paint Additives market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global Automotive Paint Additives market, its technology, mounting, connectivity, end use, and major geographic regions. The report covers global Automotive Paint Additives market size, and segment markets by power station type, application, and geography along with the information on companies operating in the market. The Automotive Paint Additives market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

The global Automotive Paint Additives market is segmented as below:

Market Segmentation

Automotive Paint Additives Market By Power Station Type

• Flow Enhancers
• Blending Solvents
• Fisheye Eliminator
• Other

Automotive Paint Additives Market By Application

• Automotive Antirust Paint
• Automotive Decorative Paint
• Automotive Fire Retardant Paint
• Other

Automotive Paint Additives Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Key Players

Major players include in this report are Akzo Nobel N.V, BASF SE, Eastman Chemical Company, LLC, Kansai Paint Co., Ltd, The Sherwin-Williams, Nippon Paint Holdings Co., Ltd., DuPont, and Others.

Such companies have adopted numerous approaches, including acquisitions, alliances, cooperation, joint ventures, deals, extensions and introducing new products, to build a large customer base and raise their global share in the automotive paint additives industry.