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Automotive Paint Additives Market to Reach $5.63 Billion by 2026, Growing at a CAGR of 7.0% from 2019 to 2026
Automotive Paint Additives Market Size, Share, Competitive Landscape and Trend Analysis Report : Global Opportunity Analysis and Industry Forecast, 2019-2026
PORTLAND, PROVINCE: OREGAON, UNITED STATES, September 2, 2024 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, "Automotive Paint Additives Market by Type, Application and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019â2026," the global automotive paint additives market size was valued at $3.29 billion in 2018, and is projected to reach $5.63 billion by 2026, registering a CAGR of 7.0% from 2019 to 2026.
ðððªð®ðð¬ð ððð¦ð©ð¥ð ððð©ð¨ð«ð – https://www.alliedmarketresearch.com/request-sample/A05992
Presently, North America dominates the market, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the North America automotive paint additives market share in 2018, and is anticipated to maintain its lead during the forecast period.
Blending solvents can be defined as solvents, which are specifically formulated to help in dissolving the dry edges of freshly sprayed 2K clear coat. In addition, blending solvents allow users to keep the repairs to a single panel by creating an invisible blend. Development of the automotive industry and rise in need for eco-friendly paint additives are anticipated to boost the growth of automotive paint additives market. Flow enhancer is a colorless liquid, which can be added to acrylic color to improve its flow and reduce viscosity. In addition, flow enhancers are ideal for achieving smooth coverage, especially for covering large area of surface and help paints to keep a steady pigmentation to achieve opaque coating. In addition, increase in adoption of flow enhancers has been witnessed across the globe, which acts as a key factor driving of the global market. This is attributed to the fact that flow enhancers improve the processability and reduce energy consumption, which, in turn, is boosting the adoption of flow enhancers.
ðð«ð¨ðð®ð«ð ðð¨ð¦ð©ð¥ððð ððð¬ððð«ðð¡ ððð©ð¨ð«ð – https://www.alliedmarketresearch.com/automotive-paint-additives-market/purchase-options
Fisheye eliminator is used to prevent fisheye, which is a small crater/hole, on the surface that is surrounded by ring of paint and increase the gloss. In addition, it reduces the surface tension of wet paints, improves the paint flow out, inhibits solvent trapping, reduces the telegraph of sand scratches, and helps to prevent beading of the liquid on the contaminated substrate.
Expansion of business by incorporating new manufacturing plants by leading automotive paint additives companies and initiatives taken by automobile companies to improve the quality of automotive paints additives so as to reduce the environmental impact are the key factors anticipated to propel the growth of automotive paints additives market. Automotive paints additive companies are expanding their business in North America by incorporating new manufacturing plants. For instance, Nippon Paint, one of the global leaders in the automotive paints market, incorporated new 270,000-square-foot factory in East Chattanooga, which will propel the market growth, which, in turn, will boost the demand for automotive paints additives.
The growth of the automotive paint additives market is driven increase in vehicle production and surge in demand for innovative and eco-friendly automotive paints for automobiles. This has enforced players to manufacture better and efficient products, which lead to the growth of the market. Numerous paint additives have been introduced due to the increased automobile production and rise in demand for long-lasting paints for vehicles. This demand has supplemented the growth of automotive paint additives market. In addition, implementation of stringent government regulations to opt for eco-friendly paints to reduce the adverse effect on environment is driving the market growth worldwide.
ððð¤ð ðð§ ðð§ðªð®ð¢ð«ð² ðððð¨ð«ð ðð®ð²ð¢ð§ð – https://www.alliedmarketresearch.com/purchase-enquiry/A05992
Factor such as increase in automobile production is anticipated to propel the growth of automotive paints additives market. In addition, surge in demand for eco-friendly and innovative automotive paints is boosting the growth of market. However, rise in prices of raw materials hinders the growth of market. On the contrary, production of eco-friendly and cost-effective automotive paints is anticipated to offer remunerative growth opportunity for the players operating in the global automotive paint additives market.
ððððð¢ð§ð ððð«ð¤ðð ðð¥ðð²ðð«ð¬ :
BASF SE, PPG, Akzo Nobel N.V, Eastman Chemical Company, LLC, The Sherwin-Williams, Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., DuPont, Clariant, Solvay, and others.
ððð² ð
ð¢ð§ðð¢ð§ð ð¬ ð¨ð ðð¡ð ððð®ðð² :
On the basis of type, the flow enhancers segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of application, the automotive decorative paint segment is a highest contributor in 2018, in terms of revenue.
Region wise, Asia-Pacific is the fastest growing region, followed by Europe, North America, and LAMEA.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
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Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Automotive Paint Additives Market Size, Share, Competitive Landscape and Trend Analysis Report : Global Opportunity Analysis and Industry Forecast, 2019-2026
PORTLAND, PROVINCE: OREGAON, UNITED STATES, September 2, 2024 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, "Automotive Paint Additives Market by Type, Application and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019â2026," the global automotive paint additives market size was valued at $3.29 billion in 2018, and is projected to reach $5.63 billion by 2026, registering a CAGR of 7.0% from 2019 to 2026.
ðððªð®ðð¬ð ððð¦ð©ð¥ð ððð©ð¨ð«ð – https://www.alliedmarketresearch.com/request-sample/A05992
Presently, North America dominates the market, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the North America automotive paint additives market share in 2018, and is anticipated to maintain its lead during the forecast period.
Blending solvents can be defined as solvents, which are specifically formulated to help in dissolving the dry edges of freshly sprayed 2K clear coat. In addition, blending solvents allow users to keep the repairs to a single panel by creating an invisible blend. Development of the automotive industry and rise in need for eco-friendly paint additives are anticipated to boost the growth of automotive paint additives market. Flow enhancer is a colorless liquid, which can be added to acrylic color to improve its flow and reduce viscosity. In addition, flow enhancers are ideal for achieving smooth coverage, especially for covering large area of surface and help paints to keep a steady pigmentation to achieve opaque coating. In addition, increase in adoption of flow enhancers has been witnessed across the globe, which acts as a key factor driving of the global market. This is attributed to the fact that flow enhancers improve the processability and reduce energy consumption, which, in turn, is boosting the adoption of flow enhancers.
ðð«ð¨ðð®ð«ð ðð¨ð¦ð©ð¥ððð ððð¬ððð«ðð¡ ððð©ð¨ð«ð – https://www.alliedmarketresearch.com/automotive-paint-additives-market/purchase-options
Fisheye eliminator is used to prevent fisheye, which is a small crater/hole, on the surface that is surrounded by ring of paint and increase the gloss. In addition, it reduces the surface tension of wet paints, improves the paint flow out, inhibits solvent trapping, reduces the telegraph of sand scratches, and helps to prevent beading of the liquid on the contaminated substrate.
Expansion of business by incorporating new manufacturing plants by leading automotive paint additives companies and initiatives taken by automobile companies to improve the quality of automotive paints additives so as to reduce the environmental impact are the key factors anticipated to propel the growth of automotive paints additives market. Automotive paints additive companies are expanding their business in North America by incorporating new manufacturing plants. For instance, Nippon Paint, one of the global leaders in the automotive paints market, incorporated new 270,000-square-foot factory in East Chattanooga, which will propel the market growth, which, in turn, will boost the demand for automotive paints additives.
The growth of the automotive paint additives market is driven increase in vehicle production and surge in demand for innovative and eco-friendly automotive paints for automobiles. This has enforced players to manufacture better and efficient products, which lead to the growth of the market. Numerous paint additives have been introduced due to the increased automobile production and rise in demand for long-lasting paints for vehicles. This demand has supplemented the growth of automotive paint additives market. In addition, implementation of stringent government regulations to opt for eco-friendly paints to reduce the adverse effect on environment is driving the market growth worldwide.
ððð¤ð ðð§ ðð§ðªð®ð¢ð«ð² ðððð¨ð«ð ðð®ð²ð¢ð§ð – https://www.alliedmarketresearch.com/purchase-enquiry/A05992
Factor such as increase in automobile production is anticipated to propel the growth of automotive paints additives market. In addition, surge in demand for eco-friendly and innovative automotive paints is boosting the growth of market. However, rise in prices of raw materials hinders the growth of market. On the contrary, production of eco-friendly and cost-effective automotive paints is anticipated to offer remunerative growth opportunity for the players operating in the global automotive paint additives market.
ððððð¢ð§ð ððð«ð¤ðð ðð¥ðð²ðð«ð¬ :
BASF SE, PPG, Akzo Nobel N.V, Eastman Chemical Company, LLC, The Sherwin-Williams, Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., DuPont, Clariant, Solvay, and others.
ððð² ð
ð¢ð§ðð¢ð§ð ð¬ ð¨ð ðð¡ð ððð®ðð² :
On the basis of type, the flow enhancers segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of application, the automotive decorative paint segment is a highest contributor in 2018, in terms of revenue.
Region wise, Asia-Pacific is the fastest growing region, followed by Europe, North America, and LAMEA.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
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Heather Jenkins
September 5, 2024 at 3:27 am
In conclusion, the automotive paint additives market is poised for significant growth, projected to reach $5.63 billion by 2026 with a robust CAGR of 7.0% from 2019. This growth is primarily driven by the increasing production of vehicles, the rising demand for innovative and eco-friendly paint solutions, and advancements in manufacturing technologies. North America currently leads the market, but the Asia-Pacific region is showing the fastest growth due to a surge in automotive production and consumption. As environmental regulations tighten, the focus on sustainable and cost-effective additives is expected to present lucrative opportunities for industry players. The ongoing development within this market, coupled with the expansion initiatives of leading companies, underscores its potential and importance in the automotive sector.
Ann Bailey
September 5, 2024 at 11:28 am
In conclusion, the automotive paint additives market is poised for significant growth, projected to reach $5.63 billion by 2026, with a robust CAGR of 7.0% from 2019 to 2026. The increasing demand for eco-friendly and innovative automotive paints, alongside a rise in vehicle production, is driving this expansion. Key players in the industry are responding by enhancing product offerings and establishing new manufacturing facilities, particularly in North America. While challenges such as rising raw material costs persist, the focus on sustainable and cost-effective solutions presents lucrative opportunities for growth. Overall, the outlook for the automotive paint additives market is bright, reflecting the evolving needs of the automotive sector.
Vern Jenkins
September 5, 2024 at 11:28 am
In conclusion, the Automotive Paint Additives Market is poised for substantial growth, with projections estimating a rise from $3.29 billion in 2018 to $5.63 billion by 2026, reflecting a compound annual growth rate (CAGR) of 7.0%. This expansion is primarily driven by increased vehicle production, the rising demand for innovative and eco-friendly paint solutions, and significant advancements in manufacturing technology. North America currently leads the market, while Asia-Pacific shows the fastest growth potential, highlighting global opportunities for industry players. As more companies invest in environmentally sustainable practices and improve product efficiency, the automotive paint additives landscape is expected to evolve, ultimately meeting the growing consumer demand for high-quality automotive finishes.
andrea price
September 6, 2024 at 10:06 am
The Automotive Paint Additives Market is poised for significant growth, projected to reach $5.63 billion by 2026, with a robust CAGR of 7.0% from 2019 to 2026. This expansion is driven by increasing vehicle production, a rising demand for eco-friendly and innovative paint solutions, and advancements in technology that enhance the performance of paint additives. North America currently leads the market, but the Asia-Pacific region shows the fastest growth potential. As manufacturers focus on sustainability and efficiency, the market is also responding to consumer preferences for high-quality, durable automotive finishes. Overall, the future of the automotive paint additives market appears promising, offering substantial opportunities for growth and innovation amidst evolving industry standards and environmental regulations.
Eric Jenkins
September 6, 2024 at 10:11 am
The automotive paint additives market is poised for significant growth, projected to reach $5.63 billion by 2026, driven by a compound annual growth rate (CAGR) of 7.0% from 2019. This expansion is primarily fueled by increased vehicle production, heightened demand for innovative and eco-friendly coatings, and advancements in additive technologies such as blending solvents and flow enhancers. North America currently leads the market, with Asia-Pacific expected to exhibit rapid growth. While challenges such as rising raw material prices persist, the industry’s shift towards sustainable practices presents lucrative opportunities for growth. As more manufacturers embrace eco-friendly solutions, the automotive paint additives market is well-positioned to thrive in the coming years.
scott bennett
September 6, 2024 at 7:46 pm
The automotive paint additives market is poised for significant growth, with projections indicating an increase from $3.29 billion in 2018 to $5.63 billion by 2026, reflecting a robust CAGR of 7.0%. This expansion is primarily driven by the rising vehicle production and a growing demand for innovative and eco-friendly paint solutions, as well as advances in technology associated with paint additives. North America currently leads the market, but Asia-Pacific is emerging as a vital growth region. As manufacturers continue to innovate and address environmental concerns, opportunities in the market will likely flourish, offsetting challenges such as rising raw material costs. The ongoing development of efficient, sustainable products will be key to meeting the changing demands of the automotive industry and fostering long-term growth in this sector.