According to the research report titled ‘Asia Pacific Automotive Paints & Coatings Market Size By Coating Type, By Technology, By Texture Type, By Distribution Channel, By Raw Material, By Vehicle Type, Industry Analysis Report, Price Trends, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Asia-Pacific automotive paints & coatings market is likely to reach a valuation of USD 8.3 billion by the year 2026.
 

Proliferating sales of automobiles coupled with growing demand for used or refurbished vehicles are some of the key growth stimulants of Asia-Pacific automotive paints & coatings market. Mounting production of commercial as well as passenger vehicles coupled with shifting preferences towards vehicle aesthetics are stimulating the overall industry outlook.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3212752/
 

Automotive paints & coating solutions are known to offer advanced color retention and UV protection properties. Moreover, technological advancements in this business sphere coupled with advent of exterior automotive shades are adding traction to automotive paints & coatings market share in Asia-Pacific.
 

Off late, there has been a surge in demand for used cars owing to their reduced prices and easy availability of financing alternatives. In addition, collective inclination towards maintaining, repairing, and customizing refurbished vehicles have impelled the demand for automotive paints and coating solutions, thereby contributing towards the overall industry remuneration.
 

Apart from this, several leading companies are focusing on developing advanced processing technologies in a bid to offer cost-effective products as well as to comply with strict environmental regulations. This has resulted in development of automotive paints & coatings with improved surface durability, decreased vibrations, and super-hydrophobicity.
 

The prominent companies operating in Asia-Pacific automotive paints & coatings industry are PPG Industries Inc., Nippon Paint Holdings Co. Ltd., KCC Corporation, Akzo Nobel N.V., Kansai Nerolac Paints Limited, Kansai Paint Co. Ltd., Eastman Chemical Co., DuPont de Nemours Inc., Donglai Coating Technology Co. Ltd., Covestro AG, Clariant AG, Cabot Corporation, Berger Paints Ltd., BASF SE, Axalta Coating Systems, and 3M Co. among others.