Global Automotive Paint Additives Market: Overview

Paint additives are formulations that enhance the quality, functionality, and performance of paints and coatings, and are characterized by attributes such as antibacterial, antifungal, and odorlessness. In the automotive sector, these paint additives are used to modify, preserve, and control surfactant agents. With rising population across the world and increasing disposable income, the automotive sector is currently thriving, whose reflection is quite evident on the global automotive paint additive market, which is projected for a healthy growth rate during the forecast period of 2016 to 2024.

This report on the global market for automotive paint additives has been prepared to act as information guide as far as business decision making is concerned by the audiences such as coating additive manufacturers, coating additive suppliers, coating traders, distributors, and suppliers, raw material suppliers, and other service providers. The report examines all the factors that may influence the demand in the near future, and estimates the condition of the market until 2024. Among the key feature of the report is the section on company profiles, which has been carefully crafted in order to provide an insight into the market shares, product classifications, and regional presence of some of the key players in this market.

Global Automotive Paint Additives Market: Drivers and Restraints

In the automotive sector, paint additives help in improving the UV protection, aid in anti-catering, reduce foaming and chipping of the coatings as well as enhance the dispersions of solids. With these paint additives, automobile parts are able to deal robustly against moisture, abrasion, chemicals, and high temperature. As automobiles are expensive everyday products, consumers readily invest to maintain its utmost appearance, which is the primary factor driving the global automotive paint additives market. Moreover, restrictions on water-based paints, which emit volatile organic chemicals (VOC), are further augmenting the demand for automotive paint additives. In the recent times, new additives have been formulated that come with self healing properties. This has factor has further fueled the demand in this market. Conversely, high price of these paint additives is the most prominent factor that is restricting the market from achieving its true potential. The opportunity for players in this market is to research and develop paint additives that are cost-efficient and yet meet the desired result, in order to gain ground over their competitors.

Global Automotive Paint Additives Market: Region-wise Outlook

Asia Pacific, which resides nearly half of the world’s population and has several emerging economies with rapid urbanization such as India, China, Japan, South Korea, and Australia, is the most lucrative region for this market, owing to the flourishing automotive sector. European and North American region are also expected to sustain the demand at a moderate rate during the forecast period. These two regions are matured in nature and new technology is taking over.

Companies mentioned in the research report

BASF Coatings, DuPont Coatings & Color Technologies, Nippon Paint Co. Ltd., Kansai Paint Co. Ltd., AkzoNobel Coatings, Eastman Chemical Company, PPG Industries Inc, Sherwin-Williams Co., and Valspar Corp. are some of the leading companies currently operational in the global automotive paint additives market. These key players are continuously investing on research and development of new paint additives that comply with environmental regulations and produce greater results, in order to add to their market shares.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Automotive Paint Additives Market