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2020

Automotive Paint Additives Market

Automotive Paint Additives Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, Application and Vehicle Type : Global Opportunity Analysis and Industry Forecast, 2019-2026

AT : Automotive systems and accessories

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Author's: Lalit Katare & Anvay Sonpimple | Lalit Janardhan Katare
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Automotive Paint Additives Market Statistics – 2026

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. North America accounted for the highest share in 2018, and is expected to be the highest contributor to the global automotive paint additives market, in terms of revenue, during the automotive paint additives market forecast. 
Automotive paint additives can be defined as the components of the paints that are used in small quantities to enhance the quality and characteristics of paints. Application of additives in the right sequence and in right quantity in the paint improves the durability of quality and flow of point. The additives of additives breaks the bubbles that are formed in the paints when the paint is mixed for application. In addition, the additives are used to improve the storing and production properties of the paint and reduce the drag of paint. Automotive additives include wetting & dispersing agents, deformers, specialty additives, thicker &anti setting agents, emulsifiers, and effluent treatment additives.

Automotive Paint Additives Market

Factor such as increase in automobile production is anticipated to propel the growth of automotive paints additives market. In addition, increase in demand for eco-friendly and innovative automotive paints is boosting the growth of market. However, rise in prices of raw materials is hindering the growth of automotive paint additives market. Conversely, production of eco-friendly and cost-effective automotive paints offers remarkable growth opportunity for the players operating in the global market.

Automotive Paint Additives Market
By Type
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Flow Enhancers is projected as the most lucrative segments

The global automotive paint additives market is segmented into type, application, vehicle type, and region. By type, the market is divided into blending solvents, flow enhancers, fisheye eliminator, and others. On the basis of application, it is segregated into automotive decorative paint, automotive antirust paint, automotive fire-retardant paint, and others. Depending on vehicle type, it is categorized into passenger cars and commercial vehicles. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Automotive Paint Additives Market
By Application
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Automotive Fire Retardant Paint is projected as the most lucrative segments

Key players including 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 holds major share of automotive paint additives market.

Increase in Automobile Production

The automotive industry has witnessed robust growth in the last decade, especially in countries such as China, the U.S., Japan, India, Germany, and the UK. Although the global automotive industry, in its early stage, was focused only on developed countries such as Japan, the U.S., and Germany, the manufacturing facilities presently are expanding their businesses in developing countries such as China, Thailand, and India. This is attributed to the fact that the automobile industry is witnessing rapid growth, owing to increase in industrialization in developing countries, which has led to increase in sales of commercial vehicles such as trucks, tractors, and trailers. Moreover, developing nations have witnessed rise in demand and production of automobile, which has fueled the automotive paint additives market growth. For instance, India became the fourth largest automobile industry in the world, with increase in sales of 9.5% year-on-year to 4.2 million units. Thus, surge in automobile production is anticipated to boost the growth of the global automotive paint additives market.

Increase in Demand for Eco-Friendly and Innovative Automotive Paints Additives

Increase in preference for eco-friendly paints as compared to traditional paints is a key factor that contributes toward the growth of the automotive paint additives market. This is attributed to the fact that eco-friendly paints are waterborne and traditional paints are solvent borne. Solvent-borne paints use products based on petrochemicals that contain volatile organic compounds (VOCs), which are harmful for the environment. VOCs contain a variety of chemicals, some of which may have short- and long-term adverse health effects. However, waterborne paints are thinned with water, which significantly cuts down the number of VOCs they contain. Thus, rise in demand for eco-friendly paints is anticipated to propel the growth of the automotive paints additives market, as they reduce the negative environmental impact. 

Automotive Paint Additives Market
By Vehicle Type
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Commercial vehicles is projected as the most lucrative segments

Rising Prices of Raw Materials

For all the companies operating in the automotive paints additives industry, cost of raw materials required for production of paints is increasing significantly over the last few months. The cost of commodities and raw materials plays a crucial role for paint manufacturers, as more than 50% of the operating costs are allotted to raw materials. Thus, upsurge in prices of commodities has led to rise in the product’s final price. Thus, rise in prices of raw materials is anticipated to hinder the growth of the automotive paint additives market.

Production of Eco-Friendly and Cost-Effective Automotive Paints Additives

Increase in production of automotive paints additives can cause pollution, owing to emission of VOCs. Majority of VOCs are emitted from spraying operation through the use of solvent-based paints, as air in spray booth is mixed with gaseous solvent compounds. In addition, prices of materials needed for the manufacturing of automotive paints additives are rising considerably, which in turn is restraining the growth of the automotive paints additives market. Thus, production of cost-effective & eco-friendly automotive paints additives is anticipated to provide lucrative growth opportunity for the players operating in the market. 

Automotive Paint Additives Market
By Region
2026
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 8.4% during 2019-2026.

Key Benefits for Stakeholders:

  • This study presents the analytical depiction of the global automotive paint additives market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall automotive paint additives market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global automotive paint additives market with a detailed impact analysis.
  • The current automotive paint additives market is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.

Automotive Paint Additives Market Report Highlights

Aspects Details
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By Type
  • BLENDING SOLVENTS
  • FLOW ENHANCERS
  • FISHEYE ELIMINATOR
  • OTHERS
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By APPLICATION
  • Automotive Decorative Paint
  • Automotive Antirust Paint
  • Automotive Fire-retardant Paint
  • Other
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By VEHICLE TYPE
  • PASSENGER VEHICLE
  • COMMERCIAL VEHICLE
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By Region
  • NORTH AMERICA  (US, CANADA, MEXICO)
  • EUROPE  (UK, GERMANY, ITALY, FRANCE, REST OF EUROPE)
  • ASIA-PACIFIC  (CHINA, JAPAN, INDIA, SOUTH KOREA, REST OF ASIA-PACIFIC)
  • LAMEA  (LATIN AMERICA, MIDDLE EAST, AFRICA)
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Key Market Players

DuPont, Nippon Paint Holdings Co., Ltd, Akzo Nobel N.V, Clariant, The Sherwin-Williams, Solvay, Eastman Chemical Company, Kansai Paint Co., Ltd, PPG, BASF SE

Analyst Review

Automotive paint additives includes additives such as deformers, thicker &anti setting agents, wetting & dispersing agents, effluent treatment additives, specialty additives, Emulsifiers, and others. In addition, automotive paint additives are used in small quantities to enhance the special characteristics and qualities of paints.

Factor such as increase in automobile production is anticipated to propel the growth of automotive paints additives market. In addition, increase in demand for eco-friendly and innovative automotive paints is boosting the growth of market. However, rising prices of raw materials is hindering the growth of market. Further, production of eco-friendly and cost-effective automotive paints offers remarkable growth opportunity for the players operating in the global automotive paint additives market.

Among the analyzed regions, currently, North America is the highest revenue contributor as per the forecast, and Asia-Pacific is anticipated to exhibit remarkable growth rate during the forecast period.

Author Name(s) : Lalit Katare & Anvay Sonpimple | Lalit Janardhan Katare
Frequently Asked Questions?

Business expansion, product launch, investment, and others are the new competitive developments in automotive paint additives.

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

The report sample for automotive paint additives market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

OEM car manufacturers and automotive paint service providers are the potential customers of automotive paint additives.

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 are the leading players in automotive paint additives.

The data of the top market players of automotive paint additives market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the automotive paint additives marekt as well as their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

Asia-Pacific will provide more business opportunities for automotive paint additives in future.

The service providers of paint additives in automotive industry includes 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

the key growth strategies of paint additives in automotive industry players includes product launch, business expansion, and investment.

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Automotive Paint Additives Market

Global Opportunity Analysis and Industry Forecast, 2019-2026