Asia Pacific Automotive Paints Market By Technology, By Resin Type, By Texture, By Paint Type, By Vehicle Type and Geography
Asia Pacific Automotive Paints Market size was valued at US$ 5.46 billion in 2022 and is expected to reach US$ 8.37 billion by 2029, at a CAGR of 6.2% during the forecast period 2023 to 2029. Some of the key factors influencing the market growth include stringent emission regulations & environmental concerns, innovative paint technologies, changing buyer preferences, high growth in emerging economies and increasing demand of vehicles worldwide. In addition, the growth in this region is mainly attributed to increasing demand for automobiles, rising per capital income and purchasing power of consumers. India and China were the largest revenue contributors in this region. This report studies asia pacific automotive paints market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, asia pacific automotive paints market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed asia pacific automotive paints market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Study Period
2024-2030Base Year
2023CAGR
6.2%Largest Market
IndiaFastest Growing Market
India
The environmental impact of paint is diverse. Traditional painting materials and processes can have harmful effects on the environment, including those from the use of lead and other additives. Measures should be taken to reduce environmental impact, including accurately estimating paint quantities so waste is minimized, and use of environmentally preferred paints, coating, painting accessories, and techniques. The primary source of hazardous waste from automotive plants is again from paint processes. Although much material is recovered, this waste is typically around 25 percent of a plant’s total hazardous waste by weight.
India accounted for larger revenue share in Asia Pacific Automotive Paints market with considerable CAGR. India were the largest revenue contributors in this region. Asia Pacific automotive paints market has been witnessing robust growth over the past few years owing to increase vehicle production in countries including India along with the aging of vehicles.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 5.46 billion |
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Market Size in 2029 |
US$ 8.37 billion |
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Market CAGR |
6.2% |
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By Technology |
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By Resin Type |
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By Texture |
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By Vehicle Type |
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Asia Pacific Automotive Paints Market size was valued at US$ 5.46 billion in 2022
Valspar, Solvay S.A, Royal DSM NV, PPG Industries, Nippon
The report covers the asia pacific automotive paints market data: China, India, Japan, Australia & New Zealand
| 1.Executive Summary |
| 2. Asia Pacific Automotive Paints Market Introduction |
| 2.1. Asia Pacific Automotive Paints Market - Taxonomy |
| 2.2. Asia Pacific Automotive Paints Market - Definitions |
| 2.2.1.Technology |
| 2.2.2.Resin Type |
| 2.2.3.Texture |
| 2.2.4.Vehicle Type |
| 2.2.5.Country |
| 3. Asia Pacific Automotive Paints Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Asia Pacific Automotive Paints Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Asia Pacific Automotive Paints Market By Technology, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Waterborne |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Solvent-Borne |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Powder Coating |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Asia Pacific Automotive Paints Market By Resin Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Epoxy |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Acrylic |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Polyurethane |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Other Resins |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Asia Pacific Automotive Paints Market By Texture, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. Solid Texture |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Metallic Texture |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Matte Finish Paints |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Pearlescent Paints |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Solar Reflective Paints |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Asia Pacific Automotive Paints Market By Vehicle Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. Passenger Car |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Commercial Vehicle OEM |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Light Vehicle OEM |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Others |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Automotive Refinish (Aftermarket) |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. Asia Pacific Automotive Paints Market By Country, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. China |
| 9.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. India |
| 9.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Australia and New Zealand (ANZ) |
| 9.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Japan |
| 9.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Rest of APAC |
| 9.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.China Asia Pacific Automotive Paints Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Waterborne |
| 10.1.2.Solvent-Borne |
| 10.1.3.Powder Coating |
| 10.2. Resin Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Epoxy |
| 10.2.2.Acrylic |
| 10.2.3.Polyurethane |
| 10.2.4.Other Resins |
| 10.3. Texture Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Solid Texture |
| 10.3.2.Metallic Texture |
| 10.3.3.Matte Finish Paints |
| 10.3.4.Pearlescent Paints |
| 10.3.5.Solar Reflective Paints |
| 10.4. Vehicle Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Passenger Car |
| 10.4.2.Commercial Vehicle OEM |
| 10.4.3.Light Vehicle OEM |
| 10.4.4.Others |
| 10.4.5.Automotive Refinish (Aftermarket) |
| 11.India Asia Pacific Automotive Paints Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Waterborne |
| 11.1.2.Solvent-Borne |
| 11.1.3.Powder Coating |
| 11.2. Resin Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Epoxy |
| 11.2.2.Acrylic |
| 11.2.3.Polyurethane |
| 11.2.4.Other Resins |
| 11.3. Texture Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Solid Texture |
| 11.3.2.Metallic Texture |
| 11.3.3.Matte Finish Paints |
| 11.3.4.Pearlescent Paints |
| 11.3.5.Solar Reflective Paints |
| 11.4. Vehicle Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Passenger Car |
| 11.4.2.Commercial Vehicle OEM |
| 11.4.3.Light Vehicle OEM |
| 11.4.4.Others |
| 11.4.5.Automotive Refinish (Aftermarket) |
| 12.Australia and New Zealand (ANZ) Asia Pacific Automotive Paints Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Waterborne |
| 12.1.2.Solvent-Borne |
| 12.1.3.Powder Coating |
| 12.2. Resin Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Epoxy |
| 12.2.2.Acrylic |
| 12.2.3.Polyurethane |
| 12.2.4.Other Resins |
| 12.3. Texture Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Solid Texture |
| 12.3.2.Metallic Texture |
| 12.3.3.Matte Finish Paints |
| 12.3.4.Pearlescent Paints |
| 12.3.5.Solar Reflective Paints |
| 12.4. Vehicle Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Passenger Car |
| 12.4.2.Commercial Vehicle OEM |
| 12.4.3.Light Vehicle OEM |
| 12.4.4.Others |
| 12.4.5.Automotive Refinish (Aftermarket) |
| 13.Japan Asia Pacific Automotive Paints Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 13.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Waterborne |
| 13.1.2.Solvent-Borne |
| 13.1.3.Powder Coating |
| 13.2. Resin Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Epoxy |
| 13.2.2.Acrylic |
| 13.2.3.Polyurethane |
| 13.2.4.Other Resins |
| 13.3. Texture Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Solid Texture |
| 13.3.2.Metallic Texture |
| 13.3.3.Matte Finish Paints |
| 13.3.4.Pearlescent Paints |
| 13.3.5.Solar Reflective Paints |
| 13.4. Vehicle Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Passenger Car |
| 13.4.2.Commercial Vehicle OEM |
| 13.4.3.Light Vehicle OEM |
| 13.4.4.Others |
| 13.4.5.Automotive Refinish (Aftermarket) |
| 14.Rest of APAC Asia Pacific Automotive Paints Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 14.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Waterborne |
| 14.1.2.Solvent-Borne |
| 14.1.3.Powder Coating |
| 14.2. Resin Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Epoxy |
| 14.2.2.Acrylic |
| 14.2.3.Polyurethane |
| 14.2.4.Other Resins |
| 14.3. Texture Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Solid Texture |
| 14.3.2.Metallic Texture |
| 14.3.3.Matte Finish Paints |
| 14.3.4.Pearlescent Paints |
| 14.3.5.Solar Reflective Paints |
| 14.4. Vehicle Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Passenger Car |
| 14.4.2.Commercial Vehicle OEM |
| 14.4.3.Light Vehicle OEM |
| 14.4.4.Others |
| 14.4.5.Automotive Refinish (Aftermarket) |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.3M |
| 15.2.2.Valspar |
| 15.2.3.Solvay S.A |
| 15.2.4.Royal DSM NV |
| 15.2.5.PPG Industries |
| 15.2.6.Nippon |
| 15.2.7.DuPont |
| 15.2.8.Clariant Ag |
| 15.2.9.Beckers |
| 15.2.10.BASF SE |
| 15.2.11.Axalta Coatings Systems |
| 15.2.12.Akzonobel NV |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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