Market Overview:
The global automotive water-soluble paint market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The original use segment is expected to account for a major share of the global automotive water-soluble paint market during the forecast period. However, the repair use segment is projected to register highest CAGR over the forecast period. Among regions, Asia Pacific is expected to dominate the global automotive water-soluble paint market throughout the forecast period followed by Europe and North America respectively.
Product Definition:
Water-soluble paint is a type of automotive paint that dissolves in water. It is used to protect metal surfaces from rust and corrosion.
Polyvinyl ethers:
Polyvinyl ethers (PVE) are a group of thermoplastic polymers, which can be segmented into two types: Polyvinyl acetate (PVAc) and polyvinyl butyral (PVB). PVAc has higher demand in the water-based coatings market, while PVB is used for solvent-based coatings.
Polyacrylate:
Polyacrylate is a polymer with acrylonitrile and propioline units. It has high molecular weight which makes it super absorbent. Polyacrylates are used in water-soluble paints for the removal of embedded dirt, wax, grease & oil as well as to clean the glass surface of windows & mirrors. They also have applications in textile dyeing and printing ink industries owing to their excellent color fastness properties along with their soft feel texture finish.
Application Insights:
The original use segment dominated the overall industry in terms of revenue share in 2017. The growth can be attributed to the increasing demand for vehicles and rising consumer disposable income levels across various regions, including Asia Pacific and Middle East & Africa. In addition, technological advancements such as introduction of water-based coatings have played a key role in augmenting product demand for original applications.
Automotive paints are used for exterior as well as interior components of vehicles. Repair use is expected to grow at a significant rate over the forecast period owing to high product durability and low labor cost involved with its application compared to new vehicle production units (vPU). Water-soluble paints offer easy cleaning ability which helps maintain vehicle exterior cleanliness throughout its life cycle, thereby driving their demand during repair uses vPUs over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional segment over the forecast period. The region accounted for a share of more than 45% in terms of revenue in 2017 owing to high demand from countries such as China, India, Japan, and South Korea. Rapid industrialization coupled with increasing automobile production has led to an increase in automotive sales which is further anticipated to drive product demand over the coming years.
The growing number of vehicle manufacturing companies along with rising investments by multinational giants are projected to boost industry growth across Asia Pacific region during the forecast period. Increasing use of water-soluble paints for restoration activities on account of their easy application characteristics is likely to support market growth across this region during the estimated time span.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for water-soluble paints from the automotive industry as a result of the increasing demand for automobiles.
- The growing trend of using environmentally friendly products, which is driving the demand for water-soluble paints.
- Rising investments in R&D by paint manufacturers to develop new and innovative water-soluble paint products that meet the specific needs of different industries, including automotive.
- Growing awareness about the benefits of using water-based paints among consumers and businesses alike, which is helping to drive its adoption across various industries, including automotive.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Water-Soluble Paint Market Research Report
By Type
Polyvinyl ethers, Polyacrylate, Polyurethane resins, Epoxy resins, Alkyd resins, Others
By Application
Original Use, Repair Use
By Companies
BASF, Akzo Nobel NV, DowDupont, Kansai Paint, Arkema SA, Bayer AG, PPG Industries, Asian Paints, Nippon, Sherwin Williams, Valspar, Axalta, Benjamin Moore
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Water-Soluble Paint Market Report Segments:
The global Automotive Water-Soluble Paint market is segmented on the basis of:
Types
Polyvinyl ethers, Polyacrylate, Polyurethane resins, Epoxy resins, Alkyd resins, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Original Use, Repair Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Akzo Nobel NV
- DowDupont
- Kansai Paint
- Arkema SA
- Bayer AG
- PPG Industries
- Asian Paints
- Nippon
- Sherwin Williams
- Valspar
- Axalta
- Benjamin Moore
Highlights of The Automotive Water-Soluble Paint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyvinyl ethers
- Polyacrylate
- Polyurethane resins
- Epoxy resins
- Alkyd resins
- Others
- By Application:
- Original Use
- Repair Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Water-Soluble Paint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive water-soluble paint is a type of paint that can be washed off with water. It is typically used on vehicles to protect the finish from scratches and other damage.
Some of the key players operating in the automotive water-soluble paint market are BASF, Akzo Nobel NV, DowDupont, Kansai Paint, Arkema SA, Bayer AG, PPG Industries, Asian Paints, Nippon, Sherwin Williams, Valspar, Axalta, Benjamin Moore.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Water-Soluble Paint Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Water-Soluble Paint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Water-Soluble Paint Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Water-Soluble Paint Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Water-Soluble Paint Market Size & Forecast, 2018-2028
4.5.1 Automotive Water-Soluble Paint Market Size and Y-o-Y Growth
4.5.2 Automotive Water-Soluble Paint Market Absolute $ Opportunity
Chapter 5 Global Automotive Water-Soluble Paint Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Water-Soluble Paint Market Size Forecast by Type
5.2.1 Polyvinyl ethers
5.2.2 Polyacrylate
5.2.3 Polyurethane resins
5.2.4 Epoxy resins
5.2.5 Alkyd resins
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Water-Soluble Paint Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Water-Soluble Paint Market Size Forecast by Applications
6.2.1 Original Use
6.2.2 Repair Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Water-Soluble Paint Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Water-Soluble Paint Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Water-Soluble Paint Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Water-Soluble Paint Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Water-Soluble Paint Market Size Forecast by Type
9.6.1 Polyvinyl ethers
9.6.2 Polyacrylate
9.6.3 Polyurethane resins
9.6.4 Epoxy resins
9.6.5 Alkyd resins
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Water-Soluble Paint Market Size Forecast by Applications
9.10.1 Original Use
9.10.2 Repair Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Water-Soluble Paint Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Water-Soluble Paint Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Water-Soluble Paint Market Size Forecast by Type
10.6.1 Polyvinyl ethers
10.6.2 Polyacrylate
10.6.3 Polyurethane resins
10.6.4 Epoxy resins
10.6.5 Alkyd resins
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Water-Soluble Paint Market Size Forecast by Applications
10.10.1 Original Use
10.10.2 Repair Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Water-Soluble Paint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Water-Soluble Paint Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Water-Soluble Paint Market Size Forecast by Type
11.6.1 Polyvinyl ethers
11.6.2 Polyacrylate
11.6.3 Polyurethane resins
11.6.4 Epoxy resins
11.6.5 Alkyd resins
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Water-Soluble Paint Market Size Forecast by Applications
11.10.1 Original Use
11.10.2 Repair Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Water-Soluble Paint Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Water-Soluble Paint Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Water-Soluble Paint Market Size Forecast by Type
12.6.1 Polyvinyl ethers
12.6.2 Polyacrylate
12.6.3 Polyurethane resins
12.6.4 Epoxy resins
12.6.5 Alkyd resins
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Water-Soluble Paint Market Size Forecast by Applications
12.10.1 Original Use
12.10.2 Repair Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Water-Soluble Paint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Water-Soluble Paint Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Water-Soluble Paint Market Size Forecast by Type
13.6.1 Polyvinyl ethers
13.6.2 Polyacrylate
13.6.3 Polyurethane resins
13.6.4 Epoxy resins
13.6.5 Alkyd resins
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Water-Soluble Paint Market Size Forecast by Applications
13.10.1 Original Use
13.10.2 Repair Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Water-Soluble Paint Market: Competitive Dashboard
14.2 Global Automotive Water-Soluble Paint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Akzo Nobel NV
14.3.3 DowDupont
14.3.4 Kansai Paint
14.3.5 Arkema SA
14.3.6 Bayer AG
14.3.7 PPG Industries
14.3.8 Asian Paints
14.3.9 Nippon
14.3.10 Sherwin Williams
14.3.11 Valspar
14.3.12 Axalta
14.3.13 Benjamin Moore
