Key Findings
The Asia-Pacific automotive paints & coatings market is estimated to develop with a CAGR of 4.08% over the forecasted period of 2021 to 2028. The market growth of the region is attributable to governmental support through incentives and tax, the increasing production and demand for passenger as well as commercial vehicles, and the presence of major automobile manufacturers.

Market Insights
The Asia-Pacific automotive paints & coatings market growth study entails the detailed analysis of South Korea, India, Japan, Thailand, China, and the rest of the Asia-Pacific. South Korea’s automobile industry is highly pivotal to the country’s economy. Presently, South Korea is the fifth-largest manufacturer of passenger vehicles across the world, with Kia Motors, Hyundai Motors, SsangYong Motors, and other automakers holding a distinguished position in the country. As per industry sources, the vehicle division in the South Korean industrial sector accounts for nearly 13% of the manufacturing yield, generating a valuation of 12%.
Conversely, the automotive production capacity in Thailand reached approximately 500,000 units in the first quarter of 2021. While passenger cars are the most popular type of vehicle in Thailand, over 200,000 units were created in the first quarter of 2021, accounting for more than 50% of the total number of vehicles manufactured during the same period. As a result, the factors mentioned above are set to facilitate the automotive paints & coatings market in the Asia-Pacific during the forecasting years.

Competitive Insights
The top firms operating in the region’s market are Berger Paints Ltd, National Paints, Kansai Paint, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments