December 2, 2020

Allied

Portland, OR, Nov. 30, 2020 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the global automotive paint additives market was pegged at $3.29 billion in 2018, and is expected to reach $5.63 billion by 2026, growing at a CAGR of 7.0% from 2019 to 2026. The report offers a detailed analysis of the drivers & opportunities, market size & estimations, top winning strategies, key segments, and competitive scenario.

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Rise in automobile production, increase in demand for eco-friendly products, and innovative automotive paints additives have propelled the growth of the global automotive paint additives market. However, rise in prices of raw materials impedes the market growth. On the contrary, production of eco-friendly and cost-effective automotive paints additives are expected to offer multiple opportunities in the near future.

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. The fisheye eliminator segment dominated the market in 2018, accounted for nearly two-fifths of the total market share. On the other hand, the flow enhancers segment is anticipated to portray the fastest CAGR of 8.7% from 2019 to 2026.

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Based on application, the market is categorized into automotive decorative paint, automotive antirust paint, automotive fire-retardant paint, and others. The automotive decorative paint segment dominated the global market in 2018, accounting for more than one-third of the market. The segment would maintain its dominant position throughout the forecast period. On the other hand, the automotive fire-retardant paint segment is anticipated to register the highest CAGR of 7.5% during the forecast period.

Region-wise, the market is analyzed across Asia-Pacific, North-America, Europe, and LAMEA. The market across North America held the largest share in 2018, accounting for more than one-third of the market. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 8.4% in between 2019 to 2026. The market also offers an in-depth study of regions including LAMEA and Europe.

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Major market players in the automotive paint additives market report include PPG, Akzo Nobel N.V, BASF SE, Eastman Chemical Company, LLC, Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., DuPont, Clariant, Solvay, The Sherwin-Williams, and others holds major share of automotive paint additives market.

Similar Reports We Have on Automotive Paints, Additives, Coatings:

Paints and Coatings Market: Some of the main market players operating in the global paints and coatings market are BASF SE, Akzonobel N.V., PPG Industries, RPM International Inc., The Sherwin-Williams Company, The Valspar Corporation, Axalta Coating Systems LLC, Nippon Paint Co. Ltd., Kansai Paint Co. Ltd., Tikkurila OYJ, and Berger Paints India Ltd.

Automotive OEM Coatings Market: The other players in the automotive OEM coatings market value chain (profiles not included in the report) include Beckers Group, Cabot

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Portland, Ore., Nov. 17, 2020 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive Software Market by Application (Safety System, Infotainment and Telematics, Powertrain and Chassis), Product (Operating System, Middleware and Application Software) and Vehicle Type (ICE Passenger Car, ICE Light Commercial Vehicle, ICE Heavy Commercial Vehicle, Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle and Autonomous Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global automotive software industry was estimated at $18.5 billion in 2019 and is anticipated to hit $43.5 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027.

Download Report Sample at https://www.alliedmarketresearch.com/request-sample/2871

Drivers, restraints, and opportunities-

Rise in adoption of ADAS features in vehicles, growing inclination toward connected car services, and intervention of innovative technologies for advanced user interface (UI) drive the global automotive software market. On the other hand, lack of standard protocols to develop software platforms and scarcity of connected infrastructure restrain the growth to some extent. Nevertheless, future potential of 5G and Artificial Intelligence (AI), surge in developments in semi-autonomous and autonomous vehicles, and data monetization in extended automotive ecosystem are expected to create lucrative opportunities in the industry.

COVID-19 Scenario-

  • The outbreak of Covid-19 led to a sharp decline in demand and investment for automobiles. There’s also been a huge change in the consumer behavior that has impacted the market negatively.
  • Nonetheless, with more and more government bodies coming up with ameliorated regulations and dictums, the market is projected to get back to its stance soon.

Get detailed COVID-19 impact analysis on the Automotive Software Market Request Here!

The safety system segment to dominate by 2027-

Based on application, the safety system segment accounted for around one-third of the global automotive software market share in 2019 and is expected to rule the roost by the end of 2027. The infotainment and telematics segment, on the other hand, would manifest the fastest CAGR of 16.2% throughout the forecast period, due to technological advancements and increasing demand for smartphone features in vehicles.

The application software segment to maintain the dominant share-

Based on product, the application software segment contributed to nearly half of the global automotive software market revenue in 2019 and is anticipated to lead the trail by 2027, owing to the growing demand for smartphone-based infotainment system applications, real-time onboard diagnostic system and car maintenance. Simultaneously, the operating system segment would portray the fastest CAGR of 17.2% from 2020 to 2027. Growing trend of connected cars and autonomous vehicles technology propels the segment growth.

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Europe, followed by Asia-Pacific and North America, garnered the major share in 2019 –

Based on region, Europe, followed by Asia-Pacific and North America, garnered the major share in 2019, holding more than one-fourth of the global automotive software market. At the same time, Asia-Pacific would register the fastest CAGR of 16.6% till 2027. This is due to rapid development of intelligent

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