Automotive Paint Market Prepares to Meet Growing Demand; Brazil, Russia, India, and China (BRIC) Expected to Be Key Contributors to This Emerging Market

Written by Bruno Teles

Published on 06/12/2022 at 10:59

Carro com tinta especial (Foto/divulgação)

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Due to globalization and the increasing per capita income of the world population, industries see potential in their new clientele. And with it, the automotive paint market observes in these potential customers a new margin of profit and also the challenges of adapting to the new standard that is emerging.

Metals represent more than 80% of automotive components. Most of this metal is coated to prevent rust and corrosion in a short time, but it is also clear with the proper care. The automotive paint market is seeing development prospects due to the emergence of UV-curing coatings. The coating industry can be divided into Original Equipment Manufacturing (OEM) and aftermarket or repainting based on application.

The main end-users of the automotive repainting market are collision repair centers and auto repair shops. Based on formulation, this market can be classified into four categories: water-based coating, solvent-based, powder-based, and UV-based.

Brazil, Russia, India, and China (BRIC) are expected to be the primary countries contributing to this new market opening. Improved economies, advancements in road infrastructure, and preparation for the growing demand from individuals seeking automotive freedom are the main reasons driving the automotive industry.

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MVOX – Growth of the Automotive Market

YouTube video — The automotive world is no longer exclusive to higher social classes, and the automotive paint market is preparing to meet the growing demand / Canal Momento Vox

According to the International Organization of Motor Vehicle Manufacturers (OICA), global production increased from 77.6 million in 2010 to 87.3 million in 2013. The rising cost of raw materials is emerging as a significant challenge for the automotive coating market, as the profit of coating manufacturers is declining.

The main producers of titanium dioxide, one of the most common pigments used in coating manufacturing, such as Kronos, Inc., Tronox Limited, and E. I. du Pont de Nemours and Company, among others, announced a price increase of US$ 300/ton, US$ 400/ton, and US$ 500/ton, respectively, in 2011 in the Asia-Pacific region. Their American and European counterparts also announced increases for the same year. This may be one of the reasons the paint market feels the impact, but not to the point of reversing its growth; despite the increases, the car sales market continues to rise, and projections indicate that the market will be even more heated in the coming years.

The market for eco-friendly automotive paints, such as water-based and powder coatings, is rapidly growing due to increasing concern from governments and the general population; this concern also extends to pollutant gas emissions in the atmosphere, which is why many are advocating for the use of biofuels.

Various environmental agencies and government institutions have formulated regulations and issued guidelines to minimize the use of high Volatile Organic Compound coatings.

Automotive Paint Market Prepares to Meet Growing Demand; Brazil, Russia, India, and China (BRIC) Expected to Be Key Contributors to This Emerging Market

MVOX – Growth of the Automotive Market

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

Cambodia has started digging a nearly 180-kilometer canal to connect the Mekong River directly to the sea and reduce its dependence on the ports of neighboring Vietnam.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.

Wax notebook falls into latrine 800 years ago, survives intact in Germany and reveals Latin notes that may expose the routine of a high-status medieval merchant.

After more than 11 years orbiting Mars, NASA declared the MAVEN probe lost, which disappeared after passing behind the Red Planet in December, began to spin abnormally, depleted its batteries, and never responded to controllers on Earth again.

Free courses open 2,221 spots with classes in itinerant trailers from June 8 to 18 and training in gastronomy, technology, beauty, mechanics, pets, and elderly care in SP.

Hyundai sells an executive minivan that looks like a VIP room on wheels: Custin carries 7 people, uses a 1.5 turbo engine with 168 hp, 8-speed automatic transmission, and costs around R$ 157,000 in direct conversion in Vietnam.

China creates a capsule with artificial intelligence that scans the stomach in just 8 minutes and can reduce costs by up to R$ 1,400, paving the way for a new era of gastrointestinal diagnostics without tubes, sedation, and discomfort for patients.

Automotive Paint Market Prepares to Meet Growing Demand; Brazil, Russia, India, and China (BRIC) Expected to Be Key Contributors to This Emerging Market

MVOX – Growth of the Automotive Market

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

Cambodia has started digging a nearly 180-kilometer canal to connect the Mekong River directly to the sea and reduce its dependence on the ports of neighboring Vietnam.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.

Hyundai sells an executive minivan that looks like a VIP room on wheels: Custin carries 7 people, uses a 1.5 turbo engine with 168 hp, 8-speed automatic transmission, and costs around R$ 157,000 in direct conversion in Vietnam.

The 7-seater Toyota that seems too cheap to exist in Brazil: Rush has a 1.5 engine, manual or automatic option, and a converted price close to R$ 81,000, while here families need to aim for much more expensive SUVs.

The 2012 Mitsubishi Pajero Dakar diesel shows 314,000 km and still draws attention for its reputation for durability; the seven-seater 4×4 SUV handles trails, but signs of severe use may conceal losses for used car buyers.

Peugeot publicly acknowledged the errors of the PureTech engine, which caused serious failures in hundreds of thousands of cars, and introduced the new Turbo 100 as a definitive solution, a 1.2 turbo tested for over 3 million kilometers that replaces the faulty belt with a more durable chain.

Automatic cars become ‘cheap’ in Brazil, and models from Toyota, Hyundai, Nissan, and Honda appear for R$ 65,000 with up to 120 hp, CVT transmission, 482 liters of trunk space, keyless entry, and six airbags to tackle traffic without a clutch.

Wax notebook falls into latrine 800 years ago, survives intact in Germany and reveals Latin notes that may expose the routine of a high-status medieval merchant.

After more than 11 years orbiting Mars, NASA declared the MAVEN probe lost, which disappeared after passing behind the Red Planet in December, began to spin abnormally, depleted its batteries, and never responded to controllers on Earth again.

Free courses open 2,221 spots with classes in itinerant trailers from June 8 to 18 and training in gastronomy, technology, beauty, mechanics, pets, and elderly care in SP.

Hyundai sells an executive minivan that looks like a VIP room on wheels: Custin carries 7 people, uses a 1.5 turbo engine with 168 hp, 8-speed automatic transmission, and costs around R$ 157,000 in direct conversion in Vietnam.

China creates a capsule with artificial intelligence that scans the stomach in just 8 minutes and can reduce costs by up to R$ 1,400, paving the way for a new era of gastrointestinal diagnostics without tubes, sedation, and discomfort for patients.