The global automotive refinish coatings market is expected to reach USD 11.34 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing disposable income, changing lifestyle and buying behavior of people, and the demand for luxury vehicles from the segment.
Automotive refinishing coatings are used by the end-users, to address the growing need for up-to-date maintenance and servicing of vehicles to enhance the look and durability of the vehicles and by protecting them from damages due to harsh temperatures and UV radiation. Developments and innovations in coatings, such as high-tech eco-friendly coating materials having low solvent content is another factor fueling the growth of the market.
Automotive Refinish Coatings Market Size – USD 8.39 Billion in 2018, Market Growth - CAGR of 3.8%, Market Trends – Rise of environment friendly coating technologies.
Stringent regulations regarding various VOC-containing products is one of the factors restraining the growth of the market. The use of VOC-containing products, releases VOCs causing air pollution and smog, to improve the same, Governments of many countries have implemented a series of control measures.
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Further key findings from the report suggest
- The market is segmented on the basis of resin type into epoxy, alkyd, polyurethane, others.
- The polyurethane segment dominated the market in 2018, and is forecasted to grow at a CAGR of 2.2% during the forecast period, since it is less expensive, environment-friendly and also versatile.
- The market is segmented on the basis of product into primer, basecoat, clear coat, activator, filler & putty.
- Clear coats, which provide protection to the paint on the vehicles from sun, dust or water, hold the largest share of the market in 2018. It is expected to have a growth rate of 3.4% during the forecast period.
- Solvent-borne coatings hold the largest share in the market in 2018 with a CAGR of 2.9% during the forecast period, the reason is because of its cost effectiveness as compared to other technologies.
- The market is segmented on the basis of substrate into glass, metal, plastic, and others.
- The market is segmented on the basis of applications into commercial vehicles, passenger vehicles, and two wheelers.
- The passenger vehicles segment had the largest market share of ~43% of the market in 2018, in terms of revenue. The demand is expected to substantially increase because of high disposable incomes, changing buying behavior and demand for luxury cars.
- The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America and MEA.
- Key participants include PPG Industries Inc., The Sherwin Williams Company, Axalta Coating systems Ltd., AzkoNobel N.V BASF SE, Convestro AG, Kansai Paints Co. Ltd., Esdee Paint Ltd., KCC Corporation, KAPCI Coating Co. Ltd., NOROO Paint & Coatings Co. Ltd, The Lubrizol Corporation, S.Coat Co., Ltd., Nippon Paint Holding Co. Ltd., and Berger Paints India Ltd., among others.
- The companies have adopted various strategies including mergers, acquisitions and partnerships to hold on going trails and come up with new developments in the market.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/automotive-refinish-coatings-market
For the purpose of this report, Reports and Data have segmented global automotive refinish coatings Market on the basis of resin type, product, technology, substrate, application, and region:
Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
- Epoxy
- Alkyd
- Polyurethane
- Others
Product Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Primer
- Basecoat
- Clearcoat
- Activator
- Filler
- Putty
Technology Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Solvent-borne Coatings
- Water-borne Coatings
- UV-cured Coatings
Substrate Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Glass
- Metal
- Plastic
- Other
Applications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Commercial vehicles
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- Passenger vehicles
- Compact
- Executive
- Luxury
- Two-wheeler
Objectives of the report:
- To study the current impact of COVID-19 on leading segments of the industry and to project changes in the sector due to the pandemic.
- To calculate the market size, in both value and volume, and CAGR for the base year and the forecast period.
- To study the technological advancements in the sector in recent years and the technological pipeline and project the impact of the pandemic on technological advancements and spending by companies.
- To conduct a regional analysis by considering market presence in the leading regions.
- To study key trends observed in the historical analysis and speculate future trends.
- To assess the region expected to grow at a significant pace in the coming years and key factors contributing to the overall revenue.
- To highlight the existing growth opportunities, challenges, risks, drivers, and constraints expected to affect the market in the coming years.
- To profile leading companies in the industry, along with their product portfolios and strategic alliances.
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The Automotive Refinish Coatings Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global Automotive Refinish Coatings market are 3M Company, AkzoNobel N.V., Axalta Coating Systems Ltd, BASF SE, DowDuPont Inc., Kansai Paint Co., Ltd., KCC Corporation, Nippon Paint Holdings Co Ltd, PPG Industries Inc., and The Sherwin-Williams Company.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Automotive Refinish Coatings Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-refinish-coatings-market/download-sampleMarket DynamicsThe increasing investment of consumers towards the maintenance of vehicles is driving the automotive refinish coating market growth.
Moreover, the growing automotive industry in emerging economies like Asia-Pacific is again fueling market growth.
However, fluctuating raw material prices of coating materials could hinder the market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
The Automotive Refinish Coatings market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period.
In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Refinish Coatings.This report presents the worldwide Automotive Refinish Coatings market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.Key Questions Addressed by the ReportWhat is the growth perspective of the Automotive Refinish CoatingsMarket and the key dynamics and trends governing the market?What are key sustainability strategies adopted by the leading players in the Automotive Refinish CoatingsMarket?What are the new and emerging technologies and use cases disrupting the Automotive Refinish Coatingsindustry?What are the key applications where Automotive Refinish Coatingsplays a significant role?Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-automotive-refinish-coatings-2025-504This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.The following manufacturers are covered in this report:BASFAkzoNobelPPG IndustriesAxalta Coating SystemsSherwin-WilliamsValspar CorporationNippon PaintBerger PaintsKansai PaintKAPCI CoatingsKCC CorporationCabot CorporationColor CommunicationNOROO Paints & CoatingsAlsa RefinishDiamond VogelDonglaiAutomotive Refinish Coatings Breakdown Data by TypeSolvent-borne CoatingsWater-borne CoatingsUV Cured Coatings)Automotive Refinish Coatings Breakdown Data by ApplicationPassenger VehicleLight Commercial VehicleHeavy Commerical VehicleAutomotive Refinish Coatings Production by RegionUnited StatesEuropeChinaJapanOther RegionsAutomotive Refinish Coatings Consumption by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceUKItalyRussiaRest of EuropeCentral & South AmericaBrazilRest of South AmericaMiddle East & AfricaGCC CountriesTurkeyEgyptSouth AfricaRest of Middle East & AfricaThe study objectives are:To analyze and research the global Automotive Refinish Coatings status and future forecast?involving, production, revenue, consumption, historical and forecast.To present the key Automotive Refinish Coatings manufacturers, production, revenue, market share, and recent development.To split the breakdown data by regions, type, manufacturers and applications.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends, drivers, influence factors in global and regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Automotive Refinish Coatings :History Year: 2014 - 2018Base Year: 2018Estimated Year: 2019Forecast Year: 2019 - 2025This report includes the estimation of market size for value (million USD) and volume (K Units).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Refinish Coatings market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.For the data information by region, company, type and application, 2018 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, restraints, current trends of the past and present times, supervisory scenario, and technological growth.
Global Automotive Refinish Coatings Market OverviewThe Global Automotive Refinish Coatings Market report draws accurate insights by examining the latest and prospective industry trends, helping the readers recognize the products and services that are boosting revenue growth and profitability.
The study performs a detailed analysis of all the significant factors impacting the market on a global and regional scale, including drivers, constraints, threats, challenges, prospects, and industry-specific trends.
Additionally, the report cites worldwide certainties and endorsements, along with a downstream and upstream evaluation of leading participants.Market Size – USD 8.39 Billion in 2018, Market Growth - CAGR of 3.8%, Market Trends – Rise of environment friendly coating technologies.Check out the Sample Report here: https://www.reportsanddata.com/sample-enquiry-form/1248The Automotive Refinish Coatings market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years.
This intelligence study also encompasses the revenue share, market size, production capacity, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.Leading Players in the Automotive Refinish Coatings Market: PPG Industries Inc., The Sherwin Williams Company, Axalta Coating systems Ltd., AzkoNobel N.V BASF SE, Convestro AG, Kansai Paints Co. Ltd., Esdee Paint Ltd., KCC Corporation, KAPCI Coating Co. Ltd., NOROO Paint & Coatings Co. Ltd, The Lubrizol Corporation, S.Coat Co., Ltd., Nippon Paint Holding Co. Ltd., and Berger Paints India Ltd., among others.Competitive landscapeThe Automotive Refinish Coatings Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies in order to increase their market share.
The vendors are gradually expanding their focus on product personalization by way of customer interaction.Automotive Refinish Coatings Market segment by Regions/Countries: United States, Europe, China, Japan, Southeast Asia, India, Central & South America.Go For Interesting Discount Here: https://www.reportsanddata.com/discount-enquiry-form/1248For the purpose of this report, Reports and Data have segmented global automotive refinish coatings Market on the basis of resin type, product, technology, substrate, application, and region:Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)EpoxyAlkydPolyurethaneOthersProduct Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)PrimerBasecoatClearcoatActivatorFillerPuttyTechnology Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)Solvent-borne CoatingsWater-borne CoatingsUV-cured CoatingsSubstrate Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)GlassMetalPlasticOtherApplications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)Commercial vehiclesLight Commercial Vehicle (LCV)Heavy Commercial Vehicle (HCV)Passenger vehiclesCompactExecutiveLuxuryTwo-wheeler To buy this report on the Automotive Refinish Coatings market, click here: https://www.reportsanddata.com/checkout-form/1248Points Covered in The Report:The pivotal aspects considered in the Global Automotive Refinish Coatings Market report consist of the leading competitors functioning in the global sector.The report also encompasses company profiles prominently positioned in the global market.The production, sales, corporate strategies, and the technological capabilities of leading manufacturers are also contained within the report.The driving factors for the growth of the Global Automotive Refinish Coatings Market are explained exhaustively, along with an in-depth account of the end-users in the industry.The report also explains critical application areas of the global sector, curating an accurate description of the market to the readers/users.The report undertakes a SWOT analysis of the market.
In the final section, the report features the opinions and views of the industry experts and professionals.
Market Research Report on “Global Automotive Refinish Coatings Market 2018-2025” is provided by Adroit Market Research.
Get Custom Research on Requirement.The global automotive refinish coatings market size is estimated to be worth USD 9.24 billion by 2025.
In terms of volume, the market is projected to expand ~1.3x times from 2017 to 2025.The rise in the number of vehicle fleet across the globe has resulted in driving the growth of the automotive refinishing industry.
Modification of vehicles, a trend prevalent among the youth, has been one of the primary factors augmenting the growth of the global automotive refinish coatings market.Download a PDF Sample of this Global Automotive Refinish Coatings Market Report @ https://www.adroitmarketresearch.com/contacts/request-sample/74Rising number of accidents across the world is also driving the growth of the global automotive refinish coatings market.
Lack of infrastructure and rash driving are some of the factors augmenting the demand for refinishing coatings.
For instance, in July 2014, AkzoNobel introduced a new vehicle refinish clearcoat, which offers superior performance, perfect finish and sustainability.Access the complete Global Automotive Refinish Coatings Market report with TOC & List of Tables @ https://www.adroitmarketresearch.com/industry-reports/automotive-refinish-coatings-marketA deep dive analysis of the global automotive refinish coatings market shows that Asia Pacific accounted for the largest market share, both volume and value exceeding 40% in 2017.
