Market Size – USD 8.73 billion in 2019, Market Growth – CAGR of 3.7%, Market trends –Growth of environment-friendly coating technologies.
The Global Automotive Refinish Coatings Market is expected to reach USD 11.69 Billion by 2027, according to a new report by Emergen Research. The market for automotive refinish is growing due to the rise in disposable income, change in lifestyle and buying behaviour of the consumers, and the growing demand for luxury vehicles. Automotive refinish coatings are used by market players to address the growing need for maintenance of the vehicle, up-to-date servicing to improve the durability and look of the vehicles by protecting them from any supposed damages and UV radiation.
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Key Market Competitors
The global Automotive Refinish Coatings industry is widely fragmented due to the presence of numerous competitors across several regional and local segments of the market. These players are said to dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies operating in this market are in high competition with one another in terms of technological capabilities, product development and innovation, and product pricing strategies.
Key participants include The Sherwin Williams Company, PPG Industries Inc., Axalta Coating Systems Ltd., BASF SE, AkzoNobel N.V, Kansai Paints Co. Ltd., Matrix System Automotive Finishes, Nippon Paint Holding Co. Ltd., Mitsui Chemicals, and Berger Paints India Ltd., among others.
For the purpose of this report, Emergen Research has segmented the Global Automotive Refinish Coatings Market on the basis of resin product, type, technology, application, substrate, and region:
The Global Automotive Refinish Coatings Market can be geographically bifurcated on the basis of regional demand, output, and estimated revenue share. The most prominent regions dictating the global market include:
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The following are the main reasons to buy the Global Automotive Refinish Coatings Market report:
The report considers the following market growth estimation timeline:
Table of Content
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Key Insights Chapter 4. Automotive Refinish Coatings Market Segmentation & Impact Analysis 4.1. Automotive Refinish Coatings Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Increasing disposable incomes and changing lifestyle 4.2.2.2. Growth of automotive industry 4.2.2.3. Rise of environment friendly coating technologies 4.2.2.4. Increasing demand of UV-curable coating and nanocoatings 4.2.3. Market restraints analysis 4.2.3.1. Volatile costs of raw materials 4.2.3.2. Stringent regulations regarding various VOC-containing products 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
Chapter 5. Automotive Refinish Coatings Market By Resin Type Insights & Trends, Revenue (USD Million) 5.1. Resin Type Dynamics & Market Share, 2019 & 2027 5.1.1. Epoxy 5.1.2. Alkyd 5.1.3. Polyurethane 5.1.4. Others
Chapter 6. Automotive Refinish Coatings Market By Product Insights & Trends Revenue (USD Million) 6.1. Product Dynamics & Market Share, 2019 & 2027 6.1.1. Primer 6.1.2. Basecoat 6.1.3. Clearcoat 6.1.4. Activator 6.1.5. Filler 6.1.6. Putty
CONTINUED…!!
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