Automotive Refinish Coatings Market Analysis, Size, Share, Growth, Trends and Forecast 2020-2026

Global Automotive Refinish Coatings Market research report utilizes a SWOT analysis as well as Porter’s Five Forces analysis to reveal the strengths, weaknesses, opportunities, and threats. This report is a valuable source of guidance for companies and individuals offering Industry Chain Structure, Business Strategies and Proposals for New Project Investments. The report provides with CAGR value fluctuation during the forecast period of 2018-2025 for the market. Analysis and discussion of important industry trends, market size, market share estimates are mentioned in the report. The report also studies the various inhibitors as well as motivators of the Global Automotive Refinish Coatings Market in both quantitative and qualitative manners in order to provide accurate information to the readers.

Market Analysis: Global Automotive Refinish Coatings Market

Global Automotive Refinish Coatings Market is expected to rise from its initial estimated value of USD 9.75 billion in 2018 to an estimated value of USD 16.07 billion by 2026, registering a CAGR of 6.45% in the forecast period of 2019-2026. This rise of market value can be attributed to the high number of road collisions worldwide and the need for repair & maintenance of these vehicles afterwards.

Key Market Competitors: Global Automotive Refinish Coatings Market

Few of the major competitors currently working in the automotive refinish coatings market are Axalta Coating Systems LLC, BASF SE, PPG Industries Inc., Kansai Paint Co.Ltd., NIPSEA GROUP, Bayer AG, KCC CORPORATION, Akzo Nobel N.V., The Sherwin-Williams Company, Berger Paints India Limited, Cabot Corporation, Clariant, NOROO Paint & Coatings co.Ltd., KAPCI Coatings, Alsa Refinish and The Alsa Corporation, The Dow Chemical Company, Diamond Fleet Coating Systems, The Lubrizol Corporation, and ALTANA.

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This report studies Global Automotive Refinish Coatings Market in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2025.

Conducts Overall Global Automotive Refinish Coatings Market Segmentation: This knowledgeable market research report offers lucrative opportunities by breaking down complex market data into segments on the basis of Global Automotive Refinish Coatings Market, By Resin Type (Acrylic, Alkyd, Polyurethane, Others), Coatings Technology (Waterborne, Solvent-Borne, UV-Cured), Product (Primer, Basecoat, Filler, Topcoat, Others), Vehicle Age (Less than 5 Years, 5-10 Years, More than 10 Years), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026.

Market Definition: Global Automotive Refinish Coatings Market

Automotive refinish coatings can be described as the chemicals that are used for the paint and coatings of older vehicles in the aftermarket. Due to the usage of vehicles, collisions and exposure to environmental aspects, the vehicles begin to lose their aesthetic appeal, and layer of protection to the vehicles, this induces the need for refinish of these vehicles.

Refinish of these vehicles involves the repaint of the vehicle completely from scratch, removing the previous layer of paint and then beginning the process of painting anew.

Market Drivers:

  • High levels of road accidents & collisions, which invokes the need for repair & maintenance of the vehicles is expected to drive the market growth
  • Increase in disposable income and increasing preference of aftermarket modifications of the vehicle is also expected to drive the market growth

Market Restraints:

  • Increase in VOC (volatile organic compounds) emissions during the production and preparation of the substrate surface of the vehicles is expected to restrain the market growth amid concerns and awareness regarding the environment
  • Stringent regulations and revaluation of these regulations amid the emissions associated with these products is also expected to restrain the market growth

Table Of Contents: Global Automotive Refinish Coatings Market

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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Key Developments in the Market:

  • In June 2017, The Sherwin-Williams Company announced the acquisition of The Valspar Corporation, including the company’s market share and product portfolio including the automotive refinish coatings business.
  • In March 2016, Akzo Nobel N.V. announced the introduction of a new UV-cured technology for its vehicle refinish coatings business, as it reduces the power consumption by reducing the drying time of the coatings to around twelve minutes.

Competitive Analysis: Global Automotive Refinish Coatings Market

Global automotive refinish coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive refinish coatings market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Questions Answered in This Report

  • What will the Global Automotive Refinish Coatings Market size be in 2025 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?

Key reason to Purchase the report

  1. To describe and forecast the Global Automotive Refinish Coatings Market, in terms of value, by process, product type, and industry.
  2. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
  3. To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  4. To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the Global Automotive Refinish Coatings Market growth
  5. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various trocars across geographies.
  6. To strategically analyze micro markets with respect to individual growth trends, prospects, and contribution to the overall market

Customization of the Report

  • The report includes the complete segmentation displayed above across all above mentioned countries
  • All products covered in the Global Automotive Refinish Coatings Market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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Key focus of the report

  1. This report provides pin-point analysis for changing competitive dynamics
  2. It provides a forward-looking perspective on different factors driving or restraining market growth
  3. It provides five-year forecast assessed on the basis of how the market is predicted to grow
  4. It helps in understanding the key product segments and their future
  5. It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  6. It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

Opportunities in the Global Automotive Refinish Coatings Market report

1.Comprehensive quantitative analysis of the industry is provided for the period of 2016-2023 to assist stakeholders to capitalize on the prevailing market opportunities.

2.Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.

3.Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across regional.

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