The global automotive refinish coatings market to grow at a CAGR of 5.95% during the period 2018-2022.
The automotive refinish division has been a main developing sector in the automotive paint industry for more than two years. Coatings and paints developed for automotive industry are most demanding on the basis of aesthetic value & quality required by the customers. Demand and high opportunities for the end user motivates the automotive body shop owners and manufacturers of car to maintain high quality, which avoids defects in paint that will add cost through rework. It is very essential to repair the automotive vehicles continuously to regain the harms caused by peripheral causes such as stones, temperature, extreme accidents and many more.
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Increase in the strict regulations by Government on using VOC (volatile organic compounds) level coats may hinder the solvent-based growth of the market. Nowadays, market is focusing on water-based refinish coatings due to low levels of VOC. Rise in accidents, increasing disposable income and acceptance of new technologies in the emerging market are the main reasons which anticipates in increasing the growth of the global automotive refinish coatings market.
Regional Overview:
Geographically, regions focusing on the development of global automotive refinish coatings market are North America, LAMEA, Europe, China and Asia Pacific. North America holds a substantial share in the global automotive refinish coatings market. Chinese automobile industry is largest across the world on the basis of unit vehicle volume manufacture which increased the demand for automobiles in the domestic market. Even, India expects to witness demand for automobiles industry due to the rising number of manufacturers’ with the support of Government. Therefore, rise in the number of automobile manufactures in countries such as Thailand, India and China is anticipated to boost the value for automotive refinish coatings market globally.
Market Players:
Companies involved in automotive refinish coatings market globally are BASF SE, Axalta Coating Systems, Mitsui Chemicals, Akzo Nobel, PPG Industries, Sherwin Williams and Nippon Paints.
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Some Point from Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
Geographical segmentation
Regional comparison
APAC – Market size and forecast 2017-2022
Americas – Market size and forecast 2017-2022
EMEA – Market size and forecast 2017-2022
Key leading countries
Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 12: MARKET TRENDS
Increasing demand for UV-curable coating and nanocoating
Emergence of self-cleaning and self-healing coatings
Rise in demand for polyurethane-based refinish coatings
PART 13: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 14: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Akzo Nobel
Axalta Coating Systems
BASF0
Nippon Paint Holdings6
PPG Industries0
The Sherwin-Williams Company
PART 15: APPENDIX
List of abbreviations
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