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Feb 21, 2019 3:43 PM ET

Automotive Refinish Coatings Market Share, Growth Size, industry Trends Structure and 2023


Automotive Refinish Coatings Market Share, Growth Size, industry Trends Structure and 2023

iCrowd Newswire - Feb 21, 2019

Automotive Refinish Coatings Market Overview:

The constant upgradation in technologies has led to better quality of automotive refinish coatings. Market reports connected with the chemicals and materials industry have been made available by Market Research Future which generates reports on other business verticals that outlines the current market scenarios. The market is poised to achieve revenues totaling USD 10.2 billion while achieving a 5.6% CAGR in the forecast period. The market is further motivated by the rising disposable income levels globally and will create an enhanced impetus for growth in the coming years.

 

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Automotive Refinish Coatings Market Key Players:

The development of the market is considerably boosted by the expansion of the automobile sector globally. The manufacturers in the automotive refinish coatings market are increasing the market share by improving the product offering and introducing new products in the market. BASF SE (Germany), KAPCI Coatings (Egypt), Mitsui Chemicals, Inc. (Japan), PPG Industries, Inc. (US), Nippon Paint (Japan), The Valspar Corporation. (US), Akzo Nobel N.V (The Netherlands), KCC Corporation (South Korea), 3M (US), The Lubrizol Corporation (US), Covestro AG (Germany), The Sherwin-Williams Company (US), Kansai Paint Co., Ltd (Japan), Esdee Paints Limited (India), Axalta Coating Systems, LLC (US), and Berger Paints India Limited (India) are the notable players functioning in the market.

 

Automotive Refinish Coatings Market Segmental Analysis

The segmentation of the automotive refinish market is based on product type, technology, resin, vehicle type, and region. On the basis of product type, the market consists of clearcoat, primer, activator, basecoat, filler, and putty. The technology-based segmentation of the market consists of water-borne coatings, UV-cured coatings, solvent-borne coatings, and powder coatings. The segmentation of the market on the basis of resin comprises of Polyurethane, Alkyd, Acrylic, and Epoxy. Based on vehicle type, the automotive refinish coating comprises of cars, commercial vehicles, and two-wheelers. The regions that are counted in the market are Asia Pacific, Europe, Latin America, Middle East, North America, and Africa.

 

Automotive Refinish Coatings Market Regional Analysis:

The regional analysis of the automotive refinish coatings market covers regions such as Europe, North America, Asia Pacific, Latin America, Middle East, and Africa. The Asia Pacific region is growing due to the rapid industrialization in the region during recent years. Nations such as South Korea, India, China, Japan, and Malaysia are the main contributors to the evolution of this regional market. The market progress is influenced by factors such as rising urbanization, altering lifestyles, growing buying power of the population, and an increasing level of consumer awareness for the maintenance and protection of vehicles.

 

The North American region is progressing due to the contribution of U.S because of the rising demand for passenger cars in the nation. The European region is expanding due to the contribution of countries like Germany, The U.K., Italy, France, and Belgium and also due to the presence of the largest automotive manufacturers in the region. The regional markets in the Middle East, Africa, and Latin America are expected to add noticeably to the progress of the automotive coatings market globally owing to the steadying political and economic conditions and growing industrialization.

 

Automotive Refinish Coatings Market Table of Content:

1 Executive Summary

2 Market Introduction

3 Market Research Methodology

4 Market Dynamics of Global Automotive Refinish Coatings Market

5 Market Factor Analysis of Global Automotive Refinish Coatings Market

 

Automotive Refinish Coatings Market Table of Content to be Continue……,

 

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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