Automotive Refinish Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2022 - 2027
The global automotive refinish coatings market is expected to grow at a CAGR of 6 % during the forecast period (2019–2025) and would reach US$15.40 billion by 2027.
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Major Players
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
6
REPORT DESCRIPTION
The Automotive vehicles need to be repaired at a frequency as there are damages caused due to external factors such as stones, damages due to accidents and other reasons. The market witnessed a vast growth in the last 5 to 6 years due to the increase in the number of the vehicle collisions and the inclination of the people to repair them.
The key market players have adopted different strategies to boost the market. Acquisition and expansion are one of the best strategies to boost the market. Asia Pacific is the largest consumer of the Automotive refinish market which accounts for more than 35% of the total consumption.
The global automotive refinish coatings market is expected to grow at a CAGR of 6 % during the forecast period (2019–2025) and would reach US$15.40 billion by 2027..
The major driving factors Automotive Refinish Coating markets are as follows:
• Increasing number of accidents, adoption of newer technologies and rising disposable income in the developing economies.
• Growing demand of recreational vehicles in the developed regions of North America and Europe.
The restraints factors of Automotive Refinish coating market are as follows:
• Government regulations on the utilization of high volatile organic compounds (VOC) level coatings is increasing which may affect the growth of solvent-borne market.
The Automotive Refinish Coating market is segmented based on Product type such as PrimerBasecoat, Clearcoat, Activator, Filler & Putty, Others. The Automotive Refinish Coating market is segmented based on Technology as Solvent-borne Coatings, Water-borne Coatings, UV-cured Coatings. The Automotive Refinish Coating market is segmented based on Resin as Polyurethane, Alkyd, Acrylic, Others.
The Automotive Refinish Coating market geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global Automotive Refinish Coating Market and related technologies.
2) Analyses of global market trends and projections of compound annual growth rates (CAGRs) through 2025.
3) Identifications of new market opportunities and targeted promotional plans for Automotive Refinish Coating Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for various types of Automotive Refinish Coating market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Axalta Coating Systems, BASF SE, Kansai Paint Co. Ltd.,Mitsui Chemicals, PPG Industries, Inc., Nippon Paints, Sherwin Williams, 3M Co. and Matrix System Automotive Finishes. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
Market segmentation of Automotive Refinish Coating Market:
Market by Product Types
• Primer
• Basecoat
• Clearcoat
• Activator
• Filler & Putty
• Others
Market by Technology
1. Solvent-borne Coatings
2. Water-borne Coatings
3. UV-cured Coatings
Market by Resin
• Polyurethane
• Alkyd
• Acrylic
• Others
Market by Geography
• North America
• Europe
• Asia-Pacific
• LAMEA
Reasons to buy this Report:
1) Obtain the most up to date information available on all active and planned Automotive Refinish Coating Market globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Automotive Refinish Coating Market industry and unit capacity data.
4) Assess your competitor’s refining portfolio and its evolution.
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1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Report Assumptions
2.3. Research Methodology
3. Executive Summary
3.1. Global Automotive Refinish Coatings Market Size, By Market Value (US$ Bn) and Market Value Share, By Region
3.2. Top 3 Trends
4. Market Overview
4.1. Product Overview
4.2. Market Indicators
5. Market Dynamics
5.1. Drivers and Restraints Snapshot Analysis
5.2. Drivers
5.3. Restraints
5.4. Opportunity Analysis
5.5. Global Automotive Refinish Coatings Market Analysis and Forecasts, 2018 – 2024
5.6. Porter’s Analysis
5.6.1. Threat of New Entrants
5.6.2. Threat of Substitutes
5.6.3. Degree of Competition
5.6.4. Threat of Suppliers
5.6.5. Threat of Buyers
5.6.6. Degree of Competition
5.7. Value Chain Analysis
6. Automotive Refinish Market Analysis and Forecast, By Product Type
6.1. Primer, 2018 – 2024 (US$ Mn) (Kilo Tons)
6.2. Base Coat, 2018 – 2024(US$ Mn)
6.3. Clear Coat, 2018 – 2024 (US$ Mn
6.4. Activator, 2018 – 2024 (US$ Mn)
6.5. Filler, 2018 – 2024 (US$ Mn)
6.6. Others, 2018 – 2024 (US$ Mn)
6.7. Automotive Refinish Market Attractiveness Analysis By Product Type
6.8. Key Trends
7. Global Automotive Refinish Market Analysis By Technology
7.1. Solvent borne Coatings, 2018 – 2024 (US$ Mn) (Kilo Tons)
7.2. Water borne coatings, 2018 – 2024 (US$ Mn) (Kilo Tons)
7.3. Others, 2018 – 2024 (US$ Mn) (Kilo Tons)
7.4. Automotive Refinish Market Attractiveness Analysis, By Technology Type
7.5. Key Trends
8. Automotive Refinish Market Analysis By Region
8.1. Global Regulatory Scenario
8.2. Global Automotive Refinish Market Value Share Analysis, By Region Type
8.3. North America Automotive Refinish Market Analysis
8.3.1. Key Findings
8.3.2. North America Automotive Refinish Market Overview
8.3.3. North America Market Value Share Analysis, By Product Type
8.3.4. North America Market Forecast By Product Type
8.3.5. North America Market Value Share Analysis, By Technology
8.3.6. North America Market Forecast By Technology Type
8.3.7. North America Market Value Share Analysis, By Country
8.3.8. North America Market Forecast By Country
8.3.9. North America Market Attractiveness Analysis
8.3.10. Market Trends
8.4. Asia Pacific Automotive Refinish Market Analysis
8.4.1. Key Findings
8.4.2. Asia Pacific Automotive Refinish Market Overview
8.4.3. Asia Pacific Market Value Share Analysis, By Product Type
8.4.4. Asia Pacific Market Forecast by Product Type
8.4.5. Asia Pacific Market Value Share Analysis, By Technology
8.4.6. Asia Pacific Market Forecast By Technology Type
8.4.7. Asia Pacific Market Value Share Analysis, By Country
8.4.8. Asia Pacific Market Forecast By Country
8.4.9. Asia Pacific Market Attractiveness Analysis
8.4.10. Market Trends
8.5. Europe Automotive Refinish Market Analysis
8.5.1. Key Findings
8.5.2. Europe Automotive Refinish Market Overview
8.5.3. Europe Market Value Share Analysis, By Product Type
8.5.4. Europe Market Forecast By Product Type
8.5.5. Europe Market Value Share Analysis, By Technology
8.5.6. Europe Market Forecast By Technology Type
8.5.7. Europe Market Value Share Analysis, By Country
8.5.8. Europe Market Forecast By Country
8.5.9. Europe Market Attractiveness Analysis
8.5.10. Market Trends
8.6. Middle East & Africa Automotive Refinish Market Analysis
8.6.1. Key Findings
8.6.2. Middle East & Africa Automotive Refinish Market Overview
8.6.3. Middle East & Africa Market Value Share Analysis, By Product Type
8.6.4. Middle East & Africa Market Forecast By Product Type
8.6.5. Middle East & Africa Market Value Share Analysis, By Technology
8.6.6. Middle East & Africa Market Forecast by Technology Type
8.6.7. Middle East & Africa Market Value Share Analysis, By Country
8.6.8. Middle East & Africa Market Forecast By Country
8.6.9. Middle East & Africa Market Attractiveness Analysis
8.6.10. Market Trends
8.7. Latin America Automotive Refinish Market Analysis
8.7.1. Key Findings
8.7.2. Latin America Automotive Refinish Market Overview
8.7.3. Latin America Market Value Share Analysis, By Product Type
8.7.4. Latin America Market Forecast By Product Type
8.7.5. Latin America Market Value Share Analysis, By Technology
8.7.6. Latin America Market Forecast By Technology Type
8.7.7. Latin America Market Value Share Analysis, By Country
8.7.8. Latin America Market Forecast By Country
8.7.9. Latin America Market Attractiveness Analysis
8.7.10. Market Trends
9. Competition Landscape
9.1. Automotive Refinish Market Share Analysis By Company
9.2. Akzo Nobel N.V
9.3. BASF SE
9.4. Axalta Coating Systems
9.5. Donglai Coating Technology
9.6. 3M
9.7. KANSAI PAINT CO.,LTD
9.8. PPG Industries
9.9. Nippon Paint Holdings Co. Ltd
9.10. The Valspar Corporation
9.11. The Sherwin-Williams Company.
10. Company Profiles
10.1. Akzo Nobel N.V
10.1.1. Company Description
10.1.2. Business Overview
10.1.3. SWOT Analysis
10.1.4. Financial Details
10.1.5. Strategic Overview
10.2. BASF SE
10.2.1. Company Description
10.2.2. Business Overview
10.2.3. SWOT Analysis
10.2.4. Financial Details
10.2.5. Strategic Overview
10.3. Axalta Coating Systems
10.3.1. Company Description
10.3.2. Business Overview
10.3.3. SWOT Analysis
10.3.4. Financial Details
10.3.5. Strategic Overview
10.4. Donglai Coating Technology
10.4.1. Company Description
10.4.2. Business Overview
10.5. 3M
10.5.1. Company Description
10.5.2. Business Overview
10.5.3. SWOT Analysis
10.5.4. Financial Details
10.5.5. Strategic Overview
10.6. KANSAI PAINT CO.,LTD
10.6.1. Company Description
10.6.2. Business Overview
10.6.3. SWOT Analysis
10.6.4. Financial Details
10.6.5. Strategic Overview
10.7. PPG Industries
10.7.1. Company Description
10.7.2. Business Overview
10.7.3. SWOT Analysis
10.7.4. Financial Details
10.7.5. Strategic Overview
10.8. Nippon Paint Holdings Co. Ltd
10.8.1. Company Description
10.8.2. Business Overview
10.9. The Valspar Corporation
10.9.1. Company Description
10.9.2. Business Overview
10.9.3. SWOT Analysis
10.9.4. Financial Details
10.9.5. Strategic Overview
10.10. The Sherwin-Williams Company.
10.10.1. Company Description
10.10.2. Business Overview
10.10.3. SWOT Analysis
10.10.4. Financial Details
10.10.5. Strategic Overview
Market segmentation of Automotive Refinish Coating Market:
Market by Product Types
• Primer
• Basecoat
• Clearcoat
• Activator
• Filler & Putty
• Others
Market by Technology
1. Solvent-borne Coatings
2. Water-borne Coatings
3. UV-cured Coatings
Market by Resin
• Polyurethane
• Alkyd
• Acrylic
• Others
Market by Geography
• North America
• Europe
• Asia-Pacific
• LAMEA
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