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.
Strict regulations regarding the products which contain VOC is hindering the market growth. The usage of VOC-containing products releases VOCs resulting to smog and air pollution. To enhance air quality, governments of many countries have implemented a series of control measures.
Emergen Research has recently added a new informative report titled ‘Global Automotive Refinish Coatings Market Forecasts to 2027’ to its ever-expanding repository. The report covers all the essential features of the Automotive Refinish Coatings market, with key statistical data represented in the form of tables, charts, diagrams, figures, and graphs. The report strives to offer a better understanding of the market to the reader and provide beneficial insights to the established companies. The report presents a bird’s eye view of the Automotive Refinish Coatings industry with a special focus on technological developments, expansion strategies of the prominent players, and current and emerging growth trends of the market.
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Key Highlights From The Report
- Clear coats, offer protection to the paint on vehicles from sun, dust, or water, hold the largest share of the market in 2019. The segment is expected to have a growth rate of 3.9% during the forecast period.
- Metal substrates held the largest share in 2019 and are expected to lead the segment throughout the forecast period with a significant CAGR since metal surfaces are prone to suffer from corrosion.
- The passenger vehicles segment dominated the market with 40.3% of the share in 2019, in terms of revenue. The demand is expected to increase because of high disposable incomes, substantially changing buying behaviour, and demand for luxury cars.
- The Asia Pacific region, mainly China, Japan, and India, has witnessed the expansion of its automotive industry owing to the high demand for commercial and passenger vehicles, increased population and congestion, which, in turn, has led to the growth of the market in the region.
- 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.
It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
- Resin Type Outlook (Revenue, USD Billion; 2017-2027)
- Product Outlook (Revenue, USD Billion; 2017-2027)
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Solvent-borne Coatings
- Water-borne Coatings
- UV-cured Coatings
- Substrate Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Commercial vehicles
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- Passenger vehicles
- Commercial vehicles
The Automotive Refinish Coatings market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
Geographical Terrain of the Global Automotive Refinish Coatings Market:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, France, the U.K, Russia, and Italy)
- Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
- Latin America (Brazil, Argentina, Colombia, etc.)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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Global Automotive Refinish Coatings Market Report – Table of Contents:
- Report Overview
- 1 Research Scope
- 2 Key Sensor Fusion market segments
- 3 Target players
- 4 Market analysis by type
- 5 Market analysis by application
- 6 Key learning objectives
- 7 Report timeline
- Global Growth Trends
- 1 Global Sensor Fusion market size
- 2 Latest trends of the Sensor Fusion market by region
- 3 Key corporate trends
- Global Sensor Fusion Market share by key players
- 1 Global Sensor Fusion Market size by manufacturers
- 2 Global Sensor Fusion Market key players
- 3 Products/solutions/services of major players
- 4 New entrants in the Sensor Fusion market
- 5 Mergers, acquisitions, joint ventures, and expansion plans
- Global Sensor Fusion Market by product type
- 1 Global Sensor Fusion Sales by Product
- 2 Global Sensor Fusion by Product Revenue
Reasons to choose Emergen Research
- Regional Demand Forecasts and Forecasts
- Product price volatility
- Technology update analysis
- Location index analysis
- Raw material procurement strategy
- Competitiveness analysis
- Product composition matrix
- Vendor management
- Cost-effectiveness analysis
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