Automotive Refinish Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Automotive Refinish Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • December 2020 •
  • 142 pages •
  • Report ID: 5997543 •
  • Format: PDF
The global automotive refinish coatings market grew at a CAGR of around 6% during 2014-2019.

Automotive refinish coatings refer to polyurethane, acrylics or alkyd-based coatings used by vehicle body shops and repair centers. These coatings are applied to new/old passenger and commercial vehicles to cover up the damages on the body caused by extreme temperatures, accidents and impact from stones. Some of the commonly used refinish coatings include primer, filler, topcoat, basecoat and activator or hardener coatings. They are either solvent-borne, water-borne or ultraviolet (UV) cured. Among these, water-borne coatings have lower levels of volatile organic compounds (VOCs) than solvent-borne variants, thereby making them highly effective for all automobiles.

The growing automotive industry across the globe represents one of the key factors creating a positive outlook for the market. Furthermore, the increasing number of road accidents and collisions has resulted in the rising requirement for repair and maintenance activities, thereby stimulating the market growth. In line with this, there is a shift in consumer preference toward customized aftermarket modifications of the vehicles. Automotive refining coatings offer improved aesthetic appeal, surface protection and resistance to heat, temperature and corrosion. Additionally, various product innovations, such as the development of environment-friendly refinish coatings, are acting as other growth-inducing factors. These coatings are manufactured using organic chemicals and have a custom color, faster cure time and minimal VOC emissions. Other factors, including the rising expenditure capacities of consumers, along with the growing demand for recreational vehicles, are anticipated to drive the market further. Looking forward, the analyst expects the global automotive refinish coatings market to continue its moderate growth during the next five years.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global automotive refinish coatings market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, resin type, product type, technology and vehicle type.

Breakup by Resin Type:
Polyurethanes
Alkyd
Acrylic
Others

Breakup by Product Type:
Primer
Basecoat
Activator
Filler
Topcoat
Others

Breakup by Technology:
Solvent-borne
Water-borne
UV-cured

Breakup by Vehicle Type:
Passenger Cars
Commercial Vehicles
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 3M Company, Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF SE, Clariant AG, Dupont De Nemours Inc., Kansai Paint Co. Ltd., KCC Corporation, Nippon Paint Holdings Co. Ltd., PPG Industries Inc. and The Sherwin-Williams Company.

Key Questions Answered in This Report:
How has the global automotive refinish coatings market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global automotive refinish coatings market?
What are the key regional markets?
What is the breakup of the market based on the resin type?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the vehicle type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global automotive refinish coatings market and who are the key players?
What is the degree of competition in the industry?