According to the latest report by IMARC Group, titled “Automotive Refinish Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2027”, The global automotive refinish coatings market size reached a value of US$ 9.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2027, exhibiting at a CAGR of 4.5% during 2022-2027
Automotive refinish coatings are used on automobiles for decoration and protection purposes. They are utilized for the regular maintenance and servicing of a car. There are different types of refinish coatings, which include primer, putty, and top and base coat. Refinish coatings are used to enhance the look and durability of the vehicles and protect them from damages due to harsh temperatures and UV radiation.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Trends:
Rapid advancements in the automotive industry are majorly fueling the global automotive refinish coatings market growth. The escalating demand for luxury vehicles, which require regular maintenance and finishing, is further propelling the market growth. Additionally, increasing incidences of road accidents and collisions have resulted in the rising demand for repair and maintenance activities, which is positively affecting the market growth. Other factors, such as the development of environment-friendly refinish coatings, and increasing disposable income of consumers, are creating a positive outlook for the market.
Automotive Refinish Coatings Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
3M CompanyAkzo Nobel N.V.Axalta Coating Systems Ltd.BASF SEClariant AGDupont De Nemours Inc.Kansai Paint Co. Ltd.KCC CorporationNippon Paint Holdings Co. Ltd.PPG Industries Inc.The Sherwin-Williams Company
The report has segmented the market on the basis of resin type, product type, technology, vehicle type and region.
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
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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
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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