Automotive Refinish Coatings Market - Forecast(2021 - 2026)

 The total market for Automotive Refinish coatings in was $7.91 billion in 2017 and is estimated grow with CAGR of 4.4% to reach $10 billion during the forecast period 2018 to 2023. The soaring need for timely maintenance and repairing of automotive vehicles to enhance the appearance and durability of vehicle by protecting them from external factors such as temperature and UV radiation is an innate requirement. In order to serve this purpose, automotive refinishing coatings are invented and are frequently used in automotive aftermarkets by end-users. Increasing demand for aesthetic refinish of vehicles across the world, has led to significant innovations in the way automotive refinish coatings work. There are many developments in this context, one among which is the invention of high-tech coating materials that are eco-friendly and at the same time have low solvent content.

What is Automotive Refinish Coatings?

The soaring need for timely maintenance and repairing of automotive vehicles to enhance the appearance and durability of vehicles by protecting them from external factors such as temperature and UV radiation is an innate requirement. In order to serve this purpose, automotive refinishing coatings are invented and are frequently used in automotive after market by end-users. Increasing demand for aesthetic refinish of vehicles across the world, has led to significant innovations in the way automotive refinish coatings work. There are many developments in this context, one among which is the invention of high-tech coating materials that are eco-friendly and at the same time have low solvent content.

What are the major applications of Automotive Refinish Coatings?

The various end users assessed include lightweight vehicles, Commercial Vehicle and others                       

Market Research and Market Trends of Automotive Refinish Coatings

  • Regional consolidation in the distribution channel is a key trend in the market
  • Consolidation in the auto refinish market is creating opportunities among manufacturers, distributors and body shops. Furthermore, this trend is estimated to lead a greater efficiency in the markets. Major companies are expanding their distribution channels to enhance customer’s access to their products and also are creating environments where scale and reliability are maintained to stay competitive in the market.
  • Increasing trend in the formulations of automotive refinish coatings
  • Global concerns towards environmentally friendly coatings is increasing pressure on the automotive refinish coatings manufacturers to produce lower VOC coatings.  Therefore, research and developments efforts have been made to successfully produce high-quality water-borne refinish coatings products. Major companies such as Axalta, PPG, BASF and few others are continuously working hard to produce VOC-free coatings.

Who are the Major Players in Automotive Refinish Coatings Market?

The companies referred in the market research report include PPG Industries, Inc., BASF SE, BYK-GARDNER GMBH, Axalta Coating Systems, RPM International Inc, and others

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2024.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end-use applications, and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 
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