Global Automotive Refinish Coatings Industry Analysis By Product Type, By Technology, By Resin Type, By Vehicle Type, By Distribution Channel & By Geography With COVID-19 Impact | Market Outlook 2017-2030

Market Overview

The automotive refinish coatings segment has been a major growing industry in the automotive paint sector for more than two decades. Paints and coatings specially developed for the automobiles are also the most demanding in terms of excellence and appealing value desired by the end use clients. Global automotive refinish coating sales are growing as a result of expanding vehicle production as well as the “robust” development of the automotive sector in countries such as South Korea, India, Mexico, China and Brazil. Moreover, many companies around the world are devoting significant capital investments in R&D activities for cutting-edge technologies to satisfy to the shifting requirements and development in their product portfolio. Furthermore, business models such as direct-repair facility implemented by insurance companies are levitating the efficiency levels at the work place and growing the work for collision shops. In short, continuous adoption of newer technologies, increasing disposable income and mounting consolidation of used vehicle market are some of the prime factors for automotive refinish coatings market growth.

Goldstein Research analyst forecast global automotive refinish coatings market is likely to thrive with the emergence electric vehicles and growth of automotive industry in developing countries. Further, the automotive refinish coatings market is expected to expand at a CAGR of 6.1% over the forecast period and the major growth regions are likely to be the Middle East and Asia Pacific.

Automotive Refinish Coatings Market Segmentation

By Product Type

• Primer & Filler
• Base coat
• Clear coat
• Activators

By Technology Type

• Solvent Borne Coatings
• Water Borne Coatings
• Others (UV-cured coatings)

By Resin Type

• Polyurethane
• Alkyd
• Acrylic
• Others (Epoxy etc.)

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Two Wheelers

By Distribution Channels

• Automotive OEMs
• Aftermarket

By Geography

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)} Automotive Refinish Coatings Market
• Europe (UK, France, Italy, Germany, Spain, Sweden, Russia, Netherlands, Norway and Rest of Europe) {Market Share (%), Market Size (USD Billion)} Automotive Refinish Coatings Market
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)} Automotive Refinish Coatings Market
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)} Automotive Refinish Coatings Market
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)} Automotive Refinish Coatings Market

Market Share by Product type & by Region

Based on product type, base coats acquired the lion share of more than 33% of automotive refinish coatings market. Further, new automotive manufacturing plants project in Asia Pacific and Middle East region coupled with growing government backed infrastructure development projects will fuel the automotive refinish coatings market to grow at significant pace over the forecast period.

Based on geography, Asia Pacific region dominated the global automotive refinish coatings market with about 32% of total market share and likely to generate major stream of revenue during the forecast period owing to huge automobile sales and manufacturing. On the other hand, Middle East and Africa has showed the fastest growth in past few years and likely to growth at faster pace during the forecast period.

Covered in this Global Automotive Refinish Coatings Market Report    

The report covers the present ground scenario and the future growth prospects of the automotive refinish Coatings for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Global automotive refinish coatings market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Global Automotive Refinish Coatings Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Automotive Refinish Coatings market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Automotive Refinish Coatings Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

COVID-19 impact on "Global Automotive Refinish Coatings Market"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Automotive Refinish Coatings Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

Our Global Automotive Refinish Coatings Market Report comprises of the following companies as the key players.

• Covestro
•  Axalta Coating Systems
•  BASF SE
• Kansai Paint Co. Ltd.
•  NOROO Paint & Coatings
•  Mitsui Chemicals
•  PPG Industries Inc.
• Nippon Paints
•  Sherwin Williams
•  3M Co.
• TCI Powder
•  The Lubrizol and Matrix System Automotive Finishes.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key Questions Answered in this Research Report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for Automotive Refinish Coatings market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the Automotive Refinish Coatings market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects