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2020-09-01
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Global
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.
By Product Type
By Technology Type
By Resin Type
By Vehicle Type
By Distribution Channels
By Geography
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.
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.
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.
Our Global Automotive Refinish Coatings Market Report comprises of the following companies as the key players.
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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