Global automotive refinish coatings market was estimated at $ 7.9 billion in 2022, is projected to register a CAGR of
The market for automotive refinish coatings has been segmented into resin, technology, layers and region. Based on layers, the market has been segmented into surfacers, sealers, primers, activator or hardener, undercoats, topcoats and others. Activator or hardener sub segment is anticipated to exhibit the highest growth rate during the forecast period on account of growing average age of vehicles as well as the increasing automotive collision rate. Based on resins, global automotive refinish coatings market is segmented into epoxy, acrylic, alkyd, polyurethane, polyester, vinyl and others. Companies offering polyurethane based refinish coatings are undertaking various business development strategies including launching new and innovative products, as well as business expansions which is aiding the growth of polyurethane segment.
Regionally, the market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among regions, Asia-Pacific is anticipated to lead global automotive refinish coatings market, owing to the increasing sales of pre-owned vehicles, increasing cab services and rising number of vehicle repair and body shops in the region.
Some of the key players operating in global automotive refinish coatings market include, Axalta Coatings Systems, PPG Industries Inc., AkzoNobel N.V., BASF SE, Sherwin Williams, KCC Paints, Covestro, Berger Paints, Kansai Paint, Nippon Paint, NOROO Paint, Lubrizol Corporation, S.Coat, Diamond Vogel, among others.
Objective of the Study
- To analyze and forecast global automotive
refinish coatings market size.
- To forecast global automotive
refinish coatings market based on resin, technology, layers and regional
distribution.
- To identify drivers and challenges for global automotive
refinish coatings market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
automotive refinish coatings market.
- To conduct pricing analysis for automotive
refinish coatings market.
- To identify and analyze the profile of leading
players involved in the manufacturing of automotive refinish coatings.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of leading manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the product offerings, distribution channels and presence of all major players operating in global
Market Insights Research calculated global
Key Target Audience
- Automotive
refinish coatings manufacturers and suppliers
- Government
and other regulatory bodies
- Organizations,
forums and alliances related to automotive refinish coatings
- Market
research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 –
2020
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Estimated Year
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2022
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Forecast Period
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2023
– 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units and CAGR for 2017-2021
and 2022E-2027F
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Report coverage
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Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Regional scope
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North
America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States, Mexico, Canada, China, India, Japan, South
Korea, Australia; Indonesia, Germany, France, United Kingdom, Russia, Italy,
South Africa, UAE, Iran, Saudi Arabia, Brazil, Argentina, Colombia
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Key companies profiled
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Axalta
Coatings Systems, PPG Industries Inc., AkzoNobel N.V., BASF SE, Sherwin
Williams, KCC Paints, Covestro, Berger Paints, Kansai Paint, Nippon Paint,
NOROO Paint, Lubrizol Corporation, S.Coat, Diamond Vogel.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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