Automotive Refinish Coatings Market By Product Type (Primer, Base coat, Top coat, Clear coat); By Material Type (Polyurethanes, Acrylics, Alkyd); By Technology (Solvent Borne, Water Borne, UV Cure); By Vehicle Type (Passenger Cars, Commercial Vehicles, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Automotive Refinish Coatings Market Overview and Definition
The global automotive refinish coatings market size is projected to be valued at USD 8.5 billion in 2023 and is expected to rise to USD 12.1 billion by 2032, at a CAGR of 6.5% during the forecast period 2022-2032. Automotive refinish coatings are specialized paint products used for repairing and refinishing vehicles. They are designed to provide a high-quality finish that matches the original color and texture of the vehicle's paint. These coatings are used by auto body shops and repair centers to repair damage caused by collisions, scratches, and other types of wear and tear. The global automotive refinish coatings market is driven by the increasing demand for vehicle repairs and maintenance, as well as the growth of the automotive industry.
The market research report demonstrates market dynamics including growth drivers, barriers and opportunities and trends spearheading current nature and future status of this market. The report is supplemented with various indicators which are believed to propel the growth of the market during the forecast period.
In Addition, Porter’s Five Forces analysis demonstrates the five forces i.e. buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in Automotive Refinish Coatings market. The report also offers value chain analysis for the Automotive Refinish Coatings market.
Global Automotive Refinish Coatings Market Size & Forecast
The report reviews the preliminary estimates for 2020 and forecasts for growth in Automotive Refinish Coatings demand for 2022-2032. It analyses the market by geographies i.e. North America, Europe, Asia Pacific, Latin America & Middle East & Africa. Further, the geographies are fragmented into country and regional groupings:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report segments the market based on By Product Type into…
- Primer
- Base coat
- Top coat
- Clear coat
Further, the market has been also segmented By Material Type into…
- Polyurethanes
- Acrylics
- Alkyd
Further, the market has been also segmented By Technology into…
- Solvent Borne
- Water Borne
- UV Cure
Further, the market has been also segmented By Vehicle Type into…
- Passenger Cars
- - - Compact
- - - Midsize
- - - Executive
- - - Luxury
- Commercial Vehicles
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Further, the market has been also segmented By End-Use into…
- OEM
- Aftermarket
Along with figures and tables, a market attractiveness and BPS analysis has been provided for every segment in the report.
Global Automotive Refinish Coatings Market Competitive Landscape
The report also highlights the competitive landscape of the global Automotive Refinish Coatings market, positioning of all the major players in industry. Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The research study includes profiles of leading companies operating in the global Automotive Refinish Coatings Market.
Automotive Refinish Coatings Market Key Players
- 3M
- Kazoo Nobel N.V.
- Axalta Coating Systems
- PPG Industries
- The Sherwin Williams Company
- The Dow Chemical Company
- HMG Paints Limited
- Covestro AG
- DSM
- Nippon Paint Holdings Co., Ltd
- U.S. Paint Corporation
- Samhwa Paints Industrial Co., Ltd
- Novol Sp. Z.o.o.
- Other Major & Niche Key Players
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- Publication date: 28th January 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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