Automotive Refinish Coatings Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Polyurethane, acrylic, and alkyd-based coatings are utilised in automobile body shops and repair facilities as automotive refinish coatings. These coatings are used to protect the bodies of new and older passenger and commercial cars from damage caused by excessive temperatures, accidents, and stone impact. Primer, filler, topcoat, basecoat, and activator or hardener coatings are some of the most often used refinish coatings. They can be cured using solvents, water, or ultraviolet light (UV).

MARKET DYNAMICS

The growth of the automobile industry has invariably fueled the demand for automotive refinish coatings. One of the primary reasons contributing to the market's favourable outlook is the global growth of the automobile industry. Furthermore, an increase in the frequency of road accidents and incidents has increased the demand for repair and maintenance services, boosting market growth. As a result, there is a movement in consumer preference for bespoke aftermarket automobile modifications. Surface protection, heat, temperature, and corrosion resistance are all advantages of automotive refining coatings.

MARKET SCOPE

The "Global Automotive Refinish Coatings Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the automotive refinish coatings market with detailed market segmentation by resin, technology and product type. The global automotive refinish coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive refinish coatings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global automotive refinish coatings market is segmented into resin, technology and product type. By resin, the automotive refinish coatings market is classified into polyurethane, alkyd, acrylic, epoxy, others. By product, the automotive refinish coatings market is classified into solvent-borne, water-borne, and UV-cured. By product type, the automotive refinish coatings market is classified into Clear coat, Primer, Activator, Others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global automotive refinish coatings market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The automotive refinish coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the automotive refinish coatings market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the automotive refinish coatings market in these regions.

MARKET PLAYERS

The report covers vital developments in the automotive refinish coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the automotive refinish coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive refinish coatings in the global market. Below mentioned is the list of few companies engaged in the automotive refinish coatings market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive refinish coatings market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   KCC Corporation
  
•   BASF SE
  
•   Mitsui Chemicals, Inc.
  
•   PPG Industries, Inc.
  
•   Nippon Paint (India) Private Limited.
  
•   KAPCI Coatings
  
•   The Valspar Corporation.
  
•   The Sherwin-Williams Company
  
•   3M
  
•   Akzo Nobel N.V
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Automotive Refinish Coatings Report Scope