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

MARKET INTRODUCTION

Automotive refinish paints is paint utilized on automobiles for both protection and decoration purposes. Water-based acrylic polyurethane enamel paint is the most widely used paint for reasons including reducing paint's environmental impact. It mainly covers the painting of passenger cars, trucks, and other vehicles and of single parts of any vehicles, often after mechanical or coachwork repairing. Vehicle refinishing is primarily carried out by hand, using spray guns.

MARKET DYNAMICS

The refinish paint for automotive market has witnessed a significant growth owing to factors such as wider application in vehicles such as passenger car, lcv, truck, and bus. The growth in the automotive sector has invariably propelled the development of the automotive refinish coatings market. Additionally, the rise in ise number of vehicle collisions further have considerably raised the demand for automotive refinish coatings. Also, the increasing demand for recreational vehicles is anticipated to impel the market's growth additionally. Moreover, growing requirement for customized designs & paints on the vehicles is likely to support the growth. However, stringent government regulations on volatile organic compound (VOC) emissions may hamper the growth of the refinish paint for automotive market. Nevertheless, the development of technologies like UV-cured & waterborne along with the expansion of the used car markets is expected to boost the market in the coming years.

MARKET SCOPE

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

MARKET SEGMENTATION

The global refinish paint for automotive market is segmented on the basis of product type, resin, technology, and vehicle type. On the basis of product type, the refinish paint for automotive market is segmented into clearcoat, basecoat, primer, activator, and others. The refinish paint for automotive market on the basis of the resin is classified into polyurethane, acrylic, epoxy, and others. Based on technology, the refinish paint for automotive market is segmented into solvent-based, water-based, powder, and others. Based on vehicle type, the refinish paint for automotive market is segmented into passenger car, lcv, truck, and bus.

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 refinish paint for automotive market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The refinish paint for automotive 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 refinish paint for automotive market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 refinish paint for automotive market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global refinish paint for automotive market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from refinish paint for automotive market are anticipated to lucrative growth opportunities in the future with the rising demand for refinish paint for automotive in the global market. Below mentioned is the list of few companies engaged in the refinish paint for automotive market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the refinish paint for automotive market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   3M
•   Akzonobel N.V
•   Axalta Coating Systems
•   BASF SE
•   Donglai Coating
•   Kansai Paint
•   KCC
•   Nippon Paint
•   PPG Industries
•   Sherwin-Williams Company

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

Refinish Paint for Automotive Report Scope