Refinish Paint for Automotive Market Updates by 2031
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.
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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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Refinish Paint For Automotive Market - By Product Type
1.3.2 Refinish Paint For Automotive Market - By Technology
1.3.3 Refinish Paint For Automotive Market - By Resin
1.3.4 Refinish Paint For Automotive Market - By Vehicle Type
1.3.5 Refinish Paint For Automotive Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. REFINISH PAINT FOR AUTOMOTIVE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. REFINISH PAINT FOR AUTOMOTIVE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. REFINISH PAINT FOR AUTOMOTIVE MARKET - GLOBAL MARKET ANALYSIS
6.1. REFINISH PAINT FOR AUTOMOTIVE - GLOBAL MARKET OVERVIEW
6.2. REFINISH PAINT FOR AUTOMOTIVE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. REFINISH PAINT FOR AUTOMOTIVE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CLEARCOAT
7.3.1. Overview
7.3.2. Clearcoat Market Forecast and Analysis
7.4. BASECOAT
7.4.1. Overview
7.4.2. Basecoat Market Forecast and Analysis
7.5. PRIMER
7.5.1. Overview
7.5.2. Primer Market Forecast and Analysis
7.6. ACTIVATOR
7.6.1. Overview
7.6.2. Activator Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. REFINISH PAINT FOR AUTOMOTIVE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. SOLVENT-BASED
8.3.1. Overview
8.3.2. Solvent-based Market Forecast and Analysis
8.4. WATER-BASED
8.4.1. Overview
8.4.2. Water-based Market Forecast and Analysis
8.5. POWDER
8.5.1. Overview
8.5.2. Powder Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. REFINISH PAINT FOR AUTOMOTIVE MARKET - REVENUE AND FORECASTS TO 2028 - RESIN
9.1. OVERVIEW
9.2. RESIN MARKET FORECASTS AND ANALYSIS
9.3. POLYURETHANE
9.3.1. Overview
9.3.2. Polyurethane Market Forecast and Analysis
9.4. ACRYLIC
9.4.1. Overview
9.4.2. Acrylic Market Forecast and Analysis
9.5. EPOXY
9.5.1. Overview
9.5.2. Epoxy Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. REFINISH PAINT FOR AUTOMOTIVE MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
10.1. OVERVIEW
10.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
10.3. PASSENGER CAR
10.3.1. Overview
10.3.2. Passenger Car Market Forecast and Analysis
10.4. LCV
10.4.1. Overview
10.4.2. LCV Market Forecast and Analysis
10.5. TRUCK
10.5.1. Overview
10.5.2. Truck Market Forecast and Analysis
10.6. BUS
10.6.1. Overview
10.6.2. Bus Market Forecast and Analysis
11. REFINISH PAINT FOR AUTOMOTIVE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Refinish Paint For Automotive Market Overview
11.1.2 North America Refinish Paint For Automotive Market Forecasts and Analysis
11.1.3 North America Refinish Paint For Automotive Market Forecasts and Analysis - By Product Type
11.1.4 North America Refinish Paint For Automotive Market Forecasts and Analysis - By Technology
11.1.5 North America Refinish Paint For Automotive Market Forecasts and Analysis - By Resin
11.1.6 North America Refinish Paint For Automotive Market Forecasts and Analysis - By Vehicle Type
11.1.7 North America Refinish Paint For Automotive Market Forecasts and Analysis - By Countries
11.1.7.1 United States Refinish Paint For Automotive Market
11.1.7.1.1 United States Refinish Paint For Automotive Market by Product Type
11.1.7.1.2 United States Refinish Paint For Automotive Market by Technology
11.1.7.1.3 United States Refinish Paint For Automotive Market by Resin
11.1.7.1.4 United States Refinish Paint For Automotive Market by Vehicle Type
11.1.7.2 Canada Refinish Paint For Automotive Market
11.1.7.2.1 Canada Refinish Paint For Automotive Market by Product Type
11.1.7.2.2 Canada Refinish Paint For Automotive Market by Technology
11.1.7.2.3 Canada Refinish Paint For Automotive Market by Resin
11.1.7.2.4 Canada Refinish Paint For Automotive Market by Vehicle Type
11.1.7.3 Mexico Refinish Paint For Automotive Market
11.1.7.3.1 Mexico Refinish Paint For Automotive Market by Product Type
11.1.7.3.2 Mexico Refinish Paint For Automotive Market by Technology
11.1.7.3.3 Mexico Refinish Paint For Automotive Market by Resin
11.1.7.3.4 Mexico Refinish Paint For Automotive Market by Vehicle Type
11.2. EUROPE
11.2.1 Europe Refinish Paint For Automotive Market Overview
11.2.2 Europe Refinish Paint For Automotive Market Forecasts and Analysis
11.2.3 Europe Refinish Paint For Automotive Market Forecasts and Analysis - By Product Type
11.2.4 Europe Refinish Paint For Automotive Market Forecasts and Analysis - By Technology
11.2.5 Europe Refinish Paint For Automotive Market Forecasts and Analysis - By Resin
11.2.6 Europe Refinish Paint For Automotive Market Forecasts and Analysis - By Vehicle Type
11.2.7 Europe Refinish Paint For Automotive Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Refinish Paint For Automotive Market
11.2.7.1.1 Germany Refinish Paint For Automotive Market by Product Type
11.2.7.1.2 Germany Refinish Paint For Automotive Market by Technology
11.2.7.1.3 Germany Refinish Paint For Automotive Market by Resin
11.2.7.1.4 Germany Refinish Paint For Automotive Market by Vehicle Type
11.2.7.2 France Refinish Paint For Automotive Market
11.2.7.2.1 France Refinish Paint For Automotive Market by Product Type
11.2.7.2.2 France Refinish Paint For Automotive Market by Technology
11.2.7.2.3 France Refinish Paint For Automotive Market by Resin
11.2.7.2.4 France Refinish Paint For Automotive Market by Vehicle Type
11.2.7.3 Italy Refinish Paint For Automotive Market
11.2.7.3.1 Italy Refinish Paint For Automotive Market by Product Type
11.2.7.3.2 Italy Refinish Paint For Automotive Market by Technology
11.2.7.3.3 Italy Refinish Paint For Automotive Market by Resin
11.2.7.3.4 Italy Refinish Paint For Automotive Market by Vehicle Type
11.2.7.4 United Kingdom Refinish Paint For Automotive Market
11.2.7.4.1 United Kingdom Refinish Paint For Automotive Market by Product Type
11.2.7.4.2 United Kingdom Refinish Paint For Automotive Market by Technology
11.2.7.4.3 United Kingdom Refinish Paint For Automotive Market by Resin
11.2.7.4.4 United Kingdom Refinish Paint For Automotive Market by Vehicle Type
11.2.7.5 Russia Refinish Paint For Automotive Market
11.2.7.5.1 Russia Refinish Paint For Automotive Market by Product Type
11.2.7.5.2 Russia Refinish Paint For Automotive Market by Technology
11.2.7.5.3 Russia Refinish Paint For Automotive Market by Resin
11.2.7.5.4 Russia Refinish Paint For Automotive Market by Vehicle Type
11.2.7.6 Rest of Europe Refinish Paint For Automotive Market
11.2.7.6.1 Rest of Europe Refinish Paint For Automotive Market by Product Type
11.2.7.6.2 Rest of Europe Refinish Paint For Automotive Market by Technology
11.2.7.6.3 Rest of Europe Refinish Paint For Automotive Market by Resin
11.2.7.6.4 Rest of Europe Refinish Paint For Automotive Market by Vehicle Type
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Refinish Paint For Automotive Market Overview
11.3.2 Asia-Pacific Refinish Paint For Automotive Market Forecasts and Analysis
11.3.3 Asia-Pacific Refinish Paint For Automotive Market Forecasts and Analysis - By Product Type
11.3.4 Asia-Pacific Refinish Paint For Automotive Market Forecasts and Analysis - By Technology
11.3.5 Asia-Pacific Refinish Paint For Automotive Market Forecasts and Analysis - By Resin
11.3.6 Asia-Pacific Refinish Paint For Automotive Market Forecasts and Analysis - By Vehicle Type
11.3.7 Asia-Pacific Refinish Paint For Automotive Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Refinish Paint For Automotive Market
11.3.7.1.1 Australia Refinish Paint For Automotive Market by Product Type
11.3.7.1.2 Australia Refinish Paint For Automotive Market by Technology
11.3.7.1.3 Australia Refinish Paint For Automotive Market by Resin
11.3.7.1.4 Australia Refinish Paint For Automotive Market by Vehicle Type
11.3.7.2 China Refinish Paint For Automotive Market
11.3.7.2.1 China Refinish Paint For Automotive Market by Product Type
11.3.7.2.2 China Refinish Paint For Automotive Market by Technology
11.3.7.2.3 China Refinish Paint For Automotive Market by Resin
11.3.7.2.4 China Refinish Paint For Automotive Market by Vehicle Type
11.3.7.3 India Refinish Paint For Automotive Market
11.3.7.3.1 India Refinish Paint For Automotive Market by Product Type
11.3.7.3.2 India Refinish Paint For Automotive Market by Technology
11.3.7.3.3 India Refinish Paint For Automotive Market by Resin
11.3.7.3.4 India Refinish Paint For Automotive Market by Vehicle Type
11.3.7.4 Japan Refinish Paint For Automotive Market
11.3.7.4.1 Japan Refinish Paint For Automotive Market by Product Type
11.3.7.4.2 Japan Refinish Paint For Automotive Market by Technology
11.3.7.4.3 Japan Refinish Paint For Automotive Market by Resin
11.3.7.4.4 Japan Refinish Paint For Automotive Market by Vehicle Type
11.3.7.5 South Korea Refinish Paint For Automotive Market
11.3.7.5.1 South Korea Refinish Paint For Automotive Market by Product Type
11.3.7.5.2 South Korea Refinish Paint For Automotive Market by Technology
11.3.7.5.3 South Korea Refinish Paint For Automotive Market by Resin
11.3.7.5.4 South Korea Refinish Paint For Automotive Market by Vehicle Type
11.3.7.6 Rest of Asia-Pacific Refinish Paint For Automotive Market
11.3.7.6.1 Rest of Asia-Pacific Refinish Paint For Automotive Market by Product Type
11.3.7.6.2 Rest of Asia-Pacific Refinish Paint For Automotive Market by Technology
11.3.7.6.3 Rest of Asia-Pacific Refinish Paint For Automotive Market by Resin
11.3.7.6.4 Rest of Asia-Pacific Refinish Paint For Automotive Market by Vehicle Type
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Refinish Paint For Automotive Market Overview
11.4.2 Middle East and Africa Refinish Paint For Automotive Market Forecasts and Analysis
11.4.3 Middle East and Africa Refinish Paint For Automotive Market Forecasts and Analysis - By Product Type
11.4.4 Middle East and Africa Refinish Paint For Automotive Market Forecasts and Analysis - By Technology
11.4.5 Middle East and Africa Refinish Paint For Automotive Market Forecasts and Analysis - By Resin
11.4.6 Middle East and Africa Refinish Paint For Automotive Market Forecasts and Analysis - By Vehicle Type
11.4.7 Middle East and Africa Refinish Paint For Automotive Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Refinish Paint For Automotive Market
11.4.7.1.1 South Africa Refinish Paint For Automotive Market by Product Type
11.4.7.1.2 South Africa Refinish Paint For Automotive Market by Technology
11.4.7.1.3 South Africa Refinish Paint For Automotive Market by Resin
11.4.7.1.4 South Africa Refinish Paint For Automotive Market by Vehicle Type
11.4.7.2 Saudi Arabia Refinish Paint For Automotive Market
11.4.7.2.1 Saudi Arabia Refinish Paint For Automotive Market by Product Type
11.4.7.2.2 Saudi Arabia Refinish Paint For Automotive Market by Technology
11.4.7.2.3 Saudi Arabia Refinish Paint For Automotive Market by Resin
11.4.7.2.4 Saudi Arabia Refinish Paint For Automotive Market by Vehicle Type
11.4.7.3 U.A.E Refinish Paint For Automotive Market
11.4.7.3.1 U.A.E Refinish Paint For Automotive Market by Product Type
11.4.7.3.2 U.A.E Refinish Paint For Automotive Market by Technology
11.4.7.3.3 U.A.E Refinish Paint For Automotive Market by Resin
11.4.7.3.4 U.A.E Refinish Paint For Automotive Market by Vehicle Type
11.4.7.4 Rest of Middle East and Africa Refinish Paint For Automotive Market
11.4.7.4.1 Rest of Middle East and Africa Refinish Paint For Automotive Market by Product Type
11.4.7.4.2 Rest of Middle East and Africa Refinish Paint For Automotive Market by Technology
11.4.7.4.3 Rest of Middle East and Africa Refinish Paint For Automotive Market by Resin
11.4.7.4.4 Rest of Middle East and Africa Refinish Paint For Automotive Market by Vehicle Type
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Refinish Paint For Automotive Market Overview
11.5.2 South and Central America Refinish Paint For Automotive Market Forecasts and Analysis
11.5.3 South and Central America Refinish Paint For Automotive Market Forecasts and Analysis - By Product Type
11.5.4 South and Central America Refinish Paint For Automotive Market Forecasts and Analysis - By Technology
11.5.5 South and Central America Refinish Paint For Automotive Market Forecasts and Analysis - By Resin
11.5.6 South and Central America Refinish Paint For Automotive Market Forecasts and Analysis - By Vehicle Type
11.5.7 South and Central America Refinish Paint For Automotive Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Refinish Paint For Automotive Market
11.5.7.1.1 Brazil Refinish Paint For Automotive Market by Product Type
11.5.7.1.2 Brazil Refinish Paint For Automotive Market by Technology
11.5.7.1.3 Brazil Refinish Paint For Automotive Market by Resin
11.5.7.1.4 Brazil Refinish Paint For Automotive Market by Vehicle Type
11.5.7.2 Argentina Refinish Paint For Automotive Market
11.5.7.2.1 Argentina Refinish Paint For Automotive Market by Product Type
11.5.7.2.2 Argentina Refinish Paint For Automotive Market by Technology
11.5.7.2.3 Argentina Refinish Paint For Automotive Market by Resin
11.5.7.2.4 Argentina Refinish Paint For Automotive Market by Vehicle Type
11.5.7.3 Rest of South and Central America Refinish Paint For Automotive Market
11.5.7.3.1 Rest of South and Central America Refinish Paint For Automotive Market by Product Type
11.5.7.3.2 Rest of South and Central America Refinish Paint For Automotive Market by Technology
11.5.7.3.3 Rest of South and Central America Refinish Paint For Automotive Market by Resin
11.5.7.3.4 Rest of South and Central America Refinish Paint For Automotive Market by Vehicle Type
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. REFINISH PAINT FOR AUTOMOTIVE MARKET, KEY COMPANY PROFILES
13.1. 3M
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AKZONOBEL N.V
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. AXALTA COATING SYSTEMS
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BASF SE
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. DONGLAI COATING
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. KANSAI PAINT
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. KCC
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. NIPPON PAINT
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. PPG INDUSTRIES
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. THE SHERWIN-WILLIAMS COMPANY
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. 3M
2. Akzonobel N.V
3. Axalta Coating Systems
4. BASF SE
5. Donglai Coating
6. Kansai Paint
7. KCC
8. Nippon Paint
9. PPG Industries
10. The Sherwin-Williams Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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