Automotive Refinish Coatings Market Size, Share, and Analysis, By Product Type (Clearcoat, Activator, Primer, and Others), By Technology (UV-Cured Coatings, Solvent borne, Water-borne Coatings and Others), By Resin (Alkyd, Polyurethane, Acrylic, and Epoxy

Automotive Refinish Coatings Market Size, Share, and Analysis, By Product Type (Clearcoat, Activator, Primer, and Others), By Technology (UV-Cured Coatings, Solvent borne, Water-borne Coatings and Others), By Resin (Alkyd, Polyurethane, Acrylic, and Epoxy), By Vehicle Age (Less than 5 Years, 5-10 Years and More than 10 Years), By Vehicle Type (Cars, Two-wheelers, Commercial Vehicles) and Regional Forecasts, 2022-2032

Automotive Refinish Coatings Market Size, Share, and Analysis, By Product Type (Clearcoat, Activator, Primer, and Others), By Technology (UV-Cured Coatings, Solvent borne, Water-borne Coatings and Others), By Resin (Alkyd, Polyurethane, Acrylic, and Epoxy), By Vehicle Age (Less than 5 Years, 5-10 Years and More than 10 Years), By Vehicle Type (Cars, Two-wheelers, Commercial Vehicles) and Regional Forecasts, 2022-2032

PRODUCT OVERVIEW

Automotive Refinish Coatings Market size was USD 10.45 billion in 2021 and projected to grow from USD 11.6 billion in 2023 to USD 18.7 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period.

Automotive refinish coatings are used in automotive shops and repair garages for refinishing the vehicles. The automotive refinish coatings help in improving the appearance and strength of the vehicles along with increasing the demand for recreational vehicles. Automotive refinish coatings covers the painting of vehicles like trucks, cars and other vehicles. It may be done partially or totally as per the necessity for the parts of vehicles, mostly after completing the repair of vehicles. The count of vehicle collisions is increasing on a large scale which can be prevented by elevation using the refinish coatings.

MARKET HIGHLIGHTS

Automotive refinish coatings Market is expected to reach USD 18.7 billion, growing at a CAGR of 5.5% during forecast period. The growing requirement for recreational, repair and maintenance activities of vehicles is expected to boost the growth of the market. The increasing road accidents denote the major necessity of Refinish Coatings, thereby having positive impact on the demand for automotive refinish coatings worldwide. The increasing sales of luxury vehicles due to urbanization and high income is driving the demand for automotive refinish coatings and will boost the market growth.

Automotive Refinish Coatings Market Segments:

• Product Type
• Clearcoat
• Activator
• Primer
• Others
• Technology
• UV-Cured Coatings
• Solvent borne
• Water-borne Coatings
• Others
• Resin
• Alkyd
• Polyurethane
• Acrylic
• Epoxy
• Vehicle Age
• Less than 5 Years
• 5-10 Years
• More than 10 Years
• Vehicle Type
• Cars
• Two-wheelers
• Commercial Vehicles

MARKET DYNAMICS

Growth Drivers

Growing Trend of Vehicle Customization is Expected to Drive the Growth of the Market

The Advancements in Production Technologies is Expected to Drive the Growth of the Market

Restraint

Toxicity Associated with the Refinish Coatings May Hamper the Market Growth

Key Players

• BASF SE
• 3M Company
• Nippon Paint Holdings Co. Ltd.
• Axalta Coating Systems Ltd.
• Akzo Nobel N.V.
• Clariant AG
• Sherwin-Williams Company
• Dupont De Nemours Inc.
• KCC Corporation
• Kansai Paint Co. Ltd.
• PPG Industries Inc.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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