Automotive refinish are a functional coating formulated to be used on damaged surfaces of automotive exteriors in order to restore them, realizing the same feeling of color as that of new vehicles.
The global automotive refinish market size was USD 2.2 billion in 2016 and increasing automotive refinish demand in light of rising road collisions and aftermarket modifications will fuel market growth. Growing consumption of refinish coatings in automotive maintenance, repair, and aftermarket painting on account of excellent visual appearance, surface protection, resistance to corrosion, extreme weather, temperature, heat and water is expected to promote industry expansion.
Solvent borne technology accounted for 51% of the global Revenue share in 2016 and is expected to witness slow growth owing to stringent regulations on VOC emission levels. However, improvements in technologies and innovations have led to the development of high solid formulations. High solid formulations are widely used owing to high-quality finish and reduced emissions, which in turn will augment solvent borne coatings industry size over the forecast period.
The industry is extremely competitive in nature with the key players involved in R&D and continuous product innovation. PPG Industries, Sherwin-Williams (Valspar), Axalta Coating Systems, Akzo Nobel, BASF were the major players and accounted for over 85% of the overall market share in 2016.
Global Automotive Refinish market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive Refinish.
This industry study presents the global Automotive Refinish market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automotive Refinish production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Refinish in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders PPG Industries, Sherwin-Williams (Valspar), etc.
The following manufacturers are covered in this report:
PPG Industries
Sherwin-Williams (Valspar)
Axalta Coating Systems
Akzo Nobel
BASF
Automotive Refinish Breakdown Data by Type
Solvent Borne
Water Borne
Others
Automotive Refinish Breakdown Data by Application
Passenger Vehicle
Commercial Vehicle
Automotive Refinish Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Automotive Refinish Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Automotive Refinish status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Automotive Refinish manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Automotive Refinish :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Refinish market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Automotive Refinish . Industry analysis & Market Report on Automotive Refinish is a syndicated market report, published as Global Automotive Refinish Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Automotive Refinish market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.