According to the latest report by IMARC Group, titled “Automotive Refinish Coatings Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026,” the global automotive refinish coatings market market reached a value of US$ 9.4 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026
Automotive refinish coatings are used on automobiles for decoration and protection purposes. They are utilized for the regular maintenance and servicing of a car. There are different types of refinish coatings, which include primer, putty, and top and base coat. Refinish coatings are used to enhance the look and durability of the vehicles and protect them from damages due to harsh temperatures and UV radiation.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Automotive Refinish Coatings Market Trends
Rapid advancements in the automotive industry are majorly fueling the global automotive refinish coatings market growth. The escalating demand for luxury vehicles, which require regular maintenance and finishing, is further propelling the market growth. Additionally, increasing incidences of road accidents and collisions have resulted in the rising demand for repair and maintenance activities, which is positively affecting the market growth. Other factors, such as the development of environment-friendly refinish coatings, and increasing disposable income of consumers, are creating a positive outlook for the market.
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Global Automotive Refinish Coatings Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
3M Company, Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF SE, Clariant AG, Dupont De Nemours Inc., Kansai Paint Co. Ltd., KCC Corporation, Nippon Paint Holdings Co. Ltd., PPG Industries Inc. and The Sherwin-Williams Company.
The report has segmented the market on the basis on region, resin type, product type, technology and vehicle type.
Breakup by Resin Type:
Breakup by Product Type:
Breakup by Technology:
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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