Automotive Refinish Coatings Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

In terms of technology, the global automotive refinish coatings market has been divided into solvent-borne, water-borne, and others (including powder and UV-curing). The solvent-borne segment accounts for major share of the market. However, demand for solvent-borne coatings is gradually decreasing, as they contain volatile organic compounds (VOCs). Solvent-borne coatings are made up of liquefying agents that are meant to evaporate via the chemical reaction with oxygen. The water-borne segment is projected to expand at a rapid pace owing to its low VOC content and environment friendly nature. Water-borne coatings offer an eco-friendly surface treatment. Water is used as a solvent in these coatings to disperse the resin used to make coatings or paints. Water-borne coatings are widely used due to their low volatile organic compound (VOC) content (less than 3.5 pounds per gallon of water).

Based on region, the global automotive refinish coatings market has been split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Rise in demand for automotive refinish coatings in Asia Pacific and Latin America is estimated to drive the market during the forecast period. The automotive industry in Asia Pacific is witnessing significant investments. The region is one of the automobile manufacturing hubs across the world. Rapid rise in car ownership in China is driving the demand for automotive refinish coatings in the country. In terms of consumption, Europe and North America follow Asia Pacific. However, expansion of the automotive refinish coatings market in these regions is slightly restrained due to the implementation of stringent regulations on VOC emissions. The market in North America and Europe is characterized by consolidation. Automotive vehicle sales have increased in Argentina, Brazil, and Colombia in Latin America. Increase in road accidents and rise in demand for recreational vehicles in Brazil are anticipated to boost the automotive refinish coatings market in the region.

The report analyzes and forecasts the automotive refinish coatings market at the global and regional levels. The market has been projected in terms of volume (kilo tons) and value (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global automotive refinish coatings market. It also covers the expected impact of these drivers and restraints on the demand for automotive refinish coatings during the forecast period. The report also highlights growth opportunities for the automotive refinish coatings market at the global and regional levels.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automotive refinish coatings market. Porter’s Five Forces model for the automotive refinish coatings market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein process and technology segments have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global automotive refinish coatings market by segmenting it in terms of process, technology, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for automotive refinish coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers individual process, and technology segments of the market in all the regions.

The study includes profiles of major companies operating in the global automotive refinish coatings market. The global automotive refinish coatings market is dominated by large players. Key players operating in the market are BASF SE, Axalta Coatings, PPG Industries, Valspar Corporation, The Sherwin-Williams Company, Akzo Nobel NV, Nippon Paint Holdings, and KCC Corporation. Market players have been profiled in terms of company overview, business strategies, and recent developments.

The report provides the estimated market size (in terms of value and volume) of the global automotive refinish coatings market for the base year 2017 and forecast for the period from 2018 to 2026. Market numbers have been estimated based on process, application, and region. The market size and forecast for each process and technology segment have been provided for the global and regional markets.

Global Automotive Refinish Coatings Market, by Process

Primer
Base Coat
Clear Coat
Activator
Filler
Others (including E-coat)

Global Automotive Refinish Coatings Market, by Technology

Solvent-borne
Water-borne
Others (including Powder and UV-curing)

Global Automotive Refinish Coatings Market, by Region

North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
France
U.K.
Italy
Spain
Russia & CIS
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Key Takeaways

Extensive analysis of market trends from 2017 to 2026 to identify opportunities and market developments

Analysis of various processes and technologies wherein automotive refinish coatings are used

Identification of key factors responsible to build a roadmap for upcoming opportunities for the automotive refinish coatings market at the global, regional, and country levels
Comprehensive analysis with respect to investments and regulatory scenario that would subsequently impact the outlook and forecast for the global automotive refinish coatings market between 2018 and 2026
Detailed competition landscape of key players operating in the market to understand competition level
Porters’ Five Forces analysis to highlight the power of buyers and suppliers in the market

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