The Global Automotive Refinish Coatings Market is expected to reach USD 11.69 Billion by 2027, according to a new report by Emergen Research. The market for automotive refinish is growing due to the rise in disposable income, change in lifestyle and buying behaviour of the consumers, and the growing demand for luxury vehicles. Automotive refinish coatings are used by market players to address the growing need for maintenance of the vehicle, up-to-date servicing to improve the durability and look of the vehicles by protecting them from any supposed damages and UV radiation. Constant investment in R&D and innovation in refinish coatings, such as eco-friendly high-tech coating materials, which is another driving factor of the market.

The report analyzes the Automotive Refinish Coatings market by taking into consideration the key factors that drive or restrain the growth of the market. The report considers COVID-19 as one such factor. The report is furnished with the current market scenario and changes in the trends and dynamics of the industry with regard to the impact of the COVID-19 pandemic on the Automotive Refinish Coatings market. The report also strives to offer a futuristic outlook for remuneration and market growth in a post-COVID-19 scenario. It also includes the current and future impact of the pandemic on the Automotive Refinish Coatings business sphere and its key segments.

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Key Highlights From The Report

• Clear coats, offer protection to the paint on vehicles from sun, dust, or water, hold the largest share of the market in 2019. The segment is expected to have a growth rate of 3.9% during the forecast period.
• Metal substrates held the largest share in 2019 and are expected to lead the segment throughout the forecast period with a significant CAGR since metal surfaces are prone to suffer from corrosion.
• The passenger vehicles segment dominated the market with 40.3% of the share in 2019, in terms of revenue. The demand is expected to increase because of high disposable incomes, substantially changing buying behaviour, and demand for luxury cars.
• Key participants include The Sherwin Williams Company, PPG Industries Inc., Axalta Coating Systems Ltd., BASF SE, AkzoNobel N.V, Kansai Paints Co. Ltd., Matrix System Automotive Finishes, Nippon Paint Holding Co. Ltd., Mitsui Chemicals, and Berger Paints India Ltd., among others.

Automotive Refinish Coatings Market Segmentation:

For the purpose of this report, Emergen Research has segmented the Global Automotive Refinish Coatings Market on the basis of resin product, type, technology, application, substrate, and region:

• Resin Type Outlook (Revenue, USD Billion; 2017-2027)
  • Epoxy
  • Alkyd
  • Polyurethane
  • Others
• Product Outlook (Revenue, USD Billion; 2017-2027)
  • Primer
  • Basecoat
  • Clearcoat
  • Activator
  • Filler
  • Putty
• Technology Outlook (Revenue, USD Billion; 2017-2027)
  • Solvent-borne Coatings
  • Water-borne Coatings
  • UV-cured Coatings
• Substrate Outlook (Revenue, USD Billion; 2017-2027)
  • Glass
  • Metal
  • Plastic
  • Other
• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Commercial vehicles
    1. Light Commercial Vehicle (LCV)
    2. Heavy Commercial Vehicle (HCV)
  • Passenger vehicles
    1. Compact
    2. Executive
    3. Luxury
  • Two-Wheeler

Regional Bifurcation includes:

• North America(U.S., Canada)
• Europe(U.K., Italy, Germany, France, Rest of EU)
• AsiaPacific(India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America(Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Objectives of the Automotive Refinish Coatings Market Report:

• Analysis and forecast of the Global Automotive Refinish Coatings Market by segmentation of the market
• Analysis of various macro and micro-economic factors influencing the growth of the market
• Extensive SWOT analysis and Porter’s Five Forces analysis to offer a detailed view of the competitive landscape
• Insights into drivers, restraints, opportunities, limitations, threats, and challenges
• Analysis of the key players operating in the industry
• Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans

Table Of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Automotive Refinish Coatings Market Segmentation & Impact Analysis
    4.1. Automotive Refinish Coatings Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing disposable incomes and changing lifestyle
                    4.2.2.2. Growth of automotive industry
                    4.2.2.3. Rise of environment friendly coating technologies
                    4.2.2.4. Increasing demand of UV-curable coating and nanocoatings
          4.2.3. Market restraints analysis
                    4.2.3.1. Volatile costs of raw materials
                    4.2.3.2. Stringent regulations regarding various VOC-containing products
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

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