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Global Automotive Refinish Coatings Market Research Report 2022-2027:
According to the latest report by IMARC Group, titled " AutomotiveRefinishCoatingsMarket:GlobalIndustryTrends,Share,Size,Growth,Opportunityan dForecast2022-2027
," the global automotive refinish coatings market reached a value of US$ 9.57 Billion in 2021.
Automotive refinish coatings refer to coatings used in automotive repair centers or body shops torepair and refurbish automobiles and other types of vehicles. These coatings enhance the façade and recover the damages caused by external factors like temperature, impact from stones, and accidents. They exhibit various properties such as resistance to corrosion, surface protection, aesthetic appeal, resistance to harsh weather, heat, temperature, and water.
As a result, these coatings are applied to the passenger and commercial vehicles in the form of a primer, filler, topcoat, basecoat, and activator or hardener coatings. Nowadays, automotive refinish coatings are gaining traction as they are highly effective for all automobiles.
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The market is primarily driven by the rapid growth of the automotive industry and the increasing number of road accidents. In recent years, rapid urbanization and inflating disposable income levels have resulted in the demand for passenger vehicles, thereby fueling the market growth. Besides this, the growing popularity of recreational vehicles, especially across developed countries, is also facilitating the demand for automotive refinish coatings.
In addition, the rising consumption of waterborne, high solids, and UV-cured coatings due to zero VOC emission is increasing the product adoption rate. Furthermore, technological advancements and continuous product development to enhance the performance of refinish coatings are creating a positive outlook for the market. Moreover, manufacturers are introducing environment-friendly refinish coatings that are made from organic chemicals and have custom colors and faster cure time.
Looking forward, the market is expected to reach a value of US$ 12.7 Billion by 2027, exhibiting a CAGRof4.5%duringtheforecastperiod(2022-2027).
View Report TOC,
Figures and Tables: https://www.imarcgroup.com/automotive-refinish-coatings-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Resin Type:
• Polyurethane
• Alkyd
• Acrylic
• Others
Breakup by Product Type:
• Primer
• Basecoat
• Activator
• Filler
• Topcoat
• Others
Breakup by Technology:
• Solvent-borne
• Water-borne
• UV-cured
Breakup by Vehicle Type:
• Passenger Cars
• Commercial Vehicles
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• 3M Co
• Akzo Nobel N.V
• Axalta Coating Systems
• BASF SE
• Clariant AG
• DuPont de Nemours, Inc
• Kansai Paint Co.Ltd
• KCC Co., Ltd
• Nippon Paint Holdings Co., Ltd
• PPG Industries, Inc
• The Sherwin-Williams Company
1. Whatwasthesizeoftheglobalautomotiverefinishcoatingsmarketin2021?
2. Whatistheexpectedgrowthrateoftheglobalautomotiverefinishcoatingsmarketduring20222027?
3. WhathasbeentheimpactofCOVID-19ontheglobalautomotiverefinishcoatingsmarket?
4. Whatarethekeyfactorsdrivingtheglobalautomotiverefinishcoatingsmarket?
5. Whatisthebreakupoftheglobalautomotiverefinishcoatingsmarketbasedontheresintype?
6. Whatisthebreakupoftheglobalautomotiverefinishcoatingsmarketbasedontheproduct type?
7. Whatisthebreakupoftheglobalautomotiverefinishcoatingsmarketbasedonthetechnology?
8. Whatisthebreakupoftheglobalautomotiverefinishcoatingsmarketbasedonthevehicle type?
9. Whatarethekeyregionsintheglobalautomotiverefinishcoatingsmarket?
10. Whoarethekeyplayers/companiesintheglobalautomotiverefinishcoatingsmarket?
Clickheretovisitthecompletetableofcontentwithlistoffiguresandtables: https://www.imarcgroup.com/automotive-refinish-coatings-market/toc
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