According to the new market research report by IndustryARC titled “Automotive Refinish Coatings Market: By Technology (Solvent-Borne, Aqueous, Powdered, Others); By Layer (Surfacers, Sealers, Primers, Undercoats, Topcoats, Others); By Component; By Vehicle Type (Passenger Car, Commercial Vehicle, Motorcycle); By Geography (North America, Europe, APAC and Row) – Forecast Period (2018–2023),” the market will be driven by increasing sales of vehicles and easy availability of auto loans.
North America to Dominate the Automotive Refinish Coatings Market:
North America is expected to dominate the Automotive Refinish Coatings market during the forecast period. This is due to the increasing disposable income of people in this region. The increasing number of used vehicles will also fuel the demand for automotive refinish coatings in the region.
Selected Regulatory Analysis Done in the Full Report:
By formulation, the water-borne coatings segment will enjoy the largest share in the Automotive Refinish Coatings market during the forecast period. There is a high demand for water-borne coatings from original equipment manufacturers (OEMs) due to their benefits over solvent-borne based coatings, which contain high levels of volatile organic compounds (VOCs). By vehicle type, the passenger cars segment will have the largest share in the market due to increase in sales of used cars.
To access/purchase the full report, click the link below:
https://industryarc.com/Report/11698/automotive-refinish-coatings-market.html
Selected Driving Factors Mentioned in the Full Report:
• The growth of the automotive sector will boost the demand for automotive refinish coatings during the forecast period.
• Increased investments in R&D activities will augment the Automotive Refinish Coatings market during the forecast period.
• The increasing awareness about the environmental impacts of VOC emissions will drive the demand for water-borne coatings, which in turn will drive the Automotive Refinish Coatings market.
Key Players of the Automotive Refinish Coatings Industry:
The key players include PPG Industries, BASF SE, and Axalta Coating Systems.
1. PPG acquired certain assets of Futsian Xinshi in Janaury 2017, and opened a new center for automotive refinish professionals in Pilar, Argentina, in August 2017.
2. BASF SE completed the acquisition of Guangdong Yinfan Chemistry in September 2016.
3. Axalta Coating Systems provides undercoats, basecoats, and high gloss clearcoats for passenger and commercial vehicles.
The Automotive Refinish Coatings Market is Segmented as Indicated Below:
Increasing need for maintenance of used cars will drive the demand.
A. By Formulation
1. High Solid Coatings
2. Waterborne Coatings
3. Solvent-borne Coatings
4. Powder Coatings
5. Other
B. By Component
1. One Component
2. Two Component
C. By Resin
1. Alkyd
2. Epoxy
3. Acrylic
4. Polyurethane
5. Polyester
6. Vinyl
7. Other
D. By Layer
1. Topcoats
2. Undercoats
3. Primers
4. Surfacers
5. Sealers
6. Others
E. By Vehicle
1. Light Vehicles OEM’S
1.1. Passenger Cars
1.2. Light Duty Commercial Vehicles
1.3. Bikes
1.4. Others
2. Commercial Vehicles
2.1. Medium Duty
2.2. Heavy Duty
2.3. Trucks
2.4. Buses
2.5. Rail Cars
2.6. Others
3. Industrial Vehicles
4. By Vehicle Type
F. By Geography (30+ countries)
G. By Entropy
H. Company Profiles
1. PPG Industries, Inc.
2. BASF SE
3. BYK-GARDNER GMBH
4. Axalta Coating Systems
5. RPM International Inc
6. Company 6
7. Company 7
8. Company 8
9. Company 9
10. Company 10+
Related Reports:
A. Green Coatings Market
https://industryarc.com/Report/11722/green-coatings-market.html
B. Waterborne Coatings Market
https://industryarc.com/Report/16410/waterborne-coatings-market.html
What can you expect from the report?
The main agenda to cover the following 20 points:
1. Market Size by Product Categories
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End User Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
FAQs:
Does IndustryARC provide customized reports and charge additionally for limited customization?
Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customizations:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography or product chapter.
3. Find out market shares for other smaller companies or companies that are of interest to you
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, and value and supply chain analysis can be requested for a country or end use segment.
Any other major customizations can be discussed with our team. We can also provide you with a separate quote based on your requirements. You can drop an e-mail to [email protected] to learn more about our consulting services.
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About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, and Life Sciences & Healthcare.
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The global Automotive Coatings Market is anticipated to surpass USD 28 billion by 2024.
Increasing consumption of UV-cured coatings due to their properties such as high chemical resistance, solvent-free formulations, and low-temperature processing is expected to boost the product demands.
The global market is categorized as technologies, products, applications, end-uses, and regions.The technology sector includes waterborne, solvent-borne, powder coatings, UV-cured.
The solvent-borne sector led the industry in the past few years.
However, it is likely to drop its share drastically since it releases high levels of Hazardous Air Pollutants (HAP) and Volatile Organic Compounds (VOCs).
Powder coatings are said to have the fastest growth due to their various properties like superior finish, high corrosion resistance, etc.
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