Automotive Refinish Coatings Market: Recent Industry Developments and Growth Strategies Adopted by Players
Introduction
Coatings which are generally used for pre-owned cars for timely repair and maintenance of appearance are called automotive refinish coatings. Automotive refinish coatings are applied to prevent deterioration of vehicle body parts and components from stone chips, rust, and debris. Automotive refinish coatings are used to maintain the durability and appearance of the vehicle.
Market Status
The report provides in-depth analysis and forecast of the automotive refinish coatings market on the global as well as regional level. The report includes forecast for the period from 2016 to 2024 in terms of volume (kilo tons) and revenue (US$ Mn).
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Quantitative data has been derived through extensive secondary research of the global automotive refinish coatings market. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the regional numbers from global revenue and volume figures.
Detailed analysis of various factors driving the global automotive refinish coatings market has been included for astute decision making. Impact of these drivers during the forecast period has been included with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the forecast period.
The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the automotive refinish coatings industry, from raw material suppliers to end-users. Various processes employed in the manufacture of automotive refinish coatings have been included in the value chain analysis. Porter’s Five Forces model has been included to determine the degree of competition in the market during the forecast period.
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Market Segmentation
Based on product type, the automotive refinish coatings market has been segmented into primer, base coat, clear coat, activator, and filler. Based on technology type, the market has been segmented into solvent borne coatings and water borne coatings. The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (kilo tons) and revenue (US$ Mn).
Regional Outlook
In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for automotive refinish coatings in each product segment and technology type has been analyzed and forecast for a period of eight years.
Key Players
The report also comprises profiles of leading companies in the automotive refinish coatings market. These include BASF SE, Axalta Coating Systems, PPG Industries, and The Sherwin-Williams Company. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.