Sep 25, 2021   SOURCE: BusinessWire

Global Automotive Refinish Coatings Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

The "Automotive Refinish Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global automotive refinish coatings market reached a value of US$ 9.4 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of around 4% during 2021-2026.

Companies Mentioned

  • 3M Company
  • Akzo Nobel N.V.
  • Axalta Coating Systems Ltd.
  • BASF SE
  • Clariant AG
  • Dupont De Nemours Inc.
  • Kansai Paint Co. Ltd.
  • KCC Corporation
  • Nippon Paint Holdings Co. Ltd.
  • PPG Industries Inc.
  • The Sherwin-Williams Company

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Automotive refinish coatings refer to polyurethane, acrylics or alkyd-based coatings used by vehicle body shops and repair centers. These coatings are applied to new/old passenger and commercial vehicles to cover up the damages on the body caused by extreme temperatures, accidents and impact from stones. Some of the commonly used refinish coatings include primer, filler, topcoat, basecoat and activator or hardener coatings. They are either solvent-borne, water-borne or ultraviolet (UV) cured. Among these, water-borne coatings have lower levels of volatile organic compounds (VOCs) than solvent-borne variants, thereby making them highly effective for all automobiles.

The growing automotive industry across the globe represents one of the key factors creating a positive outlook for the market. Furthermore, the increasing number of road accidents and collisions has resulted in the rising requirement for repair and maintenance activities, thereby stimulating the market growth. In line with this, there is a shift in consumer preference toward customized aftermarket modifications of the vehicles. Automotive refining coatings offer improved aesthetic appeal, surface protection and resistance to heat, temperature and corrosion. Additionally, various product innovations, such as the development of environment-friendly refinish coatings, are acting as other growth-inducing factors. These coatings are manufactured using organic chemicals and have a custom color, faster cure time and minimal VOC emissions. Other factors, including the rising expenditure capacities of consumers, along with the growing demand for recreational vehicles, are anticipated to drive the market further.

Key Questions Answered in This Report

  • How has the global automotive refinish coatings market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global automotive refinish coatings market?
  • What are the key regional markets?
  • What is the breakup of the market based on the resin type?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the vehicle type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global automotive refinish coatings market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Automotive Refinish Coatings Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Resin Type

6.1 Polyurethane

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Alkyd

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Acrylic

6.3.1 Market Trends

6.3.2 Market Forecast

6.4 Others

6.4.1 Market Trends

6.4.2 Market Forecast

7 Market Breakup by Product Type

7.1 Primer

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Basecoat

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 Activator

7.3.1 Market Trends

7.3.2 Market Forecast

7.4 Filler

7.4.1 Market Trends

7.4.2 Market Forecast

7.5 Topcoat

7.5.1 Market Trends

7.5.2 Market Forecast

7.6 Others

7.6.1 Market Trends

7.6.2 Market Forecast

8 Market Breakup by Technology

8.1 Solvent-borne

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Water-borne

8.2.1 Market Trends

8.2.2 Market Forecast

8.3 UV-cured

8.3.1 Market Trends

8.3.2 Market Forecast

9 Market Breakup by Vehicle Type

9.1 Passenger Cars

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Commercial Vehicles

9.2.1 Market Trends

9.2.2 Market Forecast

9.3 Others

9.3.1 Market Trends

9.3.2 Market Forecast

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/hiqure