Loading...

Automotive Refinish Coatings Market is Expected to Reach $11.3 Billion, Globally, by 2021

 
 

quote Continuous adoption of newer technologies, rising disposable income and growing consolidation of used vehicle market would be the prime factors for automotive refinish Coatings market growth. Moreover, increasing road accidents, vehicle customization (especially in China, India and Brazil) and growing trend of recreational vehicles are supplementing the overall market growth. However, environmental hazards related to toxic waste produced from solvent-borne refinish coatings and price volatility of raw materials would hinder the growth of the global automotive refinish coatings market. quote

Sarah Clark

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Global Automotive Refinish Coatings Market would be worth $11.3 billion by 2021 and shall grow at a CAGR of 6.3% during 2015-2021, according to new research published by Allied Market Research.Solvent-borne refinish coating technology segment currently accounts for about half of the revenue; however, by 2020, water-borne refinish coating revenues would match-up to solvent-borne segment.

Within different product categories, basecoat refinish coating segment would remain the largest market with about 33.0% revenue in 2014. Polyurethane would be the largest resin segment, both in terms of volume and revenue, in 2014. The key reason driving the growth of polyurethane segment is its characteristic as a foam that assists manufacturers to make automotive seating, which can be assembled, disassembled and recycled.

Key Findings of Automotive Refinish Coatings Market

  • The Asia Pacific and North American regions collectively held about 62% of the overall automotive refinish Coatings market revenue in 2014
  • The water-borne coating segment is expected to grow at the fastest rate
  • In 2014, base coat and clear coat collectively accounted for more than half of the overall refinish Coatings market revenue.

Asia Pacific currently leads the global automotive refinish Coatings market. The key reason driving the growth of the Asia-Pacific market are increasing car parc, rising purchasing power and rise in number of road accidents. The Asia-Pacific would continue to lead the market during the forecast period due to rising demand of vehicle customization. LAMEA would be the fastest growing geographical region in the overall market.

The major players in the market are adopting acquisition as their key strategies. The report provides a comprehensive analysis of the key companies operating in the market such as Axalta Coating Systems, BASF SE, Kansai Paint Co. Ltd., Akzo Nobel N.V., PPG Industries, Inc., Nippon Paints, and Matrix System Automotive Finishes.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Automotive Refinish Coatings Market by Product Type (Primer, Basecoat, Clearcoat ,Activator, Filler & Putty), Technology (Solvent-borne Coatings, Water-borne Coatings, UV-cured Coatings) and Resin (Polyurethane, Alkyd, Acrylic) - Global Opportunity Analysis and Industry Forecast, 2014 - 2021 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Automotive Refinish Coatings Market"
Purchase Enquiry