Report Code: A11894 | Pages: NA | ||
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Introduction
Refinish coating is utilized mostly in automotive repair center or body shop for refinishing vehicles. The automotive refinish coating market has shown marked development over the most recent couple of years with the rising number of accidents that force owners to fix them. Moreover, administrative guidelines on high volatile natural compound covering levels could affect the automotive refinish coating market in the near future.
COVID-19 Impact analysis
Top Impacting Factors
The rising number of vehicle crashes, and the always changing requirements of the consumers such as, body work, paint jobs have substantially expanded the interest for refinish paint. Likewise, the rising interest for sporty and recreational vehicles is also driving the demand of refinishing coatings. However, the restrictions identified with the environment and the tough laws on volatile organic compound (VOC) emission. None the less the advancement of innovations, for instance, UV-cured and waterborne coatings alongside the extension of the pre-owned vehicle markets is required to support the market in the coming years.
The passenger vehicle segment is a key driver for refinish paint market for automotive and is relied upon to keep up its strength during the conjecture time frame. Expanding number interest for vehicles in rising economies like China, India, Mexico, and others is helping the segments. The development is additionally sponsored by the rising pay of middle class population and expanded propensity of vehicle proprietors to fix their vehicle post any collision.
Market Trends
Key Benefits of the Report
Questions answered in the refinish paint market Report
Refinish Paint Market Report Highlights
Aspects | Details |
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By Coating Type |
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By Product Type |
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By Application |
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By Region |
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Key Market Players | PPG Industries, KCC Corporation, DowDuPont Inc, The Sherwin-Williams Company, Nippon Paint Holdings Co Ltd, Axalta Coating Systems, Kansai Paint Co., 3M Company, Akzo Nobel NV, BASF SE |
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