Global Automotive Refinish Coatings Market Growth, Key Players, Regions and Forecast to 2025

1
Global Automotive Refinish Coatings Market Size

• By Product Type (Primer, Basecoat, Clearcoat,
  Others), By Resin Type (Alkyd, Acrylic,
  Polyurethane, Others), By Technology (Solvent
  Borne, Water Borne, UV Cured), By Vehicle Type
  (Passenger Cars, Commercial Vehicles) By Region
  and Forecast 2018 to 2025

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2
Global Automotive Refinish Coatings Market Size
And Forecast, 2018-2025

• The global automotive refinish coatings market
  size is estimated to be worth USD 9.24 billion by
  2025. In terms of volume, the market is projected
  to expand 1.3x times from 2017 to 2025.
• The rise in the number of vehicle fleet across
  the globe has resulted in driving the growth of
  the automotive refinishing industry. In 2017,
  total vehicle sales across the globe crossed 97
  million, an increase of approximately 3 over the
  previous year. Modification of vehicles, a trend
  prevalent among the youth, has been one of the
  primary factors augmenting the growth of the
  global automotive refinish coatings market.
• Rising number of accidents across the world is
  also driving the growth of the global automotive
  refinish coatings market. Lack of infrastructure
  and rash driving are some of the factors
  augmenting the demand for refinishing coatings.
  This trend particularly holds more weight among
  new car owners that are willing to insure their
  cars and invest in repairing their vehicles. This
  is likely to subsequently increase the
  consumption of repair maintenance products such
  as fillers, primers, clearcoats, and polishes
  among others.
• Solvent-borne, waterborne and UV cured coating
  formulation technologies are used for refinishing
  vehicle body components. Of these technologies,
  the waterborne category is gaining preference
  over its solvent-borne counterpart due to the
  presence of a stringent regulatory framework
  across the world on VOC (Volatile Organic
  Compounds) emissions. This is expected to result
  in decreasing the consumption of solvent-borne
  coatings in the future, paving way for a
  fast-paced development and increased consumption
  of waterborne refinish coatings. Thus, based on
  our estimations, the global waterborne refinish
  coatings market is expected to be 635 kilo tons
  by 2025.

3
Global Automotive Refinish Coatings Market Size
And Forecast, 2018-2025

• Based on the different type of products used in
  automotive refinish coatings market, clearcoat
  and basecoat are expected to witness high demand
  over the forecast period. Clearcoat or topcoat is
  applied after preliminary treatment of the
  surface in order to give required finishing to
  the vehicle surface. High degree of innovation in
  this segment is also attracting consumers which
  in turn is expected to further accelerate market
  growth. For instance, in July 2014, AkzoNobel
  introduced a new vehicle refinish clearcoat,
  which offers superior performance, perfect finish
  and sustainability.
• Apart from Asia Pacific, Latin America is also
  projected to witness a significant growth in the
  global automotive refinish market over coming
  years. Brazil is projected to witness impressive
  growth, owing to improving economic conditions
  and growth in industrial sectors, whereas matured
  economies such as the U.S., Germany and UK are
  projected to show steady demand over the forecast
  period owing to fixed growth in vehicle fleet as
  well as already high market penetration in these
  countries.
• PPG Industries Ltd, BASF SE, Axalta Coating
  Systems Ltd., and AkzoNobel NV are some of the
  players with a worldwide presence focusing on
  expanding their global footprint by strengthening
  their product portfolios. However, in recent
  times, numerous regional players such as Kansai
  Paint, Kapci Coatings, Alsa Refinish have entered
  this marketplace to cater to the growing local
  demand, thereby, increasing the competitiveness
  of the global automotive refinish coatings
  market.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/automotive-refinish-coatings-market

4
Key Segments Of The Global Automotive Refinish
Coatings Market

• Product Type overview, 2018-2025 (Kilo Tons) (USD
  Million)
• Primer
• Basecoat
• Clearcoat
• Others
• Resin Type Overview, 2018-2025 (Kilo Tons) (USD
  Million)
• Alkyd
• Acrylic
• Polyurethane
• Others
• Technology Overview, 2018-2025 (Kilo Tons) (USD
  Million)
• Solvent borne
• Waterborne
• UV cured
• Vehicle Type Overview, 2014-2025 (Kilo Tons) (USD
  Million)
• Passenger cars

5
Key Segments Of The Global Automotive Refinish
Coatings Market

• Regional Overview, 2014-2025 (Kilo Tons) (USD
  Million)
• North America
• US
• Canada
• Latin America
• Brazil
• Mexico
• Europe
• Germany
• France
• UK
• Asia Pacific
• China
• Japan
• India
• ASEAN
• Middle East Africa
• GCC

6
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