Automotive Refinish Coatings Market Competitive Landscape, Research Methodology, Business Opportunities, Statistics and Industry Analysis Report by 2027

April 06 03:06 2021
The changing lifestyle and buying behaviour of people, a rise in disposable income, and the growing demand for luxury vehicles are some the factors influencing the market growth.

Market Size – USD 8.73 billion in 2019, Market Growth – CAGR of 3.7%, Market trends –Growth of environment-friendly coating technologies.

The Global Automotive Refinish Coatings Market is expected to reach USD 11.69 Billion by 2027, according to a new report by Emergen Research. The market for automotive refinish is growing due to the rise in disposable income, change in lifestyle and buying behaviour of the consumers, and the growing demand for luxury vehicles. Automotive refinish coatings are used by market players to address the growing need for maintenance of the vehicle, up-to-date servicing to improve the durability and look of the vehicles by protecting them from any supposed damages and UV radiation.

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Key Market Competitors

The global Automotive Refinish Coatings industry is widely fragmented due to the presence of numerous competitors across several regional and local segments of the market. These players are said to dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies operating in this market are in high competition with one another in terms of technological capabilities, product development and innovation, and product pricing strategies.

Key participants include The Sherwin Williams Company, PPG Industries Inc., Axalta Coating Systems Ltd., BASF SE, AkzoNobel N.V, Kansai Paints Co. Ltd., Matrix System Automotive Finishes, Nippon Paint Holding Co. Ltd., Mitsui Chemicals, and Berger Paints India Ltd., among others.

For the purpose of this report, Emergen Research has segmented the Global Automotive Refinish Coatings Market on the basis of resin product, type, technology, application, substrate, and region:

  • Resin Type Outlook (Revenue, USD Billion; 2017-2027)
    • Epoxy
    • Alkyd
    • Polyurethane
    • Others
  • Product Outlook (Revenue, USD Billion; 2017-2027)
    • Primer
    • Basecoat
    • Clearcoat
    • Activator
    • Filler
    • Putty
  • Technology Outlook (Revenue, USD Billion; 2017-2027)
    • Solvent-borne Coatings
    • Water-borne Coatings
    • UV-cured Coatings
  • Substrate Outlook (Revenue, USD Billion; 2017-2027)
    • Glass
    • Metal
    • Plastic
    • Other
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Commercial vehicles
      1. Light Commercial Vehicle (LCV)
      2. Heavy Commercial Vehicle (HCV)
    • Passenger vehicles
      1. Compact
      2. Executive
      3. Luxury
    • Two-Wheeler

The Global Automotive Refinish Coatings Market can be geographically bifurcated on the basis of regional demand, output, and estimated revenue share. The most prominent regions dictating the global market include: 

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, Japan, India, Korea)
  • Latin America (Brazil, Argentina, Ecuador, Chile)
  • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

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The following are the main reasons to buy the Global Automotive Refinish Coatings Market report:

  1. The latest report closely evaluates the overall market size and infers on various aspects, such as the current business trends, market share, product offerings, and product share.
  2. It offers a detailed account of the end-use applications of the products & services offered by this industry.
  3. It offers an insightful analysis of the various regional segments of the market that are projected to witness enormous growth over the forecast period.
  4. Furthermore, the report covers the latest developments taking place in the market and effective business strategies implemented by the leading market rivals.

The report considers the following market growth estimation timeline:

  1. Historical Years: 2017-2018
  2. Base Year: 2019
  3. Estimated Year: 2027
  4. Forecast Years: 2020-2027

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Automotive Refinish Coatings Market Segmentation & Impact Analysis
    4.1. Automotive Refinish Coatings Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
           Increasing disposable incomes and changing lifestyle
           Growth of automotive industry
           Rise of environment friendly coating technologies
           Increasing demand of UV-curable coating and nanocoatings
          4.2.3. Market restraints analysis
           Volatile costs of raw materials
           Stringent regulations regarding various VOC-containing products
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Automotive Refinish Coatings Market By Resin Type Insights & Trends, Revenue (USD Million)
    5.1. Resin Type Dynamics & Market Share, 2019 & 2027
          5.1.1. Epoxy
          5.1.2. Alkyd
          5.1.3. Polyurethane
          5.1.4. Others

Chapter 6. Automotive Refinish Coatings Market By Product Insights & Trends Revenue (USD Million)
    6.1. Product Dynamics & Market Share, 2019 & 2027
          6.1.1. Primer
          6.1.2. Basecoat
          6.1.3. Clearcoat
          6.1.4. Activator
          6.1.5. Filler
          6.1.6. Putty


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