Automotive Refinish Coatings Market
– is one of the upcoming reports of Allied Market
Research which will discuss the future opportunities and trends of the market from 2012-2020 The refinish coating market is a very important segment of the automotive industry as it provides value addition in services which helps in market growth. The automotive refinish coating market is dependent on various factors such as car sales, accidents, and vehicles in operation (VIO). Apart from cars, two-wheelers and commercial vehicles markets are also opting for refinished coating; however, the market is largely dependent on the volumes in car sales. The past decade has seen a major growth in demand for cars in emerging economies, especially in Brazil, Russia, India and China (BRIC countries). This has been a major driver for the global automotive refinish coating market along with steady demand in North America and Europe. The global automotive market value is expected to reach over 245 billion by 2020 and the CAGR for automobile industry is estimated to be growing consistently till 2020, thus increasing the demand for refinish coating. Additionally, road safety management system has decreased accidents and has restrained the growth of this market. There has been a steady growth in the Asia-Pacific region and ROW due to the technological advancement, increase in disposable income of the common populace and improvement in standards of living. This has resulted in increased demand for cars in this market and in the future these regions will lead the market share of this industry, thus boosting the refinished coating market. The market can be segmented into three main types; full car coating of new cars or full car repairs, part car repairs where only parts of the car are coated and spot repairs which involve coating of small parts. The geographic classification of the market can be made into Europe, North America, Asia-Pacific and ROW. DuPont’s Performance coating segment, one of the leading refinished coating manufacturers was acquired by Carlyle Group and was renamed Axalta Coating Systems. Other companies such as BASF SE, Kansai Paint Co. Ltd,, Akzo Nobel N.V, KCC Corp., Noroo Paint Coatings Co. Ltd. and PPG Industries Inc. are looking at mergers with BRIC companies to increase their presence in the global automotive refinish coating market. Thus, detailed analysis will enable the Automotive Refinish Coating market stakeholders in strategic decision making and getting competitive advantage.
Automotive Refinish Coating Market – By Solvent Type •
Medium and high solid coatings
Alternative Refinish Coating Market- By Vehicle Refinishing Type •
Automotive Refinish Coating Market – By Geography •
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Published on Nov 26, 2013
The refinish coating market is a very important segment of the automotive industry as it provides value addition in services which helps in...