Automotive Refinish Coatings Market
Automotive Refinish Coatings Market Scope: Industry Analysis, Market Size, Growth, Trends Till
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Automotive Refinish Coatings Market Size and Growth
The Automotive Refinish Coatings market is experiencing growth, driven by rising vehicle ownership and demand for high-quality finishes. The market size is projected to reach approximately USD 10 billion by 2028, with current trends highlighting advancements in eco-friendly formulations and increasing preferences for durable and aesthetically pleasing coatings among consumers.
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Companies Covered
(Covid 19 Impact Covered)
◍ BASF SE
◍ AkzoNobel
◍ PPG Industries
◍ Axalta Coating Systems
The automotive refinish coatings market features key players like BASF SE, AkzoNobel, PPG Industries, and Axalta Coating Systems. These companies innovate and expand product offerings, enhancing market growth. In 2021, BASF reported €78.6 billion, AkzoNobel €9.5 billion, PPG $16.8 billion, and Axalta $4.7 billion in sales revenue.
Market Segmentation
By Application
Cars ◍ Two-Wheelers ◍ Commercial Vehicles ◍ Others
By Product
◍ Water-borne Type ◍ Solvent-borne Type ◍ UV-Cured Type ◍ By Resin Types (Alkyd/Acrylic/Polyurethane/Epoxy)
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Market Growth
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$ X Billion USD
