openPR Logo
Press release

Automotive Refinish Coatings Market Poised to Reach US$ 9,560.3 Mn by the end of the 2027

05-30-2018 09:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Automotive Refinish Coatings Market Poised to Reach US$ 9,560.3

Future Market Insights’ newly published market report, “Automotive Refinish Coatings Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” examines the automotive refinish coatings market and offers crucial market insights for the next 10 years. According to the report, the estimated value of the global automotive refinish coatings market in 2017 is US$ 5,419.5 Mn and is expected to expand at a CAGR of 5.8% to reach US$ 9,560.3 Mn by the end of the forecast period in 2027.

Global Automotive Refinish Coatings Market: Dynamics: The global automotive refinish coatings market is expected be driven by a growing demand from the rapidly growing sales of pre-owned vehicles and from the paint and coating industry. Advancements pertaining to product developments in paints and coatings industries is expected to result in the rise in demand for automotive refinish coatings as a part of product quality enhancement procedures. This in turn is expected to drive revenue growth of the automotive refinish coatings market across different regions.

To Get Sample Copy of Report please visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-413

Major players involved in the automotive refinish coatings market are emphasising on acquisitions, partnerships and collaborations in order to enhance their operational efficiency. Also, strategic collaborations and joint ventures that improve the sales & distribution network are expected to gain momentum during the forecast period.According to some environmental regulations by the U.S. Government, water borne based coatings and UV Cure based coatings are considered as a safe coatings. Solvent borne based coatings are harmful as they release VOCs in high concentration. Such regulations governing the usage of paints and coatings are restraining growth of the automotive refinish coatings market.

Global Automotive Refinish Coatings Market: Segmental Analysis & Forecast – On the basis of vehicle type, the passenger cars segment is anticipated to play a crucial role in building market revenue. The passenger cars segment is estimated to lead the overall automotive refinish coatings market accounting for an estimated share of more than 75% in the global market value by the end of 2017.In terms of technology, the water borne segment is expected to witness rising growth in revenue during the forecast period. As per the forecast this segment is slated to account for more than 45% share in overall market value by the end of the forecast period. This is largely due to the massive applications of automotive refinish coatings in paints to prevent corrosion, and low emission of VOCs, thereby driving market share globally.

By product type, the base coat segment dominates the global automotive refinish coatings market. Globally, demand for base coats is high due to the fact that this is the first coat to be applied in refinish coatings. The base coat segment is expected to represent a market attractiveness rating of 5.0 and be a relatively attractive segment during the forecast period.In terms of material type, the polyurethanes segment is expected to hold over 40% market share by volume during the forecast period. The acrylics segment is expected to expand at a significant CAGR over the forecast period.; By end use, the aftermarket segment is estimated to hold over 60% market share both by value and volume during the forecast period. The aftermarket segment is expected to represent a higher incremental $ opportunity than the OEM segment.

Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/askus/rep-gb-413

On the basis of region, APEJ is anticipated to dominate the global automotive refinish coatings market throughout the forecast period. The regional market is expected to expand at a CAGR of 6.2% in terms of value during the forecast period. The market in North America is anticipated to register a value CAGR of 5.7% during forecast period. These two regions are expected to register relatively faster growth during the forecast period.Some of the players reported in this study on the global automotive refinish coatings market are 3M Akzo Nobel N.V., Axalta Coating Systems PPG Industries, The Sherwin Williams Company, The Dow Chemical Company, HMG Paints Limited Covestro AG, DSM Nippon Paint Holdings Co., Ltd, U.S. Paint Corporation Kansai Paint Co., Ltd., KCC Corporation SEM Products Inc. Yashm Paint & Resin Industries, Samhwa Paints Industrial Co., Ltd, Novol Sp. Z.o.o. Noroo Paint & Coatings, The Lubrizol Corporation WEG Group among others. Industry players over the recent past have been channelizing efforts towards innovative product development.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Refinish Coatings Market Poised to Reach US$ 9,560.3 Mn by the end of the 2027 here

News-ID: 1065576 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Coating

Coating Equipment Market by Type (Powder coating equipment, Liquid coating equip …
The Coating Equipment Market research report incorporates the scope and objective of the study. Moreover, the report highlights key market segments and players covered. It also covers industry trends, focusing on market use cases and top market size by region, market trends, and global market size. Moreover, the Coating Equipment Market research report covers market growth rate and market share by region. Supply chain analysis, regional marketing analysis, opportunities, challenges,
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Automotive Paint & Coating Market: PPG Industries, BASF, Axalta Coating Systems
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Automotive Paint & Coating Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This industry study presents the global Automotive Paint & Coating market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Paint & Coating production, revenue and market share by manufacturers, key regions and type; The consumption of Automotive Paint & Coating in
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Automotive Refinish Market Report 2018: Segmentation by Product (Waterbased Coat …
Global Automotive Refinish market research report provides company profile for Nipsea Group, Valspar Paint, KCC, Henkel, Nipponpaintholding, NOROO, Akzonobel, PPG Industries, Sherwin Williams, Basf Coatings and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc.