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Asia-Pacific region is the largest consumer of Refinish Coatings Market and accounts for more than 35% of the global consumption.

03-13-2019 07:18 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Asia-Pacific region is the largest consumer of Refinish

Global Automotive Refinish Coatings Market would be worth $11.3 billion by 2021 and shall grow at a CAGR of 6.3% during 2015-2021, according to new research published by Allied Market Research. Solvent-borne refinishes coating technology segment currently accounts for about half of the revenue; however, by 2020, water-borne refinish coating revenues would match-up to a solvent-borne segment.

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Within different product categories, basecoat refinishes coating segment would remain the largest market with about 33.0% revenue in 2014. Polyurethane would be the largest resin segment, both in terms of volume and revenue, in 2014. The key reason driving the growth of polyurethane segment is its characteristic as a foam that assists manufacturers to make automotive seating, which can be assembled, disassembled and recycled.

Continuous adoption of newer technologies, rising disposable income and growing consolidation of used vehicle market would be the prime factors for automotive refinish Coatings market growth. Moreover, increasing road accidents, vehicle customization (especially in China, India, and Brazil) and the growing trend of recreational vehicles are supplementing the overall market growth. However, environmental hazards related to toxic waste produced from solvent-borne refinish coatings and price volatility of raw materials would hinder the growth of the global automotive refinish coatings market

Key Findings of Automotive Refinish Coatings Market
• The Asia Pacific and North American regions collectively held about 62% of the overall automotive refinish Coatings market revenue in 2014
• The water-borne coating segment is expected to grow at the fastest rate
• In 2014, base coat and clear coat collectively accounted for more than half of the overall refinish Coatings market revenue.
• The Asia Pacific currently leads the global automotive refinish Coatings market.
• The key reason driving the growth of the Asia-Pacific market are increasing car parc, rising purchasing power, and rise in the number of road accidents.
• The Asia-Pacific would continue to lead the market during the forecast period due to rising demand for vehicle customization.
• LAMEA would be the fastest growing geographical region in the overall market.

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The major players in the market are adopting acquisition as their key strategies. The report provides a comprehensive analysis of the key companies operating in the market such as
• Axalta Coating Systems
• BASF SE
• Kansai Paint Co. Ltd.
• Akzo Nobel N.V.
• PPG Industries, Inc.
• Nippon Paints
• Matrix System Automotive Finishes

3 MARKET OVERVIEW

3.1 Market definition and scope

3.2 Automotive refinishing coatings: Emerging Economies

3.3 Analysis based on vehicle age

3.4 Key Findings
3.4.1 Top impacting factors
3.4.2 Top investment pockets
3.4.3 Top winning strategies

3.5 Porters five forces analysis
3.5.1 Lower bargaining power of supplier
3.5.2 High bargaining power of buyer
3.5.3 Threat of new entrants
3.5.4 Competitive Rivalry
3.5.5 Low threat of substitutes

3.6 Value chain analysis

3.7 Market share analysis,2014
3.7.1 Coatings resin
3.7.2 Automotive refinish coatings

3.8 Impact of government regulations

3.9 Price trend analysis of coating resin

3.10 Actual benchmark product (resin) in the market - global (product name and manufacturer)

3.11 Drivers
3.11.1 Rising disposable income
3.11.2 Rising number of a vehicle collision
3.11.3 Growing demand for recreational vehicle

3.12 Restraints
3.12.1 Stringent regulations for Volatile Organic Compound (VOC) Emission
3.12.2 Improving road infrastructure

3.13 Opportunities
3.13.1 Development of environmentally friendly technologies
3.13.2 Progressive Innovation

About Us:-

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:-

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
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India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

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