Asia-Pacific Automotive Refinish Coatings Market Pegged for Robust Expansion by 2029| Key Players: 3M, BASF SE, PPG Industries, Inc, Sherwin-Williams Company, Axalta Coating Systems

Market Definition

Automotive body shops and repair centers use automotive refinish coatings for refinishing the vehicles. These coatings are applied to new/old passenger and commercial vehicles to cover up the damages on the body caused by extreme temperatures, accidents, and impacts from stones. Some commonly used refinish coatings include primer, filler, topcoat and the basecoat, and activator or hardener coatings. The automotive refinish coatings market also enhances the appearance of vehicles and improves their durability, along with growing demand for recreational vehicles and an increase in the number of vehicle collisions on a large scale. Automotive refinish coatings covers the painting of cars, trucks, or other vehicles, partly or totally, and of single parts of vehicles, often after mechanical or coachwork repairing.

Asia-Pacific Automotive Refinish Coatings market report has been produced with the systematic gathering of market information for this industry. All this information is supplied in such a way that it properly gives explanation of various facts and figures to the business. The market data provided in the report helps to discover diverse market opportunities present worldwide for this industry. Taking up such market research report is all the time beneficial for any company, whether it is a small scale or large scale, for marketing of products or services. Analytical study of Asia-Pacific Automotive Refinish Coatings market survey report helps in mapping growth strategies to increase sales and build brand image in the market.

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Asia-Pacific Automotive Refinish Coatings Market Analysis and Size

Extensive applications in producing lightweight plastics for automotive components and rapid industrialization and surge in disposable income of the middle-class population of emerging economies are expected to drive the demand for the Asia-Pacific automotive refinish coatings market. However, guidelines regulating the production and usage of automotive refinish may further restrict the market's growth.

Asia-Pacific Automotive Refinish Coatings market report is the comprehensive background analysis of the industry, which includes an assessment of the parental market. It deeply attempts to determine the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. The base year for calculation in the report is taken as 2021 while the historic year is 2020 which will tell how the Asia-Pacific Automotive Refinish Coatings market will perform in the forecast years by informing what the market definition, classifications, applications, and engagements are. It is believed that granular information can help clients take efficient business decisions and hence the report provides the same.

COVID-19 Had a Minimal Impact on Automotive Refinish Coatings Market

COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. Due to the lockdown, the automotive refinish coatings market has experienced a significant impact on the import and export of automotive refinish products over the past few years. The growing demand for consumer products will increase the automotive refinish coating market.

Competitive Landscape and Asia-Pacific Automotive Refinish Coatings Market Share Analysis

The Asia-Pacific automotive refinish competitive market landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production Asia-Pacific cities, company strengths, and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Asia-Pacific automotive refinish market.

Some of the major players operating in the automotive refinish coatings market are
3M,
BASF SE,
PPG Industries, Inc.,
Sherwin-Williams Company,
Axalta Coating Systems, LLC,
Akzo Nobel N.V.,
Kansai Paint Co., Ltd.,
Guangzhou Zhenroumei Chemical Coating Limited,
The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway),
RPM International Inc.,
Berger Paints India Limited,
NOROO Paint & Coatings co. Ltd.,
NIPSEA Group,
KCC CORPORATION 
Others.

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Asia-Pacific Automotive Refinish Coatings Market Scope

The Asia-Pacific automotive refinish coatings market is segmented based on resin type, product type, component type, formulation, vehicle age and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 Resin Type

Epoxy
Acrylic
Polyester
Alkyd
Polyurethane
Vinyl
Others

On the basis of resin type, the market is segmented into epoxy, acrylic, polyester, alkyd, polyurethane, vinyl and others.

Product Type

Basecoats
Primer & Filler
Clearcoats
Activator/Hardeners
Others

On the basis of product type, the market is segmented into basecoats, primer & filler, clearcoats, activator/hardeners and others.

 Component Type

Two Component (2k)
One Component (1k)

On the basis of component type, the market is segmented into two component (2k) and one component (1k).

Formulation

Solvent Borne Coatings
Water Borne Coatings
High Solid Coatings
UV Cured
Others

On the basis of formulation, the market is segmented into solvent borne coatings, water borne coatings, UV cured, high solid coatings and others.

Vehicle Age

Less than 5 years
5-10 years
More than 10 years

On the basis of vehicle age, the market is segmented into less than 5 years, 5-10 years and more than 10 years.

Application

Passenger Cars
Two-Wheelers
Commercial Vehicles
Industrial Vehicles

On the basis of application, the market is segmented into passenger cars, two-wheelers, commercial vehicles and industrial vehicles.

Asia-Pacific Automotive Refinish Coatings Market Regional Analysis/Insights

The Asia-Pacific automotive refinish coatings market is analyzed, and market size insights and trends are provided by country, resin type, product type, component type, formulation, vehicle age, and application, as referenced above.

The countries covered in the Asia-Pacific automotive refinish coatings market report are China, India, Japan, South Korea, Australia & New Zealand, Singapore, Indonesia, Philippines, Thailand, Malaysia, and the Rest of Asia-Pacific.

China dominates the automotive refinish coatings market due to the rising research and advancement activities for advancing new grades of automotive refinish in the region.

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