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Global Automotive Refinish Coatings Market Size, Competitive Landscape, Regional Outlook and Driving Factors Analysis, Forecast to 2032
Automotive Refinish Coatings Market
The global automotive refinish coatings market size is expected to grow from $8.80 billion in 2022 to $9.34 billion in 2023, at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive refinish coatings market size is expected to grow to $11.46 billion in 2027 at a CAGR of 5.3%.
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Major players in the automotive refinish coatings market are KCC Corporation, BASF SE, PPG Industries Inc., Nippon Paint Holdings Company Limited, KAPCI Coatings Company, The Valspar Corporation, The Sherwin-Williams Company, 3M Company, Akzo Nobel NV, Kansai Paint Company Limited, Bernardo Ecenarro SA, SEM Products Inc., Sheboygan Paint Company, Crest*a Paint Industries Limited, and Alps Coating Sdn Bhd.
Technological advancements are the key trend gaining popularity in the automotive refinish coatings market. Major companies operating in the market are introducing advanced technological solutions to sustain their position in the market.
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The Automotive Refinish Coatings market is segmented -
1) By Product Type: Primer, Basecoat, Clearcoat, Activator, Filler, and Putty
2) By Technology: Solvent-borne Coatings, Water-borne Coatings, UV-cured Coatings, High Solid Coatings, Powder Coatings
3) By Resin: Polyurethane, Alkyd, Acrylic, Epoxy
4) By Application: Passenger Cars, Commercial Vehicles, Two-Wheeler
5) By End Use: OEM, Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Refinish Coatings market.
The Business Research Company's "Global Automotive Refinish Coatings Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Refinish Coatings Market Include:
1. Executive Summary
2. Automotive Refinish Coatings Market Characteristics
3. Automotive Refinish Coatings Market Trends And Strategies
4. Automotive Refinish Coatings Market - Macro Economic Scenario
5. Automotive Refinish Coatings Market Size And Growth
.....
26. Africa Automotive Refinish Coatings Market
27. Automotive Refinish Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Refinish Coatings Market
29. Automotive Refinish Coatings Market Future Outlook and Potential Analysis
30. Appendix
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