Press release
Automotive Refinish Coatings Market Size, Industry Share, Trends Analysis And Forecast To 2032
Automotive Refinish Coatings Market Analysis
The Business Research Company's Automotive Refinish Coatings Global Market Report 2023 identifies rising number of accidents as the major driver for the automotive refinish coatings market's growth in the forecast period. Accidents refer to any injury due to crashes involving a vehicle partially or fully on a public road. Automotive refinish coatings help to cover the damages caused to the vehicle body due to accidents. For instance, in January 2022, according to the Times of India, an Indian daily newspaper, road crashes rose by 10% in 2021, and over 400 people died in accidents. The number of road accidents was 796 in 2020, which increased to 874 in 2021. The number of road accidents in 2020 accounted for 347, which increased to 389 in 2021. Therefore, the rising number of accidents is driving the growth of the 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%.
Download Free Sample Of Automotive Refinish Coatings Market Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=8109&type=smp
Major competitors in the automotive refinish coatings market are KCC Corporation, BASF SE, PPG Industries Inc., Nippon Paint Holdings Company Limited, KAPCI Coatings Company.
A key trend in the automotive refinish coatings market includes technological advancement. Major companies operating in the market are introducing advanced technological solutions to sustain their position in the market. For instance, in January 2021, Nippon Paint Group, an India-based company that manufactures paint and coatings, launched its next-generation 'Paint Partner' digital color solutions. This technology is the latest digital color formula retrieval and correction system that is integrated with a spectrophotometer tool. Paint Partner is supported across all platforms, including the Web, Windows, and mobile apps (both iOS and Android). It has been integrated into two multi-angle spectrophotometers, one of which has a colored camera. Both of the devices have firmware that is specifically designed for Nippon Paint, are branded, Wi-Fi enabled, and have other powerful features like touch screens, colored user interfaces (UI), the ability to choose flake or aluminum, and the ability to recommend a primer or surfacer. The equipment is designed to offer a distinctive and cutting-edge solution to the automotive painting industry and works with both solvent-borne and water-borne paint systems.
Read More On The Global Automotive Refinish Coatings Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-refinish-coatings-global-market-report
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.
Explore Buying Options For The Automotive Refinish Coatings Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8109
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
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
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 Size, Industry Share, Trends Analysis And Forecast To 2032 here
News-ID: 3199538 • Views: …
More Releases from The Business research company
Key Trends Influencing the Growth of the Granite And Marble Countertops Market i …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Granite And Marble Countertops Market Through 2025?
In the recent past, the market for granite and marble countertops has seen significant growth. The size of the market is projected to expand from $14.54 billion in 2024 to $15.45 billion in 2025, with…
Surge In Commercial Infrastructure Demand Fueling The Growth Of The Market Due T …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Glass Panel Frameless Railing Market Size Growth Forecast: What to Expect by 2025?
The market size for frameless glass panel railings has experienced a robust expansion in the past few years. The market, which was valued at $2.32 billion in 2024, is projected to increase to $2.54 billion in…
Formwork Plywood: A Leading Driver Behind Increasing Construction Activities Fue …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Formwork Plywood Industry Market Size Be by 2025?
There has been a consistent growth in the formwork plywood market size in the past few years. The market is projected to escalate from $7.56 billion in 2024 to $7.85 billion in 2025, recording a compound annual growth…
Comprehensive Floor Underlayment And Padding Market Forecast 2025-2034: Growth T …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Floor Underlayment And Padding Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for floor underlayment and padding has seen substantial growth in recent times. The market value is projected to increase from $16.63 billion in 2024 to $17.94 billion in 2025, with…
More Releases for Coatings
Cooling Coatings: Low Temperature Powder Coatings Surge
The Business Research Company recently released a comprehensive report on the Global Low Temperature Powder Coatings Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free…
Industrial Coatings Market Demand Analysis by Silicone, Ceramic, Formaldehyde, R …
Download Free PDF Brochure of Industrial Coatings: Technologies Now at
http://www.rnrmarketresearch.com/contacts/request-sample?rname=1809244 .
The industrial coatings market has grown significantly during the past few years and is expected to grow at a more rapid pace in the next five years. The market continues to expand; new technological developments and industry changes have taken place. Demand is expected to increase due to a broad range of uses in the machinery, equipment, appliance, wood, coil…
Powder Coatings Market to 2023 : BASF Coatings, Bayer Materials Science, DOW Che …
Researchmoz added Most up-to-date research on "Powder Coatings: Materials, Technologies and Applications" to its huge collection of research reports.
"Summary
The global market for powder coatings was nearly REDACTED in 2016 and over REDACTED in 2017, increasing to a projected REDACTED in 2022, a CAGR of REDACTED between 2017 and 2022. The total value of the powder coating market, including powder materials, coating equipment, and services, was nearly REDACTED in 2016…
Global Acrylics Coatings Market By Type: Water-based Acrylics Coatings and Solve …
Researchmoz added Most up-to-date research on "Global Acrylics Coatings Market By Type: Water-based Acrylics Coatings and Solvent-based Acrylics Coatings" to its huge collection of research reports.
This report researches the worldwide Acrylics Coatings market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Acrylics Coatings breakdown data by manufacturers, region, type and application, also analyzes the…
Global Marking Coatings Market 2018| Sherwin Williams, Diamond Vogel, NCP Coatin …
Albany, NY, 27th August : Recent research and the current scenario as well as future market potential of "Global Marking Coatings Market Professional Survey Report 2018" globally.
This report studies the global Marking Coatings market status and forecast, categorizes the global Marking Coatings market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and…
United States Paint and Coatings Market, 2017: By Product Types - Waterborne Coa …
Researchmoz added Most up-to-date research on "United States Paint and Coatings Market, 2017: By Product Types - Waterborne Coatings, High-solids Coatings, Powder Coatings & Others" to its huge collection of research reports.
This report studies sales (consumption) of Paint and Coatings in United States market, focuses on the top players, with sales, price, revenue and market share for each player, covering
PPG
Akzo Nobel
Kansai Paint
Nippon Paint
BASF
Axalta (formerly DuPont)
Chugoku Marine Paint
Valspar
Sherwin-Williams
Hempel
Market Segment by States,…
