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Automotive Refinish Market Report 2024: Size, Share, Growth, Trends, Competitive Landscape, Forecast to 2033
Automotive Refinish Market
As per the report, the automotive refinish market size has grown strongly in recent years. It will grow from $11.60 billion in 2023 to $12.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The automotive refinish market size is expected to see strong growth in the next few years. It will grow to $16.20 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
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What Is Driving The Growth Of The Global Automotive Refinish Market?
Growth In Automotive Refinish Market Driven By Increasing Vehicle Accidents And Damages
The rise in instances of accidents and vehicle damages is expected to propel the growth of the automotive refinish market going forward. The main causes of the rise in instances of accidents and vehicle damages include driver behavior such as speeding, distracted driving, and drunk driving, as well as unsafe road infrastructure and vehicle design. Automotive refinishing is used for repairing and restoring vehicle exteriors after accidents or damages, ensuring aesthetic and structural integrity. It helps maintain the vehicle's appearance and resale value
What Is The Key Trend In The Global Automotive Refinish Market?
Advanced Low-Gloss Clearcoat Systems For Automotive Refinishing
Major companies operating in the automotive refinish market are focusing on technological advancements, such as low-gloss clearcoat systems, to better serve customers. A low-gloss clearcoat system is a type of automotive clear coat that can reproduce a range of gloss levels, making it ideal for applications that require a matte or satin finish rather than a high-gloss shine.
How Is The Global Automotive Refinish Market Segmented?
The automotive refinish market covered in this report is segmented -
1) By Product Type: Primer, Base Coat, Top Coat, Clear Coat
2) By Material Type: Polyurethanes, Acrylics, Alkyd
3) By Technology: Solvent Borne, Water Borne, Ultraviolet (UV) Cure
4) By Applications: Passenger Vehicle, Commercial Vehicle
5) By End User: Original Equipment Manufacturer (OEM), Aftermarket
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How Is The Competitive Landscape Of The Global Automotive Refinish Market?
Major companies operating in the automotive refinish market are BASF SE, 3M Company, WEG SA, The Sherwin-Williams Company, Covestro AG, PPG Industries Inc., AkzoNobel N.V., Nippon Paint Holdings Co. Ltd., KCC Corporation, Axalta Coating Systems Ltd., Kansai Paint Co. Ltd., Allnex Group, Reichhold LLC, Samhwa Paints Industrial Co. Ltd, Novol Sp. Z.o.o, James Briggs Limited, SEM Products Inc., HMG Paints Ltd, Bernardo Ecenarro S.A., KAPCI Coatings, Alps Coating Sdn. Bhd., NOROO Paint & Coatings Co. Ltd., TOA Performance Coating Corporation CO. Ltd.
Contents Of The Global Automotive Refinish Market
1. Executive Summary
2. Automotive Refinish Market Report Structure
3. Automotive Refinish Market Trends And Strategies
4. Automotive Refinish Market - Macro Economic Scenario
5. Automotive Refinish Market Size And Growth
…..
27. Automotive Refinish Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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