Automotive Refinish Coatings Market is Expected to Reach US$ 11 Billion by 2021

New York, May 09: Market Research Engine has published a new report titled as “Automotive Refinish Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023”

The global automotive refinish coatings market is expected to grow at a CAGR of 6 % during the forecast period (2015–2021) and would reach $11 billion by 2021.

Browse Full Report: https://www.marketresearchengine.com/reportdetails/automotive-refinish-coating-market

The Automotive vehicles need to be repaired at a frequency as there are damages caused due to external factors such as stones, damages due to accidents and other reasons. The market witnessed a vast growth in the last 5 to 6 years due to the increase in the number of the vehicle collisions and the inclination of the people to repair them.

The key market players have adopted different strategies to boost the market. Acquisition and expansion are one of the best strategies to boost the market. Asia Pacific is the largest consumer of the automotive refinish market which accounts for more than 35% of the total consumption.

The major driving factors Automotive Refinish Coating Markets are as follows:

• Increasing number of accidents, adoption of newer technologies and rising disposable income in the developing economies.
• Growing demand of recreational vehicles in the developed regions of North America and Europe.

The restraints factors of Automotive Refinish coating market are as follows:

• Government regulations on the utilization of high volatile organic compounds (VOC) level coatings is increasing which may affect the growth of solvent-borne market.

The Automotive Refinish Coating market is segmented based on Product type such as Primer Basecoat, Clearcoat, Activator, Filler & Putty, Others. The Automotive Refinish Coating market is segmented based on Technology as Solvent-borne Coatings, Water-borne Coatings, UV-cured Coatings. The Automotive Refinish Coating market is segmented based on Resin as Polyurethane, Alkyd, Acrylic, Others.

The Automotive Refinish Coating market geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global Automotive Refinish Coating Market and related technologies.

2) Analyses of global market trends and projections of compound annual growth rates (CAGRs) through 2020.

3) Identifications of new market opportunities and targeted promotional plans for Automotive Refinish Coating Market.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets for various types of Automotive Refinish Coating market with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Axalta Coating Systems, BASF SE, Kansai Paint Co. Ltd., Mitsui Chemicals, PPG Industries, Inc., Nippon Paints, Sherwin Williams, 3M Co. and Matrix System Automotive Finishes. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

Market segmentation of Automotive Refinish Coating Market:

Market by Product Types

• Primer
• Basecoat
• Clearcoat
• Activator
• Filler & Putty
• Others

Market by Technology

1. Solvent-borne Coatings
2. Water-borne Coatings
3. UV-cured Coatings

Market by Resin

• Polyurethane
• Alkyd
• Acrylic
• Others

Market by Geography

• North America
• Europe
• Asia-Pacific
• LAMEA

Reasons to buy this Report:

1) Obtain the most up to date information available on all active and planned Automotive Refinish Coating Market globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Automotive Refinish Coating Market industry and unit capacity data.
4) Assess your competitor’s refining portfolio and its evolution.

About MarketResearchEngine.com

Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.

Media Contact

Company Name: Market Research Engine
Contact Person: John Bay
Email: john@marketresearchengine.com
Phone: +1-855-984-1862, +91-860-565-7204
Country: United States
Website: https://www.marketresearchengine.com/

Address: 3422 SW 15 Street, Suite #8942, Deerfield Beach, FL 33442, United States

This release was published on openPR.