openPR Logo
Press release

Automotive Refinish Coatings Market to Witness an Outstanding Growth at 5.8% CAGR by 2027

11-10-2017 06:58 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Automotive Refinish Coatings Market to Witness an Outstanding

Future Market Insights’ newly published market report, “Automotive Refinish Coatings Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” examines the automotive refinish coatings market and offers crucial market insights for the next 10 years. According to the report, the estimated value of the global automotive refinish coatings market in 2017 is US$ 5,419.5 Mn and is expected to expand at a CAGR of 5.8% to reach US$ 9,560.3 Mn by the end of the forecast period in 2027.

Global Automotive Refinish Coatings Market: Dynamics

The global automotive refinish coatings market is expected be driven by a growing demand from the rapidly growing sales of pre-owned vehicles and from the paint and coating industry. Advancements pertaining to product developments in paints and coatings industries is expected to result in the rise in demand for automotive refinish coatings as a part of product quality enhancement procedures. This in turn is expected to drive revenue growth of the automotive refinish coatings market across different regions. Major players involved in the automotive refinish coatings market are emphasising on acquisitions, partnerships and collaborations in order to enhance their operational efficiency. Also, strategic collaborations and joint ventures that improve the sales & distribution network are expected to gain momentum during the forecast period.

Read Report Overview @ https://www.futuremarketinsights.com/reports/automotive-refinish-coatings-market

According to some environmental regulations by the U.S. Government, water borne based coatings and UV Cure based coatings are considered as a safe coatings. Solvent borne based coatings are harmful as they release VOCs in high concentration. Such regulations governing the usage of paints and coatings are restraining growth of the automotive refinish coatings market.

Global Automotive Refinish Coatings Market: Segmental Analysis & Forecast

On the basis of vehicle type, the passenger cars segment is anticipated to play a crucial role in building market revenue. The passenger cars segment is estimated to lead the overall automotive refinish coatings market accounting for an estimated share of more than 75% in the global market value by the end of 2017.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-413

In terms of technology, the water borne segment is expected to witness rising growth in revenue during the forecast period. As per the forecast this segment is slated to account for more than 45% share in overall market value by the end of the forecast period. This is largely due to the massive applications of automotive refinish coatings in paints to prevent corrosion, and low emission of VOCs, thereby driving market share globally.

By product type, the base coat segment dominates the global automotive refinish coatings market. Globally, demand for base coats is high due to the fact that this is the first coat to be applied in refinish coatings. The base coat segment is expected to represent a market attractiveness rating of 5.0 and be a relatively attractive segment during the forecast period.

In terms of material type, the polyurethanes segment is expected to hold over 40% market share by volume during the forecast period. The acrylics segment is expected to expand at a significant CAGR over the forecast period.

By end use, the aftermarket segment is estimated to hold over 60% market share both by value and volume during the forecast period. The aftermarket segment is expected to represent a higher incremental $ opportunity than the OEM segment.

Request to View TOC @ https://www.futuremarketinsights.com/toc/rep-gb-413

On the basis of region, APEJ is anticipated to dominate the global automotive refinish coatings market throughout the forecast period. The regional market is expected to expand at a CAGR of 6.2% in terms of value during the forecast period. The market in North America is anticipated to register a value CAGR of 5.7% during forecast period. These two regions are expected to register relatively faster growth during the forecast period.

Global Automotive Refinish Coatings Market: Competitive Landscape

Some of the players reported in this study on the global automotive refinish coatings market are 3M Akzo Nobel N.V., Axalta Coating Systems PPG Industries, The Sherwin Williams Company, The Dow Chemical Company, HMG Paints Limited Covestro AG, DSM Nippon Paint Holdings Co., Ltd, U.S. Paint Corporation Kansai Paint Co., Ltd., KCC Corporation SEM Products Inc. Yashm Paint & Resin Industries, Samhwa Paints Industrial Co., Ltd, Novol Sp. Z.o.o. Noroo Paint & Coatings, The Lubrizol Corporation WEG Group among others. Industry players over the recent past have been channelizing efforts towards innovative product development.

Buy Automotive Refinish Coatings Market Research Report @ https://www.futuremarketinsights.com/checkout/413

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

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 to Witness an Outstanding Growth at 5.8% CAGR by 2027 here

News-ID: 810303 • Views: 114

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Coating

Epoxy Polyester Powder Coating Market Analysis & Forecast 2019 | Rapid Coat ,Co …
The research study presented here is a highly detailed and meticulous account of almost all key aspects of the Global Epoxy Polyester Powder Coating Market. It digs deep into market dynamics including growth drivers, challenges, restraints, trends, and opportunities. Market players can use the research study to tighten their grip on the global Epoxy Polyester Powder Coating market as they gain sound understanding of market competition, regional growth, segmentation, and
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Automotive Paint & Coating Market: PPG Industries, BASF, Axalta Coating Systems
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Automotive Paint & Coating Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This industry study presents the global Automotive Paint & Coating market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Paint & Coating production, revenue and market share by manufacturers, key regions and type; The consumption of Automotive Paint & Coating in
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Automotive Refinish Market Report 2018: Segmentation by Product (Waterbased Coat …
Global Automotive Refinish market research report provides company profile for Nipsea Group, Valspar Paint, KCC, Henkel, Nipponpaintholding, NOROO, Akzonobel, PPG Industries, Sherwin Williams, Basf Coatings and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc.