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Global Refinish Paint Market Research Report by Manufacturers, Regions, Type and Application, Forecast to 2024
Global Refinish Paint Market– Industry Trends and Forecast to 2025
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The Global Refinish Paint Market accounted for USD 7.10 billion in 2017 and is projected to grow at a CAGR of 4.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Competitive Landscape:
The global refinish paint market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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TOP Competitors of Market:
Some of the major players in refinish paint market Are:-
• Axalta Coating Systems,
• PPG Industries,
• BASF SE,
• Akzonobel NV,
• Sherwin-Williams,
• 3M,
• Kansai Paint,
• Nippon Paint,
• KCC,
• Donglai Coating,
• Novol,
• Noroo Paint & Coatings,
• Lubrizol,
• Kapci Coatings,
• Guangzhou Zhenroumei Chemical Coatings,
• Besa,
• Cresta Paint Industries,
• TOA Performance Coating,
• HMG Paints,
• Weg Group,
• Samhwa Paints Industrial,
• Alps Coatings,
• Rock Paint,
• James Briggs,
• Mipa
• Among Others.
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Market Defination:-
Refinish paints are used in the automotive industry for the painting of the automobiles. The demand for refinishes paints is majorly driven by the increase in the automobile industry across the globe. The refinish paints are used in different type of vehicle type such as passenger car, buses, LCV and trucks, which is expected to be one of the major drivers of the market over the next seven years.
Major Market Drivers:
• High demand for vehicle usage
Market Restraint:
• Flexibility in raw material prices
• Improved safety features on advanced vehicles
Market Segmentation:
The Refinish Paint Market is segmented on the basis of resin into polyurethane resin, epoxy resin, acrylic resin and others.
On the basis of technology:- The market is segmented into solventborne coating, waterborne coating and powder coating.
On the basis of vehicle type:- the market is segmented into passenger car, buses, LCV and trucks.
On the basis of layer:-The market is segmented into sealer, primer, basecoat and clearcoat.
On the basis of geography:- The refinish paint market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Browse full report Here @ http://databridgemarketresearch.com/reports/global-refinish-paint-market/
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