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Automotive refinish are a functional coating formulated to be used on damaged surfaces of automotive exteriors in order to restore them, realizing the same feeling of color as that of new vehicles.
The global automotive refinish market size was USD 2.2 billion in 2016 and increasing automotive refinish demand in light of rising road collisions and aftermarket modifications will fuel market growth. Growing consumption of refinish coatings in automotive maintenance, repair, and aftermarket painting on account of excellent visual appearance, surface protection, resistance to corrosion, extreme weather, temperature, heat and water is expected to promote industry expansion.
Solvent borne technology accounted for 51% of the global Revenue share in 2016 and is expected to witness slow growth owing to stringent regulations on VOC emission levels. However, improvements in technologies and innovations have led to the development of high solid formulations. High solid formulations are widely used owing to high-quality finish and reduced emissions, which in turn will augment solvent borne coatings industry size over the forecast period.
The industry is extremely competitive in nature with the key players involved in R&D and continuous product innovation. PPG Industries, Sherwin-Williams (Valspar), Axalta Coating Systems, Akzo Nobel, BASF were the major players and accounted for over 85% of the overall market share in 2016.
Market Analysis and Insights: Global Automotive Refinish Market
The global Automotive Refinish market was valued at US$ XX in 2020 and will reach US$ XX million by the end of 2027, growing at a CAGR of XX% during 2022-2027.
Global Automotive Refinish Scope and Market Size
The global Automotive Refinish market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Refinish market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Solvent Borne
Water Borne
Others
Segment by Application
Passenger Vehicle
Commercial Vehicle
The Automotive Refinish market is analysed and market size information is provided by regions (countries). Segment by Application, the Automotive Refinish market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
PPG Industries
Sherwin-Williams (Valspar)
Axalta Coating Systems
Akzo Nobel
BASF
The global automotive refinish market size was USD 2.2 billion in 2016 and increasing automotive refinish demand in light of rising road collisions and aftermarket modifications will fuel market growth. Growing consumption of refinish coatings in automotive maintenance, repair, and aftermarket painting on account of excellent visual appearance, surface protection, resistance to corrosion, extreme weather, temperature, heat and water is expected to promote industry expansion.
Solvent borne technology accounted for 51% of the global Revenue share in 2016 and is expected to witness slow growth owing to stringent regulations on VOC emission levels. However, improvements in technologies and innovations have led to the development of high solid formulations. High solid formulations are widely used owing to high-quality finish and reduced emissions, which in turn will augment solvent borne coatings industry size over the forecast period.
The industry is extremely competitive in nature with the key players involved in R&D and continuous product innovation. PPG Industries, Sherwin-Williams (Valspar), Axalta Coating Systems, Akzo Nobel, BASF were the major players and accounted for over 85% of the overall market share in 2016.
Market Analysis and Insights: Global Automotive Refinish Market
The global Automotive Refinish market was valued at US$ XX in 2020 and will reach US$ XX million by the end of 2027, growing at a CAGR of XX% during 2022-2027.
Global Automotive Refinish Scope and Market Size
The global Automotive Refinish market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Refinish market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Solvent Borne
Water Borne
Others
Segment by Application
Passenger Vehicle
Commercial Vehicle
The Automotive Refinish market is analysed and market size information is provided by regions (countries). Segment by Application, the Automotive Refinish market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
PPG Industries
Sherwin-Williams (Valspar)
Axalta Coating Systems
Akzo Nobel
BASF
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
