Demand for Automotive Refinish Coatings Expected to Soar in APAC in Future

The global automotive refinish coatings market is expected to reach USD 11.34 Billion by 2026, according to a new report by Reports and Data.

This can be mainly associated with the increasing disposable income, changing lifestyle and buying behavior of people, and the demand for luxury vehicles from the segment.Automotive refinishing coatings are used by the end-users, to address the growing need for up-to-date maintenance and servicing of vehicles to enhance the look and durability of the vehicles and by protecting them from damages due to harsh temperatures and UV radiation.

Developments and innovations in coatings, such as high-tech eco-friendly coating materials having low solvent content is another factor fueling the growth of the market.Automotive Refinish Coatings Market Size – USD 8.39 Billion in 2018, Market Growth - CAGR of 3.8%, Market Trends – Rise of environment friendly coating technologies.Stringent regulations regarding various VOC-containing products is one of the factors restraining the growth of the market.

The use of VOC-containing products, releases VOCs causing air pollution and smog, to improve the same, Governments of many countries have implemented a series of control measures.Request A Free Sample : https://www.reportsanddata.com/sample-enquiry-form/1248Further key findings from the report suggestThe market is segmented on the basis of resin type into epoxy, alkyd, polyurethane, others.The polyurethane segment dominated the market in 2018, and is forecasted to grow at a CAGR of 2.2% during the forecast period, since it is less expensive, environment-friendly and also versatile.The market is segmented on the basis of product into primer, basecoat, clear coat, activator, filler & putty.Clear coats, which provide protection to the paint on the vehicles from sun, dust or water, hold the largest share of the market in 2018.

It is expected to have a growth rate of 3.4% during the forecast period.Solvent-borne coatings hold the largest share in the market in 2018 with a CAGR of 2.9% during the forecast period, the reason is because of its cost effectiveness as compared to other technologies.The market is segmented on the basis of substrate into glass, metal, plastic, and others.The market is segmented on the basis of applications into commercial vehicles, passenger vehicles, and two wheelers.The passenger vehicles segment had the largest market share of ~43% of the market in 2018, in terms of revenue.

The demand is expected to substantially increase because of high disposable incomes, changing buying behavior and demand for luxury cars.The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America and MEA.Key participants include PPG Industries Inc., The Sherwin Williams Company, Axalta Coating systems Ltd., AzkoNobel N.V BASF SE, Convestro AG, Kansai Paints Co. Ltd., Esdee Paint Ltd., KCC Corporation, KAPCI Coating Co. Ltd., NOROO Paint & Coatings Co. Ltd, The Lubrizol Corporation, S.Coat Co., Ltd., Nippon Paint Holding Co. Ltd., and Berger Paints India Ltd., among others.The companies have adopted various strategies including mergers, acquisitions and partnerships to hold on going trails and come up with new developments in the market.To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/automotive-refinish-coatings-marketFor the purpose of this report, Reports and Data have segmented global automotive refinish coatings Market on the basis of resin type, product, technology, substrate, application, and region:Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)EpoxyAlkydPolyurethaneOthersProduct Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)PrimerBasecoatClearcoatActivatorFillerPuttyTechnology Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)Solvent-borne CoatingsWater-borne CoatingsUV-cured CoatingsSubstrate Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)GlassMetalPlasticOtherApplications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)Commercial vehiclesLight Commercial Vehicle (LCV)Heavy Commercial Vehicle (HCV)Passenger vehiclesCompactExecutiveLuxuryTwo-wheelerObjectives of the report:To study the current impact of COVID-19 on leading segments of the industry and to project changes in the sector due to the pandemic.To calculate the market size, in both value and volume, and CAGR for the base year and the forecast period.To study the technological advancements in the sector in recent years and the technological pipeline and project the impact of the pandemic on technological advancements and spending by companies.To conduct a regional analysis by considering market presence in the leading regions.To study key trends observed in the historical analysis and speculate future trends.To assess the region expected to grow at a significant pace in the coming years and key factors contributing to the overall revenue.To highlight the existing growth opportunities, challenges, risks, drivers, and constraints expected to affect the market in the coming years.To profile leading companies in the industry, along with their product portfolios and strategic alliances.Thank you for reading our report.

The Automotive Refinish Coatings market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period.

In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Refinish Coatings.This report presents the worldwide Automotive Refinish Coatings market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.Key Questions Addressed by the ReportWhat is the growth perspective of the Automotive Refinish CoatingsMarket and the key dynamics and trends governing the market?What are key sustainability strategies adopted by the leading players in the Automotive Refinish CoatingsMarket?What are the new and emerging technologies and use cases disrupting the Automotive Refinish Coatingsindustry?What are the key applications where Automotive Refinish Coatingsplays a significant role?Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-automotive-refinish-coatings-2025-504This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.The following manufacturers are covered in this report:BASFAkzoNobelPPG IndustriesAxalta Coating SystemsSherwin-WilliamsValspar CorporationNippon PaintBerger PaintsKansai PaintKAPCI CoatingsKCC CorporationCabot CorporationColor CommunicationNOROO Paints & CoatingsAlsa RefinishDiamond VogelDonglaiAutomotive Refinish Coatings Breakdown Data by TypeSolvent-borne CoatingsWater-borne CoatingsUV Cured Coatings)Automotive Refinish Coatings Breakdown Data by ApplicationPassenger VehicleLight Commercial VehicleHeavy Commerical VehicleAutomotive Refinish Coatings Production by RegionUnited StatesEuropeChinaJapanOther RegionsAutomotive Refinish Coatings Consumption by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceUKItalyRussiaRest of EuropeCentral & South AmericaBrazilRest of South AmericaMiddle East & AfricaGCC CountriesTurkeyEgyptSouth AfricaRest of Middle East & AfricaThe study objectives are:To analyze and research the global Automotive Refinish Coatings status and future forecast?involving, production, revenue, consumption, historical and forecast.To present the key Automotive Refinish Coatings manufacturers, production, revenue, market share, and recent development.To split the breakdown data by regions, type, manufacturers and applications.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends, drivers, influence factors in global and regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Automotive Refinish Coatings :History Year: 2014 - 2018Base Year: 2018Estimated Year: 2019Forecast Year: 2019 - 2025This report includes the estimation of market size for value (million USD) and volume (K Units).

Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Refinish Coatings market, to estimate the size of various other dependent submarkets in the overall market.

Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.For the data information by region, company, type and application, 2018 is considered as the base year.

Whenever data information was unavailable for the base year, the prior year has been considered.The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, restraints, current trends of the past and present times, supervisory scenario, and technological growth.

Recently published a report entitled Automotive Refinish Coatings Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.

Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The study offers a decisive view of the global automotive refinish coatings market by segmenting it in terms of material type, coating structure, vehicle type, and resin type.

The report analyzes these subsets with respect to the regional segmentation.

This research study will prepare marketers for the evolving needs of their customers.Request a FREE Sample Copy of Global Automotive Refinish Coatings Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/automotive-refinish-coatings-market/download-sampleBy Material TypeUV-Cured CoatingsWater-Borne CoatingsSolvent-Borne CoatingsBy Coating StructureBase CoatPrimerClear CoatTop CoatBy Vehicle TypePremium Passenger CarsLight Commercial VehiclesCompact Passenger CarsLuxury Passenger CarsMid-sized Passenger CarsHeavy Commercial VehiclesBy Resin TypePolyurethaneAlkydAcrylicThis research report also includes profiles of major companies operating in the global market.

Some of the prominent players operating in the global Automotive Refinish Coatings market are 3M Company, AkzoNobel N.V., Axalta Coating Systems Ltd, BASF SE, DowDuPont Inc., Kansai Paint Co., Ltd., KCC Corporation, Nippon Paint Holdings Co Ltd, PPG Industries Inc., and The Sherwin-Williams Company.

This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.This section covers automotive refinish coatings market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

According to the new market research report by IndustryARC titled “Automotive Refinish Coatings Market: By Technology (Solvent-Borne, Aqueous, Powdered, Others); By Layer (Surfacers, Sealers, Primers, Undercoats, Topcoats, Others); By Component; By Vehicle Type (Passenger Car, Commercial Vehicle, Motorcycle); By Geography (North America, Europe, APAC and Row) – Forecast Period (2018–2023),” the market will be driven by increasing sales of vehicles and easy availability of auto loans.

North America to Dominate the Automotive Refinish Coatings Market:North America is expected to dominate the Automotive Refinish Coatings market during the forecast period.

The increasing number of used vehicles will also fuel the demand for automotive refinish coatings in the region.

There is a high demand for water-borne coatings from original equipment manufacturers (OEMs) due to their benefits over solvent-borne based coatings, which contain high levels of volatile organic compounds (VOCs).

• Increased investments in R activities will augment the Automotive Refinish Coatings market during the forecast period.

Key Players of the Automotive Refinish Coatings Industry:The key players include PPG Industries, BASF SE, and Axalta Coating Systems.

The new research report titled "Automotive Coatings Market Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.

The report highlights the significant players, including market size, share, and demand, development.

This report further covers the latest trends, technological advancements, and growth opportunities.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.

The key players in the automotive coatings market includes AkzoNobel, Axalta Coating Systems, BASF, Bayer AG, Kansai Paint, KCC Paint, Nippon Paint, PPG Industries, Sherwin-Williams Company, Valspar Corporation, and others.

An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Automotive Coatings Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/automotive-coatings-market/download-sampleMarket DynamicsThe market of automotive coatings is gaining substantial growth on the account of the increasing production of vehicles and rising demand of automotive refinish for improving appearance and durability of the automobiles.

Also, rising production of hybrid and electric vehicles coupled with the advancement in the coating technology is further anticipated to foster the market growth.

The International Organization of Motor Vehicle Manufacturers (OICA) states that 139,886 commercial vehicles and 551,400 cars were manufactured in Indonesia in 2020.

OICA further mentions that the country recorded sales of 388,925 passenger cars and 143,152 commercial vehicles in 2020.

Original equipment manufacturers (OEMs) and aftermarkets across Indonesia are using refinish coatings on passenger cars and commercial vehicles to increase vehicle age and enhance the aesthetics of such automobiles.

Apart from commercial vehicles and passenger cars, such coatings are also applied on two-wheelers for protective and decorative purposes.Thus, the escalating automobile sales in this Asian country, primarily on account of the mounting disposable income of people, will help the Indonesian automotive refinish coatings market progress at a CAGR of 4.9% during 2018–2023.

The market revenue stood at $240.2 million in 2017 and it is expected to reach $336.6 million by 2023.

Apart from observing the booming sales of new automobiles, the country is also witnessing a spike in the sales of second-hand vehicles from pre-owned car dealerships.

The latest report titled ‘Global Automotive Refinish Coatings Market’, published by Reports and Data, is furnished with an overall understanding of the global Automotive Refinish Coatings market to present a historical analysis of the market, its current scenario, and estimations for the forecast years.

The report lays stress on the factors that influence the growth of the Automotive Refinish Coatings industry.

Our team of analysts has implemented a set of avant-garde analytical tools, including Porter’s Five Forces analysis and SWOT analysis, to offer meaningful insights into the future growth prospects of the global Automotive Refinish Coatings industry.

The report efficiently evaluates significant market information via both primary and secondary research and derives industry-leading insights to help readers gain an accurate concept of the Automotive Refinish Coatings market.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1248COVID-19 Impact on the Global Automotive Refinish Coatings Market The latest research report draws attention to the hostile impact of the ongoing COVID-19 pandemic on the Automotive Refinish Coatings market and its vital segments and sub-segments.

Besides offering critical insights into the effects of the coronavirus outbreak on the global economic landscape, the report considers the COVID-19 pandemic as one of the contributing elements for the recent downturn of this business vertical.

The global Automotive Refinish Coatings market has been adversely impacted by the pandemic, which has brought about several disruptive changes to the market dynamics and demand trends.

Automotive Refinish Coatings Market Automotive refinish coatings can be described as the chemicals that are used for the paint and coatings of older vehicles in the aftermarket.

Due to the usage of vehicles, collisions and exposure to environmental aspects, the vehicles begin to lose their aesthetic appeal, and layer of protection to the vehicles, this induces the need for refinish of these vehicles.Refinish of these vehicles involves the repaint of the vehicle completely from scratch, removing the previous layer of paint and then beginning the process of painting anew.Market Drivers:High levels of road accidents & collisions, which invokes the need for repair & maintenance of the vehicles is expected to drive the market growthIncrease in disposable income and increasing preference of aftermarket modifications of the vehicle is also expected to drive the market growthMarket Restraints:Increase in VOC (volatile organic compounds) emissions during the production and preparation of the substrate surface of the vehicles is expected to restrain the market growth amid concerns and awareness regarding the environmentStringent regulations and revaluation of these regulations amid the emissions associated with these products is also expected to restrain the market growthGet Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-automotive-refinish-coatings-marketSome of the leading key players profiled in this study:Few of the major competitors currently working in the automotive refinish coatings market are Axalta Coating Systems LLC, BASF SE, PPG Industries Inc., Kansai Paint Co.Ltd., NIPSEA GROUP, Bayer AG, KCC CORPORATION, Akzo Nobel N.V., The Sherwin-Williams Company, Berger Paints India Limited, Cabot Corporation, Clariant,  NOROO Paint & Coatings co.Ltd., KAPCI Coatings, Alsa Refinish and The Alsa Corporation, The Dow Chemical Company, Diamond Fleet Coating Systems, The Lubrizol Corporation, and ALTANA.

Browse Related Report  Here:Chemical Surface Treatment MarketEurope Chemical surface treatment MarketKey Pointers Covered in the Automotive Refinish Coatings Market Trends and Forecast to 2026Automotive Refinish Coatings Market New Sales VolumesAutomotive Refinish Coatings Market Replacement Sales VolumesAutomotive Refinish Coatings Market Installed BaseAutomotive Refinish Coatings Market By BrandsAutomotive Refinish Coatings Market SizeAutomotive Refinish Coatings Market Procedure VolumesAutomotive Refinish Coatings Market Product Price AnalysisAutomotive Refinish Coatings Market Healthcare OutcomesAutomotive Refinish Coatings Market Cost of Care AnalysisAutomotive Refinish Coatings Market Regulatory Framework and ChangesAutomotive Refinish Coatings Market Prices and Reimbursement AnalysisAutomotive Refinish Coatings Market Shares in Different RegionsRecent Developments for Automotive Refinish Coatings Market CompetitorsAutomotive Refinish Coatings Market Upcoming ApplicationsAutomotive Refinish Coatings Market Innovators Study Get Detailed Toc and Charts & Tables @ https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-refinish-coatings-marketScope of the Automotive Refinish Coatings MarketCurrent and future of Automotive Refinish Coatings Market outlook in the developed and emerging marketsThe segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast periodRegions/Countries that are expected to witness the fastest growth rates during the forecast periodThe latest developments, market shares, and strategies that are employed by the major market playersGlobal Automotive Refinish Coatings Market  By Resin Type (Acrylic, Alkyd, Polyurethane, Others), Coatings Technology (Waterborne, Solvent-Borne, UV-Cured), Product (Primer, Basecoat, Filler, Topcoat, Others), Vehicle Age (Less than 5 Years, 5-10 Years, More than 10 Years), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 Inquiry before Buying @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-automotive-refinish-coatings-marketAbout Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.

We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact: Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected]