North America to Dominate the Automotive Refinish Coatings Market
- Vasu T
- Oct 25, 2018
- 3 min read
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. This is due to the increasing disposable income of people in this region. The increasing number of used vehicles will also fuel the demand for automotive refinish coatings in the region.
Selected Regulatory Analysis Done in the Full Report
By formulation, the water-borne coatings segment will enjoy the largest share in the Automotive Refinish Coatings market during the forecast period. 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). By vehicle type, the passenger cars segment will have the largest share in the market due to increase in sales of used cars.
Selected Driving Factors Mentioned in the Full Report
• The growth of the automotive sector will boost the demand for automotive refinish coatings during the forecast period.
• Increased investments in R&D activities will augment the Automotive Refinish Coatings market during the forecast period.
• The increasing awareness about the environmental impacts of VOC emissions will drive the demand for water-borne coatings, which in turn will drive the Automotive Refinish Coatings market.
To access/purchase the full report, click the link below:
Key Players of the Automotive Refinish Coatings Market
The key players of the Automotive Refinish Coatings market include PPG Industries, BASF SE, and Axalta Coating Systems.
— PPG acquired certain assets of Futsian Xinshi in Janaury 2017, and opened a new center for automotive refinish professionals in Pilar, Argentina, in August 2017.
— BASF SE completed the acquisition of Guangdong Yinfan Chemistry in September 2016.
— Axalta Coating Systems provides undercoats, basecoats, and high gloss clearcoats for passenger and commercial vehicles.
What can you expect from the report?
The Automotive Refinish Coatings Market Report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End User Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
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