Automotive Refinish Coatings Market Worldwide Trend 2027 by Emergen Research

The Global Automotive Refinish Coatings Market is expected to reach USD 11.69 Billion by 2027, according to a new report by Emergen Research. The market for automotive refinish is growing due to the rise in disposable income, change in lifestyle and buying behaviour of the consumers, and the growing demand for luxury vehicles.

Automotive refinish coatings are used by market players to address the growing need for maintenance of the vehicle, up-to-date servicing to improve the durability and look of the vehicles by protecting them from any supposed damages and UV radiation. Constant investment in R&D and innovation in refinish coatings, such as eco-friendly high-tech coating materials, which is another driving factor of the market.

Strict regulations regarding the products which contain VOC is hindering the market growth. The usage of VOC-containing products releases VOCs resulting to smog and air pollution. To enhance air quality, governments of many countries have implemented a series of control measures.

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North America is expected to hold the largest market throughout the forecast period due to the rising concerns about vehicles' security. In the United States, California has the highest motor vehicle theft rate. This is expected to propel the demand for Automotive Refinish Coatings in this region.

Key participants include The Sherwin Williams Company, PPG Industries Inc., Axalta Coating Systems Ltd., BASF SE, AkzoNobel N.V, Kansai Paints Co. Ltd., Matrix System Automotive Finishes, Nippon Paint Holding Co. Ltd., Mitsui Chemicals, and Berger Paints India Ltd., among others.

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Resin Type Outlook (Revenue, USD Billion; 2017-2027)

1. Epoxy
2. Alkyd
3. Polyurethane
4. Others

Product Outlook (Revenue, USD Billion; 2017-2027)

1. Primer
2. Basecoat
3. Clearcoat
4. Activator
5. Filler
6. Putty

Technology Outlook (Revenue, USD Billion; 2017-2027)

1. Solvent-borne Coatings
2. Water-borne Coatings
3. UV-cured Coatings

Substrate Outlook (Revenue, USD Billion; 2017-2027)

1. Glass
2. Metal
3. Plastic
4. Other

Application Outlook (Revenue, USD Billion; 2017-2027)

1. Commercial vehicles
2. Light Commercial Vehicle (LCV)
3. Heavy Commercial Vehicle (HCV)
4. Passenger vehicles
5. Compact
6. Executive
7. Luxury
8. Two-Wheeler

Geographical Overview

As per the latest study, the Asia Pacific region is envisioned as the global leader in the Automotive Refinish Coatings market, on account of the growing investments in training & de

velopment in defense academies, especially in the leading economies like India, Pakistan, and China, rising interests in hunting & shooting activities, the popularizing trend of self-defense training, economic development in the arms & ammunition industry, and huge government funding for military and special forces training.

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Key questions addressed in the report:

1. What are the predominant factors propelling the global Automotive Refinish Coatings market development?
2. Who are the leading distributors, traders, and dealers of this market?
3. Who are the key manufacturers in the Automotive Refinish Coatings business sector?
4. What are the significant market opportunities and challenges for the v global market vendors?
5. What are the sales and revenue estimations for the leading market players in the Automotive Refinish Coatings market over the projected period?

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.