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Dec 04, 2020 (The Expresswire) —
Global “Automotive Refinish” Market 2024 Research Report provide in-depth study of the present state of the Industry. Initially, the report shows a basic overview of the industry including definitions, classifications, applications, types and Automotive Refinish market industry chain structure. The Market study is provided for the worldwide Automotive Refinish market growth including history, competitive landscape analysis, and major regions’ development status.
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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 RandD 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. ● 4
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
● PPG Industries ● Sherwin-Williams (Valspar) ● Axalta Coating Systems ● Akzo Nobel ● BASF ● …
Automotive Refinish Market by Types
● Solvent Borne ● Water Borne ● Others
Automotive Refinish Market by Applications
● Passenger Vehicle ● Commercial Vehicle
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This report also splits the market by region:
● United States ● Canada ● Mexico ● Brazil ● APAC ● China ● Japan ● Korea ● ………………
● To study and analyse the global Automotive Refinish Market Size (value and volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024. ● To understand the structure of Automotive Refinish market by identifying its various sub segments. ● Focuses on the key global Automotive Refinish manufacturers, to define, describe and analyse the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years. ● To analyse the individual Automotive Refinish market trends,