Global Automotive Finishing Coatings Market Outlook

Dublin, September 24, 2021 (GLOBE NEWSWIRE) – The “Automotive Finishing Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026” report was added to ResearchAndMarkets.com offer.

The global automotive refinishing coatings market reached a value of US $ 9.4 billion in 2020. Going forward, the market is expected to grow at a CAGR of around 4% during 2021-2026. Bearing in mind the uncertainties of COVID-19, the analyst is continuously monitoring and evaluating the direct and indirect influence of the pandemic. This information is included in the report as a major contributor to the market.

Automotive refinish coatings refer to polyurethane, acrylic or alkyd based coatings used by body shops and vehicle repair centers. These coatings are applied to new / old passenger and utility vehicles to cover bodily injury caused by extreme temperatures, accidents and stone impacts. Some of the commonly used topcoats include primer, sealer, topcoat, basecoat, and activator or hardener coatings. They are either solvent-based, water-based, or ultraviolet (UV) cured. Of these, water-based coatings have lower levels of volatile organic compounds (VOCs) than solvent-based variants, making them very effective for all automobiles.

The growth of the automotive industry across the world is one of the key factors creating positive outlook for the market. In addition, the increasing number of traffic accidents and collisions has led to an increase in the need for repair and maintenance activities, thus driving the growth of the market. Along the same lines, there is a shift in consumer preference towards personalized aftermarket vehicle modifications. Automotive refining coatings provide improved aesthetic appeal, surface protection and resistance to heat, temperature and corrosion. In addition, various product innovations, such as the development of environmentally friendly topcoats, act as other growth factors. These coatings are made using organic chemicals and have a custom color, faster cure time, and minimal VOC emissions. Other factors including increasing spending capabilities of consumers as well as growing demand for recreational vehicles are expected to further drive the market.

Key market segmentation

The analyst provides key trend analysis in each sub-segment of the global automotive refinishing coatings market along with forecast at global, regional and country level from 2021 to 2026. The report categorized the market on the basis of type of resin, product type, technology and vehicle type.

Breakdown by resin type

• Polyurethanes
• Alkyd
• Acrylic
• Others

Breakdown by product type

• Primer
• Base coat
• Activator
• Filling
• Coat
• Others

Breakthrough by technology

• Solvent
• Water based
• UV-cured

Breakdown by vehicle type

• Passenger cars
• Commercial vehicles
• Others

Breakdown by region

• North America
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

Competitive landscape

The report also analyzed the competitive landscape of the market with some of the major players being 3M Company, Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Clariant AG, Dupont De Nemours Inc., Kansai Paint Co. Ltd., KCC Corporation. , Nippon Paint Holdings Co. Ltd., PPG Industries Inc. and The Sherwin-Williams Company.

Key questions answered in this report

• How has the global automotive refinish coatings market performed so far and how will it perform in the years to come?
• What has been the impact of COVID-19 on the global automotive refinishing coatings market?
• What are the main regional markets?
• What is the market breakdown according to the type of resin?
• What is the distribution of the market according to the type of product?
• What is the technology-based market disruption?
• What is the distribution of the market according to the type of vehicle?
• What are the different stages of the industry value chain?
• What are the main factors and challenges for the industry?
• What is the structure of the global automotive refinish coatings market and who are the major players?
• How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Automotive Finishing Coatings Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market breakdown by type of resin
6.1 Polyurethane
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Alkyd
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Acrylic
6.3.1 Market trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market trends
6.4.2 Market Forecast

7 Market breakdown by product type
7.1 Primer
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Basecoat
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Activator
7.3.1 Market trends
7.3.2 Market Forecast
7.4 Filling
7.4.1 Market trends
7.4.2 Market Forecast
7.5 Top coat
7.5.1 Market trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market trends
7.6.2 Market Forecast

8 Market breakdown by technology
8.1 Solvent
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Water based
8.2.1 Market trends
8.2.2 Market Forecast
8.3 UV cured
8.3.1 Market trends
8.3.2 Market Forecast

9 Market breakdown by type of vehicle
9.1 Passenger cars
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Commercial vehicles
9.2.1 Market trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market trends
9.3.2 Market Forecast

10 Market breakdown by region
10.1 North America
10.1.1 United States
10.1.1.1 Market trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market trends
10.5.2 Market breakdown by country
10.5.3 Market Forecast

11 SWOT Analysis

12 Value chain analysis

13 Porters Five Forces Analysis

14 Price analysis

15 Competitive landscape
15.1 Market structure
15.2 Key players
15.3 Profiles of key players
15.3.1 3M Company
15.3.1.1 Company presentation
15.3.1.2 Product portfolio
15.3.1.3 Finances
15.3.1.4 SWOT Analysis
15.3.2 Akzo Nobel AG
15.3.2.1 Company overview
15.3.2.2 Product portfolio
15.3.2.3 Finances
15.3.2.4 SWOT Analysis
15.3.3 Axalta Coating Systems Ltée.
15.3.3.1 Company overview
15.3.3.2 Product portfolio
15.3.3.3 Finances
15.3.3.4 SWOT Analysis
15.3.4 BASF SE
15.3.4.1 Company overview
15.3.4.2 Product portfolio
15.3.4.3 Finances
15.3.4.4 SWOT Analysis
15.3.5 Clariant SA
15.3.5.1 Company overview
15.3.5.2 Product portfolio
15.3.5.3 Finances
15.3.6 Dupont De Nemours Inc.
15.3.6.1 Company overview
15.3.6.2 Product portfolio
15.3.6.3 Finances
15.3.7 Kansai Paint Co. Ltd.
15.3.7.1 Company overview
15.3.7.2 Product portfolio
15.3.7.3 Finances
15.3.7.4 SWOT Analysis
15.3.8 KCC Company
15.3.8.1 Company overview
15.3.8.2 Product portfolio
15.3.8.3 Finances
15.3.9 Nippon Paint Holdings Co. Ltd.
15.3.9.1 Company overview
15.3.9.2 Product portfolio
15.3.9.3 Finances
15.3.9.4 SWOT Analysis
15.3.10 PPG Industries Inc.
15.3.10.1 Company overview
15.3.10.2 Product portfolio
15.3.10.3 Finances
15.3.10.4 SWOT Analysis
15.3.11 The Sherwin-Williams Company
15.3.11.1 Company presentation
15.3.11.2 Product portfolio
15.3.11.3 Finances
15.3.11.4 SWOT Analysis

For more information on this report, visit https://www.researchandmarkets.com/r/25hf3x