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.
Browse 74 Market Tables, 178 Figures spread through 149 slides and an in-depth TOC on “Automotive Refinish Coatings Market (2018 - 2023)”
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.
To access/purchase the full report, click the link below:
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.
Talk to one of our sales representatives about the full report by providing your details in 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.
Browse Related Reports:
- Green Coatings Market: By Formulation (Water-Borne, Powder, High Solids and Ultra-Violet ); By Source; By Application (Architectural, Automotive, Industrial, Aerospace and Others) By Geography (North America, Europe, APAC and Row) - Forecast(2018-2023)
- Waterborne Coatings Market: By Type ( Acrylic, Alkyd, Urethane, Epoxy and Others); By Formulation (Water, Solvent and Powder); By Component; By End User (General Water Borne, Automotive, Coil & Extrusion, Heavy Duty Equipment and Others); By Geography (North America, Europe, APAC and Row) - Forecast(2018-2023)
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Mr. Venkateshwar Reddy
Business Development Manager
Email: [email protected]
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedIn - https://www.linkedin.com/company/industryarc