Global Automotive Refinish Coatings Market 2020-2024
Technavio has been monitoring the automotive refinish coatings market and it is poised to grow by $ 1.69 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on the automotive refinish coatings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increased focus on R&D and innovative methods to reduce the cycle time, support services leading to efficient use of coatings, and economic stability associated with increasing disposable income.
The automotive refinish coatings market analysis includes type segment and geographical landscape.
Technavio's automotive refinish coatings market is segmented as below:
- Solvent-based coatings
- Water-based coatings
By Geographic Landscapes
- North America
- South America
This study identifies the increasing adoption of UV-curable coating as one of the prime reasons driving the automotive refinish coatings market growth during the next few years. Also, the emergence of self-cleaning and self-healing coatings and a rise in demand for polyurethane-based refinish coatings will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our automotive refinish coatings market covers the following areas:
- Automotive refinish coatings market sizing
- Automotive refinish coatings market forecast
- Automotive refinish coatings market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive refinish coatings market vendors that include 3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., and The Sherwin-Williams Co. Also, the automotive refinish coatings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.