DUBLIN--(BUSINESS WIRE)--The "Refinish Paint Market for Automotive by Layer (Clearcoat, Basecoat, Primer, & Sealer), Resin (PU, Epoxy, & Acrylic), Technology (Waterborne, Solventborne & Powder), Vehicle (Passenger Cars, Commercial Vehicles), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The refinish paint market for automotive is estimated at USD 7.00 billion in 2017 and is projected to reach USD 8.50 billion by 2022, at a CAGR of 4.0% from 2017 to 2022
The growth of the refinish paint market for automotive is driven by the increasing demand for cars, high collision rate, rising income level of middle-class population and the propensity of car owners to repair their vehicle post-collision.
Polyurethane resins have wide preference in clearcoat and basecoat layer. This resin helps formulate automotive coatings with higher gloss and excellent finish. The growth of polyurethane resin is backed by its excellent resistance to UV rays, chemicals, and corrosion. The polyurethane resin based coating also offers superior durability, thereby, lowering maintenance requirements significantly.
China is the largest and fastest-growing market for automotive refinish coating in APAC as well as globally. It is projected to maintain its dominance during the forecast period due to the increased car parc, high collision rate, and rising income of middle-class population in the country. Major key players are focused on inorganic growth strategies such as mergers & acquisitions to enhance its footprint in China and cater the growing demand in this country.
Key players profiled in the refinish paint market for automotive report are Axalta (US), PPG Industries (US), BASF (Germany), Sherwin-Williams (US), Kansai Paint (Japan), Nippon Paint (Japan), KCC Corporation (Korea), and AkzoNobel (Netherlands)
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Refinish Paint Market for Automotive, By Resin
7 Refinish Paint Market for Automotive, By Technology
8 Refinish Paint Market for Automotive, By Vehicle Type
9 Refinish Paint Market for Automotive, By Layer
10 Refinish Paint Market for Automotive, By Region
11 Competitive Landscape
12 Company Profiles
- Axalta Coating Systems
- PPG Industries
- BASF
- Akzonobel
- Sherwin-Williams
- 3M
- Kansai Paint
- Nippon Paint
- KCC
- Donglai Coating
- Novol
- Noroo Paint & Coatings
- Lubrizol
- Kapci Coatings
- Guangzhou Zhenroumei Chemical Coatings
- Besa
- Cresta Paint Industries
- TOA Performance Coating
- HMG Paints
- Weg Group
- Samhwa Paints Industrial
- Alps Coatings
- Rock Paint
- James Briggs
- Mipa
For more information about this report visit https://www.researchandmarkets.com/research/h5w2kf/2017_refinish?w=4
