Future Of Automotive Refinish Coatings Market Due To Impact COVID-19

The global automotive refinish coatings market size is expected to gain a traction during the forecast period, 2019 - 2026. Growing incidences of automotive repainting and aftermarket sales service is acting as a major growth driver. In addition, the market is significantly witnessing robust demand in the small-car segment owing to flexibility in service and pricing.

The market for automotive refinish coatings offers lucrative growth opportunities involving a range of suppliers and third-party vendors. Vehicle refinishing involves a process of repainting of trucks, cars and other automobile as a whole or in silos. The refinishing process is highly mechanical and is usually accomplished by manual or automatic spray guns. Normally, the technology covers three basic types of tasks, namely, total car repair, partial car repair and spot-repairs. Manufacturers emphasize on producing versatile products for complex tasks that not only accomplishes the job but also adds certain value-additions such as anti-rust and anti-scratch features.

The coating structure normally comprises three to four layers, initiating with a primer followed by second and third coat as surfacer and topcoat. The fourth is the clear coat layer that enhances the resistance against sun, stone, scratches and projections. Emission under automotive refinish coatings segment involves the release of VOC gases. From the commercial standpoint, flexibility in government regulations pertaining to the growth of automotive industry and rising incidences of collisions has strengthened the demand for refinish coatings in the automotive industry.

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