Automotive Refinish Coatings Market Shows Strong Growth with Leading Players | , BASF SE, PPG Industries Inc.
Automotive Refinish Coatings Market Automotive refinish coatings can be described as the chemicals that are used for the paint and coatings of older vehicles in the aftermarket. Due to the usage of vehicles, collisions and exposure to environmental aspects, the vehicles begin to lose their aesthetic appeal, and layer of protection to the vehicles, this induces the need for refinish of these vehicles.
Refinish of these vehicles involves the repaint of the vehicle completely from scratch, removing the previous layer of paint and then beginning the process of painting anew.
Market Drivers:
High levels of road accidents & collisions, which invokes the need for repair & maintenance of the vehicles is expected to drive the market growth
Increase in disposable income and increasing preference of aftermarket modifications of the vehicle is also expected to drive the market growth
Market Restraints:
Increase in VOC (volatile organic compounds) emissions during the production and preparation of the substrate surface of the vehicles is expected to restrain the market growth amid concerns and awareness regarding the environment
Stringent regulations and revaluation of these regulations amid the emissions associated with these products is also expected to restrain the market growth
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Some of the leading key players profiled in this study:
Few of the major competitors currently working in the automotive refinish coatings market are Axalta Coating Systems LLC, BASF SE, PPG Industries Inc., Kansai Paint Co.Ltd., NIPSEA GROUP, Bayer AG, KCC CORPORATION, Akzo Nobel N.V., The Sherwin-Williams Company, Berger Paints India Limited, Cabot Corporation, Clariant, NOROO Paint & Coatings co.Ltd., KAPCI Coatings, Alsa Refinish and The Alsa Corporation, The Dow Chemical Company, Diamond Fleet Coating Systems, The Lubrizol Corporation, and ALTANA.
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Key Pointers Covered in the Automotive Refinish Coatings Market Trends and Forecast to 2026
- Automotive Refinish Coatings Market New Sales Volumes
- Automotive Refinish Coatings Market Replacement Sales Volumes
- Automotive Refinish Coatings Market Installed Base
- Automotive Refinish Coatings Market By Brands
- Automotive Refinish Coatings Market Size
- Automotive Refinish Coatings Market Procedure Volumes
- Automotive Refinish Coatings Market Product Price Analysis
- Automotive Refinish Coatings Market Healthcare Outcomes
- Automotive Refinish Coatings Market Cost of Care Analysis
- Automotive Refinish Coatings Market Regulatory Framework and Changes
- Automotive Refinish Coatings Market Prices and Reimbursement Analysis
- Automotive Refinish Coatings Market Shares in Different Regions
- Recent Developments for Automotive Refinish Coatings Market Competitors
- Automotive Refinish Coatings Market Upcoming Applications
- Automotive Refinish Coatings Market Innovators Study
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Scope of the Automotive Refinish Coatings Market
- Current and future of Automotive Refinish Coatings Market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Global Automotive Refinish Coatings Market By Resin Type (Acrylic, Alkyd, Polyurethane, Others), Coatings Technology (Waterborne, Solvent-Borne, UV-Cured), Product (Primer, Basecoat, Filler, Topcoat, Others), Vehicle Age (Less than 5 Years, 5-10 Years, More than 10 Years), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
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