The purpose of the report is to illustrate the state of the market of Automotive Refinish Coating, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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The global automotive refinish coatings market accounted for US$ 9,494.5 million in 2017 growing with a CAGR of 6.5% during the forecast period from 2018 to 2026. Increasing vehicles sale, easy availability of auto loans and modern lifestyle will drive the market growth over the forecast period. Moreover, rising need for maintenance of premium vehicles is expected to drive market growth in Asian economies. In India, two wheelers and four wheelers accounts for 25% of road crashes leading to increased demand for vehicle repair and maintenance, and is therefore, expected to drive the overall market. According to road-traffic safety experts, the frequency of traffic collisions in India is highest among other countries, which in turn is surge the overall growth. In addition, Indian government’s “Skilled India” initiative will create more skilled workers for the automobile maintenance and repair industry, which in turn is projected to supplement the aftermarket growth in the future.
Key market players in the global automotive refinish coating market include Axalta Coating Systems, AkzoNobel, BASF SE, Bayer AG, Berger Paints, Clariant, Kansai Paints, KCC Corporation, Nippon Paints, PPG Industries, and Valspar Corporation.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Automotive Refinish Coating buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Automotive Refinish Coating contains:
Analysis and forecast of Automotive Refinish Coating market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Automotive Refinish Coating market;
Assessment and forecast of Automotive Refinish Coating market development;
Financial and business profiles of the leading companies in the Automotive Refinish Coating industry.
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– Up to date working Automotive Refinish Coating data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Automotive Refinish Coating for the period 2018 to 2026
– Planned Automotive Refinish Coating additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Automotive Refinish Coating projects by region, key countries, and companies
– Details of major planned Automotive Refinish Coating projects in the world up to 2026
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