The article cited AMA's Global Automotive Refinish Coatings Market Study explored substantial growth with CAGR of %. According the report, Increasing Consumption of Solvent-borne Automotive Refinish Coatings is one of the primary growth factors for the market. Growing Automotive Across the Various Nations
is also expected to contribute significantly to the Automotive Refinish Coatings market. Overall, Passenger Vehicle
applications of Automotive Refinish Coatings, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as BASF SE (Germany), Nippon Paint (Japan), 3M Company (United States), Akzo Nobel N.V. (Netherlands), PPG Industries Inc. (United States), Axalta Coating Systems (United States), Sherwin-Williams Company (United States), NOROO Holdings (South Korea), Kansai Paint Co., Ltd. (Japan) and SEM Products, Inc. (United States) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Automotive Refinish Coatings market identified that the demand is rising in many different parts of the world as "Rising Spendings of People in the Passenger Vehicle will Boost the Automotive Refinish Coatings Market". Furthermore, some recent industry insights like "On 5th December 2019, BASF to double the production capacity of automotive refinishes coatings at Jiangmen site, China. Additional capacity to support market growth and customers across the region. Start-up planned for 2022. World-class site with high standards for safety and environmental protection." is constantly making the industry dynamic. One of the challenges that industry facing is "Stringent Regulatory Standards on the Automotive Refinish Coatings"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Automotive Refinish Coatings market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Automotive Refinish Coatings market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Automotive Refinish Coatings market tight? Which application/end-user category or Product Type [Solvent-borne coatings, Water-borne coatings and UV cured Coatings] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Refinish Coatings market and other related sub-markets covered in the study.
o Key & emerging players in the Automotive Refinish Coatings market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Automotive Refinish Coatings market size is calculated using market estimation process, the Automotive Refinish Coatings market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive Refinish Coatings market size has been validated using both top-down and bottom-up approaches.