What is Automotive Refinish Coatings?
Automotive refinish coatings are uses as protective covering or coatings on the automobile which also provides a better and clean appearance to the automobile. The refinish coatings provide protection from corrosion to the metals or materials used in automobiles. These coatings are widely used in the passenger and commercial vehicles in the manufacturing process or even after the usage to give it refinish coatings.
The market study is broken down by Type (Solvent-borne coatings, Water-borne coatings and UV cured Coatings), by Application (Passenger Vehicle and Commercial Vehicle) and major geographies with country level break-up.
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) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Automotive Refinish Coatings market by Type, Application and Region.
On the basis of geography, the market of Automotive Refinish Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Resin, the sub-segment i.e. Polyurethane will boost the Automotive Refinish Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Auto Body Repair Shops will boost the Automotive Refinish Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 21st September 2020, Nippon Paint Launches N-MAX Range Of Automotive Refinish Paints. Nippon Paint India, part of the NIPSEA Group, has launched a new international automotive refinish product system under the n-MAX brand. With this launch, Nippon Paint is expanding its presence in the Indian and International car refinishing markets through its new state of the art product line that is designed to excel in all geographical regions and weather conditions across the world.
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.
- Increasing Consumption of Solvent-borne Automotive Refinish Coatings
- Growing Automotive Across the Various Nations
- Increasing Number of Automotive Accidents Leading to Dents and Removal of Coatings
- Rising Spendings of People in the Passenger Vehicle will Boost the Automotive Refinish Coatings Market
- High Cost Associated with the Automotive Refinish Coatings
- Stringent Regulatory Standards on the Automotive Refinish Coatings
Key Target AudienceAutomotive Refinish Coatings Manufacturers, Automotive Refinish Coatings International Traders, Automotive Refinish Coatings Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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