Global Refinish Paint for Automotive Market was valued at USD 7.60 Billion in 2019 and is expected to reach USD 10.39 Billion by 2027 at a CAGR of 3.98%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Refinish paint have widespread applications in the automotive sector that can be attributed to high demand for customized cars further boosting the overall growth of the refinish paint market.
Clear coat and base coat are two most important layers in the automotive refinish coating process. Clear coat and base coat are considered together as a topcoat that has large applications in automotive refinish coating process. The passenger car segment lead refinishes paint market for automotive and is anticipated to maintain its growth during the forecast period. This growth is also backed by customization and increased inclination towards owning cars.
Asia Pacific region is expected to account the highest growth during the forecast period along with maintaining its largest market share for refinishing paint market. Emerging economies such as India, China, and different Southeast Asian countries are further attracting several global players to start their manufacturing base in Asia-Pacific boosting global demand for refinishing paints.
Scope of the Report:
Refinish Paint Market for Automotive Market, by Resin:
Refinish Paint Market for Automotive Market, by Technology:
• Water borne
• Solvent borne
Refinish Paint Market for Automotive Market, by Layer:
• Clear coat
Refinish Paint Market for Automotive Market, by Vehicle:
• Light commercial vehicle
• Passenger Car
Refinish Paint Market for Automotive Market, by Geography:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Refinish Paint Market for Automotive:
• AXALTA (US)
• PPG Industries (US)
• BASF (Germany)
• Sherwin-Williams (US)
• Kansai Paint (Japan)
• Nippon Paint (Japan)
• KCC Corporation (Korea)
• AKZO Nobel (Netherlands)
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