DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Automotive Refinish Coatings Market Analysis By Resin Type, By Technology, By Product, By Vehicle Age And Segment Forecasts To 2024" report to their offering.
The global automotive refinish coatings market is expected to reach USD 14.88 billion by 2024
Rising demand for automotive refinish coatings as they improve the durability and enhance the appearance of vehicles will fuel market growth over the next eight years. Furthermore, aging of vehicles, rising demand for repair, maintenance, and aftermarket modifications will augment product demand over the forecast period.
The waterborne technology was valued at USD 3.40 billion in 2015 and is expected to witness significant rise on account of excellent heat resistance, adhesion, and abrasion properties. Furthermore, its advantage over solvent borne coatings including less toxicity, less flammability, and reduction of air emissions will propel market growth over the forecast period.
The basecoat is expected to witness significant revenue rise at a CAGR of 6.9% from 2016 to 2024 over the forecast period as it provides color, decorative effects and exterior aesthetic to vehicles.Increasing demand for solid basecoats in motorcycles, trucks and cars owing to the ease of application coupled with basic color effect will increase industry size.
Automotive refinish coatings industry is dominated by key participants including BASF, Axalta Coating Systems, PPG Industries, AkzoNobel, and Sherwin-Williams. Ongoing product development by various companies to manufacture high-performance and cost-efficient coatings is expected to augment product consumption over the next eight years.
In December 2015, PPG Industries in collaboration with Asian Paints introduced product line of environment base high performance waterborne automotive refinished paint in Sri Lanka to expand the customer base
Key Topics Covered:
1 Methodology & Scope
2 Executive Summary
3 Automotive Refinish Coatings Industry Outlook
4 Automotive Refinish CoatingsResinType Outlook
5 Automotive Refinish CoatingsTechnology Outlook
6 Automotive Refinish CoatingsProduct Outlook
7 Automotive Refinish Coatings Vehicle Age Outlook
8 Automotive Refinish CoatingsRegional Outlook
9 Competitive Landscape
- Axalta Coating Systems
- BASF SE
- PPG Industries
- Kansai Paint
- Nippon Paint
- Bayer AG
- KCC Corporation
- Valspar Corporation
- Berger Paints
- Cabot Corporation
- NOROO Paint and Coatings
- Kapci Coatings
- Alsa Refinish
- Color Communication
- Diamond Vogel
- The Dow Chemical Company
- Lubrizol Corporation
- BYK-Gardner GMBH
For more information about this report visit http://www.researchandmarkets.com/research/dmbmwq/automotive