DUBLIN--(BUSINESS WIRE)--The "Automotive Refinish Coatings Market by Product Type, by Resin by Technology, by Auto Type, by Vehicle Age by Geography- Global Market Size, Share, Development, Growth, and Demand Forecast, 2016-2023" report has been added to ResearchAndMarkets.com's offering.
The increase in vehicle collisions and the increasing average age of vehicles are some of the major factors driving the growth of the market.
With advancements in technology over time, the average age of vehicles has increased. For instance, in the U.K., the average age of a vehicle-on-road increased from 6.8 years in 2003 to 7.8 years in 2015. With the increase in average age, vehicles become more prone to corrosion and environmental damage; thereby generating the demand for refinish coatings.
On the basis of product, in terms of value, the clearcoats category has been dominating the market, with an estimated contribution of more than 35% in 2017. Primers and fillers are expected to register significant growth during the forecast period, with 4.8% CAGR.
Among all technologies used in the automotive refinish coatings market, the waterborne-based technology is expected to attain the highest CAGR during the forecast period.
Of all auto types, cars are estimated to hold the largest share in the automotive refinish coatings market, with an estimated revenue contribution of more than 70.0% in 2017.
Based on vehicle age, vehicles aged more than 10 years have been leading the market in terms of volume sales, with an estimated contribution of more than 35% in 2017. This is mainly due to the fact that older vehicles are more susceptible to collisions and corrosion as compared to new vehicles.
Key Topics Covered
1. Research Background
2. Research Methodology
3. Executive Summary
5. Global Market Size and Forecast
6. North America Market Size and Forecast
7. Europe Market Size and Forecast
8. Asia-Pacific Market Size and Forecast
9. RoW Market Size and Forecast
10. Competitive Landscape
11. Company Profiles
11.1 AkzoNobel N.V.
11.2 Axalta Coating Systems Ltd.
11.3 BASF SE
11.4 Convestro AG
11.5 Esdee Paint Ltd.
11.6 Kansai Paints Co. Ltd.
11.7 KAPCI Coating Co. Ltd.
11.8 KCC Corporation
11.9 The Lubrizol Corporation
11.1 NOROO Paint & Coatings Co. Ltd.
11.11 Nippon Paint Holding Co. Ltd.
11.12 PPG Industries Inc.
11.13 The Sherwin-Williams Company
11.14 S.Coat Co. Ltd.
11.15 Berger Paints India Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/wzttvm/global_automotive?w=4