Global Automotive refinish coating Market is expected to grow at a significant rate of around 5% during the forecast period. Automotive refinish coatings are paints and coatings that are used by vehicle repairers and body shops to give the vehicle a refreshed look along with the provision of defense against rust and corrosion. These paints consist of polyurethane-based enamel which helps to protect the surface of the automobile from environmental damage. In addition, the parts of the automobile are arranged in an assembly and then automotive paint is applied at a controlled environmental temperature. Moreover, the increase in automobile production and upsurge in the demand for eco-friendly automotive paints are the key factors driving the growth of the Automotive refinish coatings market. For instance, in September 2021, Nippon Paint India, part of the NIPSEA Group, launched a new international automotive refinish product system under the n-MAX brand.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲-https://univdatos.com/report/automotive-refinish-coatings-market/get-a-free-sample-form.php?product_id=30238

Based on material type, the market is segmented into polyurethanes, acrylics, and alkyd. The polyurethanes category is to witness a higher CAGR during the forecast period. This is mainly due to the exceptional properties of the polyurethane such as thick coating, smooth surface, and chipping resistance. Moreover, It also can be applied to rust protection steel plates and automotive bodies perfectly.

On the basis of product type, the market is categorized into primer, base coat, top coat, and clear coat. The clearcoat category is to witness higher CAGR during the forecast period owing to get the glossy and clear appearance of the paint of the vehicle. Moreover, the clear coat is the top coat of paint that is put on your car after the coloured paint and primer. In addition, It is a clear, glossy coating designed to protect your paint from the elements while also enhancing the appearance of your paint. Hence, these are the factors driving the growth of the market.

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For a better understanding of the market adoption of the Automotive paints industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. APAC is anticipated to be the region with the highest market for automotive paints due to its high vehicle production and growing economies.. Automotive sectors are working hard to provide their customers with products that are ecologically friendly and use cutting-edge technology. The bulk of vehicles manufactured globally, as well as in APAC, are passenger cars. Passenger automobiles are projected to represent the largest market for automotive paints. Additionally, Asia and Oceania are anticipated to be the biggest markets for electric and hybrid cars. The hybrid vehicle market is anticipated to be the largest for automotive paints since hybrid vehicles are becoming more and more popular throughout the world.

Some of the major players operating in the market include 3M Co, Akzo Nobel N.V., Axalta Coating Systems Ltd, BASF SE, Covestro AG, Kansai Paint Co Ltd., NIPSEA GROUP, Sherwin-Williams Company, Solvay S.A., and PPG Asian Paints Pvt Ltd

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Global Automotive refinish coating Market Segmentation

Market Insight, by Material Type

·         Polyurethanes

·         Acrylics

·         Alkyd

Market Insight, by Product Type

·         Primer

·         Base Coat

·         Top coat

·         Clear Coat  

Market Insight, by Technology

·         Solvent Borne

·         Water Borne

·         UV Cure

Market Insight, by Vehicle Type

·         Passenger Cars

·         Commercial Vehicles

Market Insight, by End-use

·         OEM

·         Aftermarket

Market Insight, by Region

·         North America

o     US

o     Canada

o     Rest of North America

·         Europe

o    Germany

o    United Kingdom

o    France

o    Italy

o    Spain

o    Rest of Europe

·         Asia-Pacific

o    China

o    Japan

o    India

o    Rest of Asia-Pacific

·         Rest of the World

Top Company Profiles

·         3M Co

·         Akzo Nobel N.V

·         Axalta Coating Systems Ltd

·         BASF SE

·         Covestro AG

·         Kansai Paint Co Ltd

·         NIPSEA GROUP

·         Sherwin-Williams Company

·         Solvay S.A.

·         PPG Asian Paints Pvt Ltd.

Table of Content-

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE AUTOMOTIVE REFINISH COATING MARKET

6 AUTOMOTIVE REFINISH COATING MARKET REVENUE, 2020-2028F

7 MARKET INSIGHTS BY MATERIAL TYPE

8 MARKET INSIGHTS BY PRODUCT TYPE

9 MARKET INSIGHTS BY TECHNOLOGY

10 MARKET INSIGHTS BY VEHICLE TYPE

11 MARKET INSIGHTS BY END-USE

12 MARKET INSIGHTS BY REGION

13 AUTOMOTIVE REFINISH COATING MARKET DYNAMICS

14 AUTOMOTIVE REFINISH COATING MARKET OPPORTUNITIES

15 AUTOMOTIVE REFINISH COATING MARKET TRENDS

16 DEMAND AND SUPPLY-SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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