Articles
Automotive Refinish Coatings Market Outlook By Drivers, Key Vendors and Opportunities by 2023
by Deepak Kumar Sr. SEO Executive
The increase in vehicle collisions and the increasing average age of vehicles are some of the major factors driving the growth of the Automotive Refinish Coatings 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.
Request to Get the Sample Report : https://www.psmarketresearch.com/market-analysis/automotive-refinish-coatings-market/report-sample
On the basis of product, the automotive refinish coatings market is segmented into clearcoats, basecoats, primers and fillers, and others. In terms of value, the clearcoats category has been dominating the market, with an estimated contribution of more than 35.0% 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. As solvent-borne based products produce high levels of VOC, OEMs have started to switch to water-borne based products, thus leading to increased demand of the technology in the market.
Globally, Asia-Pacific has been the largest automotive refinish coatings market, with an estimated contribution of more than 30.0% in 2017. This can be attributed to the increase in the number of collisions in developing countries due to increased congestion and population, growing GDP of the region, and increase in the demand of vehicles in countries such as China, India, and Vietnam, among others.
Read summary of report here : https://www.psmarketresearch.com/market-analysis/automotive-refinish-coatings-market
The leading players in the global automotive refinish coatings market include PPG Industries Inc., Axalta Coating systems Ltd., The Sherwin Williams Company, BASF SE, and AzkoNobel N.V. The other key players in the industry include Convestro AG, Esdee Paint Ltd., Kansai Paints Co. Ltd., KAPCI Coating Co. Ltd., KCC Corporation, The Lubrizol Corporation, NOROO Paint & Coatings Co. Ltd, Nippon Paint Holding Co. Ltd., S.Coat Co. Ltd., and Berger Paints India Ltd.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
P&S Market Research
347, 5th Ave. #1402
New York City, NY – 10016
Toll-Free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Sponsor Ads
About Deepak Kumar 
Sr. SEO Executive
133 connections, 0 recommendations, 367 honor points.Joined APSense since, May 30th, 2017, From New York, United States.
Created on Jun 27th 2018 04:17. Viewed 358 times.
