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Global Automotive Refinish Coatings Market - Economic Growth Leading to Increasing Vehicle Ownership Boosts Market


Albany, NY -- (SBWIRE) -- 02/14/2019 -- ResearchMoz has announced the addition of a report titled, "Automotive Refinish Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026", to its expanding database of research reports. The report delves into each and every key aspect that could influence the growth of the automotive refinish coatings market between 2018 and 2026. This includes market dynamics, geographical distribution, and competitive scenario. Growth rate projections and revenue share of key segments presented in the report are some other key features of the report. This attributes make the report to be a valuable guide for entities interested to participate in the automotive refinish coatings market.

The report studies the automotive refinish coatings market at both regional and global levels. The report provides both revenue and volume projections for the forecast period between 2018 and 2026.

The research report provides a near-conclusive analysis of key segments in the global automotive refinish coatings market. The research includes growth pattern of key segments along with their revenue projections over the forecast period. Process, technology, and region are the criteria based on which the global automotive refinish coatings market is studied in this report. Regional segmentation of the automotive refinish coatings market include North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

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The study includes detailed business profile of key companies in the automotive refinish coatings market. Some key players operating in the market are Axalta Coatings, Valspar Corporation, BASF SE, PPG Industries, The Sherwin-Williams Company, Nippon Paint Holdings, Akzo Nobel NV, and KCC Corporation. Company overview, business standing, and recent developments are attributes key companies are profiled in this report.

Among the key regions, Asia Pacific and Latin America are anticipated to witness substantial growth in the automotive refinish coatings market over the forecast period. Significant investments in the automotive sector and economic growth in emerging economies of the region are fuelling the growth of Asia Pacific automotive refinish coatings market. Rapid vehicle ownership in countries such as China and India is indirectly benefitting the automotive refinish coatings market in Asia Pacific.

Latin America automotive refinish coatings market is benefitting from increasing expenditure on automotive maintenance owing to rising disposable incomes.

In terms of technology, the report divides the global automotive refinish coatings market into water-borne, solvent-borne, and others. The solvent-borne segment, among them, holds key share in the overall market. However, solvent-borne automotive refinish coatings are witnessing declining demand. This is because solvent-borne products contain volatile organic compounds (VoCs) that are associated with environmental deterioration.

On the other hand, water-borne coatings are gaining popularity due to their environment friendly nature. Water-borne coatings help disperse resins used in the manufacture of paints and coatings.

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