Albany, NY -- (SBWire) -- 09/06/2017 --About Automotive Refinish Coatings

Automobile refinish coatings are used to cover up damages, which are caused by external factors such as accidents, climate, road condition, and foreign particles such as stones, debris, and rubble. They are used in automotive repair shops for improving the appearance of the vehicle. Vehicle insurance plays a significant role in driving the demand for automotive refinish coatings. Mandatory insurance while purchasing a new vehicle provides an impetus for the car owner to get the vehicle repaired of any damages.

Technavios analysts forecast the global automotive refinish coatings market to grow at a CAGR of 5.86% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive refinish coatings market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Automotive Refinish Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Axalta Coating Systems
Akzo Nobel
BASF
PPG industries
The Sherwin-Williams Company

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Other prominent vendors
Covestro
KANSAI PAINT
KCC
NIPSEA GROUP
NOROO Paint & Coatings
TCI Powder
The Lubrizol

Market driver
Increased focus on R&D and innovative methods to reduce the cycle time
For a full, detailed list, view our report

Market challenge
Lack of trained technicians
For a full, detailed list, view our report

Market trend
Consumers preference for more vibrant colors and the use of new materials on vehicles.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?