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Global Automotive Refinish Coatings Market to Grow at a CAGR of 3.94% over the Period 2014-2019; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Automotive Refinish Coatings Market 2015-2019” research report to their offering. See more at- http://mrr.cm/4xu

 

Lewes, DE -- (SBWIRE) -- 03/26/2015 -- Report forecast the Global Automotive Refinish Coatings market to grow at a CAGR of 3.94 percent over the period 2014-2019.

Automotive coatings are products that enhance the appearance and durability of a vehicle by protecting it from external factors such as UV radiation, extreme temperatures, and foreign particles such as stones, rubble, and debris. Automotive refinish coatings are used in the Automotive OEM Aftermarket industry for vehicle repairs and refinishing. The major end-users of automotive refinish coatings are collision repair centers and automotive body shops. The major success determining factors of the market include reliability, OEM color matching, strong distribution network, quick cycle times, and sustainability.

This report covers the present scenario and the growth prospects of the Global Automotive Refinish Coatings market for the period 2015-2019. It also provides data on the different segments of the Global Automotive Refinish Coatings market, based on the following:

- Vehicle age (>10 Years, 5-10 Years, and <5 Years)
- Product type (Urethanes, Acrylics, and Others)
- Technology (Solvent-based Coatings, Water-based Coatings, and Powder Coatings)
- Geography (APAC, Americas, and EMEA)

According to the report, the growing number of vehicles in operation in countries such as India, China, Brazil, and Russia is predominantly contributing to the growth of the market. Poor road safety standards and infrastructure in these countries, along with careless driving has increased the rate of accidents, resulting in demand for refinish coatings from automotive body shops and collision repair centers

Further, the report states that the market relies heavily on global economic conditions. Consumers spend less on automobile repair and refinish during economic downturns. The rising costs of raw materials such as polymers, cellulosics, adhesion promoters, titanium dioxide, epoxy resins, and related solvents is posing hindrances to market growth.

Global Automotive Refinish Coatings Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Automotive Refinish Coatings market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Automotive Refinish Coatings Market: AkzoNobel NV, Axalta Coating Systems LLC, BASF SE, PPG Industries Inc. and Sherwin-Williams

Other Prominent Vendors in the market are: 3M, Bayer Material Science, Dulux, Hempel , Jotun, Kansai Paint, KCC, Matrix System Automotive Finishes, Nippon Paint, NOROO Paint & Coatings, SEM Products, Tikkurila and Valspar.

Key Regions
- Americas
- APAC
- EMEA

Market Driver
- Increase in Number of Operating Vehicles
- For a full, detailed list, view our report

Market Challenge
- High Dependence on Global Economic Conditions
- For a full, detailed list, view our report

Market Trend
- Growing Preference for Water-based Products
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 83 pages and 35 Exhibits "Global Automotive Refinish Coatings Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Vehicle Age, Market Segmentation by Technology, Market Segmentation by Product, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-automotive-refinish-coatings-market-2015-2019

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