Automotive Refinish Coatings Market by Product Type, by Resin by Technology, by Auto Type, by Vehicle Age by Geography- Global Market Size, Share, Development, Growth, and Demand Forecast, 2016-2023

  • ID: 4517554
  • Report
  • Region: Global
  • 153 pages
  • P&S Market Research
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The increase in vehicle collisions and the increasing average age of vehicles are some of the major factors driving the growth of the 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.

Insights on Market Segments:

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.

Of all auto types, cars are estimated to hold the largest share in the automotive refinish coatings market, with an estimated revenue contribution of more than 70.0% in 2017. This is mainly due to the growth in sales of used cars, coupled with growth in car insurance. However, the fastest growing category during the forecast period is expected to be two-wheelers, registering a CAGR of 5.1% between 2017 to 2023.

Based on vehicle age, the automotive refinish coatings market is segmented into vehicles aged less than 5 years, between 5-10 years, and more than 10 years. Vehicles aged more than 10 years have been leading the market in terms of volume sales, with an estimated contribution of more than 35% in 2017. This is mainly due to the fact that older vehicles are more susceptible to collisions and corrosion as compared to new vehicles.

Asia-Pacific stands as the largest 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. Moreover, the increasing commercial fleet due to logistics demand, and the rise in disposable income driving the rental cab service market, are few other factors driving the demand for the automotive refinish coatings in Asia-Pacific.

Competitive Landscape

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.
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1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Product Type
1.3.2 Market Segmentation by Resin Type
1.3.3 Market Segmentation by Technology
1.3.4 Market Segmentation by Auto Type
1.3.5 Market Segmentation by Vehicle Age
1.3.6 Market Segmentation by Geography
1.3.7 Analysis Period
1.3.8 Market Data Reporting Unit
1.3.8.1 Value
1.3.8.2 Volume
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 by region
2.2.1.2 by industry participant
2.2.1.3 by company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 by Product Type
4.1.1.1 Clearcoats
4.1.1.2 Basecoats
4.1.1.3 Primer & Filler
4.1.1.4 Others
4.1.2 by Technology
4.1.2.1 Solvent-Borne
4.1.2.2 Water-Borne
4.1.2.3 UV Curved
4.1.3 by Resin Type
4.1.3.1 Polyurethane
4.1.3.2 Acrylic
4.1.3.3 Alkyd
4.1.3.4 Epoxy
4.1.3.5 Others
4.1.4 Auto Type
4.1.4.1 Cars
4.1.4.2 Commercial Vehicles
4.1.4.3 Two-Wheelers
4.1.4.4 Others
4.1.5 Vehicle Age
4.1.5.1 < 5 years
4.1.5.2 5-10 Years
4.1.5.3 >10 Years
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Rising disposable income
4.3.1.2 Increase in the number of vehicle collisions
4.3.1.3 Growing demand for recreational vehicles
4.3.1.4 Increasing average age of vehicles
4.3.1.5 Impact analysis of drivers on market forecast
4.3.2 Restraints
4.3.2.1 Rising stringent regulations for volatile organic compound (VOC) emissions
4.3.2.2 Lack of skilled professionals
4.3.2.3 Impact analysis of restraints on market forecast
4.3.3 Opportunities
4.3.3.1 Development of water-borne and UV-cured technologies
4.3.3.2 Growth in rental car owners and used car markets
4.3.3.3 Growing demand from the emerging economies
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Intensity of Rivalry
4.4.5 Threat of Substitute

5. Global Market Size and Forecast
5.1 by Product Type
5.2 by Resin Type
5.3 by Technology
5.4 by Auto Type
5.5 by Vehicle Age
5.6 by Region

6. North America Market Size and Forecast
6.1 by Technology
6.2 by Auto Type
6.3 by Country

7. Europe Market Size and Forecast
7.1 by Technology
7.2 by Auto Type
7.3 by Country

8. Asia-Pacific Market Size and Forecast
8.1 by Technology
8.2 by Auto Type
8.3 by Country

9. RoW Market Size and Forecast
9.1 by Technology
9.2 by Auto Type
9.3 by Country

10. Competitive Landscape
10.1 Market Share Analysis of Key Players
10.2 Global Strategic Developments of Key Players
10.2.1 Mergers and Acquisitions
10.2.2 Product Launches
10.2.3 Partnerships
10.2.4 Facility Expansions and Contracts
10.2.5 Others

11. Company Profiles
11.1 AkzoNobel N.V.
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.2 Axalta Coating Systems Ltd.
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.3 BASF SE
11.3.1 Business Overview
11.3.2 Product and Service Offerings
11.4 Convestro AG
11.4.1 Business Overview
11.4.2 Product and Service Offerings
11.5 Esdee Paint Ltd.
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.6 Kansai Paints Co. Ltd.
11.6.1 Business Overview
11.6.2 Product and Service Offerings
11.7 KAPCI Coating Co. Ltd.
11.7.1 Business Overview
11.7.2 Product and Service Offerings
11.8 KCC Corporation
11.8.1 Business Overview
11.8.2 Product and Service Offerings
11.9 the Lubrizol Corporation
11.9.1 Business Overview
11.9.2 Product and Service Offerings
11.1 NOROO Paint & Coatings Co. Ltd.
11.10.1 Business Overview
11.10.2 Product and Service Offerings
11.11 Nippon Paint Holding Co. Ltd.
11.11.1 Business Overview
11.11.2 Product and Service Offerings
11.12 PPG Industries Inc.
11.12.1 Business Overview
11.12.2 Product and Service Offerings
11.13 the Sherwin-Williams Company
11.13.1 Business Overview
11.13.2 Product and Service Offerings
11.14 S.Coat Co., Ltd.
11.14.1 Business Overview
11.14.2 Product and Service Offerings
11.15 Berger Paints India Ltd.
11.15.1 Business Overview
11.15.2 Product and Service Offerings

12. Appendix
12.1 Abbreviations
12.2 Sources and References

List of Tables
Table 1 Analysis Period of the Study
Table 2 Drivers For the Market: Impact Analysis
Table 3 Restraints For the Market: Impact Analysis
Table 4 Bargaining Power of Buyers
Table 5 Bargaining Power of Suppliers
Table 6 Threat of New Entrants
Table 7 Intensity of Rivalry
Table 8 Threat of Substitute
Table 9 Global Automotive Refinish Coatings Market, by Product Type, Kilotons (2016 - 2023)
Table 10 Global Automotive Refinish Coatings Market, by Product Type, $M (2016 - 2023)
Table 11 Global Automotive Refinish Coatings Market, by Resin Type, Kilotons (2016 - 2023)
Table 12 Global Automotive Refinish Coatings Market, by Resin Type, $M (2016 - 2023)
Table 13 Global Automotive Refinish Coatings Market, by Technology, Kilotons (2016 - 2023)
Table 14 Global Automotive Refinish Coatings Market, by Technology, $M (2016 - 2023)
Table 15 Global Automotive Refinish Coatings Market, by Auto Type, Kilotons (2016 - 2023)
Table 16 Global Automotive Refinish Coatings Market, by Auto Type, $M (2016 - 2023)
Table 17 Global Automotive Refinish Coatings Market, by Vehicle Age, Kilotons (2016 - 2023)
Table 18 Global Automotive Refinish Coatings Market, by Vehicle Age, $M (2016 - 2023)
Table 19 Global Automotive Refinish Coatings Market, by Region, Kilotons (2016 - 2023)
Table 20 Global Automotive Refinish Coatings Market, by Region, $M (2016 - 2023)
Table 21 North America Automotive Refinish Coatings Market, by Technology, Kilotons (2016 - 2023)
Table 22 North America Automotive Refinish Coatings Market, by Technology, $M (2016 - 2023)
Table 23 North America Automotive Refinish Coatings Market, by Auto Type, Kilotons (2016 - 2023)
Table 24 North America Automotive Refinish Coatings Market, by Auto Type, $M (2016 - 2023)
Table 25 North America Automotive Refinish Coatings Market, by Country, Kilotons (2016 - 2023)
Table 26 North America Automotive Refinish Coatings Market, by Country, $M (2016 - 2023)
Table 27 Europe Automotive Refinish Coatings Market, by Technology, Kilotons (2016 - 2023)
Table 28 Europe Automotive Refinish Coatings Market, by Technology, $M (2016 - 2023)
Table 29 Europe Automotive Refinish Coatings Market, by Auto Type, Kilotons (2016 - 2023)
Table 30 Europe Automotive Refinish Coatings Market, by Auto Type, $M (2016 - 2023)
Table 31 Europe Automotive Refinish Coatings Market, by Country, Kilotons (2016 - 2023)
Table 32 Europe Automotive Refinish Coatings Market, by Country, $M (2016 - 2023)
Table 33 Asia-Pacific Automotive Refinish Coatings Market, by Technology, Kilotons (2016 - 2023)
Table 34 Asia-Pacific Automotive Refinish Coatings Market, by Technology, $M (2016 - 2023)
Table 35 Asia-Pacific Automotive Refinish Coatings Market, by Auto Type, Kilotons (2016 - 2023)
Table 36 Asia-Pacific Automotive Refinish Coatings Market, by Auto Type, $M (2016 - 2023)
Table 37 Asia-Pacific Automotive Refinish Coatings Market, by Country, Kilotons (2016 - 2023)
Table 38 Asia-Pacific Automotive Refinish Coatings Market, by Country, $M (2016 - 2023)
Table 39 Row Automotive Refinish Coatings Market, by Technology, Kilotons (2016 - 2023)
Table 40 Row Automotive Refinish Coatings Market, by Technology, $M (2016 - 2023)
Table 41 Row Automotive Refinish Coatings Market, by Auto Type, Kilotons (2016 - 2023)
Table 42 Row Automotive Refinish Coatings Market, by Auto Type, $M (2016 - 2023)
Table 43 Row Automotive Refinish Coatings Market, by Country, Kilotons (2016 - 2023)
Table 44 Row Automotive Refinish Coatings Market, by Country, $M (2016 - 2023)
Table 45 Akzonobel N.V. - At a Glance
Table 46 Axalta Coating Systems Ltd. - At a Glance
Table 47 Basf Se - At a Glance
Table 48 Convestro Ag - At a Glance
Table 49 Esdee Paint Ltd. - At a Glance
Table 50 Kansai Paints Co. Ltd. - At a Glance
Table 51 Kapci Coating Co. Ltd. - At a Glance
Table 52 Kcc Corporation - At a Glance
Table 53 the Lubrizol Corporation - At a Glance
Table 54 Noroo Paint & Coatings Co. Ltd. - At a Glance
Table 55 Nippon Paint Holding Co. Ltd. - At a Glance
Table 56 Ppg Industries Inc. - At a Glance
Table 57 the Sherwin-Williams Company - At a Glance
Table 58 S.Coat Co., Ltd. - At a Glance
Table 59 Berger Paints India Ltd. - At a Glance

List of Figures
Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Regional Split of Primary and Secondary Research
Fig 4 Breakdown of Primary Research by Region
Fig 5 Breakdown of Primary Research by Industry Participant
Fig 6 Breakdown of Primary Research by Company Type
Fig 7 Data Triangulation Approach
Fig 8 Global Automotive Refinish Coatings Market Summary
Fig 9 Value Chain Analysis of Global Automotive Refinish Coatings Market
Fig 10 Growth Rate of Gdp In Asia-Pacific Countries (2017 and 2018)
Fig 11 Vehicle Crashes In the U.S. (2013-2015)
Fig 12 Global Rv Shipments, 2014 - 2016 (Units)
Fig 13 Average Age of Vehicles In Europe, 2016
Fig 14 Porter’S Five Forces Analysis
Fig 15 Global Automotive Refinish Coatings Market, by Product Type, Kilotons (2016 - 2023)
Fig 16 Global Automotive Refinish Coatings Market, by Resin Type, Kilotons (2016 - 2023)
Fig 17 Global Automotive Refinish Coatings Market, by Technology, Kilotons (2016 - 2023)
Fig 18 Global Automotive Refinish Coatings Market, by Auto Type, Kilotons (2016 - 2023)
Fig 19 Global Automotive Refinish Coatings Market, by Vehicle Age, Kilotons (2016 - 2023)
Fig 20 Global Automotive Refinish Coatings Market, by Region, Kilotons (2016 - 2023)
Fig 21 North America Automotive Refinish Coatings Market Snapshot
Fig 22 North America Automotive Refinish Coatings Market, by Technology, Kilotons (2016 - 2023)
Fig 23 North America Automotive Refinish Coatings Market, by Auto Type, Kilotons (2016 - 2023)
Fig 24 North America Automotive Refinish Coatings Market, by Country, Kilotons (2016 - 2023)
Fig 25 Europe Automotive Refinish Coatings Market Snapshot
Fig 26 Europe Automotive Refinish Coatings Market, by Technology, Kilotons (2016 - 2023)
Fig 27 Europe Automotive Refinish Coatings Market, by Auto Type, Kilotons (2016 - 2023)
Fig 28 Europe Automotive Refinish Coatings Market, by Country, Kilotons (2016 - 2023)
Fig 29 Asia-Pacific Automotive Refinish Coatings Market Snapshot
Fig 30 Asia-Pacific Automotive Refinish Coatings Market, by Technology, Kilotons (2016 - 2023)
Fig 31 Asia-Pacific Automotive Refinish Coatings Market, by Auto Type, Kilotons (2016 - 2023)
Fig 32 Asia-Pacific Automotive Refinish Coatings Market, by Country, Kilotons (2016 - 2023)
Fig 33 Row Automotive Refinish Coatings Market Snapshot
Fig 34 Row Automotive Refinish Coatings Market, by Technology, Kilotons (2016 - 2023)
Fig 35 Row Automotive Refinish Coatings Market, by Auto Type, Kilotons (2016 - 2023)
Fig 36 Row Automotive Refinish Coatings Market, by Country, Kilotons (2016 - 2023)
Fig 37 Global Automotive Refinish Coatings Market Share of Key Players (2016)
Fig 38 Recent Activities of Market Players
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