Refinish Paint Market for Automotive Worth 8.50 Billion USD by 2022

PUNE, India, December 14, 2017 /PRNewswire/ --

The report "Refinish Paint Market for Automotive by Layer (Clearcoat, Basecoat, Primer, & Sealer), Resin (PU, Epoxy, & Acrylic), Technology (Waterborne, Solventborne & Powder), Vehicle (Passenger Cars, Commercial Vehicles), and Region - Global Forecast to 2022" published by MarketsandMarketstm, the market for Automotive is projected to grow from USD 7.00 Billion in 2017 to USD 8.50 Billion by 2022, at a CAGR of 4.0% from 2017 to 2022. The growth of this market is driven by the increasing demand for cars, high collision rate, rising income of the middle-class population, and the propensity of car owners to repair their vehicles post any collision. In 2016, the passenger car segment accounted for the largest share of the overall automotive refinish coating market.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 94 market data Tables and 39 Figures spread through 126 Pages and in-depth TOC on "Refinish Paint Market"

https://www.marketsandmarkets.com/Market-Reports/refinish-paint-market-9257396.html
Early buyers will receive 10% customization on this report

Based on layer, the clearcoat segment is expected to be the largest segment of the market, in terms of volume, during the forecast period. 

The clearcoat layer segment accounts for the largest share in terms of volume, in the overall automotive refinish market. Clearcoat is the final layer after basecoat in the automotive refinish coating process. It provides durability, scratch resistance, and chemical resistance to the overall coating. Clearcoat also protects against UV rays and provides a lustrous look to the vehicle.

Get PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=9257396

Based on resin, the polyurethane segment is projected to witness the highest growth during the forecast period. 

Polyurethane resins are widely used in clearcoat and basecoat. This resin helps formulate automotive coatings with higher gloss and excellent finish. The polyurethane resin based coating offers superior durability, thereby, lowering maintenance requirements significantly. The growth of polyurethane resin is also backed by its excellent resistance to UV rays, chemicals, and corrosion.

Based on technology, solventborne coating is projected to be the largest segment of the market during the forecast period. 

Solvent borne coating dominates the overall automotive refinish coating market. Solvent borne coating technology offers higher gloss level and excellent adhesion when compared to other technologies.  It is also less affected by environmental conditions such as temperature and humidity during the curing phase.  However, due to stringent environmental regulations in North America and Europe, there is a shift from solventborne to waterborne and powder coating.

The Refinish Paint Market for Automotive in APAC is projected to witness the highest growth during the forecast period. 

The Refinish Paint Market for Automotive in APAC expected to witness the highest growth during the forecast period. The growth can be majorly backed by the increasing demand for cars and rising income of middle-class population in emerging economies, such as China, India, and South Korea. Major key players are focused on inorganic growth strategies such as mergers & acquisitions to enhance its footprint as well as cater the growing demand in this region.

Key players profiled in the Refinish Paint Market for Automotive report are Axalta (US), PPG Industries (US), BASF (Germany), Sherwin-Williams (US), Kansai Paint (Japan), Nippon Paint (Japan), KCC Corporation (Korea), and AkzoNobel (Netherlands)

Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=9257396

Browse Related Reports 

Automotive Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent-Borne, Water-Borne, Powder Coating), Coat Type (Clearcoat, Basecoat, Primer, E-Coat) - Global Forecast to 2021

https://www.marketsandmarkets.com/Market-Reports/automotive-coating-market-3359935.html

Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Water-Based, Solvent-Based, High Solids, Powder), Application (Architectural & Industrial), and Region - Global Forecasts to 2022

https://www.marketsandmarkets.com/Market-Reports/paint-coating-market-156661838.html 

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarketstm  

MarketsandMarketstm provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarketstm for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarketstm are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarketstm now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarketstm is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarketstm INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]

Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets