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COVID-19 Impacts: Global Automotive Refinish Coatings Market will Accelerate at a CAGR of almost 3% through 2020-2024 | Increased Focus on R&D and Innovative Methods to Reduce the Cycle Time to Boost Growth | Technavio


Technavio has been monitoring the global automotive refinish coatings market size and it is poised to grow by USD 1.69 billion during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., and The Sherwin-Williams Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The increased focus on R&D and innovative methods to reduce the cycle time has been instrumental in driving the growth of the market. However, increasing supply-demand imbalance might hamper market growth.

Automotive Refinish Coatings Market 2020-2024 : Segmentation

Automotive Refinish Coatings Market is segmented as below:

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44560

Automotive Refinish Coatings Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive refinish coatings market report covers the following areas:

This study identifies the increasing adoption of UV-curable coating as one of the prime reasons driving the automotive refinish coatings market growth during the next few years.

Automotive Refinish Coatings Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the automotive refinish coatings market, including some of the vendors such as 3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., and The Sherwin-Williams Co. Backed with competitive intelligence and benchmarking, our research reports on the automotive refinish coatings market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Automotive Refinish Coatings Market 2020-2024 : Key Highlights

Table Of Contents :

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Type

Customer Landscape

Geographic Landscape

Volume Drivers ? Demand led growth

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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