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

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.

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Technavio has announced its latest market research report titled Global Automotive Refinish Coatings Market 2020-2024 (Graphic: Business Wire)

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:

• Type
  • Solvent-based Coatings
  • Water-based Coatings
  • Others
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • MEA

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:

• Automotive Refinish Coatings Market size
• Automotive Refinish Coatings Market trends
• Automotive Refinish Coatings Market industry analysis

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

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist automotive refinish coatings market growth during the next five years
• Estimation of the automotive refinish coatings market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive refinish coatings market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive refinish coatings market vendors

Table Of Contents :

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Solvent-based coatings - Market size and forecast 2019-2024
• Water-based coatings - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Type

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Volume Drivers – Demand led growth

Market Challenges

Market Trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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.
• The Sherwin-Williams Co.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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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