Automotive Refinish Coatings Market Expected to Expand at a Steady CAGR through 2025
Automotivevehicles require timely maintenance and repairing to enhance the appearance and durability of vehicle by protecting them from external factors such as extreme temperature and UV radiation. For the need of refinishing the automotive refinishing coatings are frequently used in automotive aftermarket by end-users like automotive body shops and automotive repair centers. For durability, speed and perfect matching color the service providers use advance technology such as spray gun to apply primer and color coats of paints. Refinishing coatings are also applied to components and body of vehicle to protect from deterioration caused by foreign particles such as stone and other debris.An increasing demand for refinishing of vehicles across the globe, has led to significant improvements in automotive refinish coatings market such asdevelopment of advance coating material which are eco-friendly and low-solvent content. These products also provide good blend of ease of use, speed, durability and color match. Some of the underlying growth factors in global automotive refinish coatings market is consistent increase in number of vehicles in operation worldwide. Increase in miles driven, road accidents, and demand for recreational vehicles are the major drivers responsible for the growth of global automotive refinish coatings market. However, volatility of raw material prices and enhanced road safety parameters are some of the major challenges inglobal automotive refinish coatings market. Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-413
Automotivevehicles require timely maintenance and repairing to enhance the appearance and durability of vehicle by protecting them from external factors such as extreme temperature and UV radiation. For the need of refinishing the automotive refinishing coatings are frequently used in automotive aftermarket by end-users like automotive body shops and automotive repair centers. For durability, speed and perfect matching color the service providers use advance technology such as spray gun to apply primer and color coats of paints. Refinishing coatings are also applied to components and body of vehicle to protect from deterioration caused by foreign particles such as stone and other debris.An increasing demand for refinishing of vehicles across the globe, has led to significant improvements in automotive refinish coatings market such asdevelopment of advance coating material which are eco-friendly and low-solvent content. These products also provide good blend of ease of use, speed, durability and color match.
Some of the underlying growth factors in global automotive refinish coatings market is consistent increase in number of vehicles in operation worldwide. Increase in miles driven, road accidents, and demand for recreational vehicles are the major drivers responsible for the growth of global automotive refinish coatings market. However, volatility of raw material prices and enhanced road safety parameters are some of the major challenges inglobal automotive refinish coatings market.
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Global <strong>Au<strong>to</strong>motive</strong><br />
<strong>Refinish</strong> <strong>Co<strong>at</strong>ings</strong><br />
<strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segment<strong>at</strong>ion and Forecast,<br />
2015<br />
Future <strong>Market</strong> Insights<br />
www.futuremarketinsights.com<br />
sales@futuremarketinsights.com
Report Description<br />
<strong>Au<strong>to</strong>motive</strong> vehicles require timely maintenance and repairing <strong>to</strong> enhance the<br />
appearance and durability of vehicle by protecting them from external fac<strong>to</strong>rs such as<br />
extreme temper<strong>at</strong>ure and UV radi<strong>at</strong>ion. For the need of refinishing the au<strong>to</strong>motive<br />
refinishing co<strong>at</strong>ings are frequently used in au<strong>to</strong>motive aftermarket by end-users like<br />
au<strong>to</strong>motive body shops and au<strong>to</strong>motive repair centers. For durability, speed and perfect<br />
m<strong>at</strong>ching color the service providers use advance technology such as spray gun <strong>to</strong> apply<br />
primer and color co<strong>at</strong>s of paints. <strong>Refinish</strong>ing co<strong>at</strong>ings are also applied <strong>to</strong> components and<br />
body of vehicle <strong>to</strong> protect from deterior<strong>at</strong>ion caused by foreign particles such as s<strong>to</strong>ne<br />
and other debris.An increasing demand for refinishing of vehicles across the globe, has<br />
led <strong>to</strong> significant improvements in au<strong>to</strong>motive refinish co<strong>at</strong>ings market such<br />
asdevelopment of advance co<strong>at</strong>ing m<strong>at</strong>erial which are eco-friendly and low-solvent<br />
content. These products also provide good blend of ease of use, speed, durability and<br />
color m<strong>at</strong>ch.<br />
Browse Full Report@ http://www.futuremarketinsights.com/reports/details/au<strong>to</strong>motiverefinish-co<strong>at</strong>ings-market<br />
Some of the underlying growth fac<strong>to</strong>rs in global au<strong>to</strong>motive refinish co<strong>at</strong>ings market is<br />
consistent increase in number of vehicles in oper<strong>at</strong>ion worldwide. Increase in miles<br />
driven, road accidents, and demand for recre<strong>at</strong>ional vehicles are the major drivers<br />
responsible for the growth of global au<strong>to</strong>motive refinish co<strong>at</strong>ings market. However,<br />
vol<strong>at</strong>ility of raw m<strong>at</strong>erial prices and enhanced road safety parameters are some of the<br />
major challenges inglobal au<strong>to</strong>motive refinish co<strong>at</strong>ings market.
Report Description<br />
The global au<strong>to</strong>motive refinish co<strong>at</strong>ings market is geographically segmented in<strong>to</strong> seven<br />
key regions which are, North America, L<strong>at</strong>in America, Eastern Europe, Western Europe,<br />
Asia Pacific, Japan and Middle East & Africa. Asia-pacific is leading au<strong>to</strong>motive refinish<br />
co<strong>at</strong>ings market in terms of revenue due <strong>to</strong> rising vehicles in oper<strong>at</strong>ion and increasing<br />
sales of pre-owned cars. However the growth in North America, Eastern Europe and<br />
Western Europe is expected <strong>to</strong> remain stagnant for the forecast period. Growth in<br />
au<strong>to</strong>motive refinish co<strong>at</strong>ings market is rel<strong>at</strong>ively high in BRIC n<strong>at</strong>ions when compared<br />
with m<strong>at</strong>ured economies due <strong>to</strong> developing au<strong>to</strong>motive aftermarket in these countries.<br />
This rapid growth in au<strong>to</strong>motive refinish co<strong>at</strong>ings market is fuelled by multiplemacroeconomic<br />
fac<strong>to</strong>rs such as rising number of cab-services, increasing car cus<strong>to</strong>miz<strong>at</strong>ion and<br />
rising capacity of collision repair& vehicle body shops. In addition, it is expected th<strong>at</strong> in<br />
the next 30 years the <strong>to</strong>tal number of passenger cars in developing countries would reach<br />
around 3.5 <strong>to</strong> 4 billion.<br />
On the basis of product type the global au<strong>to</strong>motive refinish co<strong>at</strong>ings market is further<br />
segmented in<strong>to</strong> two sub-segments which are Solvent-borne <strong>Co<strong>at</strong>ings</strong> and w<strong>at</strong>er-borne<br />
<strong>Co<strong>at</strong>ings</strong>. The solvent-borne co<strong>at</strong>ings domin<strong>at</strong>es the global au<strong>to</strong>motive refinish co<strong>at</strong>ings<br />
market, whilst for the forecast period the growth r<strong>at</strong>e of w<strong>at</strong>er-borne co<strong>at</strong>ing type is<br />
estim<strong>at</strong>ed <strong>to</strong> be high. In Europe and North America au<strong>to</strong>motive refinish co<strong>at</strong>ings market<br />
adoption of w<strong>at</strong>er-borne co<strong>at</strong>ing m<strong>at</strong>erial segment is increasing rapidly due <strong>to</strong><br />
government regul<strong>at</strong>ions<strong>to</strong> reduce vol<strong>at</strong>ile organic compounds (VOC) level, which is<br />
generally high in solvent-borne co<strong>at</strong>ings.
Report Description<br />
Request Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-413<br />
Some of the examples of market participants in global au<strong>to</strong>motive refinish co<strong>at</strong>ings<br />
market are DuPont Performance Co<strong>at</strong>ing, BASF SE, Kansai Paint Co. Ltd, Akzo Nobel N.V,<br />
KCC Corp, Noroo Paint <strong>Co<strong>at</strong>ings</strong> Co. Ltd., PPG Industries Inc., and M<strong>at</strong>rix System<br />
<strong>Au<strong>to</strong>motive</strong> Finishes.<br />
In future, global au<strong>to</strong>motive refinish market is expected <strong>to</strong> grow significantly in terms of<br />
volume and value. This growth will give rise <strong>to</strong> new product development with enhanced<br />
properties like quick drying, cost-efficient and high performance co<strong>at</strong>ings.
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Report Description<br />
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