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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Report Description<br />
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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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