The refinish paint market for automotive was valued at USD 6.75 Billion in 2016 and is projected to reach USD 8.50 Billion by 2022, at a CAGR of 4.0% during the forecast period. In this study, 2016 is considered as the base year to estimate the size of the refinish paint market for automotive, while 2017 to 2022 is considered as the forecast period.

The objectives of this study are -

To analyze, define, segment, and forecast the refinish paint market for automotive.
To determine the size of the refinish paint market for automotive in various regions, namely, North America, Europe, APAC, South America, and the Middle East & Africa
To provide detailed information regarding major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the refinish paint market for automotive
To strategically analyze micro-markets with respect to individual growth trends, prospects, and contribution to the refinish paint market for automotive
To profile key players in the refinish paint market for automotive and comprehensively analyze their market shares and core competencies
To analyze competitive developments, such as investments, expansions, joint ventures, mergers & acquisitions, new product launches, and research & development (R&D) activities in the refinish paint market for automotive
To analyze opportunities in the refinish paint market for automotive for key players and provide detailed competitive landscape for market leaders



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.

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.



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Key Target Audience:

Manufacturers of Refinish Paints
Raw Material Suppliers
Traders, Distributors, and Suppliers of Refinish Paints
Regional Associations of Manufacturers of Refinish Paints
Government and Regional Agencies, and Research Organizations
Investment Research Firms
Refinish paint market for automotive, by Resin:

Polyurethane
Epoxy
Acrylic
Others
Refinish paint market for automotive, by Technology:

Solventborne
Waterborne
Powder

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