Market Overview

Global Automotive Refinish Coatings Market 2018-2022 | Factors Encouraging Growth | Technavio

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Technavio
analysts forecast the global automotive refinish coatings market to grow
at a CAGR of nearly 6% during the forecast period, according to
their latest market research report.

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Technavio has published a new market research report on the global automotive refinish coatings mark ...

Technavio has published a new market research report on the global automotive refinish coatings market from 2018-2022. (Graphic: Business Wire)

The increasing demand for UV-curable coating and nanocoating is one of
the major trends being witnessed in the global
automotive refinish coatings market 2018-2022
. The automotive
industry focusses on using low-cost advanced technologies to improve
performance. Numerous research activities are being undertaken for the
development of new coating technologies such as UV-curable coating and
nanocoating.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global automotive refinish coatings market is the
increased focus on R&D and innovative methods to reduce the cycle time:

Global automotive refinish coatings market:
Increased focus on R&D and innovative methods to reduce the cycle time

Global companies are investing in R&D activities to introduce new
technologies in refinish coatings to cater to the changing customer
requirements and improve their product portfolio. Several companies are
focusing on the development of new products to reduce the cycle time,
improve efficiency, and reduce operational costs.

According to a senior analyst at Technavio for research on specialty
chemicals, "Under the direct repair program, direct repair facility
shops enter into strategic partnerships with insurance companies. Direct
repair program streamlines claim settlement in case of road accidents
and reduce the time required for documentation and cycle time. These
programs help in reducing cycle time and improve performance by
providing them knowledge on lean six sigma programs and implementation
of new technologies."

Global automotive refinish coatings market:
Segmentation analysis

The global automotive refinish coatings market research report provides
market segmentation by technology (solvent-based coatings and
water-based coatings) and by region (the Americas, EMEA, and APAC). It
provides an in-depth analysis of the prominent factors influencing the
market, including drivers, opportunities, trends, and industry-specific
challenges.

The solvent-based coatings segment held the largest market share in
2017, accounting for nearly 61% of the market. This technology segment
is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 43%. The
region is expected to dominate the market through 2022, with an increase
in its market share.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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