Global Automotive Refinish Coatings Market

Global Automotive Refinish Coatings Market: Focus on Product Type (Clearcoats, Basecoats, Primer & Filler), Technology (Solvent-Borne, Water-Borne, UV Cured), Resin Type, Automotive Type and Vehicle Age - Analysis and Forecast: 2017 to 2021

The global automotive refinish coatings market was estimated at $7,850.0 million in 2016, and is expected to register a CAGR of 5.3% from 2016 to 2021. In terms of volume, the global automotive refinish coatings market is expected to register a CAGR of 4.5% between 2016 and 2021.

SKU: MC022A
Published Year: 2018
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Coatings have become an integral part of various end-use industries, ranging from manufacturing to medical & healthcare. End-user industries have started to realise the advantages of using automotive refinish coatings over conventional paints and coatings. This combined with increased R&D activities have led to the growth of the automotive refinish coatings market. It is expected to grow at a CAGR of 5.3% and 4.5%, by value ($million) and volume (kilotons) respectively between 2016 and 2026.

The report is a compilation of the different segments of global automotive refinish coatings market, including market breakdown by product type, vehicle age, technology, resins, auto type, and regional areas. Herein the revenue generated from the product types, namely:  basecoats, clearcoat, primer & filter, and others;  resins, namely alkyd, acrylic, polyurethane, and epoxy; technology (solvent-borne, waterborne, and UV-cured); auto type (cars, two-wheelers, and commercial vehicles); vehicle age (vehicles aged less than 5 years, vehicles between 5-10 years, and vehicles more than 10 years); and regions, namely: North America, Europe, Asia-Pacific, South America, and Middle East and Africa is tracked to calculate the overall market size, both in terms of value ($million) and volume (kilotons). The report also provides market numbers and analysis on cross segments which includes country by end-user industries. While highlighting the key driving and restraining forces for this market, the report also provides a detailed  summary of the global automotive refinish coatings market. It also includes the key participants involved in the industry at the relevant sections. 

The report answers the following questions about the global automotive refinish coatings market:

•    What is the size, in terms of value ($million) and volume (kilotons) of automotive refinish coatings market in 2016, and growth rate during the forecast period, 2017-2021?
•    What is the market size of different product types of automotive refinish coatings ($Million and Kilotons) and their growth rate during the forecast period, 2017-2021?
•    How will different technologies of automotive refinish coatings market grow during the forecast period and what will be the market size ($Million and Kilotons) of each of the end-user industry by the end of 2021?
•    What is the market size for different regions and countries in terms of value and volume ($Million and Kilotons) in the automotive refinish coatings market and their growth across the forecast period, 2017 to 2021?
•    What is the market share of different types of automotive refinish coatings on basis of auto type and their growth rate during the forecast period, 2016-2021?
•    What is the market share of automotive refinish coatings on basis of vehicle age and their growth rate during the forecast period, 2016-2021?
•    What are the major driving forces that tend to increase the demand for automotive refinish coatings market during the forecast period?
•    What are the major challenges inhibiting the growth of the global automotive refinish coatings market?
•    What is the competitive strength of key players in the global automotive refinish coatings market by analysing through market share analysis?
•    What are the key market players in the automotive refinish coatings market, along with their detailed analysis & profiles (including their financials, company snapshots, key products & services, and SWOT analysis)?

The report further includes a thorough analysis of the impact of the Porter’s five major forces to understand the overall attractiveness of the industry. The most commonly used strategy for developing a better hold on the market has been through business expansions. Moreover, the company profile section  highlights  significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years. 

Further, the report includes an exhaustive analysis of the regional split into North America, Europe, Asia-Pacific (APAC), South America, and Middle East and Africa. Each region details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global automotive refinish coatings market are include Axalta Coatings Systems, PPG Industries Inc., AkzoNobel N.V., BASF SE, Sherwin Williams, KCC Paints, Covestro, Berger Paints, Kansai Paint, Nippon Paint, NOROO Paint, Lubrizol Corporation, S.Coat, and Diamond Vogel, among others.

TABLE OF CONTENT
Executive Summary
1 Report Scope & Methodology
1.1 Report Scope
1.2 Global Automotive Refinish Coatings Market Research Methodology
1.2.1 Assumptions & Limitations
1.2.2 Primary Research
1.2.3 Secondary Research
1.2.4 Data Triangulation
1.2.5 Data Analysing and Market Estimation
2 Market Dynamics
2.1 Market Drivers
2.1.1 Rising Disposable Income
2.1.2 Increase in the Number of Vehicle Collisions
2.1.3 Growing Demand for Recreational Vehicles
2.1.4 Increasing Average Age of Vehicles
2.2 Market Restraints
2.2.1 Stringent Regulations for Volatile Organic Compound (VOC) Emissions
2.2.2 Lack of Skilled Professionals
2.3 Opportunities
2.3.1 Development of Water-Borne and UV-Cured Technologies
2.3.2 Growth in Rental Car Owners and Used Car Markets
2.3.3 Growing Demand from the Emerging Economies
3 Competitive Landscape
3.1 Key Market Developments and Strategies
3.1.1 Business Expansion & Contracts
3.1.2 Product Launches & Development
3.1.3 Partnerships, Collaborations, and Joint Ventures
3.1.4 Mergers & Acquisitions
3.1.5 Others (Awards & Recognitions)
3.2 Market Share Analysis
3.2.1 Market Share Analysis of the Global Automotive Refinish Coatings Market
3.2.2 Market Share Analysis of India Automotive Refinish Coatings Market
3.2.3 Market Share Analysis of South Korea Automotive Refinish Coatings Market
3.2.4 Ranking Analysis of Japan Automotive Refinish Coatings Market
4 Industry Analysis
4.1 Opportunity Matrix
4.2 Country Share Analysis
4.3 Supply Chain Analysis
4.4 Industry Attractiveness
4.5 Associations, Consortiums, and Alliances
5 Global Automotive Refinish Coatings Market, by Product Type, by Value ($Million) and by Volume (Kilotons)
5.1 Assumptions and Limitations for Analysis and Forecast of the Global Automotive Refinish Coatings Market
5.2 Market Overview
5.3 Basecoats
5.4 Clearcoats
5.5 Primer & Filler
5.6 Others
6 Global Automotive Refinish Coatings Market, by Resin Type, by Value ($Million) and by Volume (Kilotons)
6.1 Market Overview
6.2 Polyurethane
6.3 Acrylic
6.4 Alkyd
6.5 Epoxy
6.6 Others
7 Global Automotive Refinish Coatings Market, by Technology, by Value ($Million) and by Volume (Kilotons)
7.1 Water-Borne
7.2 Solvent-Borne
7.3 Ultra-Violet (UV) Cured
8 Global Automotive Refinish Coatings Market, by Auto Type, by Value ($Million) and by Volume (Kilotons)
8.1 Cars
8.2 Commercial Vehicles
8.3 Two-Wheelers
8.4 Others Auto Type
9 Global Automotive Refinish Coatings Market, by Vehicle Age, by Value ($Million) and by Volume (Kilotons)
9.1 Market Overview
9.2 <5 years
9.3 5-10 years
9.4 >10 years
10 Global Automotive Refinish Coatings Market, by Region, by Value ($Million) and by Volume (Kilotons)
10.1 Market Overview
10.2 North America
10.2.1 North America Automotive Refinish Coatings Market, by Technology
10.2.2 North America Automotive Refinish Coatings Market, by Auto Type
10.2.3 North America Automotive Refinish Coatings Market, by Country
10.2.3.1 The U.S.
10.2.3.2 Canada
10.2.3.3 Mexico
10.3 Europe
10.3.1 Europe Automotive Refinish Coatings Market, by Technology Type
10.3.2 Europe Automotive Refinish Coatings Market, by Auto Type
10.3.3 Europe Automotive Refinish Coatings Market, by Country
10.3.3.1 The U.K.
10.3.3.2 Germany
10.3.3.3 France
10.3.3.4 Italy
10.3.3.5 Russia
10.3.3.6 The Netherlands
10.3.3.7 Sweden
10.3.3.8 Denmark
10.3.3.9 Poland
10.3.3.10 Rest of Europe
10.4 Asia-Pacific
10.4.1 APAC Automotive Refinish Coatings Market, by Technology
10.4.2 APAC Automotive Refinish Coatings Market, by Auto Type
10.4.3 APAC Automotive Refinish Coatings Market, by Country
10.4.3.1 China
10.4.3.2 Japan
10.4.3.3 India
10.4.3.4 South Korea
10.4.3.5 Australia & New Zealand (ANZ)
10.4.3.6 Indonesia
10.4.3.7 Thailand
10.4.3.8 Vietnam
10.4.3.9 Philippines
10.4.3.10 Malaysia
10.4.3.11 Singapore
10.4.3.12 Rest of Asia-Pacific
10.5 Rest of the World (RoW)
10.5.1 Row Automotive Refinish Coatings Market, by Technology
10.5.2 RoW Automotive Refinish Coatings Market, by Auto Type
10.5.3 RoW Automotive Refinish Coatings Market, by Country
10.5.3.1 Brazil
10.5.3.2 Argentina
10.5.3.3 Saudi Arabia
10.5.3.4 South Africa
10.5.3.5 Others
11 Company Profiles
11.1 AkzoNobel N.V.
11.1.1 Company Overview
11.1.2 Product Portfolio
11.1.3 Financials
11.1.3.1 Financial Summary
11.1.4 SWOT Analysis
11.2 Axalta Coating Systems Ltd.
11.2.1 Company Overview
11.2.2 Product Portfolio
11.2.3 Financials
11.2.3.1 Financial Summary
11.2.4 SWOT Analysis
11.3 BASF SE
11.3.1 Company Overview
11.3.2 Product Portfolio
11.3.3 Financials
11.3.3.1 Financial Summary
11.3.4 SWOT Analysis
11.4 Covestro AG
11.4.1 Company Overview
11.4.2 Product Portfolio
11.4.3 Corporate Summary
11.4.4 SWOT Analysis
11.5 Esdee Paint Ltd.
11.5.1 Company Overview
11.5.2 Product Portfolio
11.5.3 Corporate Summary
11.5.4 SWOT Analysis
11.6 Kansai Paints Co. Ltd.
11.6.1 Company Overview
11.6.2 Product Portfolio
11.6.3 Financials
11.6.3.1 Financial Summary
11.6.4 SWOT Analysis
11.7 KAPCI Coating Co. Ltd.
11.7.1 Company Overview
11.7.2 Product Portfolio
11.7.3 Corporate Summary
11.7.4 SWOT Analysis
11.8 KCC Corporation
11.8.1 Company Overview
11.8.2 Product Portfolio
11.8.3 Corporate Summary
11.8.4 SWOT Analysis
11.9 The Lubrizol Corporation
11.9.1 Company Overview
11.9.2 Product Portfolio
11.9.3 Corporate Summary
11.9.4 SWOT Analysis
11.10 NOROO Paint & Coatings Co. Ltd.
11.10.1 Company Overview
11.10.2 Product Portfolio
11.10.3 Corporate Summary
11.10.4 SWOT Analysis
11.11 Nippon Paint Holding Co. Ltd.
11.11.1 Company Overview
11.11.2 Product Portfolio
11.11.3 Financials
11.11.3.1 Financial Summary
11.11.4 SWOT Analysis
11.12 PPG Industries Inc.
11.12.1 Company Overview
11.12.2 Product Portfolio
11.12.3 Financials
11.12.3.1 Financial Summary
11.12.4 SWOT Analysis
11.13 The Sherwin-Williams Company
11.13.1 Company Overview
11.13.2 Product Portfolio
11.13.3 Financials
11.13.3.1 Financial Summary
11.13.4 SWOT Analysis
11.14 S.Coat Co., Ltd.
11.14.1 Company Overview
11.14.2 Product Portfolio
11.14.3 Corporate Summary
11.14.4 SWOT Analysis
11.15 Berger Paints India Ltd.
11.15.1 Company Overview
11.15.2 SWOT Analysis
List of Tables
Table 1  Market Snapshot: Global Automotive Refinish Coatings Market, 2016 and 2021 ($Million)
Table 3.1 Key Business Expansion & Contracts, 2014 - 2017
Table 3.2 Key Product Launches & Developments, 2014-2017
Table 3.3 Key Partnerships, Collaborations, and Joint Ventures, 2014 - 2017
Table 3.4 Key Mergers & Acquisitions (2014-2017)
Table 3.5 Other Developments, 2016 - 2017
Table 3.6 Ranking Analysis of the Leading Players in the Japan Automotive Refinish Coatings Market, 2016
Table 3.7 Some of the Companies Offering Automotive Refinish Coatings in Japan
Table 4.1 Analyzing the Threat of New Entrants
Table 4.2 Analyzing the Bargaining Power of Buyers
Table 4.3 Analyzing the Bargaining Power of Suppliers
Table 4.4 Analyzing the Threat from Substitutes
Table 4.5 Analyzing the Intensity of Competitive Rivalry
Table 4.6 Examples of Some Associations/Consortiums
Table 5.1 Global Automotive Refinish Coatings Market, by Product Type, 2016-2021 ($Million)
Table 5.2 Global Automotive Refinish Coatings Market, by Product Type, 2016-2021 (Kilotons)
Table 5.3 Some of the Companies offering Basecoats based Automotive Refinish Coating Products
Table 5.4 Some of the Companies Offering Clearcoats based Automotive Refinish Coating Products
Table 5.5 Some of the Companies Offering Primers & Fillers based Automotive Refinish Coating Products
Table 5.6 Some of the Companies Offering E-Coats, Surfacers, and Putty based Automotive Refinish Coating Products
Table 6.1 Global Automotive Refinish Coatings Market, by Resin Type, 2016-2021 ($Million)
Table 6.2 Global Automotive Refinish Coatings Market, by Resin Type, 2016-2021 (Kilotons)
Table 6.3 Some of the Companies offering Polyurethane Resin based Automotive Refinish Coatings
Table 6.4 Some of the Companies offering Acrylic based Automotive Refinish Coatings
Table 6.5 Some Companies offering Alkyd based Automotive Refinish Coatings
Table 6.6 Some Companies offering Epoxy based Automotive Refinish Coatings
Table 6.7 Some of the Companies offering Other Resin based Automotive Refinish Coatings
Table 7.1 Global Automotive Refinish Coatings Market, by Technology, 2016-2021 ($Million)
Table 7.2 Global Automotive Refinish Coatings Market, by Technology, 2016-2021 (Kilotons)
Table 7.3 Recent Developments by Axalta Coating Systems in Water-Borne Technology based Refinish Coatings (2015-2017)
Table 7.4 Properties of Solvent-Borne Technology based Automotive Refinish Coatings
Table 7.5 Some of the Companies providing Solvent-Borne Technology based Automotive Refinish Coatings
Table 7.6 Some Key Developments in the field of UV Cured Technology based Automotive Refinish Coatings
Table 8.1 Global Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Table 8.2 Global Automotive Refinish Coatings Market, by Auto Type, 2016-2021 (Kilotons)
Table 9.1 Global Automotive Refinish Coatings Market, by Vehicle Age, 2016-2021($Million)
Table 9.2 Global Automotive Refinish Coatings Market, by Vehicle Age, 2016-2021 (Kilotons)
Table 10.1 Global Automotive Refinish Coatings Market, by Region, 2016-2021 ($Million)
Table 10.2 Global Automotive Refinish Coatings Market, by Region, 2016-2021 (Kilotons)
Table 10.3 North America Automotive Refinish Coatings Market, by Technology, 2016-2021 ($Million)
Table 10.4 North America Automotive Refinish Coatings Market, by Technology Type, 2016-2021 (Kilotons)
Table 10.5 North America Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Table 10.6 North America Automotive Refinish Coatings Market, by Auto Type, 2016-2021 (Kilotons)
Table 10.7 North American Automotive Refinish Coatings Market, by Country, 2016-2021 ($Million)
Table 10.8 North American Automotive Refinish Coatings Market, by Country, 2016-2021 (Kilotons)
Table 10.9 Europe Automotive Refinish Coatings Market, by Technology Type, 2016-2021 ($Million)
Table 10.10 Europe Automotive Refinish Coatings Market, by Technology, 2016-2021 (Kilotons)
Table 10.11 Europe Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Table 10.12 Europe Automotive Refinish Coatings Market, by Auto Type, 2016-2021 (Kilotons)
Table 10.13 Europe Automotive Refinish Coatings Market, by Country, 2016-2021 ($Million)
Table 10.14 Europe Automotive Refinish Coatings Market, by Country, 2016-2021 (Kilotons)
Table 10.15 Asia Pacific Automotive Refinish Coatings Market, by Technology, 2016-2021 ($Million)
Table 10.16 Asia Pacific Automotive Refinish Coatings Market, by Technology, 2016-2021 (Kilotons)
Table 10.17 Asia Pacific Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Table 10.18 Asia Pacific Automotive Refinish Coatings Market, by Auto Type, 2016-2021 (Kilotons)
Table 10.19 Asia Pacific Automotive Refinish Coatings Market, by Country, 2016-2021 ($Million)
Table 10.20 Asia Pacific Automotive Refinish Coatings Market, by Country, 2016-2021 (Kilotons)
Table 10.21 RoW Automotive Refinish Coatings Market, by Technology, 2016-2021 ($Million)
Table 10.22 RoW Automotive Refinish Coatings Market, by Technology Type, 2016-2021 (Kilotons)
Table 10.23 RoW Automotive Refinish Coatings Market, by Auto Type, 2016-2021($Million)
Table 10.24 RoW Automotive Refinish Coatings Market, by Auto Type, 2016-2021 (Kilotons)
Table 10.25 RoW Automotive Refinish Coatings Market, by Country, 2016-2021, ($Million)
Table 10.26 RoW Automotive Refinish Coatings Market, by Country, 2016-2021 (Kilotons)
Table 11.1 AkzoNobel N.V.: Product Portfolio
Table 11.2 Axalta Coating Systems Ltd.: Product Portfolio
Table 11.3 BASF SE: Product Portfolio
Table 11.4 Covestro AG: Product Portfolio
Table 11.5 Esdee Paints Ltd.: Product Portfolio
Table 11.6 Kansai Paint Co. Ltd.: Product Portfolio
Table 11.7 KAPCI Coating: Product Portfolio
Table 11.8 KCC Corporation: Product Portfolio
Table 11.9 The Lubrizol Corporation: Product Portfolio
Table 11.10 NOROO Paint & Coating Co. Ltd.: Product Portfolio
Table 11.11 Nippon Paint Holdings Co. Ltd.: Product Portfolio
Table 11.12 PPG Industries Inc.: Product Portfolio
Table 11.13 The Sherwin-Williams Company: Product Portfolio
Table 11.14 S.Coat Co. Ltd.: Product Portfolio
List of Figures
Figure 1 Global Automotive Refinish Coatings Market Snapshot, 2016 and 2021 ($Million and Kilotons)
Figure 2 Global Automotive Refinish Coatings Market, by Product Type, 2016 and 2021 ($Million)
Figure 3 Global Automotive Refinish Coatings Market, by Resin Type, 2016 and 2021 (Kilotons)
Figure 4 Global Automotive Refinish Coatings Market, by Technology, 2016 and 2021 ($Million)
Figure 5 Global Automotive Refinish Coatings, by Auto Type, 2016 and 2021 ($Million)
Figure 6 Global Automotive Refinish Coatings Market, by Vehicle Age, 2016 and 2021 ($Million)
Figure 7 Global Automotive Refinish Coatings Market, by Region, 2016 and 2021 ($Million and Kilotons)
Figure 8 Global Automotive Refinish Coatings Market, by Country, 2016 ($Million)
Figure 1.1 Global Automotive Refinish Coatings Market Scope
Figure 1.2 Report Design
Figure 1.3 Sources of Secondary Research
Figure 1.4 Data Triangulation
Figure 1.5 Top Down-Bottom-Up Approach
Figure 2.1 Impact Analysis of Market Drivers
Figure 2.2 Growth Rate of GDP in Asia-Pacific Countries, 2017 and 2018
Figure 2.3 Vehicle Crashes in the U.S., 2013-2015
Figure 2.4 Global RV Shipments, 2014 - 2016 (Units)
Figure 2.5 Average Age of Vehicles in Europe, 2016
Figure 2.6 Impact Analysis of Restraints
Figure 2.7 Impact analysis of Opportunities
Figure 3.1 Share of Key Market Strategies & Developments
Figure 3.2 Market Share Analysis of the Leading Companies in the Global Automotive Refinish Coatings Market, 2016 (%)
Figure 3.3 Market Share Analysis of the Leading Companies in the India Automotive Refinish Coatings Market, 2016 (%)
Figure 3.4 Market Share Analysis of the Leading Companies in the South Korea Automotive Refinish Coatings Market, 2016 (%)
Figure 4.1 Global Automotive Refinish Coatings Market Opportunity Matrix, by Region, 2016-2021 ($Million)
Figure 4.2 Global Automotive Refinish Coating Market Opportunity Matrix, by Country, 2016-2021 ($Million)
Figure 4.3 Country Share Analysis of Global Automotive Refinish Coatings Market, 2016
Figure 4.4 Supply Chain Analysis of Global Automotive Refinish Coatings Market
Figure 4.5 Porter’s Five Forces Analysis of the Global Automotive Refinish Coatings Market
Figure 5.1 Global Automotive Refinish Coatings Market, by Product Type
Figure 5.2 Global Automotive Refinish Coatings Market, by Product Type, 2016 & 2021 ($Million and Kilotons)
Figure 5.3 Contribution of Basecoats in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 5.4 Growth in Number of Registered Vehicles, 2005-2016
Figure 5.5 Contribution of Clearcoats in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 5.6 Rise in the Average Age of Registered Vehicles in the European Union, 2007-2015
Figure 5.7 Contribution of Primers & Fillers in the Global Automotive Refinish Coating Market, 2016-2021 ($Million and Kilotons)
Figure 5.8 Contribution of ‘Others Product’ in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 6.1 Global Automotive Refinish Coatings Market, by Resin Type
Figure 6.2 Advantages of Using Resins in Refinish Coatings
Figure 6.3 Global Automotive Refinish Coatings Market, by Resin Type, 2016 & 2021 ($Million)
Figure 6.4 Contribution of Polyurethane Resins in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 6.5 Contribution of Acrylic Resins in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 6.6 Contribution of Alkyd Resins in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 6.7 Rise in the Number of Registered Collision Repair Shops, 2013 and 2016
Figure 6.8 Contribution of Epoxy Resins in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 6.9 Contribution of Other Resins in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 7.1 Global Automotive Refinish Coatings Market, by Technology
Figure 7.2 Automotive Refinish Coatings Market, by Technology, 2016, 2017, and 2021 ($Million)
Figure 7.3 Global Automotive Refinish Coatings Market, by Technology, 2016, 2017, and 2021 (Kilotons)
Figure 7.4 Contribution of Water-Borne Technology in Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 7.5 Advantages of using Water-Borne Technology based Refinish Coatings
Figure 7.6 Contribution of Solvent-Borne Technology in Automotive Refinish Coatings Market, 2016-2021($Million and Kilotons)
Figure 7.7 Advantages of using Solvent-Borne Technology based Automotive Refinish Coatings
Figure 7.8 Contribution of UV Cured Technology in Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 8.1 Global Automotive Refinish Coatings Market, by Auto Type
Figure 8.2 Global Automotive Refinish Coatings Market, by Auto Type, 2016 and 2021 ($Million and Kilotons)
Figure 8.3 Global Production of Passenger, and Commercial Vehicles, 2014-2016 (Million Units)
Figure 8.4 Contribution of Cars in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 8.5 Contribution of Commercial Vehicles in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 8.6 Contribution of Two-Wheelers in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 8.7 Number of Two-Wheelers Sold in India, 2014-2016
Figure 8.8 Number of Two-Wheelers Sold in Philippines, 2014-2016
Figure 8.9 Market Size of Others Auto Type in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 9.1 Global Automotive Refinish Coatings Market, by Vehicle Age
Figure 9.2 Global Automotive Refinish Coatings Market, by Vehicle Age, 2016 ($Million)
Figure 9.3 Global Automotive Refinish Coatings Market, by Vehicle Age, 2016 & 2021 (Kilotons)
Figure 9.4 Contribution of Vehicle Aged <5 years in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 9.5 Contribution of Vehicles Aged 5-10 years in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 9.6 Contribution of Vehicle Aged >10 years in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.1 Global Automotive Refinish Coatings Market, by Region
Figure 10.2 Global Automotive Refinish Coatings Market Snapshot, by Region
Figure 10.3 Global Automotive Refinish Coatings Market Growth, by Country, 2016-2021 ($Million)
Figure 10.4 North America Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.5 North America Automotive Refinish Coatings Market, by Technology Type, 2016, and 2021 ($Million)
Figure 10.6 North America Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Figure 10.7 North American Automotive Refinish Coatings Market, by Country, 2016-2021 ($Million)
Figure 10.8 Number of Registered Vehicles in the U.S., 2005-2016
Figure 10.9 U.S. Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.10 Canada Automotive Refinish Coatings Market Size, 2016-2021 ($Million and Kilotons)
Figure 10.11 Number of Registered Vehicles in Canada, 2012-2016
Figure 10.12 Mexico Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.13 Number of Registered Vehicles in Mexico, 2005 - 2016
Figure 10.14 Europe Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.15 Europe Automotive Refinish Coatings Market, by Technology Type, 2016 and 2021 ($Million and Kilotons)
Figure 10.16 Europe Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Figure 10.17 Europe Automotive Refinish Coatings Market, by Country ($Million)
Figure 10.18 Number of Registered Vehicles in the U.K., 2005-2016
Figure 10.19 The U.K. Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.20 Number of Registered Vehicles in Germany, 2005-2016
Figure 10.21 Germany Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.22 Number of Registered Vehicles in France, 2005-2016
Figure 10.23 France Automotive Refinish Coating Market, 2016-2021 ($Million and Kilotons)
Figure 10.24 Number of Registered Vehicles in Italy, 2005-2016
Figure 10.25 Italy Automotive Refinish Coatings Market, 2016-2021, ($Million and Kilotons)
Figure 10.26 Number of Registered Vehicles in Russia, 2005-2016
Figure 10.27 Russia Automotive Refinish Coating Market, 2016-2021, ($Million, Kilotons)
Figure 10.28 Number of Registered Vehicles in the Netherlands, 2005-2016
Figure 10.29 The Netherlands Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.30 Sweden Automotive Refinish Coatings Market 2016-2021, ($Million and Kilotons)
Figure 10.31 Number of Registered Vehicles in Sweden, 2005-2016
Figure 10.32 Number of Registered Vehicles in Denmark, 2005-2016
Figure 10.33 Denmark Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.34 Number of Registered Vehicles in Poland, 2005-2016
Figure 10.35 Poland Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.36 Rest of Europe Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.37 Asia-Pacific Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.38 APAC Automotive Refinish Coatings Market, by Technology Type, 2016, and 2021 ($Million)
Figure 10.39 Asia Pacific Automotive Refinish Coatings Market, by Auto Type, 2016 and 2021 ($Million and Kilotons)
Figure 10.40 Asia Pacific Automotive Refinish Coatings Market, by Country ($Million and Kilotons)
Figure 10.41 Number of Registered Vehicles in China, 2005-2016
Figure 10.42 China Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.43 Number of Registered Vehicles in Japan, 2005-2016
Figure 10.44 Japan Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.45 Number of Registered Vehicles in India, 2005-2016
Figure 10.46 India Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.47 Number of Registered Vehicles in South Korea, 2005-2016
Figure 10.48 South Korea Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.49 Number of Registered Vehicles in Australia, 2005-2016
Figure 10.50 Australia & New Zealand (ANZ) Automotive Refinish Coating Market, 2016-2021, ($Millions and Kilotons)
Figure 10.51 Number of Registered Vehicles in Indonesia, 2005-2016
Figure 10.52 Indonesia Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.53 Number of Registered Vehicles in Thailand, 2005-2016
Figure 10.54 Thailand Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.55 Number of Registered Vehicles in Vietnam, 2005-2016
Figure 10.56 Vietnam Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.57 Number of Registered Vehicles in Philippines, 2005-2016
Figure 10.58 Philippines Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.59 Number of Registered Vehicles in Malaysia, 2005-2016
Figure 10.60 Malaysia Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.61 Number of Registered Vehicles in Singapore, 2005-2016
Figure 10.62 Singapore Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.63 Rest of Asia-Pacific Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.64 Rest of the World Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.65 RoW Automotive Refinish Coatings Market, by Technology, 2016-2021 ($Million and Kilotons)
Figure 10.66 RoW Automotive Refinish Coatings Market, by Auto, 2016-2021 ($Million, Kilotons)
Figure 10.67 RoW Automotive Refinish Coatings Market, by Country, 2016, 2017, and 2021 ($Million)
Figure 10.68 Number of Registered Vehicles in Brazil, 2005-2016
Figure 10.69 Brazil Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.70 Number of Registered Vehicles in Argentina, 2005-2016
Figure 10.71 Argentina Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.72 Number of Registered Vehicles in Saudi Arabia, 2005-2016
Figure 10.73 Saudi Arabia Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.74 Number of Registered Vehicles in South Africa, 2005-2016
Figure 10.75 South Africa Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.76 Others Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 11.1 AkzoNobel N.V.: Overall Financials, 2014-2016
Figure 11.2 AkzoNobel N.V.: Geographic Revenue Mix, 2014-2016
Figure 11.3 AkzoNobel N.V.: Business Revenue Mix, 2014-2016
Figure 11.4 AkzoNobel N.V.: SWOT Analysis
Figure 11.5 Axalta Coating Systems Coating Ltd.: Overall Financials, 2014-2016
Figure 11.6 Axalta Coating Systems Ltd.: Regional Revenue Mix, 2014-2016
Figure 11.7 Axalta Coating Systems Ltd.: Business Revenue Mix, 2014-2016
Figure 11.8 Axalta Coating Systems Ltd.: SWOT Analysis
Figure 11.9 BASF SE: Overall Financials, 2014-2016
Figure 11.10 BASF SE: Regional Revenue Mix, 2014-2016
Figure 11.11 BASF SE: Business Revenue Mix, 2014-2016
Figure 11.12 BASF SE: Functional Materials & Solutions Segment Revenue, by Product Type, 2016 (%)
Figure 11.13 BASF SE: Coating Sales, by Region, 2016 (%)
Figure 11.14 BASF SE: SWOT Analysis
Figure 11.15 Covestro AG: SWOT Analysis
Figure 11.16 Esdee Paints Ltd.: SWOT Analysis
Figure 11.17 Kansai Paint Co. Ltd.: Overall Financials, 2014-2016
Figure 11.18 Kansai Paints: SWOT Analysis
Figure 11.19 KAPCI Coating: SWOT Analysis
Figure 11.20 KCC Corporation: SWOT Analysis
Figure 11.21 The Lubrizol Corporation: SWOT Analysis
Figure 11.22 NOROO Paint & Coating Co. Ltd.: SWOT Analysis
Figure 11.23 Nippon Paint Holdings Co. Ltd.: Overall Financials, 2014-2016
Figure 11.24 Nippon Paint Holdings Co. Ltd.: Regional Revenue Mix, 2014-16
Figure 11.25 Nippon Paint Holdings Co. Ltd.: Business Revenue Mix, 2014-2016
Figure 11.26 Nippon Paint Holdings Co. Ltd.: SWOT Analysis
Figure 11.27 PPG Industries Inc.: Overall Financials, 2014-2016
Figure 11.28 PPG Industries Inc.: Regional Revenue Mix, 2014-16
Figure 11.29 PPG Industries Inc.: Business Revenue Mix, 2014-2016
Figure 11.30 PPG Industries Inc.: SWOT Analysis
Figure 11.31 The Sherwin-Williams Company: Overall Financials, 2014-2016
Figure 11.32 The Sherwin-Williams Company: Business Revenue Mix, 2014-2016
Figure 11.33 The Sherwin-Williams Company: SWOT Analysis
Figure 11.34 S.Coat Co. Ltd.: SWOT Analysis
Figure 11.35 Berger Paints: SWOT Analysis

The advent of the technological era has made the extensive usage of paints and coatings a possibility for several end-user industries including manufacturing, medical & healthcare, and especially the automotive industry. Earlier, paints and coatings were used only for decorative purposes, but over the years, the end-user industries have realized that these products can be made functional to endow the substrates with various desirable properties such as anti-corrosiveness, ultraviolet protection, and others. The conventional paints and coatings industry uses various chemicals, including the toxic hexavalent chromium, to obtain such properties. But with the rising environmental concerns, the industries are seeking more environment friendly solutions since most of these chemicals are non-biodegradable, polluting, and harmful for the environment. Refinish coatings are a perfect solution for the aforementioned problem. These coatings are more efficient when compared with the conventional coatings as they enhance the exterior appearance of the substrate, and provide increased durability to the vehicles against harsh conditions such as heat, cold, UV radiation, corrosion, collision, and grift from the roads. 

In terms of value, global automotive refinish coatings market was estimated at $7,850.0 million in 2016, and is expected to register a CAGR of 5.3% from 2016 to 2021. In terms of volume, the global automotive refinish coatings market is expected to register a CAGR of 4.5% between 2016 and 2021. 

The growth is attributed to the rising disposable income, increasing number of vehicle collisions, growing demand for recreational vehicles, and increase in the average age of vehicles, among others. However, stringent regulations for volatile organic compound (VOC) emissions, and lack of skilled professionals are some of the factors hampering the growth of the global automotive refinish coatings market. The development of environment friendly technologies, increasing number of rental car owners and used car markets, and the growing demand from the emerging economies such as China, India, Japan, and Brazil, among others, are expected to create opportunities for the growth of the global automotive refinish coatings market.

FIGURE 1
Global Automotive Refinish Coatings Market Snapshot

Global Automotive Refinish Coatings Market

Source: BIS Research Analysis, Secondary Research and Expert Views

The global automotive refinish coatings market has been divided into 4 segments on the basis of product type, namely basecoats, clearcoats, primers and fillers, and ‘others’. In 2016, clearcoats based refinish coatings dominated the global automotive refinish coatings market with a share of 40.0%, and 38.5%, by value, and volume, respectively. The major factors attributing to this robust growth are the increasing average age of vehicles, and the rising automotive collision rate. The final coating, known as clearcoat, is done on the automobile surface in order to protect the basecoat, and provide aesthetic look, durability, protection against environmental damages, and scratch resistance to the overall coating. 

On the basis of resins, the global automotive refinish coatings market is segmented into alkyd, acrylic, polyurethane, epoxy, and ‘others’. Some of the companies providing polyurethane based refinish coatings have been undertaking numerous business development strategies such as launching new and innovative products, and business expansions. For instance, in November, 2017, Covestro AG begun the production of aqueous polyurethane dispersions (PUDs) in its new production facility at Dormagen site. THE PDUs are used for variety of applications.

Various technologies such as solvent-borne, waterborne, and UV-cured are utilized by the automotive body shops and repair centres for the refinishing of automotive vehicle parts. In the global automotive refinish coatings market, the solvent-borne technology based coatings segment accounted for a share of 48.0% in 2016. This growth can be attributed to the advantageous properties of using solvent-borne technology based automotive refinish coatings such as higher gloss retention, excellent block resistance, tolerance to adverse weather conditions, and good adhesion, among others. Refinish coatings are being widely employed for various vehicles such as cars, commercial vehicles, and two wheelers, among others. Automotive refinish coatings are used on passenger vehicles to endow them with similar mechanical and optical properties as provided by the factory applied coatings. The rental car service industry is also growing at a robust rate globally, especially in the emerging economies such as Latin America, India, China, Brazil, and others. For instance, in China, the total number of rental cars in 2015 was 430,000, an increase of 7% as compared to 400,000 in 2014. The increased demand for rental car services, globally, is driving the growth of the global automotive refinish coatings market since these vehicles are mainly used cars and need proper maintenance from time to time.

The refinish coatings market for vehicles with age less than 5 years is expected to grow in all the regions. The major factor attributing to the growth of the refinish coatings market for vehicles less than 5 years of age is the rise in the disposable income across several countries, especially in the emerging economies of Asia pacific. The rise in the disposable income is driving the sales of new vehicles, thereby increasing the congestion on roads. This has led to an increase in the number of collisions which is driving the market for automotive refinish coatings.

The trends of the automotive refinish coatings market varies with different geographical regions. The automotive refinish coatings market holds a prominent share in various countries of Asia-Pacific (APAC), North America, Europe, South America, and Middle East and Africa. Asia-Pacific accounted for the largest market share of 34.5% in the global automotive refinish coatings market. This growth is attributed to the growing demand of vehicles from the Asia-Pacific countries such as India, and China. Some of the automotive refinish coating players such as BASF SE, and Axalta Coatings Systems are adopting different strategies to establish their presence in the Asia-Pacific automotive refinish coatings market. For instance, Axalta Coating Systems, in 2017, introduced water borne refinish coating “Syrox” for China’s automotive refinish coating market

The competitive landscape for the automotive refinish coatings market demonstrates an inclination towards companies adopting strategies to expand their business and focusing on research and development activities. Some of the major established players in the automotive refinish coatings market, are focusing more on business expansion & contracts to keep a strong hold on the market. Axalta Coatings Systems, PPG Industries Inc., AkzoNobel N.V., BASF SE, Sherwin Williams, KCC Paints, Covestro, Berger Paints, Kansai Paint, Nippon Paint, NOROO Paint, Lubrizol Corporation, S.Coat, and Diamond Vogel, among others are some of the prominent companies in the global automotive refinish coatings market. These companies are actively aiming at an increased number of agreements, partnerships, & collaborations, and products to expand their operations, thereby, enhancing their share in the nanocoatings market. These companies expanded their business in different countries to expand their customer base in the market.

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Coatings have become an integral part of various end-use industries, ranging from manufacturing to medical & healthcare. End-user industries have started to realise the advantages of using automotive refinish coatings over conventional paints and coatings. This combined with increased R&D activities have led to the growth of the automotive refinish coatings market. It is expected to grow at a CAGR of 5.3% and 4.5%, by value ($million) and volume (kilotons) respectively between 2016 and 2026.

The report is a compilation of the different segments of global automotive refinish coatings market, including market breakdown by product type, vehicle age, technology, resins, auto type, and regional areas. Herein the revenue generated from the product types, namely:  basecoats, clearcoat, primer & filter, and others;  resins, namely alkyd, acrylic, polyurethane, and epoxy; technology (solvent-borne, waterborne, and UV-cured); auto type (cars, two-wheelers, and commercial vehicles); vehicle age (vehicles aged less than 5 years, vehicles between 5-10 years, and vehicles more than 10 years); and regions, namely: North America, Europe, Asia-Pacific, South America, and Middle East and Africa is tracked to calculate the overall market size, both in terms of value ($million) and volume (kilotons). The report also provides market numbers and analysis on cross segments which includes country by end-user industries. While highlighting the key driving and restraining forces for this market, the report also provides a detailed  summary of the global automotive refinish coatings market. It also includes the key participants involved in the industry at the relevant sections. 

The report answers the following questions about the global automotive refinish coatings market:

•    What is the size, in terms of value ($million) and volume (kilotons) of automotive refinish coatings market in 2016, and growth rate during the forecast period, 2017-2021?
•    What is the market size of different product types of automotive refinish coatings ($Million and Kilotons) and their growth rate during the forecast period, 2017-2021?
•    How will different technologies of automotive refinish coatings market grow during the forecast period and what will be the market size ($Million and Kilotons) of each of the end-user industry by the end of 2021?
•    What is the market size for different regions and countries in terms of value and volume ($Million and Kilotons) in the automotive refinish coatings market and their growth across the forecast period, 2017 to 2021?
•    What is the market share of different types of automotive refinish coatings on basis of auto type and their growth rate during the forecast period, 2016-2021?
•    What is the market share of automotive refinish coatings on basis of vehicle age and their growth rate during the forecast period, 2016-2021?
•    What are the major driving forces that tend to increase the demand for automotive refinish coatings market during the forecast period?
•    What are the major challenges inhibiting the growth of the global automotive refinish coatings market?
•    What is the competitive strength of key players in the global automotive refinish coatings market by analysing through market share analysis?
•    What are the key market players in the automotive refinish coatings market, along with their detailed analysis & profiles (including their financials, company snapshots, key products & services, and SWOT analysis)?

The report further includes a thorough analysis of the impact of the Porter’s five major forces to understand the overall attractiveness of the industry. The most commonly used strategy for developing a better hold on the market has been through business expansions. Moreover, the company profile section  highlights  significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years. 

Further, the report includes an exhaustive analysis of the regional split into North America, Europe, Asia-Pacific (APAC), South America, and Middle East and Africa. Each region details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global automotive refinish coatings market are include Axalta Coatings Systems, PPG Industries Inc., AkzoNobel N.V., BASF SE, Sherwin Williams, KCC Paints, Covestro, Berger Paints, Kansai Paint, Nippon Paint, NOROO Paint, Lubrizol Corporation, S.Coat, and Diamond Vogel, among others.

TABLE OF CONTENT
Executive Summary
1 Report Scope & Methodology
1.1 Report Scope
1.2 Global Automotive Refinish Coatings Market Research Methodology
1.2.1 Assumptions & Limitations
1.2.2 Primary Research
1.2.3 Secondary Research
1.2.4 Data Triangulation
1.2.5 Data Analysing and Market Estimation
2 Market Dynamics
2.1 Market Drivers
2.1.1 Rising Disposable Income
2.1.2 Increase in the Number of Vehicle Collisions
2.1.3 Growing Demand for Recreational Vehicles
2.1.4 Increasing Average Age of Vehicles
2.2 Market Restraints
2.2.1 Stringent Regulations for Volatile Organic Compound (VOC) Emissions
2.2.2 Lack of Skilled Professionals
2.3 Opportunities
2.3.1 Development of Water-Borne and UV-Cured Technologies
2.3.2 Growth in Rental Car Owners and Used Car Markets
2.3.3 Growing Demand from the Emerging Economies
3 Competitive Landscape
3.1 Key Market Developments and Strategies
3.1.1 Business Expansion & Contracts
3.1.2 Product Launches & Development
3.1.3 Partnerships, Collaborations, and Joint Ventures
3.1.4 Mergers & Acquisitions
3.1.5 Others (Awards & Recognitions)
3.2 Market Share Analysis
3.2.1 Market Share Analysis of the Global Automotive Refinish Coatings Market
3.2.2 Market Share Analysis of India Automotive Refinish Coatings Market
3.2.3 Market Share Analysis of South Korea Automotive Refinish Coatings Market
3.2.4 Ranking Analysis of Japan Automotive Refinish Coatings Market
4 Industry Analysis
4.1 Opportunity Matrix
4.2 Country Share Analysis
4.3 Supply Chain Analysis
4.4 Industry Attractiveness
4.5 Associations, Consortiums, and Alliances
5 Global Automotive Refinish Coatings Market, by Product Type, by Value ($Million) and by Volume (Kilotons)
5.1 Assumptions and Limitations for Analysis and Forecast of the Global Automotive Refinish Coatings Market
5.2 Market Overview
5.3 Basecoats
5.4 Clearcoats
5.5 Primer & Filler
5.6 Others
6 Global Automotive Refinish Coatings Market, by Resin Type, by Value ($Million) and by Volume (Kilotons)
6.1 Market Overview
6.2 Polyurethane
6.3 Acrylic
6.4 Alkyd
6.5 Epoxy
6.6 Others
7 Global Automotive Refinish Coatings Market, by Technology, by Value ($Million) and by Volume (Kilotons)
7.1 Water-Borne
7.2 Solvent-Borne
7.3 Ultra-Violet (UV) Cured
8 Global Automotive Refinish Coatings Market, by Auto Type, by Value ($Million) and by Volume (Kilotons)
8.1 Cars
8.2 Commercial Vehicles
8.3 Two-Wheelers
8.4 Others Auto Type
9 Global Automotive Refinish Coatings Market, by Vehicle Age, by Value ($Million) and by Volume (Kilotons)
9.1 Market Overview
9.2 <5 years
9.3 5-10 years
9.4 >10 years
10 Global Automotive Refinish Coatings Market, by Region, by Value ($Million) and by Volume (Kilotons)
10.1 Market Overview
10.2 North America
10.2.1 North America Automotive Refinish Coatings Market, by Technology
10.2.2 North America Automotive Refinish Coatings Market, by Auto Type
10.2.3 North America Automotive Refinish Coatings Market, by Country
10.2.3.1 The U.S.
10.2.3.2 Canada
10.2.3.3 Mexico
10.3 Europe
10.3.1 Europe Automotive Refinish Coatings Market, by Technology Type
10.3.2 Europe Automotive Refinish Coatings Market, by Auto Type
10.3.3 Europe Automotive Refinish Coatings Market, by Country
10.3.3.1 The U.K.
10.3.3.2 Germany
10.3.3.3 France
10.3.3.4 Italy
10.3.3.5 Russia
10.3.3.6 The Netherlands
10.3.3.7 Sweden
10.3.3.8 Denmark
10.3.3.9 Poland
10.3.3.10 Rest of Europe
10.4 Asia-Pacific
10.4.1 APAC Automotive Refinish Coatings Market, by Technology
10.4.2 APAC Automotive Refinish Coatings Market, by Auto Type
10.4.3 APAC Automotive Refinish Coatings Market, by Country
10.4.3.1 China
10.4.3.2 Japan
10.4.3.3 India
10.4.3.4 South Korea
10.4.3.5 Australia & New Zealand (ANZ)
10.4.3.6 Indonesia
10.4.3.7 Thailand
10.4.3.8 Vietnam
10.4.3.9 Philippines
10.4.3.10 Malaysia
10.4.3.11 Singapore
10.4.3.12 Rest of Asia-Pacific
10.5 Rest of the World (RoW)
10.5.1 Row Automotive Refinish Coatings Market, by Technology
10.5.2 RoW Automotive Refinish Coatings Market, by Auto Type
10.5.3 RoW Automotive Refinish Coatings Market, by Country
10.5.3.1 Brazil
10.5.3.2 Argentina
10.5.3.3 Saudi Arabia
10.5.3.4 South Africa
10.5.3.5 Others
11 Company Profiles
11.1 AkzoNobel N.V.
11.1.1 Company Overview
11.1.2 Product Portfolio
11.1.3 Financials
11.1.3.1 Financial Summary
11.1.4 SWOT Analysis
11.2 Axalta Coating Systems Ltd.
11.2.1 Company Overview
11.2.2 Product Portfolio
11.2.3 Financials
11.2.3.1 Financial Summary
11.2.4 SWOT Analysis
11.3 BASF SE
11.3.1 Company Overview
11.3.2 Product Portfolio
11.3.3 Financials
11.3.3.1 Financial Summary
11.3.4 SWOT Analysis
11.4 Covestro AG
11.4.1 Company Overview
11.4.2 Product Portfolio
11.4.3 Corporate Summary
11.4.4 SWOT Analysis
11.5 Esdee Paint Ltd.
11.5.1 Company Overview
11.5.2 Product Portfolio
11.5.3 Corporate Summary
11.5.4 SWOT Analysis
11.6 Kansai Paints Co. Ltd.
11.6.1 Company Overview
11.6.2 Product Portfolio
11.6.3 Financials
11.6.3.1 Financial Summary
11.6.4 SWOT Analysis
11.7 KAPCI Coating Co. Ltd.
11.7.1 Company Overview
11.7.2 Product Portfolio
11.7.3 Corporate Summary
11.7.4 SWOT Analysis
11.8 KCC Corporation
11.8.1 Company Overview
11.8.2 Product Portfolio
11.8.3 Corporate Summary
11.8.4 SWOT Analysis
11.9 The Lubrizol Corporation
11.9.1 Company Overview
11.9.2 Product Portfolio
11.9.3 Corporate Summary
11.9.4 SWOT Analysis
11.10 NOROO Paint & Coatings Co. Ltd.
11.10.1 Company Overview
11.10.2 Product Portfolio
11.10.3 Corporate Summary
11.10.4 SWOT Analysis
11.11 Nippon Paint Holding Co. Ltd.
11.11.1 Company Overview
11.11.2 Product Portfolio
11.11.3 Financials
11.11.3.1 Financial Summary
11.11.4 SWOT Analysis
11.12 PPG Industries Inc.
11.12.1 Company Overview
11.12.2 Product Portfolio
11.12.3 Financials
11.12.3.1 Financial Summary
11.12.4 SWOT Analysis
11.13 The Sherwin-Williams Company
11.13.1 Company Overview
11.13.2 Product Portfolio
11.13.3 Financials
11.13.3.1 Financial Summary
11.13.4 SWOT Analysis
11.14 S.Coat Co., Ltd.
11.14.1 Company Overview
11.14.2 Product Portfolio
11.14.3 Corporate Summary
11.14.4 SWOT Analysis
11.15 Berger Paints India Ltd.
11.15.1 Company Overview
11.15.2 SWOT Analysis
List of Tables
Table 1  Market Snapshot: Global Automotive Refinish Coatings Market, 2016 and 2021 ($Million)
Table 3.1 Key Business Expansion & Contracts, 2014 - 2017
Table 3.2 Key Product Launches & Developments, 2014-2017
Table 3.3 Key Partnerships, Collaborations, and Joint Ventures, 2014 - 2017
Table 3.4 Key Mergers & Acquisitions (2014-2017)
Table 3.5 Other Developments, 2016 - 2017
Table 3.6 Ranking Analysis of the Leading Players in the Japan Automotive Refinish Coatings Market, 2016
Table 3.7 Some of the Companies Offering Automotive Refinish Coatings in Japan
Table 4.1 Analyzing the Threat of New Entrants
Table 4.2 Analyzing the Bargaining Power of Buyers
Table 4.3 Analyzing the Bargaining Power of Suppliers
Table 4.4 Analyzing the Threat from Substitutes
Table 4.5 Analyzing the Intensity of Competitive Rivalry
Table 4.6 Examples of Some Associations/Consortiums
Table 5.1 Global Automotive Refinish Coatings Market, by Product Type, 2016-2021 ($Million)
Table 5.2 Global Automotive Refinish Coatings Market, by Product Type, 2016-2021 (Kilotons)
Table 5.3 Some of the Companies offering Basecoats based Automotive Refinish Coating Products
Table 5.4 Some of the Companies Offering Clearcoats based Automotive Refinish Coating Products
Table 5.5 Some of the Companies Offering Primers & Fillers based Automotive Refinish Coating Products
Table 5.6 Some of the Companies Offering E-Coats, Surfacers, and Putty based Automotive Refinish Coating Products
Table 6.1 Global Automotive Refinish Coatings Market, by Resin Type, 2016-2021 ($Million)
Table 6.2 Global Automotive Refinish Coatings Market, by Resin Type, 2016-2021 (Kilotons)
Table 6.3 Some of the Companies offering Polyurethane Resin based Automotive Refinish Coatings
Table 6.4 Some of the Companies offering Acrylic based Automotive Refinish Coatings
Table 6.5 Some Companies offering Alkyd based Automotive Refinish Coatings
Table 6.6 Some Companies offering Epoxy based Automotive Refinish Coatings
Table 6.7 Some of the Companies offering Other Resin based Automotive Refinish Coatings
Table 7.1 Global Automotive Refinish Coatings Market, by Technology, 2016-2021 ($Million)
Table 7.2 Global Automotive Refinish Coatings Market, by Technology, 2016-2021 (Kilotons)
Table 7.3 Recent Developments by Axalta Coating Systems in Water-Borne Technology based Refinish Coatings (2015-2017)
Table 7.4 Properties of Solvent-Borne Technology based Automotive Refinish Coatings
Table 7.5 Some of the Companies providing Solvent-Borne Technology based Automotive Refinish Coatings
Table 7.6 Some Key Developments in the field of UV Cured Technology based Automotive Refinish Coatings
Table 8.1 Global Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Table 8.2 Global Automotive Refinish Coatings Market, by Auto Type, 2016-2021 (Kilotons)
Table 9.1 Global Automotive Refinish Coatings Market, by Vehicle Age, 2016-2021($Million)
Table 9.2 Global Automotive Refinish Coatings Market, by Vehicle Age, 2016-2021 (Kilotons)
Table 10.1 Global Automotive Refinish Coatings Market, by Region, 2016-2021 ($Million)
Table 10.2 Global Automotive Refinish Coatings Market, by Region, 2016-2021 (Kilotons)
Table 10.3 North America Automotive Refinish Coatings Market, by Technology, 2016-2021 ($Million)
Table 10.4 North America Automotive Refinish Coatings Market, by Technology Type, 2016-2021 (Kilotons)
Table 10.5 North America Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Table 10.6 North America Automotive Refinish Coatings Market, by Auto Type, 2016-2021 (Kilotons)
Table 10.7 North American Automotive Refinish Coatings Market, by Country, 2016-2021 ($Million)
Table 10.8 North American Automotive Refinish Coatings Market, by Country, 2016-2021 (Kilotons)
Table 10.9 Europe Automotive Refinish Coatings Market, by Technology Type, 2016-2021 ($Million)
Table 10.10 Europe Automotive Refinish Coatings Market, by Technology, 2016-2021 (Kilotons)
Table 10.11 Europe Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Table 10.12 Europe Automotive Refinish Coatings Market, by Auto Type, 2016-2021 (Kilotons)
Table 10.13 Europe Automotive Refinish Coatings Market, by Country, 2016-2021 ($Million)
Table 10.14 Europe Automotive Refinish Coatings Market, by Country, 2016-2021 (Kilotons)
Table 10.15 Asia Pacific Automotive Refinish Coatings Market, by Technology, 2016-2021 ($Million)
Table 10.16 Asia Pacific Automotive Refinish Coatings Market, by Technology, 2016-2021 (Kilotons)
Table 10.17 Asia Pacific Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Table 10.18 Asia Pacific Automotive Refinish Coatings Market, by Auto Type, 2016-2021 (Kilotons)
Table 10.19 Asia Pacific Automotive Refinish Coatings Market, by Country, 2016-2021 ($Million)
Table 10.20 Asia Pacific Automotive Refinish Coatings Market, by Country, 2016-2021 (Kilotons)
Table 10.21 RoW Automotive Refinish Coatings Market, by Technology, 2016-2021 ($Million)
Table 10.22 RoW Automotive Refinish Coatings Market, by Technology Type, 2016-2021 (Kilotons)
Table 10.23 RoW Automotive Refinish Coatings Market, by Auto Type, 2016-2021($Million)
Table 10.24 RoW Automotive Refinish Coatings Market, by Auto Type, 2016-2021 (Kilotons)
Table 10.25 RoW Automotive Refinish Coatings Market, by Country, 2016-2021, ($Million)
Table 10.26 RoW Automotive Refinish Coatings Market, by Country, 2016-2021 (Kilotons)
Table 11.1 AkzoNobel N.V.: Product Portfolio
Table 11.2 Axalta Coating Systems Ltd.: Product Portfolio
Table 11.3 BASF SE: Product Portfolio
Table 11.4 Covestro AG: Product Portfolio
Table 11.5 Esdee Paints Ltd.: Product Portfolio
Table 11.6 Kansai Paint Co. Ltd.: Product Portfolio
Table 11.7 KAPCI Coating: Product Portfolio
Table 11.8 KCC Corporation: Product Portfolio
Table 11.9 The Lubrizol Corporation: Product Portfolio
Table 11.10 NOROO Paint & Coating Co. Ltd.: Product Portfolio
Table 11.11 Nippon Paint Holdings Co. Ltd.: Product Portfolio
Table 11.12 PPG Industries Inc.: Product Portfolio
Table 11.13 The Sherwin-Williams Company: Product Portfolio
Table 11.14 S.Coat Co. Ltd.: Product Portfolio
List of Figures
Figure 1 Global Automotive Refinish Coatings Market Snapshot, 2016 and 2021 ($Million and Kilotons)
Figure 2 Global Automotive Refinish Coatings Market, by Product Type, 2016 and 2021 ($Million)
Figure 3 Global Automotive Refinish Coatings Market, by Resin Type, 2016 and 2021 (Kilotons)
Figure 4 Global Automotive Refinish Coatings Market, by Technology, 2016 and 2021 ($Million)
Figure 5 Global Automotive Refinish Coatings, by Auto Type, 2016 and 2021 ($Million)
Figure 6 Global Automotive Refinish Coatings Market, by Vehicle Age, 2016 and 2021 ($Million)
Figure 7 Global Automotive Refinish Coatings Market, by Region, 2016 and 2021 ($Million and Kilotons)
Figure 8 Global Automotive Refinish Coatings Market, by Country, 2016 ($Million)
Figure 1.1 Global Automotive Refinish Coatings Market Scope
Figure 1.2 Report Design
Figure 1.3 Sources of Secondary Research
Figure 1.4 Data Triangulation
Figure 1.5 Top Down-Bottom-Up Approach
Figure 2.1 Impact Analysis of Market Drivers
Figure 2.2 Growth Rate of GDP in Asia-Pacific Countries, 2017 and 2018
Figure 2.3 Vehicle Crashes in the U.S., 2013-2015
Figure 2.4 Global RV Shipments, 2014 - 2016 (Units)
Figure 2.5 Average Age of Vehicles in Europe, 2016
Figure 2.6 Impact Analysis of Restraints
Figure 2.7 Impact analysis of Opportunities
Figure 3.1 Share of Key Market Strategies & Developments
Figure 3.2 Market Share Analysis of the Leading Companies in the Global Automotive Refinish Coatings Market, 2016 (%)
Figure 3.3 Market Share Analysis of the Leading Companies in the India Automotive Refinish Coatings Market, 2016 (%)
Figure 3.4 Market Share Analysis of the Leading Companies in the South Korea Automotive Refinish Coatings Market, 2016 (%)
Figure 4.1 Global Automotive Refinish Coatings Market Opportunity Matrix, by Region, 2016-2021 ($Million)
Figure 4.2 Global Automotive Refinish Coating Market Opportunity Matrix, by Country, 2016-2021 ($Million)
Figure 4.3 Country Share Analysis of Global Automotive Refinish Coatings Market, 2016
Figure 4.4 Supply Chain Analysis of Global Automotive Refinish Coatings Market
Figure 4.5 Porter’s Five Forces Analysis of the Global Automotive Refinish Coatings Market
Figure 5.1 Global Automotive Refinish Coatings Market, by Product Type
Figure 5.2 Global Automotive Refinish Coatings Market, by Product Type, 2016 & 2021 ($Million and Kilotons)
Figure 5.3 Contribution of Basecoats in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 5.4 Growth in Number of Registered Vehicles, 2005-2016
Figure 5.5 Contribution of Clearcoats in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 5.6 Rise in the Average Age of Registered Vehicles in the European Union, 2007-2015
Figure 5.7 Contribution of Primers & Fillers in the Global Automotive Refinish Coating Market, 2016-2021 ($Million and Kilotons)
Figure 5.8 Contribution of ‘Others Product’ in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 6.1 Global Automotive Refinish Coatings Market, by Resin Type
Figure 6.2 Advantages of Using Resins in Refinish Coatings
Figure 6.3 Global Automotive Refinish Coatings Market, by Resin Type, 2016 & 2021 ($Million)
Figure 6.4 Contribution of Polyurethane Resins in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 6.5 Contribution of Acrylic Resins in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 6.6 Contribution of Alkyd Resins in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 6.7 Rise in the Number of Registered Collision Repair Shops, 2013 and 2016
Figure 6.8 Contribution of Epoxy Resins in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 6.9 Contribution of Other Resins in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 7.1 Global Automotive Refinish Coatings Market, by Technology
Figure 7.2 Automotive Refinish Coatings Market, by Technology, 2016, 2017, and 2021 ($Million)
Figure 7.3 Global Automotive Refinish Coatings Market, by Technology, 2016, 2017, and 2021 (Kilotons)
Figure 7.4 Contribution of Water-Borne Technology in Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 7.5 Advantages of using Water-Borne Technology based Refinish Coatings
Figure 7.6 Contribution of Solvent-Borne Technology in Automotive Refinish Coatings Market, 2016-2021($Million and Kilotons)
Figure 7.7 Advantages of using Solvent-Borne Technology based Automotive Refinish Coatings
Figure 7.8 Contribution of UV Cured Technology in Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 8.1 Global Automotive Refinish Coatings Market, by Auto Type
Figure 8.2 Global Automotive Refinish Coatings Market, by Auto Type, 2016 and 2021 ($Million and Kilotons)
Figure 8.3 Global Production of Passenger, and Commercial Vehicles, 2014-2016 (Million Units)
Figure 8.4 Contribution of Cars in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 8.5 Contribution of Commercial Vehicles in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 8.6 Contribution of Two-Wheelers in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 8.7 Number of Two-Wheelers Sold in India, 2014-2016
Figure 8.8 Number of Two-Wheelers Sold in Philippines, 2014-2016
Figure 8.9 Market Size of Others Auto Type in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 9.1 Global Automotive Refinish Coatings Market, by Vehicle Age
Figure 9.2 Global Automotive Refinish Coatings Market, by Vehicle Age, 2016 ($Million)
Figure 9.3 Global Automotive Refinish Coatings Market, by Vehicle Age, 2016 & 2021 (Kilotons)
Figure 9.4 Contribution of Vehicle Aged <5 years in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 9.5 Contribution of Vehicles Aged 5-10 years in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 9.6 Contribution of Vehicle Aged >10 years in the Global Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.1 Global Automotive Refinish Coatings Market, by Region
Figure 10.2 Global Automotive Refinish Coatings Market Snapshot, by Region
Figure 10.3 Global Automotive Refinish Coatings Market Growth, by Country, 2016-2021 ($Million)
Figure 10.4 North America Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.5 North America Automotive Refinish Coatings Market, by Technology Type, 2016, and 2021 ($Million)
Figure 10.6 North America Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Figure 10.7 North American Automotive Refinish Coatings Market, by Country, 2016-2021 ($Million)
Figure 10.8 Number of Registered Vehicles in the U.S., 2005-2016
Figure 10.9 U.S. Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.10 Canada Automotive Refinish Coatings Market Size, 2016-2021 ($Million and Kilotons)
Figure 10.11 Number of Registered Vehicles in Canada, 2012-2016
Figure 10.12 Mexico Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.13 Number of Registered Vehicles in Mexico, 2005 - 2016
Figure 10.14 Europe Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.15 Europe Automotive Refinish Coatings Market, by Technology Type, 2016 and 2021 ($Million and Kilotons)
Figure 10.16 Europe Automotive Refinish Coatings Market, by Auto Type, 2016-2021 ($Million)
Figure 10.17 Europe Automotive Refinish Coatings Market, by Country ($Million)
Figure 10.18 Number of Registered Vehicles in the U.K., 2005-2016
Figure 10.19 The U.K. Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.20 Number of Registered Vehicles in Germany, 2005-2016
Figure 10.21 Germany Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.22 Number of Registered Vehicles in France, 2005-2016
Figure 10.23 France Automotive Refinish Coating Market, 2016-2021 ($Million and Kilotons)
Figure 10.24 Number of Registered Vehicles in Italy, 2005-2016
Figure 10.25 Italy Automotive Refinish Coatings Market, 2016-2021, ($Million and Kilotons)
Figure 10.26 Number of Registered Vehicles in Russia, 2005-2016
Figure 10.27 Russia Automotive Refinish Coating Market, 2016-2021, ($Million, Kilotons)
Figure 10.28 Number of Registered Vehicles in the Netherlands, 2005-2016
Figure 10.29 The Netherlands Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.30 Sweden Automotive Refinish Coatings Market 2016-2021, ($Million and Kilotons)
Figure 10.31 Number of Registered Vehicles in Sweden, 2005-2016
Figure 10.32 Number of Registered Vehicles in Denmark, 2005-2016
Figure 10.33 Denmark Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.34 Number of Registered Vehicles in Poland, 2005-2016
Figure 10.35 Poland Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.36 Rest of Europe Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.37 Asia-Pacific Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.38 APAC Automotive Refinish Coatings Market, by Technology Type, 2016, and 2021 ($Million)
Figure 10.39 Asia Pacific Automotive Refinish Coatings Market, by Auto Type, 2016 and 2021 ($Million and Kilotons)
Figure 10.40 Asia Pacific Automotive Refinish Coatings Market, by Country ($Million and Kilotons)
Figure 10.41 Number of Registered Vehicles in China, 2005-2016
Figure 10.42 China Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.43 Number of Registered Vehicles in Japan, 2005-2016
Figure 10.44 Japan Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.45 Number of Registered Vehicles in India, 2005-2016
Figure 10.46 India Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.47 Number of Registered Vehicles in South Korea, 2005-2016
Figure 10.48 South Korea Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.49 Number of Registered Vehicles in Australia, 2005-2016
Figure 10.50 Australia & New Zealand (ANZ) Automotive Refinish Coating Market, 2016-2021, ($Millions and Kilotons)
Figure 10.51 Number of Registered Vehicles in Indonesia, 2005-2016
Figure 10.52 Indonesia Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.53 Number of Registered Vehicles in Thailand, 2005-2016
Figure 10.54 Thailand Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.55 Number of Registered Vehicles in Vietnam, 2005-2016
Figure 10.56 Vietnam Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.57 Number of Registered Vehicles in Philippines, 2005-2016
Figure 10.58 Philippines Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.59 Number of Registered Vehicles in Malaysia, 2005-2016
Figure 10.60 Malaysia Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.61 Number of Registered Vehicles in Singapore, 2005-2016
Figure 10.62 Singapore Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.63 Rest of Asia-Pacific Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.64 Rest of the World Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.65 RoW Automotive Refinish Coatings Market, by Technology, 2016-2021 ($Million and Kilotons)
Figure 10.66 RoW Automotive Refinish Coatings Market, by Auto, 2016-2021 ($Million, Kilotons)
Figure 10.67 RoW Automotive Refinish Coatings Market, by Country, 2016, 2017, and 2021 ($Million)
Figure 10.68 Number of Registered Vehicles in Brazil, 2005-2016
Figure 10.69 Brazil Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.70 Number of Registered Vehicles in Argentina, 2005-2016
Figure 10.71 Argentina Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.72 Number of Registered Vehicles in Saudi Arabia, 2005-2016
Figure 10.73 Saudi Arabia Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.74 Number of Registered Vehicles in South Africa, 2005-2016
Figure 10.75 South Africa Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 10.76 Others Automotive Refinish Coatings Market, 2016-2021 ($Million and Kilotons)
Figure 11.1 AkzoNobel N.V.: Overall Financials, 2014-2016
Figure 11.2 AkzoNobel N.V.: Geographic Revenue Mix, 2014-2016
Figure 11.3 AkzoNobel N.V.: Business Revenue Mix, 2014-2016
Figure 11.4 AkzoNobel N.V.: SWOT Analysis
Figure 11.5 Axalta Coating Systems Coating Ltd.: Overall Financials, 2014-2016
Figure 11.6 Axalta Coating Systems Ltd.: Regional Revenue Mix, 2014-2016
Figure 11.7 Axalta Coating Systems Ltd.: Business Revenue Mix, 2014-2016
Figure 11.8 Axalta Coating Systems Ltd.: SWOT Analysis
Figure 11.9 BASF SE: Overall Financials, 2014-2016
Figure 11.10 BASF SE: Regional Revenue Mix, 2014-2016
Figure 11.11 BASF SE: Business Revenue Mix, 2014-2016
Figure 11.12 BASF SE: Functional Materials & Solutions Segment Revenue, by Product Type, 2016 (%)
Figure 11.13 BASF SE: Coating Sales, by Region, 2016 (%)
Figure 11.14 BASF SE: SWOT Analysis
Figure 11.15 Covestro AG: SWOT Analysis
Figure 11.16 Esdee Paints Ltd.: SWOT Analysis
Figure 11.17 Kansai Paint Co. Ltd.: Overall Financials, 2014-2016
Figure 11.18 Kansai Paints: SWOT Analysis
Figure 11.19 KAPCI Coating: SWOT Analysis
Figure 11.20 KCC Corporation: SWOT Analysis
Figure 11.21 The Lubrizol Corporation: SWOT Analysis
Figure 11.22 NOROO Paint & Coating Co. Ltd.: SWOT Analysis
Figure 11.23 Nippon Paint Holdings Co. Ltd.: Overall Financials, 2014-2016
Figure 11.24 Nippon Paint Holdings Co. Ltd.: Regional Revenue Mix, 2014-16
Figure 11.25 Nippon Paint Holdings Co. Ltd.: Business Revenue Mix, 2014-2016
Figure 11.26 Nippon Paint Holdings Co. Ltd.: SWOT Analysis
Figure 11.27 PPG Industries Inc.: Overall Financials, 2014-2016
Figure 11.28 PPG Industries Inc.: Regional Revenue Mix, 2014-16
Figure 11.29 PPG Industries Inc.: Business Revenue Mix, 2014-2016
Figure 11.30 PPG Industries Inc.: SWOT Analysis
Figure 11.31 The Sherwin-Williams Company: Overall Financials, 2014-2016
Figure 11.32 The Sherwin-Williams Company: Business Revenue Mix, 2014-2016
Figure 11.33 The Sherwin-Williams Company: SWOT Analysis
Figure 11.34 S.Coat Co. Ltd.: SWOT Analysis
Figure 11.35 Berger Paints: SWOT Analysis

The advent of the technological era has made the extensive usage of paints and coatings a possibility for several end-user industries including manufacturing, medical & healthcare, and especially the automotive industry. Earlier, paints and coatings were used only for decorative purposes, but over the years, the end-user industries have realized that these products can be made functional to endow the substrates with various desirable properties such as anti-corrosiveness, ultraviolet protection, and others. The conventional paints and coatings industry uses various chemicals, including the toxic hexavalent chromium, to obtain such properties. But with the rising environmental concerns, the industries are seeking more environment friendly solutions since most of these chemicals are non-biodegradable, polluting, and harmful for the environment. Refinish coatings are a perfect solution for the aforementioned problem. These coatings are more efficient when compared with the conventional coatings as they enhance the exterior appearance of the substrate, and provide increased durability to the vehicles against harsh conditions such as heat, cold, UV radiation, corrosion, collision, and grift from the roads. 

In terms of value, global automotive refinish coatings market was estimated at $7,850.0 million in 2016, and is expected to register a CAGR of 5.3% from 2016 to 2021. In terms of volume, the global automotive refinish coatings market is expected to register a CAGR of 4.5% between 2016 and 2021. 

The growth is attributed to the rising disposable income, increasing number of vehicle collisions, growing demand for recreational vehicles, and increase in the average age of vehicles, among others. However, stringent regulations for volatile organic compound (VOC) emissions, and lack of skilled professionals are some of the factors hampering the growth of the global automotive refinish coatings market. The development of environment friendly technologies, increasing number of rental car owners and used car markets, and the growing demand from the emerging economies such as China, India, Japan, and Brazil, among others, are expected to create opportunities for the growth of the global automotive refinish coatings market.

FIGURE 1
Global Automotive Refinish Coatings Market Snapshot

Global Automotive Refinish Coatings Market

Source: BIS Research Analysis, Secondary Research and Expert Views

The global automotive refinish coatings market has been divided into 4 segments on the basis of product type, namely basecoats, clearcoats, primers and fillers, and ‘others’. In 2016, clearcoats based refinish coatings dominated the global automotive refinish coatings market with a share of 40.0%, and 38.5%, by value, and volume, respectively. The major factors attributing to this robust growth are the increasing average age of vehicles, and the rising automotive collision rate. The final coating, known as clearcoat, is done on the automobile surface in order to protect the basecoat, and provide aesthetic look, durability, protection against environmental damages, and scratch resistance to the overall coating. 

On the basis of resins, the global automotive refinish coatings market is segmented into alkyd, acrylic, polyurethane, epoxy, and ‘others’. Some of the companies providing polyurethane based refinish coatings have been undertaking numerous business development strategies such as launching new and innovative products, and business expansions. For instance, in November, 2017, Covestro AG begun the production of aqueous polyurethane dispersions (PUDs) in its new production facility at Dormagen site. THE PDUs are used for variety of applications.

Various technologies such as solvent-borne, waterborne, and UV-cured are utilized by the automotive body shops and repair centres for the refinishing of automotive vehicle parts. In the global automotive refinish coatings market, the solvent-borne technology based coatings segment accounted for a share of 48.0% in 2016. This growth can be attributed to the advantageous properties of using solvent-borne technology based automotive refinish coatings such as higher gloss retention, excellent block resistance, tolerance to adverse weather conditions, and good adhesion, among others. Refinish coatings are being widely employed for various vehicles such as cars, commercial vehicles, and two wheelers, among others. Automotive refinish coatings are used on passenger vehicles to endow them with similar mechanical and optical properties as provided by the factory applied coatings. The rental car service industry is also growing at a robust rate globally, especially in the emerging economies such as Latin America, India, China, Brazil, and others. For instance, in China, the total number of rental cars in 2015 was 430,000, an increase of 7% as compared to 400,000 in 2014. The increased demand for rental car services, globally, is driving the growth of the global automotive refinish coatings market since these vehicles are mainly used cars and need proper maintenance from time to time.

The refinish coatings market for vehicles with age less than 5 years is expected to grow in all the regions. The major factor attributing to the growth of the refinish coatings market for vehicles less than 5 years of age is the rise in the disposable income across several countries, especially in the emerging economies of Asia pacific. The rise in the disposable income is driving the sales of new vehicles, thereby increasing the congestion on roads. This has led to an increase in the number of collisions which is driving the market for automotive refinish coatings.

The trends of the automotive refinish coatings market varies with different geographical regions. The automotive refinish coatings market holds a prominent share in various countries of Asia-Pacific (APAC), North America, Europe, South America, and Middle East and Africa. Asia-Pacific accounted for the largest market share of 34.5% in the global automotive refinish coatings market. This growth is attributed to the growing demand of vehicles from the Asia-Pacific countries such as India, and China. Some of the automotive refinish coating players such as BASF SE, and Axalta Coatings Systems are adopting different strategies to establish their presence in the Asia-Pacific automotive refinish coatings market. For instance, Axalta Coating Systems, in 2017, introduced water borne refinish coating “Syrox” for China’s automotive refinish coating market

The competitive landscape for the automotive refinish coatings market demonstrates an inclination towards companies adopting strategies to expand their business and focusing on research and development activities. Some of the major established players in the automotive refinish coatings market, are focusing more on business expansion & contracts to keep a strong hold on the market. Axalta Coatings Systems, PPG Industries Inc., AkzoNobel N.V., BASF SE, Sherwin Williams, KCC Paints, Covestro, Berger Paints, Kansai Paint, Nippon Paint, NOROO Paint, Lubrizol Corporation, S.Coat, and Diamond Vogel, among others are some of the prominent companies in the global automotive refinish coatings market. These companies are actively aiming at an increased number of agreements, partnerships, & collaborations, and products to expand their operations, thereby, enhancing their share in the nanocoatings market. These companies expanded their business in different countries to expand their customer base in the market.

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