COVID-19 Impacts: Global Automotive Refinish Coatings Market will Accelerate at a CAGR of almost 3% through 2020-2024 | Increased Focus on R&D and Innovative Methods to Reduce the Cycle Time to Boost Growth | Technavio
Technavio has been monitoring the global automotive refinish coatings market size and it is poised to grow by USD 1.69 billion during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Automotive Refinish Coatings Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., and The Sherwin-Williams Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The increased focus on R&D and innovative methods to reduce the cycle time has been instrumental in driving the growth of the market. However, increasing supply-demand imbalance might hamper market growth.
Automotive Refinish Coatings Market 2020-2024 : Segmentation
Automotive Refinish Coatings Market is segmented as below:
Type
Solvent-based Coatings
Water-based Coatings
Others
Geography
APAC
Europe
North America
South America
MEA
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Automotive Refinish Coatings Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive refinish coatings market report covers the following areas:
Automotive Refinish Coatings Market size
Automotive Refinish Coatings Market trends
Automotive Refinish Coatings Market industry analysis
This study identifies the increasing adoption of UV-curable coating as one of the prime reasons driving the automotive refinish coatings market growth during the next few years.
Automotive Refinish Coatings Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive refinish coatings market, including some of the vendors such as 3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., and The Sherwin-Williams Co. Backed with competitive intelligence and benchmarking, our research reports on the automotive refinish coatings market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Automotive Refinish Coatings Market 2020-2024 : Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist automotive refinish coatings market growth during the next five years
Estimation of the automotive refinish coatings market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive refinish coatings market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive refinish coatings market vendors
Table Of Contents :
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Type
Market segments
Comparison by Type
Solvent-based coatings - Market size and forecast 2019-2024
Water-based coatings - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Type
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume Drivers – Demand led growth
Market Challenges
Market Trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
3M Co.
Akzo Nobel NV
Arkema SA
Axalta Coating Systems Ltd.
BASF SE
Clariant International Ltd.
Covestro AG
Nippon Paint Holdings Co. Ltd.
PPG Industries Inc.
The Sherwin-Williams Co.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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