Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The market for automotive refinish coatings is being propelled by the growing focus on optimal automobile repair and maintenance to enhance the durability of vehicles is also surging the demand for automotive refinish coatings, hence boosting the market growth. With the rising inclination towards luxurious and aesthetic appearances of vehicles, innovative automotive refinish coatings are deployed to mimic luxury surfaces and enhance consumer experiences. Technological advancements and innovations are leading to the development of innovative refinish coatings such as burnish-resistance matte finish coatings, scratch-resistance coatings, and self-healing coatings to boost the longevity of vehicles. Furthermore, the rising demand for environmentally-friendly products is surging the interest toward sustainable alternatives to traditional solvent-borne solutions, which is anticipated to provide impetus to the growth of the market in the forecast period.
BASF SE (OTCMKTS: BASFY), one of the leading companies in the market, launched its most advanced and new waterborne basecoat lining in September 2020. It optimises the processing properties for efficient and fast applications to meet the highest applications of modern body shops and enable environmentally friendly and highly efficient finish results. With its value of volatile organic compounds (VOCs) consistently below 250g/l, the product line is the eco-friendliest automotive refinish coatings in the market. Moreover, the product line features various innovative solutions such as state-of-the-art and ergonomic mixing facilities that can be customised for the body shops of the future. The development of such innovative automotive refinish coatings is significantly contributing to the growth of the market.
Market Analysis by Product Type, Technology, Resin, Vehicle Type, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global automotive refinish coatings market are Akzo Nobel N.V., 3M Company, BASF SE, Berger Paints India Limited, KCC Corporation, and NIPSEA Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.