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[ 英語タイトル ] Refinish Paint Market for Automotive by Layer (Clearcoat, Basecoat, Primer, & Sealer), Resin (PU, Epoxy, & Acrylic), Technology (Waterborne, Solventborne & Powder), Vehicle (Passenger Cars, Commercial Vehicles), and Region - Global Forecast to 2022


Product Code : MNMCH00109154
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

“The refinish paint market for automotive is driven by the increasing number of vehicles, high Collision rate and the propensity of the car owners to refinish after collision”

The refinish paint market for automotive is estimated at USD 7.00 billion in 2017 and is projected to reach USD 8.50 billion by 2022, at a CAGR of 4.0% from 2017 to 2022. The growth of the refinish paint market for automotive is driven by the increasing demand for cars, high collision rate, rising income level of middle-class population and the propensity of car owners to repair their vehicle post-collision.

“Based on resin, the polyurethane resin segment is projected to witness the highest growth during the forecast period in the refinish paint market for automotive”

Polyurethane resins have wide preference in clearcoat and basecoat layer. This resin helps formulate automotive coatings with higher gloss and excellent finish. The growth of polyurethane resin is backed by its excellent resistance to UV rays, chemicals, and corrosion. The polyurethane resin based coating also offers superior durability, thereby, lowering maintenance requirements significantly.

“China is the largest and fastest-growing market for automotive refinish paint in APAC as well as globally”

China is the largest and fastest-growing market for automotive refinish coating in APAC as well as globally. It is projected to maintain its dominance during the forecast period due to the increased car parc, high collision rate, and rising income of middle-class population in the country. Major key players are focused on inorganic growth strategies such as mergers & acquisitions to enhance its footprint in China and cater the growing demand in this country.

Extensive primary interviews have been conducted to determine and verify the market sizes of various segments and subsegments obtained from the data gathered through secondary research. The breakdown of primary interviews has been given below.

• By Company Type - Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation - C level – 55%, D level – 25%, and Others – 20%
• By Region - North America – 35%, Europe – 25%, Asia Pacific – 15%, South America– 15%, and the Middle East & Africa – 10%

Key players profiled in the refinish paint market for automotive report are Axalta (US), PPG Industries (US), BASF (Germany), Sherwin-Williams (US), Kansai Paint (Japan), Nippon Paint (Japan), KCC Corporation (Korea), and AkzoNobel (Netherlands)

Research Coverage:
This report covers the consumption of automotive refinish coating across different end-use industries and regions. It aims at estimating the market size and future growth potential of the refinish paint market for automotive across different segments based on chemistry, end-use industry, technology, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the refinish paint market for automotive, along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:
This report aims at helping the market leaders/new entrants in the refinish paint market for automotive by providing them the closest approximations of the revenues for the overall refinish paint market for automotive and its subsegments. This report aims at helping stakeholders to obtain an improved understanding of the competitive landscape of the market and gain insights to improve the position of their businesses by making suitable market strategies. This report also aims at helping the stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 UNIT CONSIDERED 16
1.6 LIMITATION 16
1.7 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Key industry insights 20
2.1.2.3 Breakdown of primary interviews 20
2.2 MARKET SIZE ESTIMATION 21
2.2.1 TOP-DOWN APPROACH 21
2.2.2 BOTTOM–UP APPROACH 22
2.3 DATA TRIANGULATION 23
2.4 ASSUMPTIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 28
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN AUTOMOTIVE REFINISH COATING MARKET 28
4.2 AUTOMOTIVE REFINISH COATING MARKET SIZE, BY RESIN 28
4.3 AUTOMOTIVE REFINISH COATING MARKET SIZE, BY LAYER 29
4.4 AUTOMOTIVE REFINISH COATING MARKET GROWTH, BY TECHNOLOGY 29
4.5 AUTOMOTIVE REFINISH COATING MARKET SIZE, BY VEHICLE TYPE 30
4.6 APAC AUTOMOTIVE REFINISH COATING MARKET, BY COUNTRY AND LAYER 30

5 MARKET OVERVIEW 31
5.1 INTRODUCTION 31
5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Increase in vehicle usage globally 32
5.2.2 RESTRAINTS 32
5.2.2.1 Volatility in raw material prices 32
5.2.2.2 Improved safety features on advanced vehicles 32
5.2.3 OPPORTUNITIES 33
5.2.3.1 Increasing adoption of growth strategies by key players 33
5.2.4 CHALLENGES 33
5.2.4.1 Increased competition amongst key players 33
5.3 PORTER’S FIVE FORCES ANALYSIS 33
5.3.1 THREAT OF NEW ENTRANTS 34
5.3.2 THREAT OF SUBSTITUTES 34
5.3.3 BARGAINING POWER OF BUYERS 34
5.3.4 BARGAINING POWER OF SUPPLIERS 35
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 35
5.4 MACROECONOMIC INDICATORS 36
5.4.1 INTRODUCTION 36
5.4.2 TRENDS AND FORECAST OF GDP 36
5.4.3 VEHICLE USAGE AND MOTORIZATION RATE 37
6 AUTOMOTIVE REFINISH COATING MARKET, BY RESIN 38
6.1 INTRODUCTION 39
6.2 POLYURETHANE RESIN 40
6.3 EPOXY RESIN 41
6.4 ACRYLIC RESIN 42
6.5 OTHERS 43
7 AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY 44
7.1 INTRODUCTION 45
7.2 SOLVENTBORNE COATING 46
7.3 WATERBORNE COATING 47
7.4 POWDER COATING 48
8 AUTOMOTIVE REFINISH COATING MARKET, BY VEHICLE TYPE 50
8.1 INTRODUCTION 51
8.2 PASSENGER CAR 52
8.3 BUSES 53
8.4 LCV 54
8.5 TRUCKS 55
9 AUTOMOTIVE REFINISH COATING MARKET, BY LAYER 56
9.1 INTRODUCTION 57
9.2 SEALER 58
9.3 PRIMER 59
9.4 BASECOAT 60
9.5 CLEARCOAT 61
10 AUTOMOTIVE REFINISH COATING MARKET, BY REGION 62
10.1 INTRODUCTION 63
10.2 APAC 65
10.2.1 CHINA 70
10.2.2 JAPAN 70
10.2.3 SOUTH KOREA 70
10.2.4 INDIA 70
10.2.5 INDONESIA 70
10.2.6 THAILAND 71
10.2.7 AUSTRALIA 71
10.2.8 REST OF APAC 71
10.3 NORTH AMERICA 72
10.3.1 US 76
10.3.2 CANADA 76
10.3.3 MEXICO 77
10.4 EUROPE 77
10.4.1 GERMANY 81
10.4.2 SPAIN 81
10.4.3 UK 82
10.4.4 FRANCE 82
10.4.5 RUSSIA 82
10.4.6 ITALY 82
10.4.7 POLAND 82
10.4.8 REST OF EUROPE 82
10.5 SOUTH AMERICA 83
10.5.1 BRAZIL 86
10.5.2 ARGENTINA 86
10.5.3 REST OF SOUTH AMERICA 86
10.6 MIDDLE EAST & AFRICA 87
10.6.1 IRAN 91
10.6.2 SOUTH AFRICA 91
10.6.3 REST OF MIDDLE EAST & AFRICA 91

11 COMPETITIVE LANDSCAPE 92
11.1 OVERVIEW 92
11.2 MARKET RANKING 92
11.2.1 MARKET SHARE OF KEY PLAYERS (2016) 93
11.3 COMPETITIVE SCENERIO 93
11.3.1 MERGER & ACQUISITION 93
11.3.2 NEW PRODUCT LAUNCH 94
12 COMPANY PROFILES 95
12.1 AXALTA COATING SYSTEMS 95
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MNM View)
12.2 PPG INDUSTRIES 98
12.3 BASF 101
12.4 AKZONOBEL 104
12.5 SHERWIN-WILLIAMS 106
12.6 3M 108
12.7 KANSAI PAINT 110
12.8 NIPPON PAINT 112
12.9 KCC 114
12.10 DONGLAI COATING 116
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MNM View might not be captured in case of unlisted companies.
12.11 OTHER KEY PLAYERS 117
12.11.1 NOVOL 117
12.11.2 NOROO PAINT & COATINGS 117
12.11.3 LUBRIZOL 117
12.11.4 KAPCI COATINGS 117
12.11.5 GUANGZHOU ZHENROUMEI CHEMICAL COATINGS 117
12.11.6 BESA 117
12.11.7 CRESTA PAINT INDUSTRIES 117
12.11.8 TOA PERFORMANCE COATING 117
12.11.9 HMG PAINTS 118
12.11.10 WEG GROUP 118
12.11.11 SAMHWA PAINTS INDUSTRIAL 118
12.11.12 ALPS COATINGS 118
12.11.13 ROCK PAINT 118
12.11.14 JAMES BRIGGS 118
12.11.15 MIPA 118

13 APPENDIX 119
13.1 INSIGHTS FROM INDUSTRY EXPERTS 119
13.2 DISCUSSION GUIDE 120
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 122
13.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 124
13.5 AVAILABLE CUSTOMIZATIONS 125
13.6 RELATED REPORTS 125
13.7 AUTHORS DETAILS 126

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