Browse the most recent issues of Coatings World Magazine, featuring timely insights and industry-leading analysis.
Access the interactive digital version of the magazine with multimedia enhancements and exclusive online features.
Join a global community of coatings professionals—subscribe to receive the magazine in print or digital formats.
Promote your brand to decision-makers across the global coatings value chain with targeted advertising options.
Review our standards for submitting articles and technical content to ensure alignment with editorial goals.
Understand how your data is collected, stored, and used when interacting with Coatings World Magazine.
Immediate updates on significant industry developments.
News from major and regional paint and coatings producers.
Updates from raw material and equipment suppliers.
Leadership changes and notable appointments.
Mergers, acquisitions, and earnings reports across the industry.
Data-driven insights into regional and global coatings markets.
Interviews with executives, innovators, and influencers in the coatings sector.
Explore long-form articles and special reports that analyze trends, technologies, and business strategies in coatings.
Recurring editorial pieces offering expert perspectives and commentary on regulatory, sustainability, and R&D topics.
Access original interviews, Q&As, and insights that offer a deeper understanding of key industry developments.
Industry leaders weigh in on technical advancements, market challenges, and future opportunities.
Explore color trend predictions and their influence on coatings design, formulation, and application.
Profiles and rankings of the world’s leading coatings manufacturers and suppliers.
Comprehensive resource for locating suppliers of coatings materials and services.
Connect with distributors of raw materials, packaging, and equipment.
Showcase your company’s services, products, and expertise.
Look up definitions for key terms and concepts used across the coatings industry.
Full-length videos covering events, innovations, and thought leadership.
Short-form video interviews offering quick updates and takeaways.
Audio interviews and discussions with industry experts and insiders.
In-depth digital publications on coatings technologies and trends.
Research-backed documents examining industry challenges and solutions.
Informational materials highlighting products, services, and companies.
Company-sponsored articles offering valuable insights, case studies, and product applications.
Company announcements, product launches, and business developments from across the coatings sector.
Search for career opportunities in the coatings industry and connect with hiring companies.
What are you searching for?
Per Credence Research, Inc.
March 7, 2018
By: Anthony Locicero
Copy Editor, New York Post
According to the latest report published by Credence Research, Inc. “Automotive Refinish Coatings Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global automotive refinish coating market was valued at $ 9.49 million in 2017, expanding at a CAGR of 6.5 percent from 2018 to 2026. Market Insights The global automotive refinish coatings market accounted for US$ 9.49 million in 2017 growing with a CAGR of 6.5 percent during the forecast period from 2018 to 2026. Increasing vehicles sale, easy availability of auto loans and modern lifestyle will drive the market growth over the forecast period. Moreover, rising need for maintenance of premium vehicles is expected to drive market growth in Asian economies. In India, two wheelers and four wheelers accounts for 25 percent of road crashes leading to increased demand for vehicle repair and maintenance, and is therefore, expected to drive the overall market. According to road-traffic safety experts, the frequency of traffic collisions in India is highest among other countries, which in turn is surge the overall growth. In addition, Indian government’s “Skilled India” initiative will create more skilled workers for the automobile maintenance and repair industry, which in turn is projected to supplement the aftermarket growth in the future. Solvent borne technology is witnessing a drop in demand owing to VOC emission. Leading paint and coating manufacturers are shifting from solvent borne technology to waterborne technology on account of stringent environmental regulations such as “Directive 2004/42/EC” of the European Parliament. This regulation limits the emissions of volatile organic compounds by 90 percent owing to the use of organic solvents in decorative coatings and varnishes and vehicle refinishing products. Automotive manufacturers in Europe have followed the European Union directive in reducing VOC emission through the implementation of using powder coating/ water borne coating instead of solvent borne coatings for automotive industry. Rising awareness towards reducing VOC emissions in automotive industries is expected to promote the market growth of eco-friendly coatings and thus limiting solvent borne automotive coatings demand in the near future. U.S. EPA has regulated the limits of VOC emissions for automotive refinish coatings. For example, the VOC content in primers can be up to 4.8 pounds per gallon whereas for topcoats, content can be up to 5 pounds per gallon. Primer acts as an ideal substrate for smooth surface application of basecoat. The presence of grey shade primer on automotive body enables to identify the surface irregularities and brings out superior attributes of basecoat. Also, epoxy primers are being widely utilized on account of their excellent color holding coupled with better sealing and adhesion properties expected to enhance the market growth. Based on geography, North America held a significant share in the global automotive refinish coating market in 2017 with a market share of over approximately 22 percent. Population growth, increasing per capita car ownership and rising disposable income in North America has played an important role in developing automotive refinish coatings market in the region. However, as per China Association of Automobile Manufacturers (CAAM) (2016), the Chinese automobile industry is the largest in the world in terms of unit vehicle volume manufactured and the country has witnessed increased production over the past decade. The growing per capita income of the country has resulted in increased demand for automobiles in the domestic market. In addition, the growing number of luxury brands, such as BMW, has propelled manufacturers to shift their engineering plants to China due to lower labor cost and overheads. Also, India is expected to observe high demand for automobiles due to increasing industrialization coupled with government support for manufacturing vehicles. Therefore, increasing automobile production in countries such as China, India, and Thailand is expected to fuel the demand for refinish coatings in Asia Pacific region. Key market players in the global automotive refinish coating market include Axalta Coating Systems, AkzoNobel, BASF SE, Bayer AG, Berger Paints, Clariant, Kansai Paints, KCC Corporation, Nippon Paints, PPG Industries, and Valspar Corporation. Browse the full Automotive Refinish Coating Market – Growth, Future Prospects and Competitive Analysis, 2018-2026 report at http://www.credenceresearch.com/report/automotive-refinish-coatings-market
Enter your account email.
A verification code was sent to your email, Enter the 6-digit code sent to your mail.
Didn't get the code? Check your spam folder or resend code
Set a new password for signing in and accessing your data.
Your Password has been Updated !
