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World Automotive Refinish Coatings Market - Opportunities and Forecast, 2014 - 2020)

Category : Materials & Chemicals  | Published Date : Sept-2015
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Automotive vehicles need to be repaired frequently to enhance the façade and to recover the damages caused by external factors such as extreme temperature, stones, damage due to accidents and similar others. Automotive refinish coatings are used by the automotive body shops and repair centers for refinishing the vehicles. The global automotive refinish coatings market had witnessed a tremendous growth during the last 5 years. This was mainly due to increase in the number of vehicle collisions in conjunction with proclivity of owners to repair their vehicles. However, increasing government regulations on the utilization of high volatile organic compounds (VOC) level coatings may hamper the solvent-borne market growth. Therefore, the market is inclined towards water-borne refinish coatings, as they have comparatively low VOC levels. 

The market for global automotive refinish coatings is expected to grow at a CAGR of 6.3% during the forecast period (2015–2020) and would reach $11.3 billion by 2020. Increasing number of accidents, adoption of newer technologies and rising disposable income in the developing economies are the major factors that are expected to boost the market growth. Moreover, growing demand of recreational vehicles in the developed regions of North America and Europe is further expected to fuel the refinish coatings market. 

Geographically, global automotive refinish coatings market is segmented into North America, Europe, Asia-Pacific and LAMEA regions. Asia-Pacific region is the largest consumer of refinish coatings and accounts for more than 35% of the global consumption. This is mainly due to increasing sales of pre-owned vehicles, growing cab services, and increasing vehicle repair and body shops in the region. To provide a thorough understanding of the market scenario, the global automotive refinish coatings market is further segmented based on product type, technology and resin consumed in different refinish coatings. The report highlights some of the major products such as primer, basecoat, clearcoats, Filler & Putty and activators among others. On the basis of technology, the market is segmented into solvent-borne, water-borne and UV-cured coatings. The consumption of solvent-borne coatings is highest owing to stringent government regulation on high VOC levels. Water-borne coatings are expected to be used more than solvent-borne coatings during the forecast period. Based on the type of resins consumed in the coatings, the market is classified into polyurethane, acrylic, alkyd, and others. 

The market for automotive refinish coatings witnessed a significant growth due to various strategies adopted by the key market players. Acquisition and expansion are among the noteworthy strategies adopted by the companies. For instance, Axalta Coating System, commissioned a new manufacturing unit at Wuppertal, Germany to produce eco-friendly waterborne coatings. With this expansion, the company plans to address the growing demand for coatings in the Europe, Africa and Middle East markets owing to the centralized location of Wuppertal. 

The report provides a comprehensive analysis of the key companies operating in the global market such as Axalta Coating Systems, BASF SE, Kansai Paint Co. Ltd.,Mitsui Chemicals, PPG Industries, Inc., Nippon Paints, Sherwin Williams, 3M Co. and Matrix System Automotive Finishes.

KEY MARKET BENEFITS:

  • The study provides an in-depth analysis of the global automotive refinish coatings market with current and future trends to elucidate the imminent investment pockets in the market
  • Quantitative analysis of the current market and estimations during 2014-2020 have been provided to highlight the financial caliber of the market
  • Drivers and restraints have been evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the market potential 
  • Porter’s five forces model of the industry illustrates the potency of the buyers and suppliers participating in the market
  • Value chain analysis in the report provides a clear understanding to the stakeholders involved in the market
  • Geographical analysis provides a thorough understanding of the consumption of automotive refinish coatings in major regions

Key Market Segments

Global Automotive Refinish Coatings Market by Product Types

  • Primer
  • Basecoat
  • Clearcoat
  • Activator
  • Filler & Putty
  • Others 

Global Automotive Refinish Coatings Market by Technology

  • Solvent-borne Coatings
  • Water-borne Coatings
  • UV-cured Coatings 

Global Automotive Refinish Coatings Market by Resin

  • Polyurethane
  • Alkyd
  • Acrylic
  • Others

Global Automotive Refinish Coatings Market by Geography

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

CHAPTER 1 INTRODUCTION

1.1 Report description
1.2 Key market segment
1.3 Key benefits
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO perspective
2.2 Market Beyond: what to expect by 2025

2.2.1 Moderate growth scenario
2.2.2 Rapid growth scenario
2.2.3 Critical growth scenario

CHAPTER 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Automotive refinishing coatings: Emerging Economies
3.3 Analysis based on vehicle age
3.4 Key Findings

3.4.1 Top impacting factors
3.4.2 Top investment pockets
3.4.3 Top winning strategies

3.5 Porters five forces analysis

3.5.1 Lower bargaining power of supplier
3.5.2 High bargaining power of buyer
3.5.3 Threat of new entrants
3.5.4 Competitive Rivalry
3.5.1 Very weak threat of substitutes

3.6 Value chain analysis
3.7 Market share analysis,2014

3.7.1 Coatings resin
3.7.2 Automotive refinish coatings

3.8 Impact of government regulations
3.9 Price trend analysis of coating resin
3.10 Actual benchmark product (resin) in the market - global (product name and manufacturer)
3.11 Drivers

3.11.1 Rising disposable income
3.11.2 Rising number of vehicle collision
3.11.3 Growing demand for recreational vehicle

3.12 Restrains

3.12.1 Stringent regulatiosn for Volatile Organic Compound (VOC) Emission
3.12.2 Improving road infrastructure

3.13 Opportunities

3.13.1 Development of environmental friendly technologies
3.13.2 Progressive Innovation

CHAPTER 4 GLOBAL AUTOMOTIVE REFINISH COATING MARKET BY TECHNOLOGY

4.1 Solvent-borne coatings

4.1.1 Key market trends
4.1.2 Key growth factors and opportunities
4.1.3 Market size and forecast

4.2 Water-borne coatings

4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market Size and Forecast

4.3 Others (UV cured Coatings)

4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.1 Market Size and Forecast

CHAPTER 5 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY RESIN TYPE

5.1 Market size and forecast
5.2 Polyurethane

5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast

5.3 Alkyd

5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast

5.4 Acrylic

5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Market Size and Forecast

5.5 Others (Nitrocellulose and epoxy)

5.5.1 Nitrocellulose
5.5.2 Epoxy
5.5.3 Market Size and Forecast

CHAPTER 6 GLOBAL AUTOMOTIVE REFINISH COATINGS MARKET, BY COAT TYPE

6.1.1 Market size and forecast

6.2 Primer & Filler

6.2.1 Key market trends and developments
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast

6.3 Basecoat

6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast

6.4 Clear coat

6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast

6.5 Activator/Hardners

6.5.1 Key market trends
6.5.2 Key growth factors and opportunities
6.5.3 Market size and forecast

6.6 Others

6.6.1 Market size and forecast

CHAPTER 7 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY GEOGRAPHY

7.1.1 Market size and forecast

7.2 North America

7.2.1 Key market trends
7.2.2 Key growth factors and opportunities
7.2.3 Market size and forecast

7.3 Europe

7.3.1 Key market trends
7.3.2 Key growth factors and opportunities
7.3.3 Market size and forecast

7.4 Asia Pacific

7.4.1 Key market trends
7.4.2 Key growth factors and opportunities
7.4.3 Market size and forecast
7.4.4 China

 

7.5 LAMEA

7.5.1 Key market trends
7.5.2 Key growth factors and opportunities
7.5.3 Market size and forecast

CHAPTER 8 AUTOMOTIVE REFINISH PRODUCT PORTFOLIO OF MAJOR PLAYERS

8.1 3M Co.
8.2 AkzoNobel NV
8.3 Axalta Coatings Systems LLC
8.4 BASF
8.5 Kansai Paint Co. Ltd.
8.6 Matrix Systems Automotive Finishes LLC
8.7 Nippon Paint
8.8 PPG Industries Inc.

CHAPTER 9 COMPANY PROFILE

9.1 Axalta Coating System

9.1.1 Company overview
9.1.2 Axalta Coating System segment overview
9.1.3 Financial performance
9.1.4 Strategic moves and developments
9.1.5 SWOT analysis and strategic deductions

9.2 PPG Industries

9.2.1 Company overview
9.2.2 PPG Industries Segment Overview
9.2.3 Financial performance
9.2.4 Strategic moves and developments
9.2.5 SWOT analysis and strategic deductions

9.3 Mitsui Chemicals

9.3.1 Company overview
9.3.2 Operating business segment overview
9.3.3 Financial performance
9.3.4 SWOT analysis and strategic deductions

9.4 Matrix System Automotive Finishes LLC

9.4.1 Company overview
9.4.2 Matrix System segment overview
9.4.3 Strategic moves and developments
9.4.4 SWOT analysis and strategic deductions

9.5 Kansai Paint Co. Ltd.

9.5.1 Company Overview
9.5.2 Financial performance
9.5.3 Strategic moves and developments
9.5.4 SWOT analysis of Kansai Paint Co. Ltd.

9.6 Nippon Paint.

9.6.1 Company overview
9.6.2 Financial performance
9.6.3 Strategic moves and developments
9.6.4 SWOT analysis of Nippon Paint

9.7 BASF SE

9.7.1 Company overview
9.7.2 Financial performance
9.7.3 Strategic moves and developments
9.7.4 SWOT analysis of BASF SE

9.8 Sherwin-Williams

9.8.1 Company overview
9.8.2 Financial performance
9.8.3 Key Strategies and developments
9.8.4 SWOT analysis of Sherwin-Williams

9.9 3M Co.

9.9.1 Company overview
9.9.2 Financial performance
9.9.3 SWOT analysis of 3M Company

LIST OF FIGURES

FIG. 1 TOP IMPACTING FACTORS, MODERATE GROWTH SCENARIO (2020 - 2025)
FIG. 2 TOP IMPACTING FACTORS, RAPID GROWTH SCENARIO (2020 - 2025)
FIG. 3 TOP IMPACTING FACTORS, DIMINISHING GROWTH SCENARIO (2020 - 2025)
FIG. 4 TOP IMPACTING FACTORS IN GLOBAL AUTOMOTIVE REFINISH COATING MARKET
FIG. 5 TOP INVESTMENT POCKET IN AUTOMOTIVE REFINISH COATING MARKET
FIG. 6 TOP WINNING STRATEGIES FOR GLOBAL AUTOMOTIVE REFINISH COPATINGS MARKET (2011-2015)
FIG. 7 TOP WINNING STRATEGIRS BY COMPANY
FIG. 8 PORTER FIVE FORCE ANALYSIS
FIG. 9 VALUE CHAIN ANALYSIS OF GLOBAL AUTOMOTIVE REFINISH COATINGS MARKET
FIG. 10 MARKET SHARE ANALYSIS, GLOBAL COATING RESIN MARKET-2014
FIG. 11 MARKET SHARE ANALYSIS, GLOBAL AUTOMOTIVE REFINISH COATING MARKET-2014
FIG. 12 AUTOMOTIVE REFINISH COATING RESIN PRICE ANALYSIS ($/KG) (2008-2014)
FIG. 13 BENCHMARK ANALYSIS
FIG. 14 ALLNEX BENCHMARK ANALYSIS
FIG. 15 ARKEMA BENCHMARK ANALYSIS
FIG. 16 DSM BENCHMARK ANALYSIS
FIG. 17 BAYER BENCHMARK ANALYSIS
FIG. 18 DOW CHEMICALS BENCHMARK ANALYSIS
FIG. 19 USED CAR SALES IN DIFFERENT COUNTRIES
FIG. 20 NIPPON PAINT REFINISH PRODUCT PORTFOLIO
FIG. 21 KEY FINANCIALS OF DSM ($MILLION) IN 2010-14
FIG. 22 FINANCIAL REVENUES OF AXALTA BY SEGMENTS (2014)
FIG. 23 SWOT ANALYSIS OF AXALTA COATING SYSTEM
FIG. 24 KEY FINANCIALS OF PPG INDUSTRIES $BILLION(2012-2014)
FIG. 25 FINANCIAL REVENUES OF PPG INDUSTRIES,BY SEGMENTS (2014)
FIG. 26 SWOT ANALYSIS OF PPG INDUSTRIES
FIG. 27 .KEY FINANCIALS OF MITSUI CHEMICALS $BILLION (2010-2014)
FIG. 28 FINANCIAL REVENUES OF MITSI, BY SEGMENTS (2014)
FIG. 29 FINANCIAL REVENUES OF MITSI, BY GEOGRAPHY (2014)
FIG. 30 SWOT ANALYSIS OF MITSUI CHEMICALS
FIG. 31 SWOT ANALYSIS OF MATRIX SYSTEM
FIG. 32 KANSAI PAINT ANNUAL REVENUE, $MILLION, 2010-2014
FIG. 33 KANSAI PAINT REVENUE CONTRIBUTION, BY SEGMENT-2014
FIG. 34 SWOT ANALYSIS OF KANSAI PAINT CO LTD
FIG. 35 NIPPON PAINT ANNUAL REVENUE, $MILLION
FIG. 36 REVENUES CONTRIBUTION OF NIPPON PAINT, BY GEOGRAPHY- 2014
FIG. 37 SWOT ANALYSIS OF NIPPON PAINT
FIG. 38 BASF SE ANNUAL REVENUE, $BILLION, 2010-2014
FIG. 39 SWOT ANALYSIS OF BASF SE
FIG. 40 SHERWIN-WILLIAMS SALES, BY YEAR
FIG. 41 SWOT ANALYSIS OF SHERWIN-WILLIAMS
FIG. 42 SWOT ANALYSIS OF 3M COMPANY

LIST OF TABLES

TABLE 1 GLOBAL AUTOMOTIVE REFINISH COATING MARKET VOLUME, BY GEOGRAPHY, 2014-2021, (MILLION LITER)
TABLE 2 GLOBAL AUTOMOTIVE REFINISH COATING MARKET VALUE, BY GEOGRAPHY, 2014-2021, ($MILLION)
TABLE 3 GLOBAL AUTOMOTIVE REFINISH COATING MARKET MODERATE GROWTH SCENARIO VOLUME, BY GEOGRAPHY, 2020 2025 (MILLION LITER)
TABLE 4 GLOBAL AUTOMOTIVE REFINISH COATING MARKET MODERATE GROWTH SCENARIO VALUE, BY GEOGRAPHY, 2020 2025 ($MILLION)
TABLE 5 GLOBAL AUTOMOTIVE REFINISH COATING MARKET RAPID GROWTH SCENARIO VOLUME, BY GEOGRAPHY, 2020 2025 (MILLION LITER)
TABLE 6 GLOBAL AUTOMOTIVE REFINISH COATING MARKET RAPID GROWTH SCENARIO VALUE, BY GEOGRAPHY, 2020 2025 ($MILLION)
TABLE 7 GLOBAL AUTOMOTIVE REFINISH COATING MARKET DIMINISHING GROWTH SCENARIO VOLUME, BY GEOGRAPHY, 2020 2025 (MILLION LITER)
TABLE 8 GLOBAL AUTOMOTIVE REFINISH COATING MARKET DIMINISHING GROWTH SCENARIO VALUE, BY GEOGRAPHY, 2020 2025 ($MILLION)
TABLE 9 VOC CONCENTRATION LIMITS IN CANADA:
TABLE 10 DISPOSABLE INCOMES OF LEADING COUNTRIES (2012)
TABLE 11 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VOLUME (MILLION LITER), 2014-2021
TABLE 12 GLOBAL AUTOMOTIVE REFINISH COATING MARKET,BY TECHNOLOGY, VALUE 2014-2021 ($MILLION )
TABLE 13 GLOBAL SOLVENT BORNE AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021
TABLE 14 GLOBAL SOLVENT BORNE AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021
TABLE 15 GLOBAL WATER BORNE AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021
TABLE 16 GLOBAL WATER BORNE AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021
TABLE 17 GLOBAL UV CURED AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021
TABLE 18 GLOBAL UV CURED AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021
TABLE 19 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY RESIN TYPE, VOLUME (MILLION LITER), 2014-2021
TABLE 20 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY RESIN TYPE, REVENUE ($MILLION), 2014-2021
TABLE 21 GLOBAL AUTOMOTIVE REFINISH POLYURETHANE RESIN MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021
TABLE 22 GLOBAL AUTOMOTIVE REFINISH POLYURETHANE RESIN MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021
TABLE 23 GLOBAL AUTOMOTIVE REFINISH ALKYD RESIN MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021
TABLE 24 GLOBAL AUTOMOTIVE REFINISH ALKYD RESIN MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021
TABLE 25 GLOBAL AUTOMOTIVE REFINISH ACRYLIC RESIN MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021
TABLE 26 GLOBAL AUTOMOTIVE REFINISH ACRYLIC RESIN MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021
TABLE 27 GLOBAL AUTOMOTIVE REFINISH OTHERS RESIN MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021
TABLE 28 GLOBAL AUTOMOTIVE REFINISH OTHERS RESIN MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021
TABLE 29 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY COAT TYPE, VOLUME (MILLION LITER), 2014-2021
TABLE 30 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY COAT TYPE, REVENUE ($MILLION), 2014-2021
TABLE 31 GLOBAL PRIMER & FILLERS AUTOMOTIVE REFINISH COATING MARKET, VOLUME (MILLION LITER) AND REVENUE ($MILLION), 2014-2021
TABLE 32 GLOBAL BASECOAT AUTOMOTIVE REFINISH COATING MARKET, VOLUME (MILLION LITER) AND REVENUE ($MILLION), 2014-2021
TABLE 33 GLOBAL CLEARCOAT AUTOMOTIVE REFINISH COATING MARKET, VOLUME (MILLION LITER) AND REVENUE ($MILLION), 2014-2021
TABLE 34 GLOBAL ACTIVATOR AUTOMOTIVE REFINISH COATING MARKET, VOLUME (MILLION LITER) AND REVENUE ($MILLION), 2014-2021
TABLE 35 GLOBAL OTHER COAT AUTOMOTIVE REFINISH COATING MARKET, VOLUME (MILLION LITER) AND REVENUE ($MILLION), 2014-2021
TABLE 36 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021
TABLE 37 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021
TABLE 38 NORTH AMERICA AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VOLUME (MILLION LITER), 2014-2021
TABLE 39 NORTH AMERICA AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VALUE ($MILLION), 2014-2021
TABLE 40 EUROPE AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VOLUME (MILLION LITER), 2014-2021
TABLE 41 EUROPE AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, REVENUE ($MILLION), 2014-2021
TABLE 42 ASIA-PACIFIC AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VOLUME (MILLION LITER), 2014-2021
TABLE 43 ASIA-PACIFIC AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, REVENUE ($MILLION), 2014-2021
TABLE 44 LAMEA AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VOLUME (MILLION LITER), 2014-2021
TABLE 45 LAMEA AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, REVENUE ($MILLION), 2014-2021
TABLE 46 3M CO. REFINISH PRODUCT PORTFOLIO
TABLE 47 AKZONOBEL NV REFINISH PRODUCT PORTFOLIO
TABLE 48 AXALTA COATINGS SYSTEMS LLC REFINISH PRODUCT PORTFOLIO
TABLE 49 BASF REFINISH PRODUCT PORTFOLIO
TABLE 50 KANSAI PAINT CO. LTD.REFINISH PRODUCT PORTFOLIO
TABLE 51 MATRIX SYSTEMS AUTOMOTIVE FINISHES LLC REFINISH PRODUCT PORTFOLIO
TABLE 52 PPG INDUSTRIES INC. REFINISH PRODUCT PORTFOLIO
TABLE 53 AXALTA COATING SYSTEM SNAPSHOT
TABLE 54 AXALTA COATING SYSTEM OPERATING SEGMENTS
TABLE 55 PPG INDUSTRIES SNAPSHOT
TABLE 56 PPG INDUSTRIES OPERATING SEGMENTS
TABLE 57 MITSUI CHEMICALS SNAPSHOT
TABLE 58 MITSUI CHEMICALS OPERATING SEGMENTS
TABLE 59 MATRIX SYSTEM SNAPSHOT
TABLE 60 MATRIX SYSTEM OPERATING SEGMENTS
TABLE 61 KANSAI PAINT CO LTD. SNAPSHOT
TABLE 62 NIPPON PAINT SNAPSHOT
TABLE 63 BASF SE SNAPSHOT
TABLE 64 SHERWIN-WILLIAMS SNAPSHOT
TABLE 65 3M CO. SNAPSHOT
TABLE 66 3M CO SALES, BY YEAR

...
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