The automotive refinish coating market
provides for coating of automotives. The global automotive market is expected
to reach over $245 billion by 2020; therefore, the market for refinish coating
can expect good revenue. The key driver for the market is increase in the
number of vehicles in operation. Additionally, the demand is expected to be
very high in the BRIC countries with the increase in number of cars and bumpy
road conditions. It is expected that the number of car users in developing
countries would reach around three to four billion in the next 30 years.
However,
the North American and European market is expected to be flat due to the
economic downtimes and enhanced road safety parameters. The automotive market
is not expected to grow in these regions until the recession settles down;
therefore, the automotive refinish market is dependent on developing economies.
The major challenge for companies in the market is to overcome the refinish
coating requirements of two-wheelers and heavy commercial vehicles as the
market is largely dependent on car markets.
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Information Visit At: http://www.bigmarketresearch.com/automotive-refinish-coatings-market
Key Benefits
- This report provides market intelligence with respect to
solvent type, vehicle refinish type and geographies
- Deep dive of top factors impacting the market growth
- Value chain analysis, Porter’s five forces, top investment
pockets are analyzed and presented in detail in the report
- SWOT analysis and strategic developments are included in the
report for key players
- Study of the challenges and opportunities available in the
automotive refinish coatings market
- Market estimates for automotive refinish coatings market and
its sub-segments
- Identification of the key strategies adopted by major market
players engaged in the market
- Analysis of the market factors in various geographic regions
to understand business opportunities
- Assessment and ranking of the top factors that are expected
to affect the growth of the market
Key Audiences
- Service providers for automotive refinish coating
- Manufacturer and dealers of automotives
- Research organizations
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