Automotive Refinish Coatings Market Will Be Worth of Us$10.8 Bn in 2024, Growing at a Cagr of 5.7% Between 2016-2024

Transparency Market
Research
Automotive Refinish Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016 - 2024

Published Date
07-Sept-2016

135 Page Report

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Press Release

Strict Environment Regulatory Reforms Compel Automotive
Refinish Coatings Manufacturers to Focus on Water-borne
Product Varieties, says TMR
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Automotive Refinish Market

REPORT DESCRIPTION
Automotive Refinish Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016
- 2024
The global market for automotive refinish coatings is on the brink of a key transformation – shift from solventbased to water-based coatings. Strict regulatory reforms related to VOC emissions, especially across
developed economies such as North America and Europe, have led to a decline in the global consumption of
solvent-based coatings in the past few years. Solvent-based coatings being the dominant revenue-generator of
the global automotive refinish coatings market, this trend has dealt a huge blow to the market’s overall growth
prospects. Nevertheless, it has also led to an increased focus on the development of water-borne products,
which are known to have lesser negative impact on the environment.
Transparency Market Research estimates that the global automotive refinish coatings market will exhibit a
healthy 5.7% CAGR over the period between 2016 and 2024. At this pace, the market, which had a valuation
of US$6.6 bn in 2015, holds the prospects of rising to US$10.8 bn by 2024.
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Activators to Emerge Most Promising Product Variety in Market
On the basis of product varieties, the automotive refinish coatings market has been examined in the report for
primers, clean...