Global Automotive Refinish Coatings Market 2014-2018 with AkzoNobel NV, Axalta Coating Systems LLC, BASF SE, PPG Industries Dominating - NBC12.com - Richmond, VA News

Global Automotive Refinish Coatings Market 2014-2018 with AkzoNobel NV, Axalta Coating Systems LLC, BASF SE, PPG Industries Dominating

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SOURCE Research and Markets

DUBLIN, May 9, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/64c95l/global_automotive) has announced the addition of the "Global Automotive Refinish Coatings Market 2014-2018" report to their offering. 

     (Logo: http://photos.prnewswire.com/prnh/20130307/600769 )

Growing preference for water-based coatings is expected to drive market growth during the forecast period. An increase in the demand for such products can be attributed to stringent environmental regulations, particularly in geographies such as North America and Europe. The main aim of such regulations is to reduce volatile organic content in coatings; consequently, there has been a decrease in demand for solvent-based coatings. Although water-based coatings have certain limitations such as low chemical resistance, surface performance, and flexibility, low resistance to low temperatures, and high drying time, vendors are trying to improve these products.

According to the report, many factors are contributing to the growth of the Global Automotive Refinish Coatings market, of which an increase in the number of operating vehicles in countries such as India, China, Brazil, and Russia is the most important driver. Poor road safety standards in these countries have increased the rate of accidents, and therefore the demand for automotive refinish coatings from automotive body shops and collision repair centers.

Further, the report states that the unfavorable effect of the global economic recession is one of the major challenges. This has resulted in a reduction in consumer spending on automobile repairs and refinishing.

Data on the different segments of the Global Automotive Refinish Coatings market, based on:

  • Vehicle Age
  • Product Type
  • Technology
  • Geography

Key Vendors 

  • AkzoNobel NV
  • Axalta Coating Systems LLC
  • BASF SE
  • PPG Industries Inc.

Other Prominent Vendors 

  • 3M Co.
  • Bayer Material Science AG
  • Kansai Paint Co. Ltd.
  • KCC Corp.
  • Matrix System Automotive Finishes LLC
  • Nippon Paint
  • NOROO Paint & Coatings Co. Ltd.
  • SEM Products Inc.
  • The Sherwin-Williams Co.
  • The Valspar Corp.

Key Topics Covered:  

  1. Executive Summary
  2. List of Abbreviations
  3. Scope of the Report
  4. Market Research Methodology
  5. Introduction
  6. Market Landscape
  7. Market Segmentation by Vehicle Age
  8. Market Segmentation by Product Type
  9. Market Segmentation by Technology
  10. Geographical Segmentation
  11. Buying Criteria
  12. Market Growth Drivers
  13. Drivers and their Impact
  14. Market Challenges
  15. Impact of Drivers and Challenges
  16. Market Trends
  17. Trends and their Impact
  18. Vendor Landscape
  19. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/64c95l/global_automotive

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net

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