Automotive refinishing paint is one of the major aesthetical factors for the manufacture of a vehicle. Automotive Refinish is used for both protection of the vehicle, as well as decoration of the vehicle. The market has expanded recently owing to increased demand for differentiation of vehicles in decorative fashion along with the increased advancements in technology for the implementation of a finish for the protection of the vehicle. Keeping in mind that aesthetics is a major component of the finish application, there has been development of various varieties of finishing like matte, gloss, metal and more. Some types of automotive finishing not only make the car look better but are also capable of protecting from dust, dirt, making damage look less visible, hide scratches and absorb heat. Water-based acrylic polyurethane enamel paint is currently the most widely used paint. The finishing a car gets today is gaining more importance which is expected to generate significant future demand for automotive finishing that is capable of withstanding difficult environmental conditions and is capable of improving the visual appeal of the vehicle.
The report splits the market based on various categories for segmentation. The segmentation based on product splits the market into Primer, Base Coat, Top Coat and Clear Coat. When splitting the market based on application, the end user segments are taken into account and the type of vehicle usage that is required; hence the market is segmented between Passenger Cars and Commercial Vehicles. Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also covered states export/import, supply and consumption figures as well as cost, price, revenue and gross margin by regions (Canada, U.S.A, and Others), and other regions can be added 3M, Kazoo Nobel N.V., Axalta Coating Systems, PPG Industries, Sherwin Williams Company, Dow Chemical Company, HMG Paints Limited, Covestro AG, DSM, Nippon Paint Holdings Co., Noroo Paint & Coatings, Ltd, U.S. Paint Corporation, Samhwa Paints Industrial Co. Ltd, Novol Sp. Z.o.o., The Lubrizol Corporation, WEG Group, Alps Coating Sdn. Bhd and Guangzhou Zhenroumei Chemical Coating Limited.
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Ankur Gupta, Head Marketing & Communications