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  4. > World Automotive Refinish Coatings Market - Opportunities and Forecast, 2014 - 2020

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 marketQuantitative analysis of the current market and estimations during 2014-2020 have been provided to highlight the financial caliber of the marketDrivers 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 marketValue chain analysis in the report provides a clear understanding to the stakeholders involved in the marketGeographical analysis provides a thorough understanding of the consumption of automotive refinish coatings in major regionsKey Market SegmentsGlobal Automotive Refinish Coatings Market by Product TypesPrimerBasecoatClearcoatActivatorFiller & PuttyOthers Global Automotive Refinish Coatings Market by TechnologySolvent-borne CoatingsWater-borne CoatingsUV-cured Coatings Global Automotive Refinish Coatings Market by ResinPolyurethaneAlkydAcrylicOthersGlobal Automotive Refinish Coatings Market by GeographyNorth AmericaEuropeAsia-PacificLAMEA

Table Of Contents

World Automotive Refinish Coatings Market - Opportunities and Forecast, 2014 - 2020
CHAPTER 1 INTRODUCTION1.1 Report description1.2 Key market segment1.3 Key benefits1.4 Research methodology1.4.1 Secondary research1.4.2 Primary research1.4.3 Analyst tools and modelsCHAPTER 2 EXECUTIVE SUMMARY2.1 CXO perspective2.2 Market Beyond: what to expect by 20252.2.1 Moderate growth scenario2.2.2 Rapid growth scenario2.2.3 Critical growth scenarioCHAPTER 3 MARKET OVERVIEW3.1 Market definition and scope3.2 Automotive refinishing coatings: Emerging Economies3.3 Analysis based on vehicle age3.4 Key Findings3.4.1 Top impacting factors3.4.2 Top investment pockets3.4.3 Top winning strategies3.5 Porters five forces analysis3.5.1 Lower bargaining power of supplier3.5.2 High bargaining power of buyer3.5.3 Threat of new entrants3.5.4 Competitive Rivalry3.5.1 Very weak threat of substitutes3.6 Value chain analysis3.7 Market share analysis,20143.7.1 Coatings resin3.7.2 Automotive refinish coatings3.8 Impact of government regulations3.9 Price trend analysis of coating resin3.10 Actual benchmark product (resin) in the market - global (product name and manufacturer)3.11 Drivers3.11.1 Rising disposable income3.11.2 Rising number of vehicle collision3.11.3 Growing demand for recreational vehicle3.12 Restrains3.12.1 Stringent regulatiosn for Volatile Organic Compound (VOC) Emission3.12.2 Improving road infrastructure3.13 Opportunities3.13.1 Development of environmental friendly technologies3.13.2 Progressive InnovationCHAPTER 4 GLOBAL AUTOMOTIVE REFINISH COATING MARKET BY TECHNOLOGY4.1 Solvent-borne coatings4.1.1 Key market trends4.1.2 Key growth factors and opportunities4.1.3 Market size and forecast4.2 Water-borne coatings4.2.1 Key market trends4.2.2 Key growth factors and opportunities4.2.3 Market Size and Forecast4.3 Others (UV cured Coatings)4.3.1 Key market trends4.3.2 Key growth factors and opportunities4.3.1 Market Size and ForecastCHAPTER 5 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY RESIN TYPE5.1 Market size and forecast5.2 Polyurethane5.2.1 Key market trends5.2.2 Key growth factors and opportunities5.2.3 Market size and forecast5.3 Alkyd5.3.1 Key market trends5.3.2 Key growth factors and opportunities5.3.3 Market size and forecast5.4 Acrylic5.4.1 Key market trends5.4.2 Key growth factors and opportunities5.4.3 Market Size and Forecast5.5 Others (Nitrocellulose and epoxy)5.5.1 Nitrocellulose5.5.2 Epoxy5.5.3 Market Size and ForecastCHAPTER 6 GLOBAL AUTOMOTIVE REFINISH COATINGS MARKET, BY COAT TYPE6.1.1 Market size and forecast6.2 Primer andamp; Filler6.2.1 Key market trends and developments6.2.2 Key growth factors and opportunities6.2.3 Market size and forecast6.3 Basecoat6.3.1 Key market trends6.3.2 Key growth factors and opportunities6.3.3 Market size and forecast6.4 Clear coat6.4.1 Key market trends6.4.2 Key growth factors and opportunities6.4.3 Market size and forecast6.5 Activator/Hardners6.5.1 Key market trends6.5.2 Key growth factors and opportunities6.5.3 Market size and forecast6.6 Others6.6.1 Market size and forecastCHAPTER 7 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY GEOGRAPHY7.1.1 Market size and forecast7.2 North America7.2.1 Key market trends7.2.2 Key growth factors and opportunities7.2.3 Market size and forecast7.3 Europe7.3.1 Key market trends7.3.2 Key growth factors and opportunities7.3.3 Market size and forecast7.4 Asia Pacific7.4.1 Key market trends7.4.2 Key growth factors and opportunities7.4.3 Market size and forecast7.4.4 Chinaandnbsp;7.5 LAMEA7.5.1 Key market trends7.5.2 Key growth factors and opportunities7.5.3 Market size and forecastCHAPTER 8 AUTOMOTIVE REFINISH PRODUCT PORTFOLIO OF MAJOR PLAYERS8.1 3M Co.8.2 AkzoNobel NV8.3 Axalta Coatings Systems LLC8.4 BASF8.5 Kansai Paint Co. Ltd.8.6 Matrix Systems Automotive Finishes LLC8.7 Nippon Paint8.8 PPG Industries Inc.CHAPTER 9 COMPANY PROFILE9.1 Axalta Coating System9.1.1 Company overview9.1.2 Axalta Coating System segment overview9.1.3 Financial performance9.1.4 Strategic moves and developments9.1.5 SWOT analysis and strategic deductions9.2 PPG Industries9.2.1 Company overview9.2.2 PPG Industries Segment Overview9.2.3 Financial performance9.2.4 Strategic moves and developments9.2.5 SWOT analysis and strategic deductions9.3 Mitsui Chemicals9.3.1 Company overview9.3.2 Operating business segment overview9.3.3 Financial performance9.3.4 SWOT analysis and strategic deductions9.4 Matrix System Automotive Finishes LLC9.4.1 Company overview9.4.2 Matrix System segment overview9.4.3 Strategic moves and developments9.4.4 SWOT analysis and strategic deductions9.5 Kansai Paint Co. Ltd.9.5.1 Company Overview9.5.2 Financial performance9.5.3 Strategic moves and developments9.5.4 SWOT analysis of Kansai Paint Co. Ltd.9.6 Nippon Paint.9.6.1 Company overview9.6.2 Financial performance9.6.3 Strategic moves and developments9.6.4 SWOT analysis of Nippon Paint9.7 BASF SE9.7.1 Company overview9.7.2 Financial performance9.7.3 Strategic moves and developments9.7.4 SWOT analysis of BASF SE9.8 Sherwin-Williams9.8.1 Company overview9.8.2 Financial performance9.8.3 Key Strategies and developments9.8.4 SWOT analysis of Sherwin-Williams9.9 3M Co.9.9.1 Company overview9.9.2 Financial performance9.9.3 SWOT analysis of 3M CompanyLIST OF FIGURESFIG. 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 MARKETFIG. 5 TOP INVESTMENT POCKET IN AUTOMOTIVE REFINISH COATING MARKETFIG. 6 TOP WINNING STRATEGIES FOR GLOBAL AUTOMOTIVE REFINISH COPATINGS MARKET (2011-2015)FIG. 7 TOP WINNING STRATEGIRS BY COMPANYFIG. 8 PORTER FIVE FORCE ANALYSISFIG. 9 VALUE CHAIN ANALYSIS OF GLOBAL AUTOMOTIVE REFINISH COATINGS MARKETFIG. 10 MARKET SHARE ANALYSIS, GLOBAL COATING RESIN MARKET-2014FIG. 11 MARKET SHARE ANALYSIS, GLOBAL AUTOMOTIVE REFINISH COATING MARKET-2014FIG. 12 AUTOMOTIVE REFINISH COATING RESIN PRICE ANALYSIS ($/KG) (2008-2014)FIG. 13 BENCHMARK ANALYSISFIG. 14 ALLNEX BENCHMARK ANALYSISFIG. 15 ARKEMA BENCHMARK ANALYSISFIG. 16 DSM BENCHMARK ANALYSISFIG. 17 BAYER BENCHMARK ANALYSISFIG. 18 DOW CHEMICALS BENCHMARK ANALYSISFIG. 19 USED CAR SALES IN DIFFERENT COUNTRIESFIG. 20 NIPPON PAINT REFINISH PRODUCT PORTFOLIOFIG. 21 KEY FINANCIALS OF DSM ($MILLION) IN 2010-14FIG. 22 FINANCIAL REVENUES OF AXALTA BY SEGMENTS (2014)FIG. 23 SWOT ANALYSIS OF AXALTA COATING SYSTEMFIG. 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 INDUSTRIESFIG. 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 CHEMICALSFIG. 31 SWOT ANALYSIS OF MATRIX SYSTEMFIG. 32 KANSAI PAINT ANNUAL REVENUE, $MILLION, 2010-2014FIG. 33 KANSAI PAINT REVENUE CONTRIBUTION, BY SEGMENT-2014FIG. 34 SWOT ANALYSIS OF KANSAI PAINT CO LTDFIG. 35 NIPPON PAINT ANNUAL REVENUE, $MILLIONFIG. 36 REVENUES CONTRIBUTION OF NIPPON PAINT, BY GEOGRAPHY- 2014FIG. 37 SWOT ANALYSIS OF NIPPON PAINTFIG. 38 BASF SE ANNUAL REVENUE, $BILLION, 2010-2014FIG. 39 SWOT ANALYSIS OF BASF SEFIG. 40 SHERWIN-WILLIAMS SALES, BY YEARFIG. 41 SWOT ANALYSIS OF SHERWIN-WILLIAMSFIG. 42 SWOT ANALYSIS OF 3M COMPANYLIST OF TABLESTABLE 1 GLOBAL AUTOMOTIVE REFINISH COATING MARKET VOLUME, BY GEOGRAPHY, 2014-2021, (MILLION LITER)TABLE 2 GLOBAL AUTOMOTIVE REFINISH COATING MARKET VALUE, BY GEOGRAPHY, 2014-2021, ($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 ($MILLION)TABLE 9 VOC CONCENTRATION LIMITS IN CANADA:TABLE 10 DISPOSABLE INCOMES OF LEADING COUNTRIES (2012)TABLE 11 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VOLUME (MILLION LITER), 2014-2021TABLE 12 GLOBAL AUTOMOTIVE REFINISH COATING MARKET,BY TECHNOLOGY, VALUE 2014-2021 ($MILLION )TABLE 13 GLOBAL SOLVENT BORNE AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021TABLE 14 GLOBAL SOLVENT BORNE AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021TABLE 15 GLOBAL WATER BORNE AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021TABLE 16 GLOBAL WATER BORNE AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021TABLE 17 GLOBAL UV CURED AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021TABLE 18 GLOBAL UV CURED AUTOMOTIVE REFINISH COATING TECHNOLOGY MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021TABLE 19 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY RESIN TYPE, VOLUME (MILLION LITER), 2014-2021TABLE 20 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY RESIN TYPE, REVENUE ($MILLION), 2014-2021TABLE 21 GLOBAL AUTOMOTIVE REFINISH POLYURETHANE RESIN MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021TABLE 22 GLOBAL AUTOMOTIVE REFINISH POLYURETHANE RESIN MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021TABLE 23 GLOBAL AUTOMOTIVE REFINISH ALKYD RESIN MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021TABLE 24 GLOBAL AUTOMOTIVE REFINISH ALKYD RESIN MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021TABLE 25 GLOBAL AUTOMOTIVE REFINISH ACRYLIC RESIN MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021TABLE 26 GLOBAL AUTOMOTIVE REFINISH ACRYLIC RESIN MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021TABLE 27 GLOBAL AUTOMOTIVE REFINISH OTHERS RESIN MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021TABLE 28 GLOBAL AUTOMOTIVE REFINISH OTHERS RESIN MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021TABLE 29 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY COAT TYPE, VOLUME (MILLION LITER), 2014-2021TABLE 30 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY COAT TYPE, REVENUE ($MILLION), 2014-2021TABLE 31 GLOBAL PRIMER andamp; FILLERS AUTOMOTIVE REFINISH COATING MARKET, VOLUME (MILLION LITER) AND REVENUE ($MILLION), 2014-2021TABLE 32 GLOBAL BASECOAT AUTOMOTIVE REFINISH COATING MARKET, VOLUME (MILLION LITER) AND REVENUE ($MILLION), 2014-2021TABLE 33 GLOBAL CLEARCOAT AUTOMOTIVE REFINISH COATING MARKET, VOLUME (MILLION LITER) AND REVENUE ($MILLION), 2014-2021TABLE 34 GLOBAL ACTIVATOR AUTOMOTIVE REFINISH COATING MARKET, VOLUME (MILLION LITER) AND REVENUE ($MILLION), 2014-2021TABLE 35 GLOBAL OTHER COAT AUTOMOTIVE REFINISH COATING MARKET, VOLUME (MILLION LITER) AND REVENUE ($MILLION), 2014-2021TABLE 36 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY GEOGRAPHY, VOLUME (MILLION LITER), 2014-2021TABLE 37 GLOBAL AUTOMOTIVE REFINISH COATING MARKET, BY GEOGRAPHY, REVENUE ($MILLION), 2014-2021TABLE 38 NORTH AMERICA AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VOLUME (MILLION LITER), 2014-2021TABLE 39 NORTH AMERICA AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VALUE ($MILLION), 2014-2021TABLE 40 EUROPE AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VOLUME (MILLION LITER), 2014-2021TABLE 41 EUROPE AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, REVENUE ($MILLION), 2014-2021TABLE 42 ASIA-PACIFIC AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VOLUME (MILLION LITER), 2014-2021TABLE 43 ASIA-PACIFIC AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, REVENUE ($MILLION), 2014-2021TABLE 44 LAMEA AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, VOLUME (MILLION LITER), 2014-2021TABLE 45 LAMEA AUTOMOTIVE REFINISH COATING MARKET, BY TECHNOLOGY, REVENUE ($MILLION), 2014-2021TABLE 46 3M CO. REFINISH PRODUCT PORTFOLIOTABLE 47 AKZONOBEL NV REFINISH PRODUCT PORTFOLIOTABLE 48 AXALTA COATINGS SYSTEMS LLC REFINISH PRODUCT PORTFOLIOTABLE 49 BASF REFINISH PRODUCT PORTFOLIOTABLE 50 KANSAI PAINT CO. LTD.REFINISH PRODUCT PORTFOLIOTABLE 51 MATRIX SYSTEMS AUTOMOTIVE FINISHES LLC REFINISH PRODUCT PORTFOLIOTABLE 52 PPG INDUSTRIES INC. REFINISH PRODUCT PORTFOLIOTABLE 53 AXALTA COATING SYSTEM SNAPSHOTTABLE 54 AXALTA COATING SYSTEM OPERATING SEGMENTSTABLE 55 PPG INDUSTRIES SNAPSHOTTABLE 56 PPG INDUSTRIES OPERATING SEGMENTSTABLE 57 MITSUI CHEMICALS SNAPSHOTTABLE 58 MITSUI CHEMICALS OPERATING SEGMENTSTABLE 59 MATRIX SYSTEM SNAPSHOTTABLE 60 MATRIX SYSTEM OPERATING SEGMENTSTABLE 61 KANSAI PAINT CO LTD. SNAPSHOTTABLE 62 NIPPON PAINT SNAPSHOTTABLE 63 BASF SE SNAPSHOTTABLE 64 SHERWIN-WILLIAMS SNAPSHOTTABLE 65 3M CO. SNAPSHOTTABLE 66 3M CO SALES, BY YEAR

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