Asia-Pacific Refinished Paints Market, By Resin (Epoxy, Acrylic, Polyurethane, Others), Technology (Water Borne, Powder, Solvent Borne), Layer (Basecoat, Primer, Clear Coat, Sealer), Vehicle (Light Commercial Vehicle, Truck, Bus, Passenger Car), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Market Analysis and Insights : Asia-Pacific Refinished Paints Market
Asia-Pacific refinished paints market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market growth at a CAGR of 5.3% in the above mentioned forecast period.
The rising of repairs and the maintenance activities, increase in the demand of the vehicles within the market, and growing demand for the recreational vehicles and refinished paints are produced from additives, pigments, resins, and solvents. These are generally used in the automotive industry whereas aerospace and automotive require to get serviced frequently to recover damages whereas rising number of accidents and the high adoption rate of new technology will be driving factor for the market.
The technological development in the refinished paints and increased adoption of the growth strategies by the key players are going to create a lot of resistances in the market.
Moreover, rising number of automotive industries along with the high disposable income and rising need for environment friendly product such as waterborne paints are less toxic than solvent based paints. In addition, technological advancement and innovation of new products will create lucrative opportunities for market during forecast period. However stringent regulatory policies and frequent fluctuations in prices of raw materials are restraining factor for market whereas lack of skilled professionals for dealing with complication in applying paints is challenging factor.
This Asia-Pacific refinished paints market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research Asia-Pacific refinished paints market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Refinished Paints Market Scope and Market Size
Asia-Pacific refinished paints market is segmented on the basis of resin, technology, layer and vehicle. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin, the refinished paints market is segmented into epoxy, acrylic, polyurethane and others.
- On the basis of technology, the refinished paints market is segmented into water borne, powder, and solvent based.
- On the basis of layer, the refinished paints market is segmented into basecoat, primer, clear coat, and sealer.
- On the basis of vehicle, the refinished paints market is segmented into light commercial vehicle, truck, bus, and passenger car.
Asia-Pacific Refinished Paints Market Country Level Analysis
Asia-Pacific refinished paints market is analysed and market size, volume information is provided by country, resin, technology, layer and vehicle as referenced above.
The countries covered in the Asia-Pacific refinished paints market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific.
The China is anticipated to dominate Asia-Pacific refinished paints market share owing to the presence of key players and high disposable income whereas rising number of vehicle owners and rising need for repairing and services of vehicle due to increasing accident will boost region market growth.
The country section of the Asia-Pacific refinished paints market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific refinished paints market Share Analysis
Asia-Pacific refinished paints market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance.
The major players covered in the Asia-Pacific refinished paints market report are 3M, AkzoNobel NV., Alpscoatings, Axalta, BASF SE, BESA, Donglai Coating Technology Ltd., HMG Paints Limited, James Brigg Ltd., Kansai Paints Co. Ltd., Kapci Coatings, KCC Paints, The Lubrizol Corporation, MIPA SE, NIPSEA GROUP, NOROO Paint & Coatings Co. Ltd., Alpscoating, NOVOL, Samhwa Paints Industrial Co. Ltd., The Sherwin Williams Company, TOA Performance Coating Corporation, WEG, PPG Industries Inc., and Cresta Paint Industries Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Asia-Pacific Refinished Paints Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.