Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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Asia-Pacific Refinished Paints Market, By Resin Type (Polyurethane Resin, Epoxy Resin, Acrylic Resin), Technology (Solvent borne Coating, Waterborne Coating, Powder Coating), Layer (Basecoat, Primer, Clear Coat, Sealer), Vehicle (Light Commercial Vehicle, Truck, Bus, Passenger Car), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific)- Industry Trends and Forecast to 2029.
The refinished paints market is expected to witness market growth at a rate of 5.8% in the forecast period of 2022 to 2029. Data Bridge Market Research report on refinished paints market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in automotive sector globally is escalating the growth of refinished paints market.
The refinished paints are widely deployed among automotive body shops and repair centers to refinish the vehicles. Vehicles need to be repaired frequently for recover the damages caused by external factors such as damage due extreme temperature and accidents, and also for enhancing the appearance.
The rise in the number of vehicle sales across the region acts as one of the major factors driving the growth of refinished paints market. The increase in demand for passenger and recreational vehicles, and rise in vehicle collisions in conjunction with proclivity of owners to repair their vehicles accelerate the market growth. The implementation of new technologies and surge in demand for customized vehicles among population further influence the market. Additionally, surge in investment, increase in the disposable income, rapid urbanization and rise in automotive sector positively affect the refinished paints market. Furthermore, inclination towards water-borne refinish coatings, as they have comparatively low VOC levels extends profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, environmental issues regarding solvent-borne paints and volatility in raw material prices are expected to obstruct the market growth. The dearth of skilled professionals and stringent government regulations are projected to challenge the refinished paints market in the forecast period of 2022-2029.
This 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 localized 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, geographical expansions, technological innovations in the market. To gain more info on refinished paints market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The refinished paints market is segmented on the basis of resin type, 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.
The refinished paints market is segmented on the basis of resin type, technology, layer and vehicle.
The countries covered in the Asia-Pacific refinished paints market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
Japan dominates the Asia-Pacific refinished paints market owning to the technological advancements in the region.
The country section of the 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.
The 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, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to refinished paints market.
Some of the major players covered in the 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 others.
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Asia Pacific Refinish Paint Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Asia Pacific Refinish Paint Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in 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 price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed 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.