Top 5 Vendors in the Automotive Refinish Coatings Market from 2017 to 2021: Technavio
LONDON, Sep. 13 /BusinessWire/ --
has announced the top five leading vendors in their recent global
automotive refinish coatings market report. This research
report also lists seven other prominent vendors that are expected to
impact the market during the forecast period.
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The global automotive refinish coatings market will witness a growth
during the forecast period, especially in the BRICS nations. APAC will
be driving the growth of the market, followed by the Americas, and EMEA.
In APAC, there is an increase in the purchase of new vehicles, owing to
the improving economy, and the better connectivity in terms of roads.
Technavio has published a new report on the global automotive refinish coatings market from 2017-2021. (Graphic: Business Wire)
Competitive vendor landscape
The prominent players in the market are keenly focusing on M&A to shield
themselves from the threat of rivalry. Although small and medium scale
vendors are coming up with innovative capabilities, the prominent
players will still have a strong foothold. The competitive environment
in the market will further intensify over the next five years with the
increase in product extensions in terms of innovation in technology.
"There is intense competition to provide the exact match of the color
and a wider range of coloring options. The level and expertise of
customization also provide a competitive edge to the vendors. Aftersales
services are also being used to garner loyal customers," says Kshama
Upadhyay, a lead paints,
coatings, and pigments research analyst from Technavio.
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Top five automotive
refinish coatings market vendors
Axalta Coating Systems
The various brands of refinish coatings offered by Axalta Coating
Systems are Standox, Spies Hecker, and Cromax. The other brands in
select countries are Challenger, Duxone, Nason, Imlar, and CorMax. They
have a refinish training academy in Welwyn Garden City, Hertfordshire
knows as Axalta refinish training academy.
Akzo Nobel launched a new water-based primer, which enables a mono-bake
satellite coil line to double its capacity by achieving a two-coat paint
system in a single pass. It has completed the expansion of its coatings
research facility in Houston, which was worth USD 3.5 million.
BASF produces and sells automotive refinish coatings for collision
repair, the automotive specialty market, and commercial fleet. The
brands offered by the company include BASF Glasurit, R-M, and LIMCO. It
caters to various end users such as automotive body shops, customizers,
restoration facilities, and commercial transportation.
PPG Industries provides coating solutions to customers in diverse
end-user markets. This sector caters to the aerospace, architectural
coatings, marine coatings, industrial coatings, and automotive coatings
industries. The company offers collision and commercial transport
The Sherwin-Williams Company
The Sherwin-Williams Company is a provider of coating solutions and
advanced paints. It specializes in the development, manufacture,
distribution, and sale of paints, coatings, and related products to
professional, industrial, retail customers. The company provides
different products for collision repair, custom finishes, OEM interior,
and fleet refinishing under its automotive finishes product category.
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