Dallas, Texas (PRWEB) June 09, 2014
A growing preference for water-based coatings is expected to drive market growth during the forecast period. An increase in the demand for such products can be attributed to stringent environmental regulations, particularly in geographies such as North America and Europe. The main aim of such regulations is to reduce volatile organic content in coatings; consequently, there has been a decrease in demand for solvent-based coatings. Although water-based coatings have certain limitations such as low chemical resistance, surface performance, and flexibility, low resistance to low temperatures, and high drying time, vendors are trying to improve these products.
According to the report, many factors are contributing to the growth of the Global Automotive Refinish Coatings market, of which an increase in the number of operating vehicles in countries such as India, China, Brazil, and Russia is the most important driver. Poor road safety standards in these countries have increased the rate of accidents, and therefore the demand for automotive refinish coatings from automotive body shops and collision repair centers.
This report covers the present scenario and the growth prospects of the Global Automotive Refinish Coatings market for the period 2014-2018.
To arrive at a ranking for the leading vendors in the market and to calculate market size, the report considers the revenue generated by vendors through the sales of automotive refinish coatings. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Global Automotive Refinish Coatings market. It also provides data on the different segments of the Global Automotive Refinish Coatings market, based on: