Global Refinished Paints Market is expected to reach USD 9,477.85 Million by 2025 from USD 6,900.00 Million in 2017, at a CAGR of 4.2% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The global refinished paints market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Axalta Coating Systems, LLC, dominated the refrigerant market accounting for a highest market share in 2016, followed by PPG INDUSTRIES, Akzo Nobel N.V., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd. and BASF SE. Other players in this market include Donglai., Novol SP. Z o.o., Noroo Paint & Coatings Co., Ltd. (subsidiary of noroo holdings co., ltd.), the Lubrizol Corporation, Nippon Paint Holdings Co., Ltd., KCC Corporation., Mipa SE, Cresta Paint Industries LTD., Alpscoating., Guangzhou Zhenroumei Chemical Coating Limited, KAPCI Coatings, PPG Industries, Inc., 3M, Kansai Paint CO.,LTD among others.
PPG INDUSTRIES, INC.:
Founded in 1883 and headquartered in Pennsylvania, U.S. PPG Industries, Inc. company is engaged in supplying of paints, coatings, optical products, and specialty materials. The company operates in two business segment namely Performance Coatings and Industrial Coatings. Performance coatings segment offers various coatings products and services for automotive refinish, commercial coatings and custom finishes .The automotive refinish coating have various automotive coating technologies such as cathodic electrocoat, powder clearcoat, compact paint systems and factory-applied spray-in bed liners, The company offers its services in aerospace, architectural coatings, automotive OEM coatings, automotive refinish, industrial coatings, packaging coatings, protective and marine coatings, specialty coatings and materials. The company operates 133 manufacturing facilities in 39 countries around the globe. The company’s research and development centres are located in Allison Park, Pa., Monroeville, Pa., Burbank, Calif., Tianjin, China, Amsterdam, Netherlands and Tepexpan, Mexico.
Some of its subsidiaries are Glidden (U.S.), Comex (Mexico), PRC-DeSoto International, Inc. (U.S.), PPG Industrial Coatings B.V. (Netherlands), Metokote Corporation (U.S.), LAGOS - PITTSBURGH PAINTS (Nigeria), PPG Architectural Coatings (U.K.) and many others. The products offered by the company have certifications such as ISO 9001, ISO 14001 and OHSAS 18001 certifications of integrated management systems and for largest Polish producer of industrial coatings. The company has its presence in Asia Pacific, Europe, Middle East and Africa, Latin America, and North America.
Recent Developments:
- In March 2018, PPG Industries, Inc. (U.S.) involved in supplying of paints, coatings, optical products, and specialty materials launched new product EST900 DTM Chassis Black Topcoat for effective metal protection. EST900, based on advanced technological polyurethane development. It will help in enhancing productivity and reducing costs.
BASF SE:
Founded in 1865 and headquartered at Ludwigshafen, Germany. BASF SE is deals in agriculture, automotive & transportation, paints & coatings, chemicals, construction, electronics & electric, energy & resources, furniture & wood, home care and cleaning, nutrition, packaging & print, personal care & hygiene, pharmaceuticals, plastics & rubber, pulp & paper, leather, footwear & textile and others. The company operates in five business segment namely Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. Its functional materials and solutions include battery materials, catalysts, polyurethane systems, concrete admixtures, concrete admixtures, surface treatment solutions and others. Its performance products offer engineering plastic, polyurethane, biodegradable plastic and thermo-plastic for fiber-reinforced composites. The automotive refinish coating offers various products and services such as norbin, r-m paint system and glasurit.
BASF Group have more than 80 countries as a subsidiaries and joint ventures and operates 390 other production sites and 6 integrated production sites and. BASF is certified for repairing OEM vehicles. Some of its subsidiaries Wintershall (Germany), Cognis (Indonesia), BASF Coatings Chemicals company (Germany), Engelhard (U.S.), BASF Plant Science (Germany), BASF Beauty Care Solutions(France), BASF India Ltd.(India), BASF Japan(Japan). BASF operates in various locations across the globe namely Europe, North America, Asia-Pacific and South America, Africa, Middle East. Some of its subsidiaries include Wintershall, Cognis, BASF Coatings, Engelhard, BASF India Ltd., PCI Augsburg GmbH, BASF Japan, Siegfried Pharma Chemikalien Minden GmbH and many more subsidiaries across the globe. . It has its global presence in North America, South America and Asia-Pacific.
Recent Developments:
- In Feb 2018, (U.S.) involved in BASF(Germany) is involved in agriculture, automotive & transportation, paints & coatings, chemicals, construction, electronics & electric, energy & resources and others launched a new product Glasurit and R-M refinish paint that make automotive refinishing more sustainable. For the biomass balance approach, and to reduce CO2 emissions.. It will help in reducing emissions by replacing fossil fuel resources with renewable ones during the production process and help in new product line for automotive refinish products.
AXALTA COATING SYSTEMS, LLC:
Founded in 1866 and headquartered in Pennsylvania, U.S. Axalta Coating Systems, LLC Company is engaged in distributing and manufacturing high performance coatings for the transportation industry. Its business segments are Performance Coatings and Transportation coatings. Performance coatings segment offers various coatings products and services such as specially-formulated water and solvent borne products and systems that are used to refinish damaged vehicles. The company offers its services in architectural coatings, automotive OEM coatings, automotive refinish, industrial coatings, packaging architectural cladding and fittings, automotive coatings, general industrial, job coaters, electrical insulation coatings, HVAC, appliances, rebar, and oil and gas pipelines and others. The automotive refinish products include putties, primers, basecoats and clear coats, combine to restore vehicles to their pristine condition. The products are ISO certified.
The company has 51 manufacturing facilities, 4 global technology centres and 47 customer training centres. It has more than 1000 patents. It has its presence in Asia Pacific, Europe, Middle East and Africa, Latin America and North America. Some of its subsidiaries are DuWest Performance Coatings (U.S.), Dura Coat Products, Inc. (U.S.), and Plascoat Systems (U.k.), Spencer Coatings Limited (U.K.), Axalta Coating Systems UK Limited (U.K.), Axalta Coating Systems Germany GmbH (Germany), DuPont Performance Coatings Austria GmbH (Austria) and others.
Recent Developments:
- In April 2018, Axalta (U.S.) involved in manufacturing, marketing, and distribution of high performance coatings primarily for the transportation industry has expanded its new coating manufacturing plant in India. It will help to better serve the fast-growing automotive sector industry and increase the sales and production.
