South Africa Automotive Refinish Coatings Market Introduction and Overview
According to SPER Market Research, the South Africa Automotive Refinish Coatings Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the South Africa Automotive Refinish Coatings Market, including market size and trends, product mix, Sources, and supplier analysis. Automotive coatings are critical enterprises of essential economies that stockpile to end-use sections, as OEMs and restoring body shops. Auto refinish coatings are polyurethane, acrylics, or alkyd-based coatings generally utilized by auto body shops and fix focuses. Such coatings are applied to old or new vehicles to conceal harms caused by outer factors, like, environment, street conditions, and mishaps. For instance, cutting-edge covering materials that are eco-accommodating and have low solvent content are being created. Automotive refinish coatings are fundamentally utilized in auto body shops and fixed places for revamping vehicles. The Car revamp coatings market likewise upgrades the presence of vehicles and works on their toughness, alongside developing interest in sporting vehicles and an expansion in the number of vehicle impacts for a huge scope. Car revamp coatings cover the canvas of vehicles, trucks, or different vehicles, somewhat or absolutely, and of single pieces of vehicles, frequently after mechanical or coachwork fix.
- June 2022: AkzoNobel chose to extend its presence in Africa by marking an agreement with Kansai Paint and beginning its coatings-related tasks thereon. With Kansai Paints, AkzoNobel had the option to construct an establishment for future market extension and create 280 million euros in deals. Furthermore, this organization underscored its obligation to advancement and supportability and led to the extension of items and the arrangement of proper answers for clients.
- September 2021: Axalta Covering Frameworks LLC effectively finished the recently reported obtaining of U-POL Holdings Limited (U-POL). The obtaining of U-POL, a main provider of paints, defensive coatings, and frill essentially for the auto post-retail reinforces Axalta's worldwide revamp administrative role and supports its more extensive development technique.
Market Opportunities and Challenges
Opportunities- The market blossoms with the opportunity presented by high-strong formulations, offering unrivalled completion quality and decreased emanations. High-quality finishes improve the tasteful allure of restored vehicles, meeting customer assumptions. All the while, the reception of low-emanation, high-strong coatings lines up with natural guidelines and supportability objectives. This positions maker well, as they take special care of both execution-driven customer requests and the business' developing accentuation on eco-accommodating arrangements, making an upper hand and expanding market opportunities. Besides, headways in covering advances and natural guidelines impact the interest in car refinish coatings. Makers are persistently developing to meet the advancing requirements of the car business and address worries about ecological effects. Mechanical progressions have prompted the advancement of elite execution to restore coatings that offer prevalent solidness, variety exactness, and ecological manageability.
Challenges- Stringent environmental guidelines and the rising spotlight on manageability introduced a striking test for the car refinish coatings market. South African government executed stricter guidelines regarding the outflow of volatile organic compounds (VOCs) and risky air contaminations. This incited the business to create and take on additional eco-friendly coatings with diminished VOC content. While these coatings line up with supportability objectives, their greater expense and specialized difficulties presented imperatives on market development. Raised VOC levels add to ecological contamination and well-being concerns. Stricter guidelines on outflows require the improvement of low-VOC plans, adding intricacy to item advancement. Makers should explore this test by putting resources into eco-accommodating advancements and cycles to guarantee consistency, fulfill supportability guidelines, and address developing natural awareness among shoppers and administrative bodies.
Market Competitive Landscape
The South Africa Automotive Refinish Coatings Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are 3M Company, AkzoNobel N.V, Covestro AG, Dow Chemical Company, KAPCI Coatings, Kansai Paint Co, Nippon Paint Holdings Co, PPG Industries, The Sherwin-Williams Company and others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Material Type, By Product Type, By Technology
|
| Regions covered | Gauteng, Western Cape, KwaZulu-Natal, Eastern Cape, Northern Cape, Limpopo, Mpumalanga, North West
|
| Companies Covered | 3M Company, AkzoNobel N.V, Covestro AG, Dow Chemical Company, KAPCI Coatings, Kansai Paint Co, Nippon Paint Holdings Co, PPG Industries, Inc, The Sherwin-Williams Company.
|
COVID-19 Impact on South Africa Automotive Refinish Coatings Market
The market for South Africa Automotive Refinish Coatings market has been significantly impacted by the COVID-19 outbreak. The market for South Africa Automotive Refinish Coatings saw a decline in demand as a result of rise in remote work and restrictions on transport. The pandemic has likewise also caused disturbances in the market as coating facilities also faced problems due to operational constraints.
Key Target Audience:
- Automotive Repair Shops
- Automobile Manufacturers
- Fleet Operators
- DIY Enthusiasts
- Distributors and Retailers
- Industrial Coating Providers
- Environmental Agencies
Our in-depth analysis of the South Africa Automotive Refinish Coatings Market includes the following segments:
| By Material Type: | PolyurethaneAcrylicsAlkydNitrocellulose Others |
| By Product Type: | Commercial TentsPrimerBase CoatTop CoatClear CoatFillersOthers |
| By Technology: | Solvent BorneWater BorneUV CareOthers |
Key Topics Covered in the Report:
- South Africa Automotive Refinish Coatings Market Size (FY’2024-FY’2033)
- Overview of South Africa Automotive Refinish Coatings Market
- Segmentation of South Africa Automotive Refinish Coatings Market by Material Type (Polyurethane, Acrylics, Alkyd, Nitrocellulose and Others)
- Segmentation of South Africa Automotive Refinish Coatings Market by Product Type (Commercial Tents, Primer, Base Coat, Top Coat, Clear Coat, Fillers and Others)
- Segmentation of South Africa Automotive Refinish Coatings Market by Technology (Solvent Borne, Water Borne, UV Care, and others)
- Statistical Snap of South Africa Automotive Refinish Coatings Market
- Expansion Analysis of South Africa Automotive Refinish Coatings Market
- Problems and Obstacles in South Africa Automotive Refinish Coatings Market
- Competitive Landscape in the South Africa Automotive Refinish Coatings Market
- Impact of COVID-19 and Demonetization on South Africa Automotive Refinish Coatings Market
- Details on Current Investment in South Africa Automotive Refinish Coatings Market
- Competitive Analysis of South Africa Automotive Refinish Coatings Market
- Prominent Players in the South Africa Automotive Refinish Coatings Market
- SWOT Analysis of South Africa Automotive Refinish Coatings Market
- South Africa Automotive Refinish Coatings Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South Africa Automotive Refinish Coatings Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Africa Automotive Refinish Coatings Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Africa Automotive Refinish Coatings Market
7. South Africa Automotive Refinish Coatings Market, By Material Type (USD Million) 2020-2033
7.1. South Africa Automotive Refinish Coatings Market Size, Share and Forecast, By Material Type, 2020-2026
7.2. South Africa Automotive Refinish Coatings Market Size, Share and Forecast, By Material Type, 2027-2033
7.3. Polyurethane
7.4. Acrylics
7.5. Alkyd
7.6. Nitrocellulose
7.7. Others
8. South Africa Automotive Refinish Coatings Market, By Product Type (USD Million) 2020-2033
8.1. South Africa Automotive Refinish Coatings Market Size, Share and Forecast, By Product Type, 2020-2026
8.2. South Africa Automotive Refinish Coatings Market Size, Share and Forecast, By Product Type, 2027-2033
8.3. Commercial Tents
8.4. Primer
8.5. Base Coat
8.6. Top Coat
8.7. Clear Coat
8.8. Fillers
8.9. Others
9. South Africa Automotive Refinish Coatings Market, By Technology (USD Million) 2020-2033
9.1. South Africa Automotive Refinish Coatings Market Size, Share and Forecast, By Technology, 2020-2026
9.2. South Africa Automotive Refinish Coatings Market Size, Share and Forecast, By Technology, 2027-2033
9.3. Solvent Borne
9.4. Water Borne
9.5. UV Care
9.6. Others
10. South Africa Automotive Refinish Coatings Market Forecast, 2020-2033 (USD Million)
10.1. South Africa Automotive Refinish Coatings Market Size and Market Share
11. South Africa Automotive Refinish Coatings Market, By Region, 2020-2033 (USD Million)
11.1. South Africa Automotive Refinish Coatings Market Size and Market Share By Region (2020-2026)
11.2. South Africa Automotive Refinish Coatings Market Size and Market Share By Region (2027-2033)
11.3. Gauteng
11.4. Western Cape
11.5. KwaZulu-Natal
11.6. Eastern Cape
11.7. Northern Cape
11.8. Limpopo
11.9. Mpumalanga
11.10. North West
12. Company Profile
12.1. 3M Company
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. AkzoNobel N.V
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Covestro AG
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Dow Chemical Company
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. KAPCI Coatings
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Kansai Paint Co
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Nippon Paint Holdings Co
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. PPG Industries
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. The Sherwin-Williams Company
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
