North America is the largest region for the polyurethane segment of the automotive refinish coating market. Alkyd is the second-largest in terms of resin-type segments, but it is poised to lose market share in the medium term. Along with North America, the Europe alkyd segment of the automotive refinish coating market is predicted to cross $1 billion at the end of the forecast period—the only other region to do so.

Heavy- and light-commercial vehicles have a relatively similar market share in the automotive refinish coating market by vehicle type. While both are estimated to lose market share points, the drop should be considerably steeper in the heavy-commercial segment. The heavy-commercial segment is projected to grow with a lower CAGR of roughly 5% until 2022.

A battle for supremacy is being waged between compact and mid-sized passenger cars in the automotive refinish coating market, with the latter inching ahead. An absolute dollar opportunity of more than $855 million exists in the mid-sized passenger car segment of the automotive refinish coating market for the five-year period. Mid-sized passenger cars are typically preferred in North America and Europe, since these regions are well-developed and customers are less price-sensitive than their counterparts in emerging economies.

The primer segment has a revenue share of roughly one-third of the automotive refinish coating market by coating structure and is projected to gain substantial share throughout the study period. The North America primer market contributes one-third of the primer market and is expected to have a value of over $1.3 billion in 2022.  ASI