Global automotive refinish coatings market stood at $ 7.9 billion in 2022, & may grow with CAGR of 5.5% during forecast. Get a Free Sample.
The global automotive refinish coatings market was estimated at $ 7.9 billion in 2022, is projected to register a CAGR of 5.5% during the forecast period. Paints and coatings are used for numerous end-user industries including medical & healthcare, manufacturing, and particularly the automotive industry. The traditional paints and coatings industry use numerous chemicals, including toxic chromium. However, with the rising environmental concerns, industries are seeking more eco-friendly solutions since the majority of the chemicals are non-biodegradable and harmful to the environment. Refinish coatings are a perfect solution for this problem, as these coatings are more efficient as compared to the conventional coatings since they enhance the exterior appearance of the substrate, as well as offer increased durability to the vehicles against harsh conditions including heat, cold, corrosion, UV radiation, collision, etc. The growth of the global automotive refinish coatings market can be attributed to rising disposable income, increasing cases of vehicle collisions, and growing demand for recreational vehicles. However, strict regulations for volatile organic compound (VOC) emissions, as well as a lack of skilled professionals are hindering the growth of the global automotive refinish coatings market.
The market for automotive refinish coatings has been segmented into resin, technology, layers and region. Based on layers, the market has been segmented into surfacers, sealers, primers, activator or hardeners, undercoats, topcoats, and others. The activator or hardener sub-segment is anticipated to exhibit the highest growth rate during the forecast period on account of the growing average age of vehicles as well as the increasing automotive collision rate. Based on resins, the global automotive refinish coatings market is segmented into epoxy, acrylic, alkyd, polyurethane, polyester, vinyl, and others. Companies offering polyurethane-based refinish coatings are undertaking various business development strategies including launching new and innovative products, as well as business expansions which is aiding the growth of the polyurethane segment.
Regionally, the market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among regions, Asia-Pacific is anticipated to lead the global automotive refinish coatings market, owing to the increasing sales of pre-owned vehicles, increasing cab services, and rising number of vehicle repair and body shops in the region.
Click here to download Free sample Report@ https://www.techsciresearch.com/sample-report.aspx?cid=4014
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels, and presence of all major players operating in the global automotive refinish coatings market.
TechSci Research calculated global automotive refinish coatings market size using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details | |
| Base Year | 2021 | |
| Historical Data | 2017 – 2020 | |
| Estimated Year | 2022 | |
| Forecast Period | 2023 – 2027 | |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F | |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends | |
| Segments covered |
| |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa | |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Indonesia, Germany, France, United Kingdom, Russia, Italy, South Africa, UAE, Iran, Saudi Arabia, Brazil, Argentina, Colombia | |
| Key companies profiled | Axalta Coatings Systems, PPG Industries Inc., AkzoNobel N.V., BASF SE, Sherwin Williams, KCC Paints, Covestro, Berger Paints, Kansai Paint, Nippon Paint, NOROO Paint, Lubrizol Corporation, S.Coat, Diamond Vogel. | |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. | |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options | |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) | |
In this report, global automotive refinish coatings market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global Automotive Refinish Coatings market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
Profit Margin Analysis
Global Specialty Electronic Gases Market {2027} – Report & Market Share
Global Fatty Alcohols Market {2027}: Trends & Forecast
Global Fly Ash Market {2027}: Regional Analysis & Forecast
4.1. Factors to be considered for product selection
4.2. Factors influencing purchase decision
4.3. Challenges/issues faced post purchase
4.4. Unmet needs
6.1. Market Size and Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share and Forecast
6.2.1. By Resin (Epoxy, Acrylic, Alkyd, Polyurethane, Polyester, Vinyl, Others)
6.2.2. By Technology (Solvent-Borne, Aqueous, Powdered, Others)
6.2.3. By Layers (Surfacers, Sealers, Primers, Activator or Hardener, Undercoats, Topcoats, Others)
6.2.4. By Company
6.2.5. By Region
6.3. Market Attractive Index
7.1. Market Size and Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Resin
7.2.2. By Layers
7.2.3. By Country
7.3. China Automotive Refinish Coatings Market Outlook
7.3.1. Market Size and Forecast
7.3.1.1. By Value
7.3.1.2. By Volume
7.3.2. Market Share and Forecast
7.3.2.1. By Resin
7.3.2.2. By Layers
7.4. Japan Automotive Refinish Coatings Market Outlook
7.4.1. Market Size and Forecast
7.4.1.1. By Value
7.4.1.2. By Volume
7.4.2. Market Share and Forecast
7.4.2.1. By Resin
7.4.2.2. By Layers
7.5. India Automotive Refinish Coatings Market Outlook
7.5.1. Market Size and Forecast
7.5.1.1. By Value
7.5.1.2. By Volume
7.5.2. Market Share and Forecast
7.5.2.1. By Resin
7.5.2.2. By Layers
7.6. South Korea Automotive Refinish Coatings Market Outlook
7.6.1. Market Size and Forecast
7.6.1.1. By Value
7.6.1.2. By Volume
7.6.2. Market Share and Forecast
7.6.2.1. By Resin
7.6.2.2. By Layers
7.7. Australia Automotive Refinish Coatings Market Outlook
7.7.1. Market Size and Forecast
7.7.1.1. By Value
7.7.1.2. By Volume
7.7.2. Market Share and Forecast
7.7.2.1. By Resin
7.7.2.2. By Layers
7.8. Indonesia Automotive Refinish Coatings Market Outlook
7.8.1. Market Size and Forecast
7.8.1.1. By Value
7.8.1.2. By Volume
7.8.2. Market Share and Forecast
7.8.2.1. By Resin
7.8.2.2. By Layers
8.1. Market Size and Forecast
8.1.1. By Value and Volume
8.2. Market Share & Forecast
8.2.1. By Resin
8.2.2. By Layers
8.2.3. By Country
8.3. United Kingdom Automotive Refinish Coatings Market Outlook
8.3.1. Market Size and Forecast
8.3.1.1. By Value
8.3.1.2. By Volume
8.3.2. Market Share and Forecast
8.3.2.1. By Resin
8.3.2.2. By Layers
8.4. Italy Automotive Refinish Coatings Market Outlook
8.4.1. Market Size and Forecast
8.4.1.1. By Value
8.4.1.2. By Volume
8.4.2. Market Share and Forecast
8.4.2.1. By Resin
8.4.2.2. By Layers
8.5. France Automotive Refinish Coatings Market Outlook
8.5.1. Market Size and Forecast
8.5.1.1. By Value
8.5.1.2. By Volume
8.5.2. Market Share and Forecast
8.5.2.1. By Resin
8.5.2.2. By Layers
8.6. Germany Automotive Refinish Coatings Market Outlook
8.6.1. Market Size and Forecast
8.6.1.1. By Value
8.6.1.2. By Volume
8.6.2. Market Share and Forecast
8.6.2.1. By Resin
8.6.2.2. By Layers
8.7. Russia Automotive Refinish Coatings Market Outlook
8.7.1. Market Size and Forecast
8.7.1.1. By Value
8.7.1.2. By Volume
8.7.2. Market Share and Forecast
8.7.2.1. By Resin
8.7.2.2. By Layers
9.1. Market Size and Forecast
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share & Forecast
9.2.1. By Resin
9.2.2. By Layers
9.2.3. By Country
9.3. United States Automotive Refinish Coatings Market Outlook
9.3.1. Market Size and Forecast
9.3.1.1. By Value
9.3.1.2. By Volume
9.3.2. Market Share and Forecast
9.3.2.1. By Resin
9.3.2.2. By Layers
9.4. Mexico Automotive Refinish Coatings Market Outlook
9.4.1. Market Size and Forecast
9.4.1.1. By Value
9.4.1.2. By Volume
9.4.2. Market Share and Forecast
9.4.2.1. By Resin
9.4.2.2. By Layers
9.5. Canada Automotive Refinish Coatings Market Outlook
9.5.1. Market Size and Forecast
9.5.1.1. By Value
9.5.1.2. By Volume
9.5.2. Market Share and Forecast
9.5.2.1. By Resin
9.5.2.2. By Layers
10.1. Market Size and Forecast
10.1.1. By Value
10.1.2. By Volume
10.2. Market Share & Forecast
10.2.1. By Resin
10.2.2. By Layers
10.2.3. By Country
10.3. Brazil Automotive Refinish Coatings Market Outlook
10.3.1. Market Size and Forecast
10.3.1.1. By Value
10.3.1.2. By Volume
10.3.2. Market Share and Forecast
10.3.2.1. By Resin
10.3.2.2. By Layers
10.4. Argentina Automotive Refinish Coatings Market Outlook
10.4.1. Market Size and Forecast
10.4.1.1. By Value
10.4.1.2. By Volume
10.4.2. Market Share and Forecast
10.4.2.1. By Resin
10.4.2.2. By Layers
10.5. Colombia Automotive Refinish Coatings Market Outlook
10.5.1. Market Size and Forecast
10.5.1.1. By Value
10.5.1.2. By Volume
10.5.2. Market Share and Forecast
10.5.2.1. By Resin
10.5.2.2. By Layers
11.1. Market Size and Forecast
11.1.1. By Value
11.1.2. By Volume
11.2. Market Share & Forecast
11.2.1. By Resin
11.2.2. By Layers
11.2.3. By Country
11.3. South Africa Automotive Refinish Coatings Market Outlook
11.3.1. Market Size and Forecast
11.3.1.1. By Value
11.3.1.2. By Volume
11.3.2. Market Share and Forecast
11.3.2.1. By Resin
11.3.2.2. By Layers
11.4. Saudi Arabia Automotive Refinish Coatings Market Outlook
11.4.1. Market Size and Forecast
11.4.1.1. By Value
11.4.1.2. By Volume
11.4.2. Market Share and Forecast
11.4.2.1. By Resin
11.4.2.2. By Layers
11.5. UAE Automotive Refinish Coatings Market Outlook
11.5.1. Market Size and Forecast
11.5.1.1. By Value
11.5.1.2. By Volume
11.5.2. Market Share and Forecast
11.5.2.1. By Resin
11.5.2.2. By Layers
11.6. Iran Automotive Refinish Coatings Market Outlook
11.6.1. Market Size and Forecast
11.6.1.1. By Value
11.6.1.2. By Volume
11.6.2. Market Share and Forecast
11.6.2.1. By Resin
11.6.2.2. By Layers
12.1. Drivers
12.2. Challenges
15.1. Competition Benchmarking
15.2. Company Profiles (Leading companies)
15.2.1. Axalta Coatings Systems
15.2.2. PPG Industries Inc.
15.2.3. AkzoNobel N.V.
15.2.4. BASF SE
15.2.5. Sherwin Williams
15.2.6. KCC Paints
15.2.7. Covestro
15.2.8. Berger Paints
15.2.9. Kansai Paint
15.2.10. Nippon Paint
15.2.11. NOROO Paint
15.2.12. Lubrizol Corporation
15.2.13. S.Coat
15.2.14. Diamond Vogel
(Note: The companies list can be customized based on the client requirements)
Overview and Scope Robotics as a service (RaaS) refers to a model where robotic technologies…
Overview and Scope Hard surface flooring is flooring that is long-lasting, non-porous, and wear-resistant and…
Overview and Scope Frozen bakery refers to baked goods and products prepared and immediately frozen…
Overview and Scope Active data warehousing refers to a modern form of data warehousing that…
Overview and Scope Fintech as a Service (FaaS) refers to a business model that allows…
Overview and Scope Esoteric testing refers to the laboratory analysis of rare molecules and substances…