Automotive Refinish Coatings Market Size, Share, Trends, Growth Outlook

Automotive Refinish Coatings Market is estimated to increase at a growth rate of 6.1% CAGR over the forecast period from 2024 to 2030.

The global Automotive Refinish Coatings Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Solvent-borne coatings, Water-borne coatings, UV cured Coatings), By Resin (Polyurethane, Alkyd, Acrylic), By Application (Passenger Vehicle, Commercial Vehicle), By End-User (Auto Body Repair Shops, Automotive Manufacturing Shops, Garages, Others).

An Introduction to Global Automotive Refinish Coatings Market, 2024

In 2024, the automotive refinish coatings market is witnessing steady growth driven by the increasing demand for coatings that enhance vehicle appearance, protection, and durability. Automotive refinish coatings are used to restore the exterior finish of vehicles by providing paint, clear coats, and primers that offer weather resistance, corrosion protection, and color matching capabilities. With advancements in coating technologies, such as water-based formulations, low-VOC (volatile organic compound) options, and UV-cured coatings, automotive refinishers are able to achieve superior finish quality while minimizing environmental impact. Moreover, the rise of custom paint finishes, special effects coatings, and digital color matching systems enables automotive refinishers to offer personalized and high-quality paint solutions to vehicle owners. As consumers seek to maintain and enhance the appearance of their vehicles, the automotive refinish coatings market is expected to witness sustained growth, with manufacturers innovating to offer innovative coating solutions that meet the evolving needs of automotive refinish professionals and enthusiasts.

Automotive Refinish Coatings Competitive Landscape

The global Automotive Refinish Coatings market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Automotive Refinish Coatings Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Automotive Refinish Coatings Market Industry include- 3M Co., Akzo Nobel NV, Alps Coating Sdn Bhd, Angel Coating Pvt. Ltd, Axalta Coating Systems Ltd, BASF SE, BERNARDO ECENARRO S.A., Carl Schlenk AG, Covestro AG, General Paint Co., Kansai Paint Co. Ltd, KAPCI Coatings Systems LLC, Nippon Paint Holdings Co. Ltd, NOROO Paint and Coatings Co. Ltd, NOVOL Sp zoo, PPG Industries Inc, S.Coat Co. Ltd, Tara Paints and Chemicals, The Sherwin-Williams Company, TOA Paint (Thailand) Public Company Ltd.

Automotive Refinish Coatings Market Trend: Adoption of Waterborne Refinish Coatings

In the Automotive Refinish Coatings Market, a prominent trend is the increasing adoption of waterborne refinish coatings over solvent-based alternatives. With growing environmental concerns and regulations aimed at reducing volatile organic compound (VOC) emissions, there is a rising demand for eco-friendly coatings that offer low toxicity and reduced environmental impact. Waterborne refinish coatings provide comparable performance to solvent-based coatings while offering benefits such as faster drying times, improved color matching, and lower VOC emissions. This trend reflects the industry's shift towards sustainable practices and compliance with regulatory standards, driving the transition towards waterborne coatings in automotive refinishing applications.

Automotive Refinish Coatings Market Driver: Growth in Automotive Repair and Maintenance Activities

A significant driver in the Automotive Refinish Coatings Market is the growth in automotive repair and maintenance activities, fueled by increasing vehicle ownership and demand for vehicle customization. As the global vehicle parc expands and ages, there is a growing need for automotive refinishing services to repair scratches, dents, and other surface damages, as well as to refresh vehicle appearance through repainting and refinishing. This driver is propelled by factors such as rising disposable incomes, changing consumer preferences for vehicle aesthetics, and the proliferation of automotive customization trends. The increasing demand for automotive repair and maintenance services drives the consumption of refinish coatings, stimulating market growth for coating manufacturers and suppliers.

Automotive Refinish Coatings Market Opportunity: Innovation in Advanced Coating Technologies

A potential Market Opportunity in the Automotive Refinish Coatings Market lies in innovation and advancement in advanced coating technologies to meet evolving customer needs and industry requirements. There is an Market Opportunity for coating manufacturers to develop innovative formulations that offer superior performance characteristics such as enhanced durability, scratch resistance, UV protection, and ease of application. By investing in research and development, manufacturers can introduce next-generation refinish coatings that address the specific challenges faced by automotive refinishers, such as color accuracy, blending capabilities, and drying efficiency. This Market Opportunity aligns with the growing demand for high-quality coatings that deliver exceptional finish results and long-lasting protection, presenting vendors with the chance to differentiate their products and capture market share in the automotive refinishing segment.

Automotive Refinish Coatings Market Segmentation

By Type
Solvent-borne coatings
Water-borne coatings
UV cured Coatings
By Resin
Polyurethane
Alkyd
Acrylic
By Application
Passenger Vehicle
Commercial Vehicle
By End-User
Auto Body Repair Shops
Automotive Manufacturing Shops
Garages
OthersGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Automotive Refinish Coatings Companies

3M Co.
Akzo Nobel NV
Alps Coating Sdn Bhd
Angel Coating Pvt. Ltd
Axalta Coating Systems Ltd
BASF SE
BERNARDO ECENARRO S.A.
Carl Schlenk AG
Covestro AG
General Paint Co.
Kansai Paint Co. Ltd
KAPCI Coatings Systems LLC
Nippon Paint Holdings Co. Ltd
NOROO Paint and Coatings Co. Ltd
NOVOL Sp zoo
PPG Industries Inc
S.Coat Co. Ltd
Tara Paints and Chemicals
The Sherwin-Williams Company
TOA Paint (Thailand) Public Company Ltd
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Automotive Refinish Coatings Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Automotive Refinish Coatings Market Size Outlook, $ Million, 2021 to 2030
3.2 Automotive Refinish Coatings Market Outlook by Type, $ Million, 2021 to 2030
3.3 Automotive Refinish Coatings Market Outlook by Product, $ Million, 2021 to 2030
3.4 Automotive Refinish Coatings Market Outlook by Application, $ Million, 2021 to 2030
3.5 Automotive Refinish Coatings Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Automotive Refinish Coatings Industry
4.2 Key Market Trends in Automotive Refinish Coatings Industry
4.3 Potential Opportunities in Automotive Refinish Coatings Industry
4.4 Key Challenges in Automotive Refinish Coatings Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Automotive Refinish Coatings Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Automotive Refinish Coatings Market Outlook by Segments
7.1 Automotive Refinish Coatings Market Outlook by Segments, $ Million, 2021- 2030
By Type
Solvent-borne coatings
Water-borne coatings
UV cured Coatings
By Resin
Polyurethane
Alkyd
Acrylic
By Application
Passenger Vehicle
Commercial Vehicle
By End-User
Auto Body Repair Shops
Automotive Manufacturing Shops
Garages
Others

8 North America Automotive Refinish Coatings Market Analysis and Outlook To 2030
8.1 Introduction to North America Automotive Refinish Coatings Markets in 2024
8.2 North America Automotive Refinish Coatings Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Automotive Refinish Coatings Market size Outlook by Segments, 2021-2030
By Type
Solvent-borne coatings
Water-borne coatings
UV cured Coatings
By Resin
Polyurethane
Alkyd
Acrylic
By Application
Passenger Vehicle
Commercial Vehicle
By End-User
Auto Body Repair Shops
Automotive Manufacturing Shops
Garages
Others

9 Europe Automotive Refinish Coatings Market Analysis and Outlook To 2030
9.1 Introduction to Europe Automotive Refinish Coatings Markets in 2024
9.2 Europe Automotive Refinish Coatings Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Automotive Refinish Coatings Market Size Outlook by Segments, 2021-2030
By Type
Solvent-borne coatings
Water-borne coatings
UV cured Coatings
By Resin
Polyurethane
Alkyd
Acrylic
By Application
Passenger Vehicle
Commercial Vehicle
By End-User
Auto Body Repair Shops
Automotive Manufacturing Shops
Garages
Others

10 Asia Pacific Automotive Refinish Coatings Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Automotive Refinish Coatings Markets in 2024
10.2 Asia Pacific Automotive Refinish Coatings Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Automotive Refinish Coatings Market size Outlook by Segments, 2021-2030
By Type
Solvent-borne coatings
Water-borne coatings
UV cured Coatings
By Resin
Polyurethane
Alkyd
Acrylic
By Application
Passenger Vehicle
Commercial Vehicle
By End-User
Auto Body Repair Shops
Automotive Manufacturing Shops
Garages
Others

11 South America Automotive Refinish Coatings Market Analysis and Outlook To 2030
11.1 Introduction to South America Automotive Refinish Coatings Markets in 2024
11.2 South America Automotive Refinish Coatings Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Automotive Refinish Coatings Market size Outlook by Segments, 2021-2030
By Type
Solvent-borne coatings
Water-borne coatings
UV cured Coatings
By Resin
Polyurethane
Alkyd
Acrylic
By Application
Passenger Vehicle
Commercial Vehicle
By End-User
Auto Body Repair Shops
Automotive Manufacturing Shops
Garages
Others

12 Middle East and Africa Automotive Refinish Coatings Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Automotive Refinish Coatings Markets in 2024
12.2 Middle East and Africa Automotive Refinish Coatings Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Automotive Refinish Coatings Market size Outlook by Segments, 2021-2030
By Type
Solvent-borne coatings
Water-borne coatings
UV cured Coatings
By Resin
Polyurethane
Alkyd
Acrylic
By Application
Passenger Vehicle
Commercial Vehicle
By End-User
Auto Body Repair Shops
Automotive Manufacturing Shops
Garages
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
3M Co.
Akzo Nobel NV
Alps Coating Sdn Bhd
Angel Coating Pvt. Ltd
Axalta Coating Systems Ltd
BASF SE
BERNARDO ECENARRO S.A.
Carl Schlenk AG
Covestro AG
General Paint Co.
Kansai Paint Co. Ltd
KAPCI Coatings Systems LLC
Nippon Paint Holdings Co. Ltd
NOROO Paint and Coatings Co. Ltd
NOVOL Sp zoo
PPG Industries Inc
S.Coat Co. Ltd
Tara Paints and Chemicals
The Sherwin-Williams Company
TOA Paint (Thailand) Public Company Ltd

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
Solvent-borne coatings
Water-borne coatings
UV cured Coatings
By Resin
Polyurethane
Alkyd
Acrylic
By Application
Passenger Vehicle
Commercial Vehicle
By End-User
Auto Body Repair Shops
Automotive Manufacturing Shops
Garages
Others