Africa Automotive Refinish Coatings Market Report and Forecast 2023-2028

Africa Automotive Refinish Coatings Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the Africa automotive refinish coatings market reached a value of approximately USD 146.22 million in 2022. Aided by the increasing number of road accidents and the subsequent surge in demand for vehicle repair and restoration, the market is projected to further grow at a CAGR of 4.70% between 2023 and 2028 to reach a value of USD 183.96 million by 2028.

Automotive refinish coatings are used to refurbish vehicles, primarily to improve their appearance and provide protection against harsh environmental conditions, corrosion, and scratches. They play an integral role in vehicle restoration and contribute significantly to maintaining the vehicle's aesthetic value over time, aiding the Africa automotive refinish coatings market growth. Besides its protective and restorative properties, automotive refinish coatings also offer customisation options, making them valuable in various applications, including vehicle restoration, commercial vehicles, and motor sports.

The increasing number of road accidents and the subsequent rise in demand for vehicle repair and refurbishment are driving the Africa automotive refinish coatings market growth. With the growing motorisation and traffic congestion, there has been a significant surge in road mishaps, leading to an increased demand for automotive refinish coatings. Additionally, the rising trend of maintaining vehicle aesthetics has further contributed to the market's growth, as automotive refinish coatings are frequently used for touch-ups and detailing, and for restoring vintage cars.

The expanding applications of automotive refinish coatings in various sectors also contribute significantly to the Africa automotive refinish coatings market development. In the commercial vehicle industry, refinish coatings are used to maintain the fleet's appearance, contributing to the brand image. In the motorsports industry, these coatings are used not only for aesthetic appeal but also for protective purposes, making them an essential component of racing vehicle maintenance.

Furthermore, the growing awareness about the benefits of protective coatings in maintaining the lifespan of vehicles has led to an increased emphasis on quality refinish coatings. With the rising consumer knowledge and expectations regarding vehicle maintenance and the increasing popularity of vehicle customisation, automotive refinish coatings have emerged as a significant trend in the African market, thereby boosting Africa automotive refinish coatings market expansion.

Additionally, the increasing investment in automotive repair and maintenance services, especially in emerging economies of Africa, is expected to further fuel the demand for automotive refinish coatings. As vehicle owners continue to prioritise aesthetic appeal and longevity of their vehicles, the Africa automotive refinish coatings market is poised for considerable growth in the foreseeable future.

Market Segmentation

The market can be divided based on resin type, product type, technology, vehicle type, and country.

Market Breakup by Resin Type
  • Polyurethane
  • Alkyd
  • Acrylic
  • Others
Market Breakup by Product Type
  • Primer
  • Basecoat
  • Activator
  • Filler
  • Topcoat
  • Others
Market Breakup by Technology
  • Solvent-Borne
  • Water-Borne
  • UV-Cured
Market Breakup by Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
  • Others
Market Breakup by Country
  • Nigeria
  • South Africa
  • Egypt
  • Kenya
  • Others
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Africa automotive refinish coatings companies. Some of the major key players explored in the report by Expert Market Research are as follows:
  • Axalta Coating Systems South Africa (Pty) Ltd
  • 3M Company
  • Akzo Nobel N.V.
  • James Briggs Ltd.
  • The Sherwin Williams Company
  • The Dow Chemical Company
  • Kansai Paint Co.
  • Covestro AG
  • Vican Manufacturing
  • LUBRIZOL SA (PTY) LTD
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Automotive Refinish Coatings Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive Refinish Coatings Historical Market (2018-2022)
8.3 Global Automotive Refinish Coatings Market Forecast (2023-2028)
8.4 Global Automotive Refinish Coatings Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Africa Automotive Refinish Coatings Market Overview
9.1 Key Industry Highlights
9.2 Africa Automotive Refinish Coatings Historical Market (2018-2022)
9.3 Africa Automotive Refinish Coatings Market Forecast (2023-2028)
10 Africa Automotive Refinish Coatings Market by Resin Type
10.1 Polyurethane
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Alkyd
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Acrylic
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Others
11 Africa Automotive Refinish Coatings Market by Product Type
11.1 Primer
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Basecoat
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Activator
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Filler
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Topcoat
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Africa Automotive Refinish Coatings Market by Technology
12.1 Solvent-Borne
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Water-Borne
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 UV-Cured
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
13 Africa Automotive Refinish Coatings Market by Vehicle Type
13.1 Passenger Cars
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Commercial Vehicles
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Others
14 Africa Automotive Refinish Coatings Market by Country
14.1 Nigeria
14.1.1 Historical Trend (2018-2022)
14.1.2 Forecast Trend (2023-2028)
14.2 South Africa
14.2.1 Historical Trend (2018-2022)
14.2.2 Forecast Trend (2023-2028)
14.3 Egypt
14.3.1 Historical Trend (2018-2022)
14.3.2 Forecast Trend (2023-2028)
14.4 Kenya
14.4.1 Historical Trend (2018-2022)
14.4.2 Forecast Trend (2023-2028)
14.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Axalta Coating Systems South Africa (Pty) Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 3M Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Akzo Nobel N.V.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 James Briggs Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 The Sherwin Williams Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 The Dow Chemical Company
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Kansai Paint Co.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Covestro AG
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Vican Manufacturing
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 LUBRIZOL SA (PTY) LTD
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Refinish Coatings Market: Key Industry Highlights, 2018 and 2028
2. Africa Automotive Refinish Coatings Market: Key Industry Highlights, 2018 and 2028
3. Africa Automotive Refinish Coatings Historical Market: Breakup by Resin Type (USD Million), 2018-2022
4. Africa Automotive Refinish Coatings Market Forecast: Breakup by Resin Type (USD Million), 2023-2028
5. Africa Automotive Refinish Coatings Historical Market: Breakup by Product Type (USD Million), 2018-2022
6. Africa Automotive Refinish Coatings Market Forecast: Breakup by Product Type (USD Million), 2023-2028
7. Africa Automotive Refinish Coatings Historical Market: Breakup by Technology (USD Million), 2018-2022
8. Africa Automotive Refinish Coatings Market Forecast: Breakup by Technology (USD Million), 2023-2028
9. Africa Automotive Refinish Coatings Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
10. Africa Automotive Refinish Coatings Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
11. Africa Automotive Refinish Coatings Historical Market: Breakup by Country (USD Million), 2018-2022
12. Africa Automotive Refinish Coatings Market Forecast: Breakup by Country (USD Million), 2023-2028
13. Africa Automotive Refinish Coatings Market Structure

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