Automotive Refinish Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,499	147 Pages	IMARC Services Pvt. Ltd.	July, 2023	IMRC18054313

Best Price Guarantee
Price	from $2,499
Length	147 Pages
Publisher	IMARC Services Pvt. Ltd.
Published Date	July, 2023
SKU	IMRC18054313

Automotive Refinish Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global automotive refinish coatings market size reached US$ 10.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.

Automotive refinish coatings are utilized on after-market automobiles, motorcycles, bicycles, trucks, and vans. They are used on new/old passenger and commercial vehicles to cover up damages on the body, which are caused by extreme temperatures, accidents and impacts from stones.Some of the commonly available refinish coatings are filler, primer, topcoat, basecoat and activator or hardener coatings. They are either solvent-borne, water-borne or ultraviolet (UV) cured. Amongst these, water-borne coatings have lower levels of volatile organic compounds (VOCs) than solvent-borne variants, which makes them highly effective for all automobiles.

Automotive Refinish Coatings Market Trends:

The increasing requirement for recreational and repair and maintenance activities of vehicles, along with the rising fatal road accidents, represents one ofthe major factors positively influencing the demand for automotive refinish coatings worldwide. In addition, the growing sales of luxury vehicles on account of rapid urbanization and improving income levels is catalyzing the demand for automotive refinish coatings to maintain the aesthetic appearance of vehicles. Apart from this, key players are introducing environment-friendly refinish coatings manufactured using organic chemicals and offering customization colors and printing to enhance the experience of the consumer. Besides this, the increasing consciousness among the masses about vehicle maintenance is resulting in the rising adoption of automotive refinish coatings around the world. Furthermore, the growing environmental awareness and several initiatives undertaken by governments of numerous countries are driving the usage of low volatile organic compounds (VOC) emissions. This is offering lucrative growth opportunities to market players operating in the industry.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive refinish coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on resin type, product type, technology, and vehicle type.

Breakup by Resin Type:

Polyurethane
Alkyd
Acrylic
Others

Polyurethane dominates the market as it is resistant to water, oil, and grease and can perform in harsh environments.

Breakup by Product Type:

Primer
Basecoat
Activator
Filler
Topcoat
Others

Basecoat currently represents the most popular product type.

Breakup by Technology:

Solvent-borne
Water-borne
UV-cured

Solvent-borne technology accounts for the majority of the total marketshare as it contains higher levels of organic compounds and prevents corrosion.

Breakup by Vehicle Type:

Passenger Cars
Commercial Vehicles
Others

Passenger cars currently dominate the market.

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The Asia Pacific holds the majority of the global automotive refinish coatings market share due to the increasing sales of vehicles in the region.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are 3M Co., Akzo Nobel N.V., Axalta Coating Systems, BASF SE, Clariant AG, DuPont de Nemours, Inc., Kansai Paint Co.Ltd., KCC Co., Ltd., Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., and The Sherwin-Williams Company.

Key Questions Answered in This Report

1. What was the size of the global automotive refinish coatings market in 2022?
2. What is the expected growth rate of the global automotive refinish coatings market during 2023-2028?
3. What has been the impact of COVID-19 on the global automotive refinish coatings market?
4. What are the key factors driving the global automotive refinish coatings market?
5. What is the breakup of the global automotive refinish coatings market based on the resin type?
6. What is the breakup of the global automotive refinish coatings market based on the product type?
7. What is the breakup of the global automotive refinish coatings market based on the technology?
8. What is the breakup of the global automotive refinish coatings market based on the vehicle type?
9. What are the key regions in the global automotive refinish coatings market?
10. Who are the key players/companies in the global automotive refinish coatings market?

1 Preface
2 Scope and Methodology: 2.1Objectives of the Study; 2.2Stakeholders; 2.3Data Sources; 2.3.1Primary Sources; 2.3.2Secondary Sources; 2.4Market Estimation; 2.4.1Bottom-Up Approach; 2.4.2Top-Down Approach; 2.5Forecasting Methodology
3 Executive Summary
4 Introduction: 4.1Overview; 4.2Key Industry Trends
5 Global Automotive Refinish Coatings Market: 5.1Market Overview; 5.2Market Performance; 5.3Impact of COVID-19; 5.4Market Forecast
6 Market Breakup by Resin Type: 6.1Polyurethane; 6.1.1 Market Trends; 6.1.2 Market Forecast; 6.2Alkyd; 6.2.1 Market Trends; 6.2.2 Market Forecast; 6.3Acrylic; 6.3.1 Market Trends; 6.3.2 Market Forecast; 6.4Others; 6.4.1 Market Trends; 6.4.2 Market Forecast
7 Market Breakup by Product Type: 7.1Primer; 7.1.1 Market Trends; 7.1.2 Market Forecast; 7.2Basecoat; 7.2.1 Market Trends; 7.2.2 Market Forecast; 7.3Activator; 7.3.1 Market Trends; 7.3.2 Market Forecast; 7.4Filler; 7.4.1 Market Trends; 7.4.2 Market Forecast; 7.5Topcoat; 7.5.1 Market Trends; 7.5.2 Market Forecast; 7.6Others; 7.6.1 Market Trends; 7.6.2 Market Forecast
8 Market Breakup by Technology: 8.1Solvent-borne; 8.1.1 Market Trends; 8.1.2 Market Forecast; 8.2Water-borne; 8.2.1 Market Trends; 8.2.2 Market Forecast; 8.3UV-cured; 8.3.1 Market Trends; 8.3.2 Market Forecast
9 Market Breakup by Vehicle Type: 9.1Passenger Cars; 9.1.1 Market Trends; 9.1.2 Market Forecast; 9.2Commercial Vehicles; 9.2.1 Market Trends; 9.2.2 Market Forecast; 9.3Others; 9.3.1 Market Trends; 9.3.2 Market Forecast
10 Market Breakup by Region: 10.1North America; 10.1.1 United States; 10.1.1.1 Market Trends; 10.1.1.2 Market Forecast; 10.1.2 Canada; 10.1.2.1 Market Trends; 10.1.2.2 Market Forecast; 10.2Asia Pacific; 10.2.1 China; 10.2.1.1 Market Trends; 10.2.1.2 Market Forecast; 10.2.2 Japan; 10.2.2.1 Market Trends; 10.2.2.2 Market Forecast; 10.2.3 India; 10.2.3.1 Market Trends; 10.2.3.2 Market Forecast; 10.2.4 South Korea; 10.2.4.1 Market Trends; 10.2.4.2 Market Forecast; 10.2.5 Australia; 10.2.5.1 Market Trends; 10.2.5.2 Market Forecast; 10.2.6 Indonesia; 10.2.6.1 Market Trends; 10.2.6.2 Market Forecast; 10.2.7 Others; 10.2.7.1 Market Trends; 10.2.7.2 Market Forecast; 10.3Europe; 10.3.1 Germany; 10.3.1.1 Market Trends; 10.3.1.2 Market Forecast; 10.3.2 France; 10.3.2.1 Market Trends; 10.3.2.2 Market Forecast; 10.3.3 United Kingdom; 10.3.3.1 Market Trends; 10.3.3.2 Market Forecast; 10.3.4 Italy; 10.3.4.1 Market Trends; 10.3.4.2 Market Forecast; 10.3.5 Spain; 10.3.5.1 Market Trends; 10.3.5.2 Market Forecast; 10.3.6 Russia; 10.3.6.1 Market Trends; 10.3.6.2 Market Forecast; 10.3.7 Others; 10.3.7.1 Market Trends; 10.3.7.2 Market Forecast; 10.4Latin America; 10.4.1 Brazil; 10.4.1.1 Market Trends; 10.4.1.2 Market Forecast; 10.4.2 Mexico; 10.4.2.1 Market Trends; 10.4.2.2 Market Forecast; 10.4.3 Others; 10.4.3.1 Market Trends; 10.4.3.2 Market Forecast; 10.5Middle East and Africa; 10.5.1 Market Trends; 10.5.2 Market Breakup by Country; 10.5.3 Market Forecast
11 SWOT Analysis: 11.1Overview; 11.2Strengths; 11.3Weaknesses; 11.4Opportunities; 11.5Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis: 13.1Overview; 13.2Bargaining Power of Buyers; 13.3Bargaining Power of Suppliers; 13.4Degree of Competition; 13.5Threat of New Entrants; 13.6Threat of Substitutes
14 Price Analysis
15 Competitive Landscape: 15.1Market Structure; 15.2Key Players; 15.3Profiles of Key Players; 15.3.13M Company; 15.3.1.1 Company Overview; 15.3.1.2 Product Portfolio; 15.3.1.3 Financials; 15.3.1.4 SWOT Analysis; 15.3.2Akzo Nobel N.V.; 15.3.2.1 Company Overview; 15.3.2.2 Product Portfolio; 15.3.2.3 Financials; 15.3.2.4 SWOT Analysis; 15.3.3Axalta Coating Systems Ltd.; 15.3.3.1 Company Overview; 15.3.3.2 Product Portfolio; 15.3.3.3 Financials; 15.3.3.4 SWOT Analysis; 15.3.4BASF SE; 15.3.4.1 Company Overview; 15.3.4.2 Product Portfolio; 15.3.4.3 Financials; 15.3.4.4 SWOT Analysis; 15.3.5Clariant AG; 15.3.5.1 Company Overview; 15.3.5.2 Product Portfolio; 15.3.5.3 Financials; 15.3.6Dupont De Nemours Inc.; 15.3.6.1 Company Overview; 15.3.6.2 Product Portfolio; 15.3.6.3 Financials; 15.3.7Kansai Paint Co. Ltd.; 15.3.7.1 Company Overview; 15.3.7.2 Product Portfolio; 15.3.7.3 Financials; 15.3.7.4 SWOT Analysis; 15.3.8KCC Corporation; 15.3.8.1 Company Overview; 15.3.8.2 Product Portfolio; 15.3.8.3 Financials; 15.3.9Nippon Paint Holdings Co. Ltd.; 15.3.9.1 Company Overview; 15.3.9.2 Product Portfolio; 15.3.9.3 Financials; 15.3.9.4 SWOT Analysis; 15.3.10PPG Industries Inc.; 15.3.10.1 Company Overview; 15.3.10.2 Product Portfolio; 15.3.10.3 Financials; 15.3.10.4 SWOT Analysis; 15.3.11The Sherwin-Williams Company; 15.3.11.1 Company Overview; 15.3.11.2 Product Portfolio; 15.3.11.3 Financials; 15.3.11.4 SWOT Analysis