Global Automotive Refinish Coatings Market By Resin (Epoxy, Acrylic, Alkyd & Others), By Technology (Solvent-borne, Aqueous, Powdered & Others), By Layers (Surfacers, Sealers, Activator or Hardener & Others), By Region, Competition, Forecast & Opportunities, 2027

  • Industry : Chemicals
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

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 the toxic chromium. However, with the rising environmental concerns, the industries are seeking more eco-friendly solutions since majority of the chemicals are non-biodegradable and harmful for 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 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 lack of skilled professionals are hindering the growth of 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 hardener, undercoats, topcoats and others. Activator or hardener sub segment is anticipated to exhibit the highest growth rate during the forecast period on account of growing average age of vehicles as well as the increasing automotive collision rate. Based on resins, 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 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 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.

Some of the key players operating in global automotive refinish coatings market include, 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, among others.

Objective of the Study:

  • To analyze and forecast global automotive refinish coatings market size.
  • To forecast global automotive refinish coatings market based on resin, technology, layers and regional distribution.
  • To identify drivers and challenges for global automotive refinish coatings market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive refinish coatings market.
  • To conduct pricing analysis for automotive refinish coatings market.
  • To identify and analyze the profile of leading players involved in the manufacturing of automotive refinish coatings.


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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 which 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 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 the industry experts and company representatives and externally validated through 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.

Key Target Audience:

  • Automotive refinish coatings manufacturers and suppliers
  • Government and other regulatory bodies
  • Organizations, forums and alliances related to automotive refinish coatings
  • Market research and consulting firms

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
  •      Resin
  •      Technology
  •       Layer   

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)

 


Report Scope:

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:

  • Market, By Resin:
    • Epoxy
    • Acrylic
    • Alkyd
    • Polyurethane
    • Polyester
    • Vinyl
    • Others
  • Market, By Technology:
    • Solvent-borne
    • Aqueous
    • Powdered
    • Others
  • Market, By Layers:
    • Surfacers
    • Sealers
    • Primers
    • Activator or Hardener
    • Undercoats
    • Topcoats
    • Others
  • Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Indonesia
    • Europe
      • United Kingdom
      • Italy
      • France
      • Germany
      • Russia
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Iran

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

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

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

5.    Impact of COVID-19 on Global Automotive Refinish Coatings market

6.    Global Automotive Refinish Coatings Market Outlook

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.    Asia-Pacific Automotive Refinish Coatings Market Outlook

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.    Europe Automotive Refinish Coatings Market Outlook

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.    North America Automotive Refinish Coatings Market Outlook

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.   South America Automotive Refinish Coatings Market Outlook

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.  Middle East & Africa Automotive Refinish Coatings Market Outlook

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.   Market Dynamics

12.1.           Drivers

12.2.           Challenges

13.  Market Trends & Developments

14.  Pricing Analysis

15.  Competitive Landscape

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)

16.   Strategic Recommendations

Figures and Tables

Frequently asked questions

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The different resins used for preparation of refinish coatings in the Global Automotive Refinish Coatings Market include Epoxy, Acrylic, Alkyd, Polyurethane, Polyester, Vinyl and Others.

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The different technologies use in preparation of refinish coatings in the Global Automotive Refinish Coatings Market include Solvent-Borne, Aqueous, Powdered and Others.

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The major factor driving the growth of Global Automotive Refinish Coatings Market on account of widespread use in vehicles, increasing number of vehicle collisions in conjunction with proclivity of owners to repair their vehicles, among others.

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The different players operating in the Global Automotive Refinish Coatings Market include 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, etc.

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Sakshi Bajaal

Business Consultant
Press Release

Asia-Pacific to Dominate Automotive Refinish Coatings Market through 2024

May, 2019

Increasing demand for pre-owned cars along with growing number of cab services to boost global automotive refinish coatings market through 2024

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