Report Description

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, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Chemicals

Global automotive refinish coatings market was estimated at $ 7.9 billion in 2018, 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.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

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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Some of the leading players in global automotive refinish coatings market are 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.

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.

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.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

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