Product Code: PMRREP19336
Persistence Market Research has recently released a comprehensive report on the global Automotive Refinish Coating Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.
Key Insights:
- Automotive Refinish Coating Market Size (2024E): US$ 12019.7 Mn
- Projected Market Value (2031F): US$ 17835.8 Bn
- Global Market Growth Rate (CAGR 2024 to 2031): 5.8%
Automotive Refinish Coating Market - Report Scope:
The automotive refinish coating market includes a range of products used in automotive repair centers and body shops for refinishing vehicles. This market has shown significant growth, primarily driven by the increasing number of vehicle collisions that require repairs and refinishing. The market is also influenced by regulations on volatile organic compound (VOC) levels, as well as the growing demand for recreational vehicles in developed regions like North America and Europe.
Market Drivers:
The automotive refinish coating market is driven by several factors, including the increasing frequency of vehicle collisions, the growing demand for vehicle repairs, and governmental regulations regarding VOC emissions. The demand for refinishing coatings is also supported by the rise in recreational vehicle popularity in developed markets such as North America and Europe. Furthermore, advancements in coating technologies and the growing preference for high-quality finishes are contributing to market expansion.
Market Restraints:
Despite the positive growth outlook, the automotive refinish coating market faces challenges such as stringent environmental regulations on VOC levels, which may limit the use of certain solvent-borne coatings. Additionally, the growing shift toward water-borne coatings poses a challenge to the market share of solvent-borne coatings. The high cost of premium coatings and the complexity of producing environmentally compliant solutions may hinder market growth.
Market Opportunities:
The automotive refinish coating market presents significant opportunities, particularly in emerging regions such as APEJ, where growth is expected to be the highest. Innovations in eco-friendly coating technologies and the increasing preference for solvent-borne coatings over water-borne solutions open new avenues for market growth. Additionally, the growth in the recreational vehicle sector and increasing vehicle ownership in developing countries present untapped opportunities for refinishing coating manufacturers.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the automotive refinish coating market? * Which regions and market segments are witnessing the highest adoption of automotive refinish coatings?
- How are environmental regulations affecting the automotive refinish coating market?
- Who are the leading players in the automotive refinish coating market, and what strategies are they employing to maintain their market positions?
- What are the emerging trends and future prospects in the global automotive refinish coating market?
Competitive Intelligence and Business Strategy:
Leading companies in the automotive refinish coating market, including BASF SE, Akzo Nobel NV, Axalta Coating Systems, and PPG Industries, are focusing on technological innovation, product differentiation, and compliance with environmental regulations to maintain a competitive edge. These companies are investing in R&D to develop new eco-friendly formulations, expanding their product portfolios, and improving the durability and performance of coatings. Strategic partnerships with vehicle manufacturers and body shops are key to increasing market share and expanding geographic reach.
Key Companies Profiled:
- BASF SE
- AkzoNobel N.V.
- Axalta Coating Systems Ltd
- PPG Industries Inc.
- The Sherwin-Williams Company
- DowDuPont Inc.
- Kansai Paint Co., Ltd.
- Nippon Paint Holdings Co Ltd
- 3M Company
- KCC Corporation
- Others.
Automotive Refinish Coatings Market Segmentation:
By Material Type:
- UV-cured Coatings
- Water-borne Coatings
- Solvent-borne Coatings
By Coating Structure:
- Top Coat
- Base Coat
- Primer
- Clear Coat
By Vehicle Type:
- Premium Passenger Cars
- Light Commercial Vehicles
- Compact Passenger Cars
- Luxury Passenger Cars
- Mid-sized Passenger Cars
- Heavy Commercial Vehicles
By Resin Type:
- Polyurethane
- Alkyd
- Acrylic
By Region:
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Table of Contents
1. Executive Summary
2. Global Automotive Refinish Coating Market Overview
- 2.1. Introduction
- 2.1.1. Global Automotive Refinish Coating Market Taxonomy
- 2.1.2. Global Automotive Refinish Coating Market Definition
- 2.2. Global Automotive Refinish Coating Market Size (US$ Mn) and Forecast, 2024-2033
- 2.2.1. Global Automotive Refinish Coating Market Y-o-Y Growth
- 2.3. Global Automotive Refinish Coating Market Dynamics
- 2.4. Supply Chain
- 2.5. Cost Structure
- 2.6. Pricing Analysis
- 2.7. Raw Material Sourcing Strategy and Analysis
- 2.8. List of Distributors
- 2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Automotive Refinish Coating Market Analysis and Forecast By Material Type
- 3.1. Global Automotive Refinish Coating Market Size and Forecast By Material Type, 2024-2033
- 3.1.1. Solvent-borne Coatings Market Size and Forecast, 2024-2033
- 3.1.1.1. Revenue (US$ Mn) Comparison, By Region
- 3.1.1.2. Market Share Comparison, By Region
- 3.1.1.3. Y-o-Y growth Comparison, By Region
- 3.1.2. Water-borne Coatings Market Size and Forecast, 2024-2033
- 3.1.2.1. Revenue (US$ Mn) Comparison, By Region
- 3.1.2.2. Market Share Comparison, By Region
- 3.1.2.3. Y-o-Y growth Comparison, By Region
- 3.1.3. UV-cured Coatings Market Size and Forecast, 2024-2033
- 3.1.3.1. Revenue (US$ Mn) Comparison, By Region
- 3.1.3.2. Market Share Comparison, By Region
- 3.1.3.3. Y-o-Y growth Comparison, By Region
4. Global Automotive Refinish Coating Market Analysis and Forecast By Coating Structure
- 4.1. Global Automotive Refinish Coating Market Size and Forecast By Coating Structure, 2024-2033
- 4.1.1. Primer Market Size and Forecast, 2024-2033
- 4.1.1.1. Revenue (US$ Mn) Comparison, By Region
- 4.1.1.2. Market Share Comparison, By Region
- 4.1.1.3. Y-o-Y growth Comparison, By Region
- 4.1.2. Base Coat Market Size and Forecast, 2024-2033
- 4.1.2.1. Revenue (US$ Mn) Comparison, By Region
- 4.1.2.2. Market Share Comparison, By Region
- 4.1.2.3. Y-o-Y growth Comparison, By Region
- 4.1.3. Top Coat Market Size and Forecast, 2024-2033
- 4.1.3.1. Revenue (US$ Mn) Comparison, By Region
- 4.1.3.2. Market Share Comparison, By Region
- 4.1.3.3. Y-o-Y growth Comparison, By Region
- 4.1.4. Clear Coat Market Size and Forecast, 2024-2033
- 4.1.4.1. Revenue (US$ Mn) Comparison, By Region
- 4.1.4.2. Market Share Comparison, By Region
- 4.1.4.3. Y-o-Y growth Comparison, By Region
5. Global Automotive Refinish Coating Market Analysis and Forecast By Vehicle Type
- 5.1. Global Automotive Refinish Coating Market Size and Forecast By Vehicle Type, 2024-2033
- 5.1.1. Compact Passenger Cars Market Size and Forecast, 2024-2033
- 5.1.1.1. Revenue (US$ Mn) Comparison, By Region
- 5.1.1.2. Market Share Comparison, By Region
- 5.1.1.3. Y-o-Y growth Comparison, By Region
- 5.1.2. Mid-sized Passenger Cars Market Size and Forecast, 2024-2033
- 5.1.2.1. Revenue (US$ Mn) Comparison, By Region
- 5.1.2.2. Market Share Comparison, By Region
- 5.1.2.3. Y-o-Y growth Comparison, By Region
- 5.1.3. Premium Passenger Cars Market Size and Forecast, 2024-2033
- 5.1.3.1. Revenue (US$ Mn) Comparison, By Region
- 5.1.3.2. Market Share Comparison, By Region
- 5.1.3.3. Y-o-Y growth Comparison, By Region
- 5.1.4. Luxury Passenger Cars Market Size and Forecast, 2024-2033
- 5.1.4.1. Revenue (US$ Mn) Comparison, By Region
- 5.1.4.2. Market Share Comparison, By Region
- 5.1.4.3. Y-o-Y growth Comparison, By Region
- 5.1.5. Light Commercial Vehicles Market Size and Forecast, 2024-2033
- 5.1.5.1. Revenue (US$ Mn) Comparison, By Region
- 5.1.5.2. Market Share Comparison, By Region
- 5.1.5.3. Y-o-Y growth Comparison, By Region
- 5.1.6. Heavy Commercial Vehicles Market Size and Forecast, 2024-2033
- 5.1.6.1. Revenue (US$ Mn) Comparison, By Region
- 5.1.6.2. Market Share Comparison, By Region
- 5.1.6.3. Y-o-Y growth Comparison, By Region
6. Global Automotive Refinish Coating Market Analysis and Forecast By Resin Type
- 6.1. Global Automotive Refinish Coating Market Size and Forecast By Resin Type, 2024-2033
- 6.1.1. Polyurethane Market Size and Forecast, 2024-2033
- 6.1.1.1. Revenue (US$ Mn) Comparison, By Region
- 6.1.1.2. Market Share Comparison, By Region
- 6.1.1.3. Y-o-Y growth Comparison, By Region
- 6.1.2. Alkyd Market Size and Forecast, 2024-2033
- 6.1.2.1. Revenue (US$ Mn) Comparison, By Region
- 6.1.2.2. Market Share Comparison, By Region
- 6.1.2.3. Y-o-Y growth Comparison, By Region
- 6.1.3. Acrylic Market Size and Forecast, 2024-2033
- 6.1.3.1. Revenue (US$ Mn) Comparison, By Region
- 6.1.3.2. Market Share Comparison, By Region
- 6.1.3.3. Y-o-Y growth Comparison, By Region
7. Global Automotive Refinish Coating Market Analysis and Forecast By Region
- 7.1. Global Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 7.1.1. North America Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 7.1.1.1. Revenue (US$ Mn) Comparison, By Material Type
- 7.1.1.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 7.1.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 7.1.1.4. Revenue (US$ Mn) Comparison, By Resin Type
- 7.1.2. Latin America Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 7.1.2.1. Revenue (US$ Mn) Comparison, By Material Type
- 7.1.2.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 7.1.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 7.1.2.4. Revenue (US$ Mn) Comparison, By Resin Type
- 7.1.3. Europe Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 7.1.3.1. Revenue (US$ Mn) Comparison, By Material Type
- 7.1.3.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 7.1.3.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 7.1.3.4. Revenue (US$ Mn) Comparison, By Resin Type
- 7.1.4. Japan Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 7.1.4.1. Revenue (US$ Mn) Comparison, By Material Type
- 7.1.4.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 7.1.4.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 7.1.4.4. Revenue (US$ Mn) Comparison, By Resin Type
- 7.1.5. APEJ Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 7.1.5.1. Revenue (US$ Mn) Comparison, By Material Type
- 7.1.5.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 7.1.5.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 7.1.5.4. Revenue (US$ Mn) Comparison, By Resin Type
- 7.1.6. MEA Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 7.1.6.1. Revenue (US$ Mn) Comparison, By Material Type
- 7.1.6.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 7.1.6.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 7.1.6.4. Revenue (US$ Mn) Comparison, By Resin Type
8. North America Automotive Refinish Coating Market Analysis and Forecast, By Country, 2024-2033
- 8.1. US Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 8.1.1. Revenue (US$ Mn) Comparison, By Material Type
- 8.1.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 8.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 8.1.4. Revenue (US$ Mn) Comparison, By Resin Type
- 8.2. Canada Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 8.2.1. Revenue (US$ Mn) Comparison, By Material Type
- 8.2.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 8.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 8.2.4. Revenue (US$ Mn) Comparison, By Resin Type
9. Latin America Automotive Refinish Coating Market Analysis and Forecast, By Country, 2024-2033
- 9.1. Brazil Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 9.1.1. Revenue (US$ Mn) Comparison, By Material Type
- 9.1.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 9.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 9.1.4. Revenue (US$ Mn) Comparison, By Resin Type
- 9.2. Mexico Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 9.2.1. Revenue (US$ Mn) Comparison, By Material Type
- 9.2.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 9.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 9.2.4. Revenue (US$ Mn) Comparison, By Resin Type
- 9.3. Argentina Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 9.3.1. Revenue (US$ Mn) Comparison, By Material Type
- 9.3.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 9.3.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 9.3.4. Revenue (US$ Mn) Comparison, By Resin Type
10. Europe Automotive Refinish Coating Market Analysis and Forecast, By Country, 2024-2033
- 10.1. Germany Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 10.1.1. Revenue (US$ Mn) Comparison, By Material Type
- 10.1.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 10.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 10.1.4. Revenue (US$ Mn) Comparison, By Resin Type
- 10.2. UK Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 10.2.1. Revenue (US$ Mn) Comparison, By Material Type
- 10.2.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 10.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 10.2.4. Revenue (US$ Mn) Comparison, By Resin Type
- 10.3. France Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 10.3.1. Revenue (US$ Mn) Comparison, By Material Type
- 10.3.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 10.3.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 10.3.4. Revenue (US$ Mn) Comparison, By Resin Type
- 10.4. Spain Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 10.4.1. Revenue (US$ Mn) Comparison, By Material Type
- 10.4.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 10.4.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 10.4.4. Revenue (US$ Mn) Comparison, By Resin Type
- 10.5. Italy Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 10.5.1. Revenue (US$ Mn) Comparison, By Material Type
- 10.5.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 10.5.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 10.5.4. Revenue (US$ Mn) Comparison, By Resin Type
- 10.6. Nordic Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 10.6.1. Revenue (US$ Mn) Comparison, By Material Type
- 10.6.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 10.6.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 10.6.4. Revenue (US$ Mn) Comparison, By Resin Type
11. Japan Automotive Refinish Coating Market Analysis and Forecast, By Country, 2024-2033
- 11.1. Japan Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 11.1.1. Revenue (US$ Mn) Comparison, By Material Type
- 11.1.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 11.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 11.1.4. Revenue (US$ Mn) Comparison, By Resin Type
12. APEJ Automotive Refinish Coating Market Analysis and Forecast, By Country, 2024-2033
- 12.1. China Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 12.1.1. Revenue (US$ Mn) Comparison, By Material Type
- 12.1.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 12.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 12.1.4. Revenue (US$ Mn) Comparison, By Resin Type
- 12.2. India Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 12.2.1. Revenue (US$ Mn) Comparison, By Material Type
- 12.2.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 12.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 12.2.4. Revenue (US$ Mn) Comparison, By Resin Type
- 12.3. Malaysia Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 12.3.1. Revenue (US$ Mn) Comparison, By Material Type
- 12.3.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 12.3.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 12.3.4. Revenue (US$ Mn) Comparison, By Resin Type
- 12.4. Thailand Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 12.4.1. Revenue (US$ Mn) Comparison, By Material Type
- 12.4.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 12.4.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 12.4.4. Revenue (US$ Mn) Comparison, By Resin Type
- 12.5. Singapore Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 12.5.1. Revenue (US$ Mn) Comparison, By Material Type
- 12.5.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 12.5.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 12.5.4. Revenue (US$ Mn) Comparison, By Resin Type
- 12.6. Australia Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 12.6.1. Revenue (US$ Mn) Comparison, By Material Type
- 12.6.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 12.6.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 12.6.4. Revenue (US$ Mn) Comparison, By Resin Type
13. MEA Automotive Refinish Coating Market Analysis and Forecast, By Country, 2024-2033
- 13.1. GCC Countries Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 13.1.1. Revenue (US$ Mn) Comparison, By Material Type
- 13.1.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 13.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 13.1.4. Revenue (US$ Mn) Comparison, By Resin Type
- 13.2. South Africa Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 13.2.1. Revenue (US$ Mn) Comparison, By Material Type
- 13.2.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 13.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 13.2.4. Revenue (US$ Mn) Comparison, By Resin Type
- 13.3. Turkey Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 13.3.1. Revenue (US$ Mn) Comparison, By Material Type
- 13.3.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 13.3.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 13.3.4. Revenue (US$ Mn) Comparison, By Resin Type
- 13.4. Israel Automotive Refinish Coating Market Size and Forecast, 2024-2033
- 13.4.1. Revenue (US$ Mn) Comparison, By Material Type
- 13.4.2. Revenue (US$ Mn) Comparison, By Coating Structure
- 13.4.3. Revenue (US$ Mn) Comparison, By Vehicle Type
- 13.4.4. Revenue (US$ Mn) Comparison, By Resin Type
14. Global Automotive Refinish Coating Market Company Share, Competition Landscape and Company Profiles
- 14.1. Company Share Analysis
- 14.2. Competition Landscape
- 14.3. Company Profiles
- 14.3.1. BASF SE
- 14.3.2. AkzoNobel N.V.
- 14.3.3. Axalta Coating Systems Ltd
- 14.3.4. PPG Industries Inc.
- 14.3.5. The Sherwin-Williams Company
- 14.3.6. DowDuPont Inc.
- 14.3.7. Kansai Paint Co., Ltd.
- 14.3.8. Nippon Paint Holdings Co Ltd
- 14.3.9. 3M Company
- 14.3.10. KCC Corporation
15. Research Methodology
16. Secondary and Primary Sources
17. Assumptions and Acronyms
18. Disclaimer