The global refinish paint market is estimated at US$ 8.8 billion in 2023 and is projected to reach a market value of US$ 14.5 billion by the end of 2033. Global market is anticipated to increase at a CAGR of 5.1% from 2023 to 2033.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Refinish Paint market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Refinish Paint market.
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Key findings of the Refinish Paint market study:
- Regional breakdown of the Refinish Paint market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Refinish Paint vendors in detail.
- Region-wise and country-wise fragmentation of the Refinish Paint market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Refinish Paint market.
Key Companies Profiled
- Axalta Coating Systems
- Cresta Paint Industries Ltd.
- James Briggs Ltd.
- KCC Corporation
- Nippon Paint Holdings Co. Ltd.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- The Lubrizol Corporation
Competitive Landscape
Providers of refinish paints invest a handsome amount to strengthen their systems for supply chain management and deliver quality products. Various other initiatives are taken by refinish paint manufacturers to maintain product standards.
Acquisitions and new developments are some noticeable strategies, which are incorporated by suppliers of refinish paints to get a competitive edge in the target market.
For instance :
- In 2021, Sherwin Williams announced the acquisition of the industrial coating business of Sika.
- In 2021, Axalta Coatings launched a novel range of coatings, which are specially designed for electric vehicles. These coatings provide better advantages, including durability, safety, enhanced performance, and some others.
Segmentation of Refinish Paints Industry Research
- By Resin :
- Polyurethane
- Epoxy
- Acrylic
- Others
- By Technology :
- Solvent-borne
- Water-borne
- Powders
- By End Use :
- Passenger Cars
- Light Commercial Vehicles
- Trucks
- Buses
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Queries addressed in the Refinish Paint market report:
- Why are the Refinish Paint market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Refinish Paint market?
- Which regions are displaying the fastest growth in the Refinish Paint market?
- What are the underlying micro- macroeconomic factors affecting the global Refinish Paint market?
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