Polaris Market Research has published a detailed report on the global Automotive Refinish Coating Market, offering valuable insights for stakeholders. The report covers key aspects, including global market value, competitor market share, and regional distributions. It highlights current market trends and identifies future growth opportunities, providing essential data to help businesses navigate the evolving market landscape. This comprehensive analysis equips stakeholders with actionable information to make informed decisions and stay competitive. By addressing market dynamics, challenges, and emerging opportunities, the report serves as a critical resource for understanding the complexities of the Automotive Refinish Coating market and planning strategic actions effectively.
Global Automotive Refinish Coating Market size and share is currently valued at USD 12.79 Billion in 2024 and is anticipated to generate an estimated revenue of USD 24.42 Billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.7% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Key Market Drivers:
- Growth in the automotive aftermarket and repair industry.
- Rising vehicle ownership and demand for aesthetic upgrades.
- Technological innovations in coating materials for durability and finish.
- Stricter environmental regulations promoting low-VOC products.
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Key Companies in Automotive Refinish Coating Market:
- Dow Inc.
- Alsa Refinish and The Alsa Corporation
- NOROO PAINT & COATINGS Co., Ltd.
- BASF
- Akzo Nobel N.V.
- Clariant
- PPG Industries, Inc.
- Axalta Coating Systems
- Cabot Corporation
- NIPSEA Group
- Bayer AG
- KAPCI Coating
Automotive Refinish Coating Market Research Scope
Market research evaluates demand for refinish coatings driven by increasing vehicle ownership, aesthetic enhancements, and environmental regulations. The scope includes low-VOC formulations, advancements in color-matching technology, and regional repair trends.
Automotive Refinish Coating Market Segmentation:
Segmentation includes type (primer, basecoat, clearcoat, and activator), technology (waterborne, solvent-borne, and powder coatings), and end-user (repair shops, dealerships, and DIY enthusiasts). Regional analysis focuses on North America, Europe, and Asia-Pacific, influenced by vehicle ownership trends.
Automotive Refinish Coating Market, Resin Outlook (Revenue – USD Billion, 2020-2034)
- Acrylic
- Alkyd
- Polyurethane
- Others
Automotive Refinish Coating Market, Technology Outlook (Revenue – USD Billion, 2020-2034)
- Solvent-Borne
- Water-Borne
- Others
Automotive Refinish Coating Market, Product Outlook (Revenue – USD Billion, 2020-2034)
- Primer
- Basecoat
- Topcoat
- Fillers
- Others
Automotive Refinish Coating Market, Vehicle Age Outlook (Revenue – USD Billion, 2020-2034)
- <5
- 5 to 10
- >10
Automotive Refinish Coating Industry Developments:
- December 2022: BASF, a global chemical leader, launched the first biomass balance automotive coatings in China, utilizing renewable raw materials. This innovative development aligns with the company’s commitment to sustainability and reducing the environmental impact of automotive coatings.
- June 2022: Kansai Paint Co., Ltd. announced an agreement to sell its African business to AkzoNobel N.V., a global coatings company, under a Share Purchase Agreement. This move is part of Kansai’s strategic focus on optimizing its global operations.
- September 2021: Axalta Coating Systems, a global leader in liquid and powder coatings, completed the acquisition of U-POL Holdings Limited. The acquisition strengthens Axalta’s position in the automotive aftermarket sector, enhancing its global leadership in refinish coatings and supporting its broader growth strategy.
The Automotive Refinish Coating market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.
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