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Automotive Refinish Coatings Market Size, Share, and Analysis, By Product Type (Clearcoat, Activator, Primer, and Others), By Technology (UV-Cured Coatings, Solvent borne, Water-borne Coatings and Others), By Resin (Alkyd, Polyurethane, Acrylic, and Epoxy), By Vehicle Age (Less than 5 Years, 5-10 Years and More than 10 Years), By Vehicle Type (Cars, Two-wheelers, Commercial Vehicles) and Regional Forecasts, 2022-2032

September 2023 | 351 pages | ID: A5213F7CF7A1EN
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Automotive Refinish Coatings Market Size, Share, and Analysis, By Product Type (Clearcoat, Activator, Primer, and Others), By Technology (UV-Cured Coatings, Solvent borne, Water-borne Coatings and Others), By Resin (Alkyd, Polyurethane, Acrylic, and Epoxy), By Vehicle Age (Less than 5 Years, 5-10 Years and More than 10 Years), By Vehicle Type (Cars, Two-wheelers, Commercial Vehicles) and Regional Forecasts, 2022-2032

PRODUCT OVERVIEW

Automotive Refinish Coatings Market size was USD 10.45 billion in 2021 and projected t%li%grow from USD 11.6 billion in 2023 t%li%USD 18.7 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period.

Automotive refinish coatings are used in automotive shops and repair garages for refinishing the vehicles. The automotive refinish coatings help in improving the appearance and strength of the vehicles along with increasing the demand for recreational vehicles. Automotive refinish coatings covers the painting of vehicles like trucks, cars and other vehicles. It may be done partially or totally as per the necessity for the parts of vehicles, mostly after completing the repair of vehicles. The count of vehicle collisions is increasing on a large scale which can be prevented by elevation using the refinish coatings.

MARKET HIGHLIGHTS

Automotive refinish coatings Market is expected t%li%reach USD 18.7 billion, growing at a CAGR of 5.5% during forecast period. The growing requirement for recreational, repair and maintenance activities of vehicles is expected t%li%boost the growth of the market. The increasing road accidents denote the major necessity of Refinish Coatings, thereby having positive impact on the demand for automotive refinish coatings worldwide. The increasing sales of luxury vehicles due t%li%urbanization and high income is driving the demand for automotive refinish coatings and will boost the market growth.

Automotive Refinish Coatings Market Segments:
  • Product Type
  • Clearcoat
  • Activator
  • Primer
  • Others
  • Technology
  • UV-Cured Coatings
  • Solvent borne
  • Water-borne Coatings
  • Others
  • Resin
  • Alkyd
  • Polyurethane
  • Acrylic
  • Epoxy
  • Vehicle Age
  • Less than 5 Years
  • 5-10 Years
  • More than 10 Years
  • Vehicle Type
  • Cars
  • Two-wheelers
  • Commercial Vehicles
MARKET DYNAMICS

Growth Drivers

Growing Trend of Vehicle Customization is Expected t%li%Drive the Growth of the Market

The Advancements in Production Technologies is Expected t%li%Drive the Growth of the Market

Restraint

Toxicity Associated with the Refinish Coatings May Hamper the Market Growth

Key Players
  • BASF SE
  • 3M Company
  • Nippon Paint Holdings Co. Ltd.
  • Axalta Coating Systems Ltd.
    • Akz%li%Nobel N.V.
  • Clariant AG
  • Sherwin-Williams Company
  • Dupont De Nemours Inc.
  • KCC Corporation
  • Kansai Paint Co. Ltd.
  • PPG Industries Inc.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY

1.1.Regional Market Share
1.2. Business Trends
1.3. Automotive Refinish Coatings Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1. Market Definition
3.2.Automotive Refinish Coatings Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data

4. AUTOMOTIVE REFINISH COATINGS MARKET – INDUSTRY INSIGHTS

4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7.MARKET DYNAMICS

7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends

8. RISK ANALYSIS

9. MARKET ANALYSIS

9.1. Porters Five Forces
9.2.PEST Analysis
  9.2.1. Political
  9.2.2.Economic
  9.2.3.Social
  9.2.4.Technological

10. AUTOMOTIVE REFINISH COATINGS MARKET

10.1.Overview
10.2. Historical Analysis (2016-2021)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11.AUTOMOTIVE REFINISH COATINGS MARKET SIZE & FORECAST 2022A-2032F

11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
  11.3.1.By Product Type
    11.3.1.1. Clearcoat
      11.3.1.1.1. By Value (USD Million) 2022-2032F
      11.3.1.1.2.Market Share (%) 2022-2032F
      11.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
    11.3.1.2.Activator
      11.3.1.2.1.By Value (USD Million) 2022-2032F
      11.3.1.2.2. Market Share (%) 2022-2032F
      11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.3.Primer
      11.3.1.3.1.By Value (USD Million) 2022-2032F
      11.3.1.3.2. Market Share (%) 2022-2032F
      11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.4.Others
      11.3.1.4.1.By Value (USD Million) 2022-2032F
      11.3.1.4.2. Market Share (%) 2022-2032F
      11.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
  11.3.2. By Technology
    11.3.2.1.UV-Cured Coatings
      11.3.2.1.1.By Value (USD Million) 2022-2032F
      11.3.2.1.2. Market Share (%) 2022-2032F
      11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
    11.3.2.2. Solvent borne
      11.3.2.2.1. By Value (USD Million) 2022-2032F
      11.3.2.2.2.Market Share (%) 2022-2032F
      11.3.2.2.3.Y-o-Y Growth (%) 2022-2032F
    11.3.2.3. Water-borne Coatings
      11.3.2.3.1. By Value (USD Million) 2022-2032F
      11.3.2.3.2.Market Share (%) 2022-2032F
      11.3.2.3.3.Y-o-Y Growth (%) 2022-2032F
    11.3.2.4. Other
      11.3.2.4.1. By Value (USD Million) 2022-2032F
      11.3.2.4.2.Market Share (%) 2022-2032F
      11.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
  11.3.3. By Resin
    11.3.3.1.Alkyd
      11.3.3.1.1.By Value (USD Million) 2022-2032F
      11.3.3.1.2. Market Share (%) 2022-2032F
      11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
    11.3.3.2. Polyurethane
      11.3.3.2.1. By Value (USD Million) 2022-2032F
      11.3.3.2.2.Market Share (%) 2022-2032F
      11.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.3. Acrylic
      11.3.3.3.1. By Value (USD Million) 2022-2032F
      11.3.3.3.2.Market Share (%) 2022-2032F
      11.3.3.3.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.4. Epoxy
      11.3.3.4.1. By Value (USD Million) 2022-2032F
      11.3.3.4.2. Market Share (%) 2022-2032F
      11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
  11.3.4. By Vehicle Age
    11.3.4.1.Less than 5 Years
      11.3.4.1.1.By Value (USD Million) 2022-2032F
      11.3.4.1.2. Market Share (%) 2022-2032F
      11.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
    11.3.4.2. 5-10 Years
      11.3.4.2.1. By Value (USD Million) 2022-2032F
      11.3.4.2.2.Market Share (%) 2022-2032F
      11.3.4.2.3. Y-o-Y Growth (%) 2022-2032F
    11.3.4.3. More than 10 Years
      11.3.4.3.1. By Value (USD Million) 2022-2032F
      11.3.4.3.2. Market Share (%) 2022-2032F
      11.3.4.3.3. Y-o-Y Growth (%) 2022-2032F
  11.3.5. By Vehicle Type
    11.3.5.1.Cars
      11.3.5.1.1.By Value (USD Million) 2022-2032F
      11.3.5.1.2. Market Share (%) 2022-2032F
      11.3.5.1.3. Y-o-Y Growth (%) 2022-2032F
    11.3.5.2. Two-wheelers
      11.3.5.2.1. By Value (USD Million) 2022-2032F
      11.3.5.2.2.Market Share (%) 2022-2032F
      11.3.5.2.3.Y-o-Y Growth (%) 2022-2032F
    11.3.5.3. Commercial Vehicles
      11.3.5.3.1. By Value (USD Million) 2022-2032F
      11.3.5.3.2.Market Share (%) 2022-2032F
      11.3.5.3.3.Y-o-Y Growth (%) 2022-2032F

12. NORTH AMERICA AUTOMOTIVE REFINISH COATINGS MARKET SIZE & FORECAST 2022A-2032F

12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Product Type
  12.3.2.By Technology
  12.3.3.By Resin
  12.3.4.By Vehicle Age
  12.3.5.By Vehicle Type
12.4. Country
  12.4.1.United States
  12.4.2. Canada

13. EUROPE AUTOMOTIVE REFINISH COATINGS MARKET SIZE & FORECAST 2022A-2032F

13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1. By Product Type
  13.3.2.By Technology
  13.3.3.By Resin
  13.3.4.By Vehicle Age
  13.3.5.By Vehicle Type
13.4. Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14. ASIA AUTOMOTIVE REFINISH COATINGS MARKET SIZE & FORECAST 2022A-2032F

14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
  14.3.1. By Product Type
  14.3.2.By Technology
  14.3.3.By Resin
  14.3.4. By Vehicle Age
  14.3.5.By Vehicle Type
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4. Japan
  14.4.5. Rest of APAC

15. MIDDLE EAST AND AFRICA AUTOMOTIVE REFINISH COATINGS MARKET SIZE & FORECAST 2022A-2032F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1. By Product Type
  15.3.2.By Technology
  15.3.3.By Resin
  15.3.4.By Vehicle Age
  15.3.5.By Vehicle Type
15.4. Country
  15.4.1.Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4. South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA AUTOMOTIVE REFINISH COATINGS MARKET SIZE & FORECAST 2022A-2032F

16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1. By Product Type
  16.3.2.By Technology
  16.3.3.By Resin
  16.3.4.By Vehicle Age
  16.3.5.By Vehicle Type
16.4. Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1. Company market share, 2021
17.2.Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1.BASF SE
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2. Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. 3M Company
18.3. Nippon Paint Holdings Co. Ltd.
18.4.Axalta Coating Systems Ltd.
18.5. Akzo Nobel N.V.
18.6. Clariant AG
18.7. Sherwin-Williams Company
18.8.Dupont De Nemours Inc.
18.9. KCC Corporation
18.10.Kansai Paint Co. Ltd.
18.11.PPG Industries Inc.
18.12.Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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