The global demand for Automotive Refinish Coatings Market is presumed to reach the market size of nearly USD 16.72 Billion by 2032 from USD 10.6 Billion in 2023 with a CAGR of 5.19% under the study period 2024 - 2032.
Automotive refinish coating is a type of coating used in an automotive repair center or body shop for refinishing vehicles. Coatings are applied on vehicles to cover up damages caused by external factors such as climate, road accidents, foreign particles such as stones, debris, and rubble, and accidents.
Market Dynamics
The increasing investment of consumers towards the maintenance of vehicles is driving the automotive refinish coating market growth. Moreover, the growing automotive industry in emerging economies like Asia-Pacific is again fueling market growth. However, fluctuating raw material prices of coating materials could hinder the market growth.
The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of automotive refinish coatings.
Market Segmentation
The study offers a decisive view of the global automotive refinish coatings market by segmenting it in terms of material type, coating structure, vehicle type, and resin type. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Material Type
- Powder Based
- Water-Borne Coatings
- Solvent-Borne Coatings
- UV-Based
- Others
By Coating Structure
- Base Coat
- Primer
- Clear Coat
- Top Coat
By Vehicle Type
- Passenger Cars
- LCV
- HCV
- Others
By Resin Type
- Polyurethane
- Acrylic
- Epoxy
- Vinyl
- Polyester
- Alkyd
- Others
By Application
- Door Frame
- Roofing
- Bumper
- Hood
- Bonnet
- Others
Regional Analysis
This section covers automotive refinish coatings market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global automotive refinish coatings market along with the individual application segment across all the prominent region.
Global Automotive Refinish Coatings Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Automotive Refinish Coatings market are AkzoNobel, BASF SE, PPG Industries, Axalta Coating Systems, 3M Company, Clariant AG, Kansai Paints Co. Ltd., Nippon Paint Holdings Co. Ltd., The Sherwin-Williams Company, KCC Corporation. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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