Market Overview:
The global refinish paint for automotive market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. In terms of type, solvent borne segment is expected to account for a major share of the global refinish paint for automotive market during the forecast period. This can be attributed to its properties such as high gloss finish, excellent hiding power and fast drying time which make it suitable for use in various applications such as repair & restoration, custom painting etc.
Product Definition:
Refinish paint is a type of automotive paint that is used to refinish or repaint a car. It is thicker than regular automotive paint and can be applied in layers to create a smooth, glossy finish. Refinish paint is available in a wide variety of colors and can be used on both metal and plastic surfaces.
Solvent Borne:
Solvent borne paints are expected to witness significant growth in refinish paint market on account of its increasing demand from automotive industry. Solvent borne paints have high solid content and low VOC content which makes them suitable for use in interior applications. The growing demand for solvent-borne coatings is attributed to their ability to provide excellent adhesion, color consistency, and UV protection along with improved surface finish over conventional water-based or solvent based coatings.
Water Borne:
Water borne and it’s usage in refinish paint for automotive market is expected to witness significant growth over the forecast period. The demand for waterborne paints is increasing owing to its various advantages such as low VOC content, quick drying time, and easy application. These paints are widely used by auto body shops, repair facilities, collision repair centers and also by DIY enthusiasts which will propel industry growth over the next seven years.
Application Insights:
Passenger vehicle application dominated the global refinish paint for automotive market, accounting for more than 60.0% share of the total revenue in 2017. Rising demand from end-users due to aesthetic appeal and improved surface smoothness is expected to have a positive impact on segment growth over the forecast period.
Commercial vehicle application is anticipated to witness significant growth over the forecast period owing to rising demand from construction and mining industries across various regions including Asia Pacific, Latin America, and Middle East & Africa. In addition, increasing penetration of commercial vehicles in developing countries such as India and China will further boost product consumption in this segment during future years.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017. The region is expected to witness a considerable growth rate of 4.2% from 2018 to 2030 due to increasing demand for luxury vehicles and rising consumer disposable income levels, which will drive the demand for new cars and commercial vehicles in the region.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 5.0% during the forecast period owing to rapid industrialization along with growing automotive industry mainly in China, India, Japan, South Korea and Taiwan that are major consumers as well as producers of refinish paints globally resulting into high product demand on account of its excellent performance characteristics including resistance against climatic conditions such as heat & moisture.
Growth Factors:
- Increasing demand for automobiles: The global automobile production is expected to grow at a CAGR of more than 3% during the forecast period. This will lead to an increase in the demand for refinish paint, as it is used to restore the appearance of automobiles.
- Rising disposable income: The growth in disposable income across emerging economies will result in an increase in the demand for premium cars, which will require refinish paint with better quality and durability.
- Technological advancements: The development of new technologies such as waterborne coatings and powder coatings is expected to boost the market growth during the forecast period. These technologies offer better performance and are environment-friendly, thus resulting in their increasing adoption by automotive OEMs and refinishers worldwide.
- Stringent environmental regulations: Stringent environmental regulations regarding VOC emissions are encouraging OEMs and refinishers to adopt waterborne coatings technology, which results in lesser emissions compared with solvent-based systems.. This is anticipated to drive market growth over the next few years.. 5 Emerging markets: Rapid economic development coupled with rising consumer spending power is leading to an increase in vehicle ownership levels across emerging markets such as China, India, Brazil etc., thereby fuelingthe demand for refinish paints
Scope Of The Report
Report Attributes
Report Details
Report Title
Refinish Paint for Automotive Market Research Report
By Type
Solvent Borne, Water Borne, Others
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
PPG Industries, Sherwin-Williams (Valspar), Axalta Coating Systems, Akzo Nobel, BASF, 3M, Kansai Paint, Nippon Paint, KCC, Donglai Coating, PPG Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Refinish Paint for Automotive Market Report Segments:
The global Refinish Paint for Automotive market is segmented on the basis of:
Types
Solvent Borne, Water Borne, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPG Industries
- Sherwin-Williams (Valspar)
- Axalta Coating Systems
- Akzo Nobel
- BASF
- 3M
- Kansai Paint
- Nippon Paint
- KCC
- Donglai Coating
- PPG Industries
Highlights of The Refinish Paint for Automotive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent Borne
- Water Borne
- Others
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Refinish Paint for Automotive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Refinish paint is a type of automotive paint that is used to restore the original color and finish of a car. It can be used on cars that have been damaged or faded, and it can help to make the car look new again.
Some of the major players in the refinish paint for automotive market are PPG Industries, Sherwin-Williams (Valspar), Axalta Coating Systems, Akzo Nobel, BASF, 3M, Kansai Paint, Nippon Paint, KCC, Donglai Coating, PPG Industries.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refinish Paint for Automotive Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Refinish Paint for Automotive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refinish Paint for Automotive Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Refinish Paint for Automotive Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Refinish Paint for Automotive Market Size & Forecast, 2018-2028
4.5.1 Refinish Paint for Automotive Market Size and Y-o-Y Growth
4.5.2 Refinish Paint for Automotive Market Absolute $ Opportunity
Chapter 5 Global Refinish Paint for Automotive Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Refinish Paint for Automotive Market Size Forecast by Type
5.2.1 Solvent Borne
5.2.2 Water Borne
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Refinish Paint for Automotive Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Refinish Paint for Automotive Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refinish Paint for Automotive Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Refinish Paint for Automotive Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Refinish Paint for Automotive Analysis and Forecast
9.1 Introduction
9.2 North America Refinish Paint for Automotive Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Refinish Paint for Automotive Market Size Forecast by Type
9.6.1 Solvent Borne
9.6.2 Water Borne
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Refinish Paint for Automotive Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Refinish Paint for Automotive Analysis and Forecast
10.1 Introduction
10.2 Europe Refinish Paint for Automotive Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Refinish Paint for Automotive Market Size Forecast by Type
10.6.1 Solvent Borne
10.6.2 Water Borne
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Refinish Paint for Automotive Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Refinish Paint for Automotive Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Refinish Paint for Automotive Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Refinish Paint for Automotive Market Size Forecast by Type
11.6.1 Solvent Borne
11.6.2 Water Borne
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Refinish Paint for Automotive Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Refinish Paint for Automotive Analysis and Forecast
12.1 Introduction
12.2 Latin America Refinish Paint for Automotive Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Refinish Paint for Automotive Market Size Forecast by Type
12.6.1 Solvent Borne
12.6.2 Water Borne
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Refinish Paint for Automotive Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Refinish Paint for Automotive Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Refinish Paint for Automotive Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Refinish Paint for Automotive Market Size Forecast by Type
13.6.1 Solvent Borne
13.6.2 Water Borne
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Refinish Paint for Automotive Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Refinish Paint for Automotive Market: Competitive Dashboard
14.2 Global Refinish Paint for Automotive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG Industries
14.3.2 Sherwin-Williams (Valspar)
14.3.3 Axalta Coating Systems
14.3.4 Akzo Nobel
14.3.5 BASF
14.3.6 3M
14.3.7 Kansai Paint
14.3.8 Nippon Paint
14.3.9 KCC
14.3.10 Donglai Coating
14.3.11 PPG Industries
