The global refinish paints market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of the market can be attributed to the increasing demand for refinish paints in passenger cars and commercial vehicles, owing to their high-end features and durability. Passenger cars are expected to account for a major share in the global refinish paints market due to their increasing demand in emerging economies such as China and India, which are witnessing rapid economic growth.
Powder is expected to account for a major share in the global refinish paints market due its low cost and ease of application process. Waterborne is also projected to witness significant growth during the forecast period owing its eco-friendly nature and low VOC content that makes it suitable for use indoors or outdoors without any restrictions on ventilation requirements or other safety measures required by solventborne paint products.
Some Of The Growth Factors Of This Market:
- Increasing demand for automotive paint and coatings in emerging economies such as China and India is also driving the growth of the global refinish paints market.
- Increasing awareness about environmental issues has led to increased adoption of water-based products over solvent-based products in recent years.
- Stringent regulations on emissions have led manufacturers to adopt water-based products over solvent-based ones.
Industry Growth Insights published a new data on “Refinish Paints Market”. The research report is titled “Refinish Paints Market research by Types (Powder, Waterborne, Solventborne), By Applications (Passenger Cars, Commercial Vehicles), By Players/Companies Axalta (US), PPG Industries (US), BASF (Germany), Sherwin-Williams (US), 3M (US), Kansai Paint (Japan), Nippon Paint (Japan), KCC Corporation (Korea), AkzoNobel (Netherlands), Donglai Coating, Novol, Noroo Paint & Coatings, Lubrizol, Kapci Coatings, Cresta Paint Industries, TOA Performance Coating, HME Paints, WEG Group, Samhwa Paints Industrial, Alps Coatings, Guangzhou Zhenroumei Chemical Coatings”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Refinish Paints Market Research Report
By Type
Powder, Waterborne, Solventborne
By Application
Passenger Cars, Commercial Vehicles
By Companies
Axalta (US), PPG Industries (US), BASF (Germany), Sherwin-Williams (US), 3M (US), Kansai Paint (Japan), Nippon Paint (Japan), KCC Corporation (Korea), AkzoNobel (Netherlands), Donglai Coating, Novol, Noroo Paint & Coatings, Lubrizol, Kapci Coatings, Cresta Paint Industries, TOA Performance Coating, HME Paints, WEG Group, Samhwa Paints Industrial, Alps Coatings, Guangzhou Zhenroumei Chemical Coatings
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Refinish Paints Market Report Segments:
The global Refinish Paints market is segmented on the basis of:
Types
Powder, Waterborne, Solventborne
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 Cars, Commercial Vehicles
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:
- Axalta (US)
- PPG Industries (US)
- BASF (Germany)
- Sherwin-Williams (US)
- 3M (US)
- Kansai Paint (Japan)
- Nippon Paint (Japan)
- KCC Corporation (Korea)
- AkzoNobel (Netherlands)
- Donglai Coating
- Novol
- Noroo Paint & Coatings
- Lubrizol
- Kapci Coatings
- Cresta Paint Industries
- TOA Performance Coating
- HME Paints
- WEG Group
- Samhwa Paints Industrial
- Alps Coatings
- Guangzhou Zhenroumei Chemical Coatings
Highlights of The Refinish Paints 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:
- Powder
- Waterborne
- Solventborne
- By Application:
- Passenger Cars
- Commercial Vehicles
- 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 Paints 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.
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- Correctly Positioning New Products
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- Understanding Competition Scenario
- Product & Brand Management
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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 paints are a type of paint that are designed to be used on wood, metal, and other surfaces. They come in a variety of colors and can be used to give the surface a new look.
Some of the major companies in the refinish paints market are Axalta (US), PPG Industries (US), BASF (Germany), Sherwin-Williams (US), 3M (US), Kansai Paint (Japan), Nippon Paint (Japan), KCC Corporation (Korea), AkzoNobel (Netherlands), Donglai Coating, Novol, Noroo Paint & Coatings, Lubrizol, Kapci Coatings, Cresta Paint Industries, TOA Performance Coating, HME Paints, WEG Group, Samhwa Paints Industrial, Alps Coatings, Guangzhou Zhenroumei Chemical Coatings.
The refinish paints market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Refinish Paints Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Refinish Paints Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Refinish Paints Market - Supply Chain
4.5. Global Refinish Paints Market Forecast
4.5.1. Refinish Paints Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Refinish Paints Market Size (000 Units) and Y-o-Y Growth
4.5.3. Refinish Paints Market Absolute $ Opportunity
5. Global Refinish Paints Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Refinish Paints Market Size and Volume Forecast by Type
5.3.1. Powder
5.3.2. Waterborne
5.3.3. Solventborne
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Refinish Paints Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Refinish Paints Market Size and Volume Forecast by Application
6.3.1. Passenger Cars
6.3.2. Commercial Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Refinish Paints Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Refinish Paints Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Refinish Paints Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Refinish Paints Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Refinish Paints Demand Share Forecast, 2019-2026
9. North America Refinish Paints Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Refinish Paints Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Refinish Paints Market Size and Volume Forecast by Application
9.4.1. Passenger Cars
9.4.2. Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Refinish Paints Market Size and Volume Forecast by Type
9.7.1. Powder
9.7.2. Waterborne
9.7.3. Solventborne
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Refinish Paints Demand Share Forecast, 2019-2026
10. Latin America Refinish Paints Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Refinish Paints Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Refinish Paints Market Size and Volume Forecast by Application
10.4.1. Passenger Cars
10.4.2. Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Refinish Paints Market Size and Volume Forecast by Type
10.7.1. Powder
10.7.2. Waterborne
10.7.3. Solventborne
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Refinish Paints Demand Share Forecast, 2019-2026
11. Europe Refinish Paints Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Refinish Paints Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Refinish Paints Market Size and Volume Forecast by Application
11.4.1. Passenger Cars
11.4.2. Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Refinish Paints Market Size and Volume Forecast by Type
11.7.1. Powder
11.7.2. Waterborne
11.7.3. Solventborne
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Refinish Paints Demand Share, 2019-2026
12. Asia Pacific Refinish Paints Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Refinish Paints Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Refinish Paints Market Size and Volume Forecast by Application
12.4.1. Passenger Cars
12.4.2. Commercial Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Refinish Paints Market Size and Volume Forecast by Type
12.7.1. Powder
12.7.2. Waterborne
12.7.3. Solventborne
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Refinish Paints Demand Share, 2019-2026
13. Middle East & Africa Refinish Paints Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Refinish Paints Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Refinish Paints Market Size and Volume Forecast by Application
13.4.1. Passenger Cars
13.4.2. Commercial Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Refinish Paints Market Size and Volume Forecast by Type
13.7.1. Powder
13.7.2. Waterborne
13.7.3. Solventborne
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Refinish Paints Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Refinish Paints Market: Market Share Analysis
14.2. Refinish Paints Distributors and Customers
14.3. Refinish Paints Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Axalta (US)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PPG Industries (US)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BASF (Germany)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sherwin-Williams (US)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. 3M (US)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kansai Paint (Japan)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nippon Paint (Japan)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KCC Corporation (Korea)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AkzoNobel (Netherlands)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Donglai Coating
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Novol
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Noroo Paint & Coatings
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lubrizol
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kapci Coatings
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Cresta Paint Industries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. TOA Performance Coating
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. HME Paints
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. WEG Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Samhwa Paints Industrial
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Alps Coatings
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
