The global refinish paints market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of the market can be attributed to the increasing demand for refinish paints in various applications such as automotive, furniture, and metal. The major players in this market are Sherwin-Williams Company (US), PPG Industries Inc, AkzoNobel N.V., Axalta Coating Systems Ltd, BASF SE, and Kansai Paint Co., Ltd .
Water based coatings accounted for the majority of the global refinish paints market share in 2018 due to their low cost and environmental friendliness; however, due to requirements of each country on environmental protection constantly improving, waterborne coatings will experience an accelerated growth rate in future years. For loend vehicles consumers will repair scratches after 5 years of use while owners of higend vehicles will repair them at any time due to different consumption behavior; luxury cars will consume more coatings than other cars because they are more expensive and have a longer life span than other cars which leads them to consume more paint over time.
Some Of The Growth Factors Of This Market:
- The global economy is expected to grow at a moderate pace in the coming years, which will lead to increased demand for new homes and commercial buildings.
- The increasing number of people living in urban areas will also drive demand for new homes and commercial buildings, as well as the need for paint products to cover these structures.
- Increasing environmental awareness has led to an increase in the use of paints that are low-VOC (volatile organic compounds) or zero-VOC, which are less harmful to human health and the environment than traditional paints.
- The growing middle class in emerging markets such as China and India will also contribute to growth in this market because they have more disposable income than ever before, which they can spend on home improvement projects such as painting their homes or offices with new colors or finishes that match their tastes and preferences better than what was available when they were growing up under a different economic system.
- As more people move into cities from rural areas around the world, there is an increased need for paint products that can withstand harsh weather conditions like extreme heat or cold temperatures without cracking or peeling off prematurely.
Industry Growth Insights published a new data on “Refinished Paints Market”. The research report is titled “Refinished Paints Market research by Types (Water Based Coatings, Solvent Based Coatings, Other, , Solvent-based coatings account for the majority of the market share, but due to the requirements of each country on environmental protection constantly improve, in the future, the growth rate of waterborne coatings will accelerate.), By Applications (Low-end Car, Mid-end Car, Luxury Cars, , For low-end vehicles, consumers will repair scratches after 3-5 years of use, while owners of high-end vehicles will repair them at any time. Due to the different consumption behavior of different cars, luxury cars will consume more coatings.), By Players/Companies Nippon Paint Holdings, BASF, The Sherwin-Williams Company, Speedo Kote, Kirker Automotive Finishes, Axalta, Kansai Paint, PPG Industries, KAPCI Coatings, AkzoNobel”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Refinished Paints Market Research Report
By Type
Water Based Coatings, Solvent Based Coatings, Other, , Solvent-based coatings account for the majority of the market share, but due to the requirements of each country on environmental protection constantly improve, in the future, the growth rate of waterborne coatings will accelerate.
By Application
Low-end Car, Mid-end Car, Luxury Cars, , For low-end vehicles, consumers will repair scratches after 3-5 years of use, while owners of high-end vehicles will repair them at any time. Due to the different consumption behavior of different cars, luxury cars will consume more coatings.
By Companies
Nippon Paint Holdings, BASF, The Sherwin-Williams Company, Speedo Kote, Kirker Automotive Finishes, Axalta, Kansai Paint, PPG Industries, KAPCI Coatings, AkzoNobel
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Refinished Paints Market Report Segments:
The global Refinished Paints market is segmented on the basis of:
Types
Water Based Coatings, Solvent Based Coatings, Other, , Solvent-based coatings account for the majority of the market share, but due to the requirements of each country on environmental protection constantly improve, in the future, the growth rate of waterborne coatings will accelerate.
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
Low-end Car, Mid-end Car, Luxury Cars, , For low-end vehicles, consumers will repair scratches after 3-5 years of use, while owners of high-end vehicles will repair them at any time. Due to the different consumption behavior of different cars, luxury cars will consume more coatings.
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:
- Nippon Paint Holdings
- BASF
- The Sherwin-Williams Company
- Speedo Kote
- Kirker Automotive Finishes
- Axalta
- Kansai Paint
- PPG Industries
- KAPCI Coatings
- AkzoNobel
Highlights of The Refinished 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:
- Water Based Coatings
- Solvent Based Coatings
- Other
- Solvent-based coatings account for the majority of the market share, but due to the requirements of each country on environmental protection constantly improve, in the future, the growth rate of waterborne coatings will accelerate.
- By Application:
- Low-end Car
- Mid-end Car
- Luxury Cars
- For low-end vehicles, consumers will repair scratches after 3-5 years of use, while owners of high-end vehicles will repair them at any time. Due to the different consumption behavior of different cars, luxury cars will consume more coatings.
- 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 Refinished 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
- Market Entry Strategies
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- 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?
Refinished paints are paints that have been restored to their original color and finish.
Some of the key players operating in the refinished paints market are Nippon Paint Holdings, BASF, The Sherwin-Williams Company, Speedo Kote, Kirker Automotive Finishes, Axalta, Kansai Paint, PPG Industries, KAPCI Coatings, AkzoNobel.
The refinished paints market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Refinished 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. Refinished Paints Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Refinished Paints Market - Supply Chain
4.5. Global Refinished Paints Market Forecast
4.5.1. Refinished Paints Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Refinished Paints Market Size (000 Units) and Y-o-Y Growth
4.5.3. Refinished Paints Market Absolute $ Opportunity
5. Global Refinished 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. Refinished Paints Market Size and Volume Forecast by Type
5.3.1. Water Based Coatings
5.3.2. Solvent Based Coatings
5.3.3. Other
5.3.5. Solvent-based coatings account for the majority of the market share, but due to the requirements of each country on environmental protection constantly improve, in the future, the growth rate of waterborne coatings will accelerate.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Refinished 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. Refinished Paints Market Size and Volume Forecast by Application
6.3.1. Low-end Car
6.3.2. Mid-end Car
6.3.3. Luxury Cars
6.3.5. For low-end vehicles, consumers will repair scratches after 3-5 years of use, while owners of high-end vehicles will repair them at any time. Due to the different consumption behavior of different cars, luxury cars will consume more coatings.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Refinished 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. Refinished 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 Refinished 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. Refinished 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 Refinished Paints Demand Share Forecast, 2019-2026
9. North America Refinished 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 Refinished 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 Refinished Paints Market Size and Volume Forecast by Application
9.4.1. Low-end Car
9.4.2. Mid-end Car
9.4.3. Luxury Cars
9.4.5. For low-end vehicles, consumers will repair scratches after 3-5 years of use, while owners of high-end vehicles will repair them at any time. Due to the different consumption behavior of different cars, luxury cars will consume more coatings.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Refinished Paints Market Size and Volume Forecast by Type
9.7.1. Water Based Coatings
9.7.2. Solvent Based Coatings
9.7.3. Other
9.7.5. Solvent-based coatings account for the majority of the market share, but due to the requirements of each country on environmental protection constantly improve, in the future, the growth rate of waterborne coatings will accelerate.
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 Refinished Paints Demand Share Forecast, 2019-2026
10. Latin America Refinished 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 Refinished 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 Refinished Paints Market Size and Volume Forecast by Application
10.4.1. Low-end Car
10.4.2. Mid-end Car
10.4.3. Luxury Cars
10.4.5. For low-end vehicles, consumers will repair scratches after 3-5 years of use, while owners of high-end vehicles will repair them at any time. Due to the different consumption behavior of different cars, luxury cars will consume more coatings.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Refinished Paints Market Size and Volume Forecast by Type
10.7.1. Water Based Coatings
10.7.2. Solvent Based Coatings
10.7.3. Other
10.7.5. Solvent-based coatings account for the majority of the market share, but due to the requirements of each country on environmental protection constantly improve, in the future, the growth rate of waterborne coatings will accelerate.
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 Refinished Paints Demand Share Forecast, 2019-2026
11. Europe Refinished 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 Refinished 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 Refinished Paints Market Size and Volume Forecast by Application
11.4.1. Low-end Car
11.4.2. Mid-end Car
11.4.3. Luxury Cars
11.4.5. For low-end vehicles, consumers will repair scratches after 3-5 years of use, while owners of high-end vehicles will repair them at any time. Due to the different consumption behavior of different cars, luxury cars will consume more coatings.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Refiished Paints Market Size and Volume Forecast by Type
11.7.1. Water Based Coatings
11.7.2. Solvent Based Coatings
11.7.3. Other
11.7.5. Solvent-based coatings account for the majority of the market share, but due to the requirements of each country on environmental protection constantly improve, in the future, the growth rate of waterborne coatings will accelerate.
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 Refinished Paints Demand Share, 2019-2026
12. Asia Pacific Refinished 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 Refinished 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 Refinished Paints Market Size and Volume Forecast by Application
12.4.1. Low-end Car
12.4.2. Mid-end Car
12.4.3. Luxury Cars
12.4.5. For low-end vehicles, consumers will repair scratches after 3-5 years of use, while owners of high-end vehicles will repair them at any time. Due to the different consumption behavior of different cars, luxury cars will consume more coatings.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Refinished Paints Market Size and Volume Forecast by Type
12.7.1. Water Based Coatings
12.7.2. Solvent Based Coatings
12.7.3. Other
12.7.5. Solvent-based coatings account for the majority of the market share, but due to the requirements of each country on environmental protection constantly improve, in the future, the growth rate of waterborne coatings will accelerate.
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 Refinished Paints Demand Share, 2019-2026
13. Middle East & Africa Refinished 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 Refinished 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 Refinished Paints Market Size and Volume Forecast by Application
13.4.1. Low-end Car
13.4.2. Mid-end Car
13.4.3. Luxury Cars
13.4.5. For low-end vehicles, consumers will repair scratches after 3-5 years of use, while owners of high-end vehicles will repair them at any time. Due to the different consumption behavior of different cars, luxury cars will consume more coatings.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Refinished Paints Market Size and Volume Forecast by Type
13.7.1. Water Based Coatings
13.7.2. Solvent Based Coatings
13.7.3. Other
13.7.5. Solvent-based coatings account for the majority of the market share, but due to the requirements of each country on environmental protection constantly improve, in the future, the growth rate of waterborne coatings will accelerate.
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 Refinished Paints Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Refinished Paints Market: Market Share Analysis
14.2. Refinished Paints Distributors and Customers
14.3. Refinished Paints Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nippon Paint Holdings
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The Sherwin-Williams Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Speedo Kote
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kirker Automotive Finishes
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Axalta
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kansai Paint
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. PPG Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KAPCI Coatings
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AkzoNobel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3.
