Refinish Paint Market – Growth, Overview & Outlook

The global refinish paint market is projected to grow at a CAGR of around 4%, in value terms, during 2022-2027. The increasing number demand for cars in emerging economies, the rising income of the middle-class population, and the increased propensity of car owners to repair their vehicle is expected to drive growth in refinish paints market. Expansion of global players, increasing demand for refinish coating from various end-users, and growing use of refinish paint in various industries are expected to fuel the demand for refinish paint across the globe.

Some of the major players operating in the Global Refinish Paints market

1. Axalta Coating Systems
2. PPG Industries
3. BASF AkzoNobel
4. Sherwin-Williams
5. 3M
6. Kansai Paint
7. Nippon Paint
8. KCC
9. Donglai Coating etc.

The Objective of the Study: 

• To analyze and forecast the market size of the global Refinish paint market, in terms of value.
• To define, classify and forecast the global refinish paints market on the bases of resin, technology, vehicle, layer, and region.
• To scrutinize the detailed market segmentation and forecast the market size, in terms of value, based on the region by segmenting the global refinish paint market into five regions, namely, North America, South America, Europe, Asia Pacific, and MEA.
• To identify tailwinds and headwinds for the global refinish paints market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions in the global Refinish Paint market.
• to strategically profile the leading players, which are involved in the manufacturing or supply of refinish paint globally.

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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of refinish paint manufacturers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research was able to include providers that could not be identified due to the limitations of secondary research. TechSci Research analyzed conductor and insulation material. end user and regional presence of all major refinish paint manufacturers across the globe.

TechSci Research calculated the market size for the global Refinish Paints market using a bottom-up approach, where manufacturers’ value data for resin type (polyurethane, epoxy, acrylic & others) refinish paint was recorded as well as a forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical sales data of respective providers or manufacturers to arrive at the overall market size. Various secondary sources such as companies, white papers, investor presentations, and financial reports were also used by TechSci Research.

Key Target Audience:

• Global refinish paint manufacturers
• Research organizations and consulting companies
• Organizations, associations, and alliances related to refinish paint manufacturing
• Government bodies such as regulating authorities and policymakers.
• Industry associations
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as refinish paint manufacturers and policy makers, and which market segments should be targeted over the coming years (next five years) to strategize investments and capitalize on the growth of the market.

Report Scope:

In this report, the global refinish paint market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Refinish Paint Market, by Resin:
  • Global Refinish Paints Market
    • Polyurethane
    • Epoxy
    • Acrylic
    • Others
• Refinish Paint Market, by Conductor:
  • • Copper
    • Aluminium
• Refinish Paint Market, by Technology:
  • • Solventborne
    • Waterborne
    • Powder
• Refinish Paint Market, by Vehicle:
  • • Passenger Car
    •  LCV
    •  ruck
    •  Bus
• Refinish Paints Market, by Layer:
  • • Clearcoat
    •  Basecoat
    •  Primer
    •  Sealer
• Refinish Paint Market, by Region:
  • North America

• United States
• Canada
• Mexico
• Rest of North America

• • Europe

• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe

• • Asia Pacific

• China
• Japan
• South Korea
• Australia
• India
• Rest of APAC

• • South America

• Brazil
• Argentina
• Colombia
• Rest of South America

• • MEA

• Saudi Arabia
• UAE
• Iraq
• South Africa
• Rest of MEA

Competitive Landscape

Competition Benchmarking: Benchmarking of leading players

Company Profiles: Detailed analysis of the major companies present in the Global Refinish Paint Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

• Detailed list of manufacturers across the regions.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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Table of Content

     1. Product Overview

2. Research Methodology
3. Impact of COVID-19 on the Global Refinish Paint Market
4. Executive Summary
5. Voice of Customer
6. Global Refinish Paints Market Outlook 

6.1.     Market Size & Forecast

6.1.1.  By Value

6.2.     Market Share & Forecast

6.2.1.  By Resin (Polyurethane, Epoxy, Acrylic & Others)

6.2.2.  By Technology (Solventborne, Waterborne & Powder)

6.2.3.  By Vehicle (Passenger Car, LCV, Truck & Bus)

6.2.4.  By Layer (Clearcoat, Basecoat, Primer & Sealer)

6.2.5.  By Company

6.2.6.  By Region

6.3.     Market Attractiveness Index (By Application, By Form & By Region)

7. Asia-Pacific Refinish Paint Market Outlook

7.1.     Market Size & Forecast

7.1.1.   By Value

7.2.      Market Share & Forecast

7.2.1.  By Resin (Polyurethane, Epoxy, Acrylic & Others)

7.2.2.  By Technology (Solventborne, Waterborne & Powder)

7.2.3.  By Vehicle (Passenger Car, LCV, Truck & Bus)

7.2.4.  By Layer (Clearcoat, Basecoat, Primer & Sealer)

7.2.5.  By Country (China, Japan, India, South Korea, Australia & Rest of Asia Pacific)

7.2.5.1. China Refinish Paint Market Outlook

7.2.5.1.1. Market Size & Forecast

7.2.5.1.1.1. By Value

7.2.5.1.2. Market Share & Forecast

7.2.5.1.2.1. By Resin (Polyurethane, Epoxy, Acrylic & Others)

7.2.5.1.2.2. By Technology (Solventborne, Waterborne & Powder)

7.2.5.1.2.3. By Vehicle (Passenger Car, LCV, Truck & Bus)

7.2.5.1.2.4. By Layer (Clearcoat, Basecoat, Primer & Sealer)

7.2.5.2. India Refinish Paint Market Outlook

7.2.5.2.1. Market Size & Forecast

7.2.5.2.1.1. By Value

7.2.5.2.2. Market Share & Forecast

7.2.5.2.2.1. By Resin (Polyurethane, Epoxy, Acrylic & Others)

7.2.5.2.2.2. By Technology (Solventborne, Waterborne & Powder)

7.2.5.2.2.3. By Vehicle (Passenger Car, LCV, Truck & Bus)

7.2.5.2.2.4. By Layer (Clearcoat, Basecoat, Primer & Sealer)

7.2.5.3. Japan Refinish Paint Market Outlook

7.2.5.3.1. Market Size & Forecast

7.2.5.3.1.1. By Value

7.2.5.3.2. Market Share & Forecast

7.2.5.3.2.1. By Resin (Polyurethane, Epoxy, Acrylic & Others)

7.2.5.3.2.2. By Technology (Solventborne, Waterborne & Powder)

7.2.5.3.2.3. By Vehicle (Passenger Car, LCV, Truck & Bus)

7.2.5.3.2.4. By Layer (Clearcoat, Basecoat, Primer & Sealer)

7.2.5.4. Australia Refinish Paint Market Outlook

7.2.5.4.1. Market Size & Forecast

7.2.5.4.1.1. By Value

7.2.5.4.2. Market Share & Forecast

7.2.5.4.2.1. By Resin (Polyurethane, Epoxy, Acrylic & Others)

7.2.5.4.2.2. By Technology (Solventborne, Waterborne & Powder)

7.2.5.4.2.3. By Vehicle (Passenger Car, LCV, Truck & Bus)

7.2.5.4.2.4. By Layer (Clearcoat, Basecoat, Primer & Sealer)

7.2.5.5. South Korea Refinish Paint Market Outlook

7.2.5.5.1. Market Size & Forecast

7.2.5.5.1.1. By Value

7.2.5.5.2. Market Share & Forecast

7.2.5.5.2.1. By Resin (Polyurethane, Epoxy, Acrylic & Others)

7.2.5.5.2.2. By Technology (Solventborne, Waterborne & Powder)

7.2.5.5.2.3. By Vehicle (Passenger Car, LCV, Truck & Bus)

7.2.5.5.2.4. By Layer (Clearcoat, Basecoat, Primer & Sealer)