The Business Research Company’s report on the Automotive Refinish Coatings Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the automotive refinish coatings market?
The rising number of accidents is expected to propel the growth of the automotive refinish coatings market going forward. Accidents refer to any injury due to crashes involving a vehicle partially or fully on a public road. Automotive refinish coatings help to cover the damages caused to the vehicle body due to accidents. For instance, in June 2024, according to the National Highway Traffic Safety Administration, a US-based government department, in 2022 an estimated 2.38 million people were injured in motor vehicle traffic crashes, compared to 2.50 million in 2021. Therefore, the rising number of accidents is driving the growth of the automotive refinish coatings market.
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Automotive Refinish Coatings Market Report 2025, Growth And Share Sample
How has the automotive refinish coatings market size evolved, and what are the latest forecasts for its expansion?
The automotive refinish coatings market size has grown strongly in recent years. It will grow from $9.7 billion in 2024 to $10.24 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to automotive repair and maintenance, increased number of vehicles on the road, aging vehicle fleet, rising incidence of accidents, consumer preferences for aesthetics, global expansion of automotive market.
The automotive refinish coatings market size is expected to see strong growth in the next few years. It will grow to $13.16 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to advancements in coating formulations, increased emphasis on sustainability, rise in demand for high-performance coatings, digital color matching solutions, globalization of automotive repair chains, changing consumer preferences. Major trends in the forecast period include technological advancements in coating formulations, waterborne coatings for environmental compliance, rise in adoption of UV-cured coatings, growing popularity of matte finishes, rising adoption of clearcoat technologies, increased investment in training and certification.
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Which major companies dominate the automotive refinish coatings market?
Major companies operating in the automotive refinish coatings market are KCC Corporation, BASF SE, PPG Industries Inc., Nippon Paint Holdings Company Limited, KAPCI Coatings Company, The Valspar Corporation, The Sherwin-Williams Company, 3M Company, Akzo Nobel N.V., Kansai Paint Company Limited, Bernardo Ecenarro SA, SEM Products Inc., Sheboygan Paint Company, Cresta Paint Industries Limited, Alps Coating Sdn Bhd, Masco Corporation, Jotun AS, Hempel A/S, Berger Paints Ltd., Lord Corporation, Beckers Group, Cabot Corporation, HMG Paints Limited, Shanghai Kinlita Chemical Co. Ltd., Tikkurila Oyj, Karl WÖRwag Lack- Und Farbenfabrik Gmbh & Co. Kg, Duluxgroup (Investments) Pty. Ltd., Carpoly Co. Ltd., Kangnam Jevesco Co. Ltd., Mankiewicz Gebr. & Co., Shawcor Ltd.
What trends will shape the future of the automotive lead acid batteries market?
Technological advancements are the key trend gaining popularity in the automotive refinish coatings market. Major companies operating in the market are introducing advanced technological solutions to sustain their position in the market. For instance, in November 2023: PPG Industries, Inc., a US-based paint and coating manufacturing company, launched the PPG DP7000 Air-Dry Primer across the automotive refinish markets in Europe, the Middle East, and Africa. This premium two-pack acrylic primer complies with European volatile organic compound (VOC) regulations and is compatible with PPG’s topcoat systems. Designed for fast air drying, it significantly enhances productivity and reduces energy consumption. PPG DP7000 dries up to twice as fast as competing technologies, operates in all humidity conditions, and supports baking or infrared curing when necessary. Its advanced features contribute to improved profitability for bodyshops while minimizing environmental impact.
Which region dominates the automotive refinish coatings market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the automotive refinish coatings market in 2024. The regions covered in the automotive refinish coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Automotive Refinish Coatings Market Report 2025, Growth And Share
How is the automotive refinish coatings market segmented, and which segment holds the largest share?
The automotive refinish coatings market covered in this report is segmented –
1) By Product Type: Primer, Basecoat, Clearcoat, Activator, Filler And Putty
2) By Technology: Solvent-borne Coatings, Water-Borne Coatings, UV-Cured Coatings, High Solid Coatings, Powder Coatings
3) By Resin: Polyurethane, Alkyd, Acrylic, Epoxy
4) By Application: Passenger Cars, Commercial Vehicles, Two-Wheeler
5) By End Use: OEM, Aftermarket
Subsegments:
1) By Primer: Epoxy Primers, Urethane Primers, Wash Primers
2) By Basecoat: Solvent-Based Basecoats, Water-Based Basecoats, Metallic Basecoats
3) By Clearcoat: Urethane Clearcoats, Acrylic Clearcoats, High Solid Clearcoats
4) By Activator: Hardener Activators, Thinner Activators
5) By Filler And Putty: Polyester Fillers, Epoxy Fillers, Spot Putty
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Automotive Refinish Coatings Market Report 2025, Growth And Share
How is the automotive refinish coatings market defined, and what are its core characteristics?
Automotive refinish coatings refer to coatings that are made up of alkyd, polyurethane, and acrylic that are used by body shops and repair centers. The automotive refinish coatings are used in vehicles to cover the damages on the body of the vehicle that is caused by accidents, stones, or temperature.
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