Automotive Refinish Coatings Market is predicted to reach USD 12.1 billion at a CAGR of 6.60% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Automotive Refinish Coatings Market” that contains information from 2023 to 2032. The Global Automotive Refinish Coatings Market is estimated to register a CAGR of 6.60% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Global Automotive Refinish Coatings Market— The Sherwin-Williams Company, Akzo Nobel N.V, Kansai Paint Co, Ltd, Covestro AG, Esdee Paints Limited, Axalta Coating Systems, The Lubrizol Corporation, Berger Paints India Limited, KCC Corporation, BASF SE, and Mitsui Chemicals Inc.

Automotive Refinish Coatings Market Highlights

Global Automotive Refinish Coatings Market is accounted to register a CAGR of 6.60% during the forecast period and is estimated to reach USD 12.1 Billion by 2032.

Automotive refinish coatings, also referred to as car refinishing paints, are specialized coatings applied to vehicles as part of the automotive repair and refinishing process. These coatings serve to restore and enhance the appearance of vehicles after damage or wear, providing an aesthetic finish that closely matches the original paint. By offering protection against environmental factors like UV radiation and moisture, these coatings prevent corrosion and rust on repaired surfaces. They consist of basecoats for color and coverage, and clearcoats for glossiness and protection, and are applied using professional techniques and equipment in controlled settings like auto body shops to achieve a high-quality and durable finish.

Segment Analysis

The Global Automotive Refinish Coatings Market has been segmented based on Product Type, Vehicle Type, Resin, and Technology.

Based on Product Type, the market is segmented into Primer, Clearcoat, Basecoat, Activator, Filler & Putty, and Others. The dominance of the Primer category in the SMC market is primarily due to its pivotal role in enhancing adhesion, surface preparation, and overall coating durability for optimal sheet molding compound applications.

Based on Vehicle Type, the market is segmented into Cars, Commercial Vehicle, Two-Wheelers, and Others. The Cars category dominates the SMC market due to its extensive adoption in automotive manufacturing for lightweight and durable components, driving advancements in fuel efficiency and design flexibility.

Based on Resin, the market is segmented into Polyurethane, Alkyd, Acrylic, Epoxy, and Others. The Polyurethane category dominates the SMC market due to its exceptional mechanical properties, versatility, and ability to create durable and lightweight composite products.

Based on Technology, the market is segmented into Solvent-Borne Coating, Water-Borne Coating, UV-Curved Coating, High Solid Coating, Powder Coating, and Others. The Solvent-Borne Coating category dominates the SMC market due to its established application versatility, ease of use, and reliable performance in delivering high-quality finishes to various composite products.

Regional Analysis

The Global Automotive Refinish Coatings Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Automotive Refinish Coatings Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Automotive Refinish Coatings Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Automotive Refinish Coatings Market comprises of Middle East, Africa, and Latin America.

The Asia Pacific market for automotive refinish coatings is set to dominate due to heightened demand in the automotive aftermarket for repair, maintenance, refurbishment, and protection applications, fostering growth in this sector. Additionally, China's market holds the leading share, while India exhibits the highest growth rate in the region.

In Europe, the automotive refinish coatings market secures the second-largest share, driven by a focus on research and development and innovative approaches to reducing cycle times. This approach encourages frequent use of automotive refinish coatings, stimulating market demand. Notably, Germany leads in market share, and the UK showcases the swiftest growth in the European region.

Foreseen as the fastest-growing market with the highest CAGR from 2023 to 2032, the North American automotive refinish coatings market flourishes due to increasing adoption for safeguarding vehicles from external factors and enhancing their visual appeal. The US commands the largest market share, while Canada exhibits the fastest growth in the North American region.

Key Findings of the Study

• The Global Automotive Refinish Coatings Market is expected to reach USD 12.1 Billion by 2032, at a CAGR of 6.60% during the forecast period.


• The Asia Pacific market for automotive refinish coatings will assert dominance, driven by escalating demand in the automotive aftermarket for repair, refurbishment, and protective applications, propelling the region's automotive refinish coatings sector. China's market leads in size, while India's market exhibits the highest growth rate in the Asia Pacific.


• Based on the Product Type, the Market has been segmented into Primer holding the largest market in 2023.


• The Sherwin-Williams Company, Akzo Nobel N.V, Kansai Paint Co, Ltd, Covestro AG, Esdee Paints Limited, Axalta Coating Systems, The Lubrizol Corporation, Berger Paints India Limited, KCC Corporation, BASF SE, and Mitsui Chemicals Inc.

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