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US Automotive Refinish Coatings Market Research Report: By Product Type (Clearcoat, Basecoat, Primer, Activator, Others), By Technology (Solvent-borne Coatings, Water-borne Coatings, UV-Cured Coatings, High Solid Coatings, Powder Coatings), By Resin (Polyurethane, Alkyd, Epoxy, Acrylic, Others) and By Vehicle Type (Passenger Cars, Commercial Vehicles, Two Wheelers, Others) - Forecast to 2035


ID: MRFR/CnM/16283-US | 100 Pages | Author: MRFR Research Team| December 2023

US Automotive Refinish Coatings Market Research Report: By Product Type (Clearcoat, Basecoat, Primer, Activator, Others), By Technology (Solvent-borne Coatings, Water-borne Coatings, UV-Cured Coatings, High Solid Coatings, Powder Coatings), By Resin (Polyurethane, Alkyd, Epoxy, Acrylic, Others) and By Vehicle Type (Passenger Cars, Commercial Vehicles, Two Wheelers, Others) - Forecast to 2035.


US Automotive Refinish Coatings Market Overview:


As per MRFR analysis, the US Automotive Refinish Coatings Market Size was estimated at 1.77 (USD Billion) in 2023. The US Automotive Refinish Coatings Market Industry is expected to grow from 1.92(USD Billion) in 2024 to 4.25 (USD Billion) by 2035. The US Automotive Refinish Coatings Market CAGR (growth rate) is expected to be around 7.491% during the forecast period (2025 - 2035).


Key US Automotive Refinish Coatings Market Trends Highlighted


The US Automotive Refinish Coatings Market is experiencing notable trends influenced by various factors. There is an increasing adoption of environmentally friendly coatings, driven by stringent regulations on volatile organic compounds (VOCs). This shift aligns with the US government's commitment to reducing pollution and enhancing environmental sustainability. Additionally, advanced technologies such as waterborne and powder coatings are gaining traction, offering improved quality and durability while complying with regulatory requirements. The trend toward urbanization and rising vehicle ownership in the US is further driving the demand for efficient refinishing solutions.Key market drivers include the expanding automotive industry and a growing emphasis on vehicle aesthetics. As consumers increasingly invest in maintaining and enhancing their vehicles, the demand for high-quality refinish coatings continues to rise. Moreover, the surge in accidents and vehicle aging in the US suggests a robust opportunity for refinishing services. Repairing and maintaining vehicles often involves the use of innovative coatings that provide better finish and protection against wear and tear. In recent times, the focus has also shifted toward digital advancements and e-commerce platforms. Many businesses are enhancing their online presence for product offerings, making it easier for consumers and repair shops to access a variety of coatings.This trend enhances customer convenience and broadens market reach. Furthermore, partnerships between manufacturers and repair shops are becoming common, paving the way for innovative product developments tailored to specific needs in the automotive sector. Overall, the US Automotive Refinish Coatings Market is evolving with sustainability and innovation at its core, reflecting both consumer preferences and regulatory changes.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Automotive Refinish Coatings Market Drivers

Increasing Number of Road Accidents and Vehicle Repair Needs


The US Automotive Refinish Coatings Market Industry is significantly driven by the increasing number of road accidents requiring vehicle repairs and refinishing services. According to the National Highway Traffic Safety Administration (NHTSA), in 2020 alone, there were approximately 4.8 million reported injuries due to motor vehicle crashes in the United States. This high incidence of accidents creates a continual demand for automotive refinishing, pushing the market for automotive refinish coatings forward.As vehicles require repainting and touch-ups post-collision, automotive refinish coatings are vital in restoring vehicles to their original conditions. Established organizations such as the Automotive Service Association (ASA) have emphasized the importance of repair quality, indicating a greater reliance on high-performance automotive coatings to meet consumer expectations for durability and aesthetics after repairs. Hence, the continual rise in accidents translates directly into robust growth prospects for the US Automotive Refinish Coatings Market, as refinishing becomes a norm for damaged vehicles.


Growth in Vehicle Ownership


The rising vehicle ownership in the United States acts as a considerable driver for the US Automotive Refinish Coatings Market Industry. According to the Bureau of Transportation Statistics, as of 2021, there were over 271 million registered vehicles in the US, with ownership rates steadily increasing over the years. As more vehicles are on the roads, the likelihood of general wear and tear increases, leading to an ongoing necessity for refinishing.Additionally, manufacturers such as PPG Industries and BASF have recently invested in Research and Development to create innovative, high-quality automotive coatings that can meet the demand of a growing vehicle populace. This increase in vehicle ownership not only heightens the need for automotive refinishing services but also enhances the market for refinish coatings as they become essential in maintaining the appearance and life of vehicles.


Emergence of Eco-friendly Coatings


The US Automotive Refinish Coatings Market Industry is also being propelled by the growing demand for environmentally friendly and sustainable products. Recent legislation from the Environmental Protection Agency (EPA) has driven manufacturers to develop low-volatile organic compound (VOC) coatings to comply with environmental regulations. The US has been witnessing a significant shift towards using eco-friendly products, reflecting a broader trend in consumer behavior that favors sustainable practices.Companies like Axalta Coating Systems and Sherwin-Williams are innovating in this area, creating sustainable refinish coatings that do not sacrifice performance for environmental standards. This movement Not only meets regulatory compliance but also appeals to environmentally conscious consumers, which is projected to drive up the adoption of these coatings in the automotive refinishing sector.


Advancements in Coating Technologies


Technological advancements in automotive refinish coatings are a crucial driver for the growth of the US Automotive Refinish Coatings Market Industry. Recent innovations have led to the development of advanced coatings that offer superior durability, finish, and quick drying times, which are increasingly favored by the automotive repair sector. Companies such as 3M and DuPont are leading this charge, investing in Research and Development to enhance coating performance attributes, such as abrasion resistance and chemical resistance.As a result, these advanced coatings not only improve the lifecycle of refinished vehicles but also cater to the fast-paced demands of the automotive repair market, thereby driving growth and expansion in the automotive refinish coatings sector.

US Automotive Refinish Coatings Market Segment Insights:

Automotive Refinish Coatings Market Product Type Insights



The US Automotive Refinish Coatings Market has seen a notable division in terms of product type, which plays a crucial role in determining the performance, durability, and aesthetic of automotive finishes. Among the categories, Clearcoat is particularly significant as it serves as a protective layer over a color basecoat, enhancing gloss and ensuring UV protection, thus keeping vehicles looking new for extended periods. The Basecoat is foundational to the aesthetic appeal, providing the primary color and requiring careful formulation to maintain vibrancy and compatibility with other coatings.Primer acts as a crucial preparatory layer, ensuring better adhesion of subsequent coatings while providing corrosion resistance, thus extending the life of finishes. The Activator, an essential component for certain formulations, promotes the curing process, enhancing the durability and longevity of the coatings, making it pivotal in high-performance applications. Additionally, the category of Others encapsulates various innovative products that cater to evolving market trends, including eco-friendly options that are gaining traction amid increasing regulatory pressure for sustainable practices.The continual advancements in automotive technologies and changing consumer preferences further drive the development of these product types, shaping the dynamics of the market. Overall, the segmentation by product type underscores the varied functionalities and technologies within the US Automotive Refinish Coatings Market, reflecting a comprehensive approach to meeting diverse automotive refinishing needs.


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Refinish Coatings Market Technology Insights



The Technology segment of the US Automotive Refinish Coatings Market has experienced significant advancements, aligning with environmental regulations and market demand. Solvent-borne Coatings remain popular due to their versatility and ease of application, though their environmental impact has prompted a shift towards Water-borne Coatings, which offer lower emissions and enhanced safety for applicators. UV-Cured Coatings are gaining traction for their quick-drying properties and durability, making them ideal for high-speed production scenarios.High Solid Coatings are recognized for their reduced solvent content and improved coverage, making them an efficient choice for refinishing vehicles while adhering to stricter environmental standards. Powder Coatings also play a crucial role, providing a durable finish and minimizing waste due to their recyclable nature. Collectively, these technologies contribute to the evolving landscape of the US Automotive Refinish Coatings Market, showcasing the industry's adaptability to regulatory pressures and consumer preferences for sustainable solutions.

Automotive Refinish Coatings Market Resin Insights



The Resin segment within the US Automotive Refinish Coatings Market holds significant importance, driven by the diverse applications and properties of various resin types. Polyurethane resins are commonly favored due to their durability and flexibility, making them ideal for high-performance automotive finishes. Alkyd resins, recognized for their excellent adhesion and gloss retention, are widely used in traditional refinishing processes. Epoxy resins, known for their exceptional chemical resistance and hardness, are essential for protective coatings that require resilience in challenging environments.Acrylic resins offer good transparency and UV resistance, making them popular for applications where aesthetic appeal is essential. Additionally, the category of others encompasses various specialized formulations, catering to specific customer requirements and market demands. The growth of this segment is influenced by evolving consumer preferences, a shift towards eco-friendly products, and advancements in resin technology. Moreover, as the automotive industry increasingly focuses on sustainability, several manufacturers are exploring bio-based resins, indicating a progressive trend towards greener solutions in the automotive refinishing space.

Automotive Refinish Coatings Market Vehicle Type Insights



The Vehicle Type segment in the US Automotive Refinish Coatings Market plays a crucial role in shaping the overall industry landscape. With a growing emphasis on vehicle aesthetics and protection, the demand for automotive refinishing coatings has been steadily increasing. In the US, Passenger Cars dominate this segment, driven by a large consumer base that seeks to maintain the appearance and longevity of their vehicles. Conversely, Commercial Vehicles are essential for businesses that require durability and resilience in paint applications, making their role significant in the market.Additionally, Two Wheelers are gaining traction due to rising urbanization and an increase in the popularity of motorcycles and scooters as economical transportation options. The 'Others' category encompasses recreational vehicles and specialty vehicles which also contribute to market diversity. Factors driving growth across these vehicle types include advancements in coating technology, environmental regulations pushing for eco-friendly solutions, and a culture of customization among consumers. Despite challenges such as fluctuating raw material prices and the impact of supply chain disruptions, the segment presents substantial opportunities for innovation and growth, aligning with the broader trends observed in the automotive refinishing industry.

US Automotive Refinish Coatings Market Key Players and Competitive Insights:


The US Automotive Refinish Coatings Market presents a dynamic and competitive landscape shaped by the ongoing demand for high-quality coating solutions in the automotive sector. This market has garnered attention due to increasing vehicle ownership and the associated need for maintenance and repair solutions. Competitive insights within this market reveal a diverse portfolio of companies that offer various products ranging from solvent-based to waterborne coatings, catering to different customer requirements. Factors such as technological advancements, product innovation, and strategic collaborations play a vital role in determining the competitive positioning of key players in the market. The push towards lighter, eco-friendly, and durable coatings has propelled companies to invest in research and development, positioning them favorably to meet the market challenges and consumer preferences.Hempel A/S has established a significant presence in the US Automotive Refinish Coatings Market, underscoring its strengths through a combination of innovative products and a robust customer service framework. The company's dedication to sustainability and the development of environmentally friendly products has resonated well with consumers and repair shops alike, enhancing its market appeal. Hempel A/S's commitment to continuous improvement allows it to stay ahead in terms of product performance and compliance with industry standards. Their ability to leverage strategic partnerships and local manufacturing capabilities has further solidified their competitive position in the market, enabling them to provide tailored solutions and support to a diverse customer base in the United States.Sika AG, with its extensive portfolio of products, holds a noteworthy position in the US Automotive Refinish Coatings Market. The company's offerings include a range of high-performance coatings, sealants, and adhesives specifically tailored for automotive refinishing applications. Sika AG's strengths lie in its innovation capabilities and commitment to developing comprehensive solutions that meet the evolving needs of the automotive industry. The company has actively engaged in mergers and acquisitions, allowing it to enhance its market reach and reinforce its product line. Through strategic investments and an effective distribution network, Sika AG has been able to create a strong foothold in the US market while focusing on customer-centric solutions and superior product quality. Their commitment to sustainability and reducing the environmental impact of their coatings further enhances their reputation as a leading player in the automotive refinish sector.


Key Companies in the US Automotive Refinish Coatings Market Include:

Hempel A/S


Sika AG


BASF


Nippon Paint Holdings


AkzoNobel


PPG Industries


RPM International


Eastman Chemical


Valspar


DuPont


Solvay


Kansai Paint


3M


Axalta Coating Systems


SherwinWilliams


US Automotive Refinish Coatings Market Industry Developments


The US Automotive Refinish Coatings Market has recently witnessed significant developments, driven by trends in sustainability, technological advancements, and increasing automotive repair and maintenance needs. Major companies like PPG Industries, AkzoNobel, and Sherwin-Williams continue to innovate, focusing on eco-friendly products to align with growing consumer and regulatory demands for environmentally responsible solutions. In September 2023, Axalta Coating Systems unveiled a new line of water-based automotive refinishing products aimed at reducing VOC emissions, showcasing a commitment to sustainability. Additionally, Sika AG reinforced its portfolio by acquiring certain assets from a key competitor to enhance its market position. In August 2023, BASF also announced an expansion of its production capacity to meet the rising demand for high-performance coatings in North America. Looking back, the market has experienced steady growth over the last few years, specifically after a surge in vehicle ownership and an increasing preference for vehicle customization. The expansion efforts and strategic acquisitions among the key players in the market indicate a robust competitive landscape, aimed at bolstering both product offerings and market share amid evolving consumer preferences and regulatory landscapes in the US.


US Automotive Refinish Coatings Market Segmentation Insights

Automotive Refinish Coatings Market Product Type Outlook


Clearcoat


Basecoat


Primer


Activator


Others

Automotive Refinish Coatings Market Technology Outlook


Solvent-borne Coatings


Water-borne Coatings


UV-Cured Coatings


High Solid Coatings


Powder Coatings

Automotive Refinish Coatings Market Resin Outlook


Polyurethane


Alkyd


Epoxy


Acrylic


Others

Automotive Refinish Coatings Market Vehicle Type Outlook


Passenger Cars


Commercial Vehicles


Two Wheelers


Others

Report Scope: ,,,,,,,,,,,,,
Report Attribute/Metric Source: Details
MARKET SIZE 2018 1.77(USD Billion)
MARKET SIZE 2024 1.92(USD Billion)
MARKET SIZE 2035 4.25(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 7.491% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Billion
KEY COMPANIES PROFILED Hempel A/S, Sika AG, BASF, Nippon Paint Holdings, AkzoNobel, PPG Industries, RPM International, Eastman Chemical, Valspar, DuPont, Solvay, Kansai Paint, 3M, Axalta Coating Systems, SherwinWilliams
SEGMENTS COVERED Product Type, Technology, Resin, Vehicle Type
KEY MARKET OPPORTUNITIES Eco-friendly coating formulations, Advanced technology integration, Online distribution channels growth, Increased demand for collision repairs, Customization and personalization trends
KEY MARKET DYNAMICS increasing vehicle repair frequency, growing demand for eco-friendly products, advancements in coating technologies, rising disposable income, expansion of automotive aftermarket
COUNTRIES COVERED US


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