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Automotive Refinish Coatings Market Estimated to Expand at a Robust CAGR over 2026
Automotive Refinish Coatings Market
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Use of Clear Coat and Primer Boost Vehicle Life, Propelling Demand in Automotive Refinishing Coatings Market
The automotive refinishing coatings market is witnessing different development, such as eco-friendly and low solvent high-tech coating materials. The car repair paint and collision repair are part of the automotive refinishing coating process. These refinished coatings are used in the automotive industry as a touch-up measure, part refinish, or total refinish on vehicles.
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The primer, filler, base coat, activator, clear coat, and others (includes e-coat) are the segments of the automotive refinishing coatings market based on the process. Among these, clear coat is considered as a prominent segment in the automotive refinishing coatings market. It is transparent and pigment-free. Even if it is exposed to stress, it can combat harsh weather such as industrial and natural influences and UV radiation. Such positive characteristics are expected to bolster the automotive refinishing coatings market. Furthermore, a clear coat requires positive compatibility with the base coat and primer. The optical properties and excellent transparency of clear coats are crucial to the entire automotive process. It also serves as a crucial factor for the growth in the automotive refinishing coatings market.
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After e-coat, primer is applied on an automotive body like a second layer. The automotive primer is typically 25 micrometers thick. It serves as an effective adhesive between intermediate coats. Further, this one is responsible for the texture, brightness, smoothness, and final finish of the automotive parts and further imparts growth in the automotive refinishing coatings market. Anti-corrosion properties are imparted with the assistance of this step. The base coat serves as an intermediate coating layer between the clear coat and the primer. The automotive base coat is around 10 micrometers to 20 micrometers thick.
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The automotive refinish coatings market is witnessing dominance by large players in the industry. With the presence of medium and small-sized industry players, the market experience increased competition. Some of the key market players include KCC Corporation, BASF SE, Akzo Nobel NV, PPG Industries, Axalta Coatings, and Valspar Corporation.
Increased Investment to Boost Asia Pacific Region in Automotive Refinishing Coatings Market with
The automotive refinishing coatings market is segmented into water-borne, solvent-borne, and others (include UV-curing and power) based on technology. Among these divisions, the solvent-borne segment holds the largest market share. Solvent-borne coatings are inclusive of liquefying agents. These agents evaporate through chemical reactions with oxygen. Further, the water-borne segment is expecting rapid growth due to low VOC content and its environment-friendly behavior. The eco-friendly surface treatment is offered by water-borne coatings. Water serves as the solvent in coatings for resin dispersion that is used for paints or coatings manufacturing. The low VOC (volatile organic compounds) content is widely used in water-borne coatings, and it further boosts the automotive refinishing coatings market.
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Automotive refinishing coatings market is witnessing an increasing demand in Latin America and the Asia Pacific. The significant investment in the automotive refinishing coatings market will boost its Asia Pacific market. Further, the region is also serving as a hub of automotive manufacturing, thereby making the region potentially lucrative for market players.
The Automotive Refinish Coatings Market is segmented into the following sections:
Automotive Refinish Coatings Market, by Process
Primer
Base Coat
Clear Coat
Activator
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