Press release
2021 Refinish Paint Industry Global Analysis Report
Refinish paints are made from resins, additives, solvents, and pigments. The resin binds and holds all the pigments together. In woodworking and the decorative arts, refinishing refers to the act of repairing or reapplying the wood finishing on an object. In practice, this may apply to the paint or wood finish top coat, lacquer, or varnish. Refinishing can apply to a variety of surfaces and materials such as wood, glass, metal, plastic, and paint, although in Britain when referring to wood or wooden furniture it is commonly known as repolishing. The refinish paints industry is a raw material-intensive industry. Automotive refinish coatings are used by the automotive body shops and repair centers for refinishing the vehicles.
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The Asia Pacific is projected to have the highest CAGR due to the rising demand for refinish coating from the various end-users, presence of various prominent manufacturers in this region, increasing sales of pre-owned vehicles, growing cab services, and increasing vehicle repair and body shops in the region.
Some of the key players profiled in the Refinish Paint Market include 3M, Akzo Nobel N.V., Axalta Coating Systems, BASF SE, Donglai Coating, Guangzhou Zhenroumei Chemical Coating Ltd., HMG Paints Limited, James Briggs Ltd., and KAPCI Coatings, Mipa SE, Nippon Paint Holdings Co. Ltd., Noroo Paint & Coatings, Novol SP. Z O.O., PPG Industries, Inc., Sherwin-Williams, The Lubrizol Corporation, and TOA Performance Coating Corporation Co. Ltd.
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