Automotive Refinish Coatings Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The Automotive Refinish Coatings Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Automotive Refinish Coatings Market Size and Its Estimated Growth Rate?
In the past few years, there has been a robust growth in the size of the automotive refinish coatings market. This market is projected to rise from $9.7 billion in 2024 to $10.24 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.6%. Factors such as car repair and maintenance, an increase in the number of vehicles on the streets, aging of car fleets, a higher rate of accidents, consumers' preference for appearance, and the global progression of the automotive market can be credited for this growth during the historic period.

In the coming years, the automotive refinish coatings market is set to experience robust growth, with its size projected to extend to $13.16 billion by 2029 at a compound annual growth rate (CAGR) of 6.5%. The anticipated expansion within the forecast duration is primarily attributed to advancements in coating technologies, a heightened focus on sustainability, a surge in demand for high-performance coatings, digital color matching solutions, the globalization of vehicle repair chains, and evolving consumer preferences. Significant trends predicted within the period comprise advancements in technical coating formulations, the use of waterborne coatings for environmental compliance, an increase in utilization of UV-cured coatings, the rising trend of matte finishes, growing adoption of clearcoat technologies, and greater investments in training and certification.

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How Are Emerging Segments Shaping the Automotive Refinish Coatings Market Landscape?
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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Which Growth Factors Are Influencing Automotive Refinish Coatings Market Expansion?
The anticipated expansion of the automotive refinish coatings market is projected due to an increase in the number of accidents. Accidents are defined as any injuries caused by vehicular collisions that occur partially or entirely on public roads. Automotive refinish coatings serve as a solution to repair damages caused to a vehicle's body due to these accidents. For instance, data from the National Highway Traffic Safety Administration, a US government department, reported that by June 2024, roughly 2.38 million motor vehicle traffic accident injuries were estimated to have occurred in 2022, a decrease from 2.50 million in 2021. Consequently, this escalating frequency of accidents is fuelling the growth of the automotive refinish coatings market.

Who Are the Dominant Players Across Different Automotive Refinish Coatings Market Segments?
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 Are the Latest Developing Trends in the Automotive Refinish Coatings Market?
The primary trend witnessing traction in the automotive refinish coatings market is technological innovation. Leading businesses in the market are developing technological solutions to uphold their market standing. A case in point is PPG Industries, Inc., a US-based firm dealing in paint and coating manufacturing. In November 2023, the company rolled out the PPG DP7000 Air-Dry Primer across the automotive refinish markets in Europe, the Middle East, and Africa. This top-tier two-pack acrylic primer fulfills European volatile organic compound (VOC) rules and aligns with PPG's topcoat systems. The primer is designed for rapid air drying, thereby significantly augmenting productivity and decreasing energy usage. The PPG DP7000 dries nearly twice as quickly as rival technologies, functions in all humidity environments, and permits baking or infrared curing when needed. These advanced characteristics enhance bodyshops' profitability and lessen the environmental footprint.

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Which Geographic Regions Are Expected to Dominate the Automotive Refinish Coatings Market in the Coming Years?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Refinish Coatings Market?
2. What is the CAGR expected in the Automotive Refinish Coatings Market?
3. What Are the Key Innovations Transforming the Automotive Refinish Coatings Industry?
4. Which Region Is Leading the Automotive Refinish Coatings Market?

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