Automotive Refinish Market, By Technology, By Application, By End User (Body Shops, DIY Users, and Original Equipment Manufacturers ), By Geography

Description

Global automotive refinish market is estimated to be valued at USD 12.43 Billion in 2024 and is expected to reach USD 19.25 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 12.43 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	6.40%	2031 Value Projection:	US$ 19.25 Bn

Figure. Automotive Refinish Market Share (%), By Region, 2024

Global automotive refinish market refers to the automotive paint sector dedicated to repairing damaged vehicles. It involves the sale of paint, primer, coatings, and other accessories that refurbish automobiles suffering from minor to severe damage. With growing road accidents and significant wear-and-tear faced by vehicles over time, the need for automotive refinishing has steadily increased. Furthermore, the rising demand for repair of aesthetically appealing vehicles has stimulated the usage of high-quality paints and coatings. Rapid urbanization, growing vehicle fleet, and strengthening repair infrastructure are some of the key factors expected to drive the market forward.

Market Dynamics:

The global automotive refinish market is projected to witness significant growth over the forecast period. Rising road accidents represent the major driver attributed to damage incurred to vehicles and the consequent need for repair and refinishing. Additionally, the escalating vehicle population worldwide has led to greater wear-and-tear of existing vehicles, thereby fueling market growth. Vehicles gradually lose their shine and require aesthetic enhancements like repainting to boost resale value. This has created opportunities for refinish coatings and color-matching services. Moreover, continuous developments toward eco-friendly, low-VOC refinishing products cater to stringent environmental norms. However, high material costs associated with the manufacturing of refinish paints restrain market potential. Also, unorganized refinishing practices fail to adhere to compliance standards.

Key Features of the Study:

This report provides in-depth analysis of the global automotive refinish market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global automotive refinish market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Akzo Nobel N.V., Axalta Coating Systems, LLC, BASF SE, Berger Paints India Limited, Covestro AG, Donglai Coating Technology (Kunshan) Co., Ltd., Hebei Chenyang Industry & Trade Group Co., Ltd., Kansai Paint Co., Ltd., Mipa SE, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., Sherwin-Williams Company, Solvay S.A., Speedokote LLC, and Valspar Corporation

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global automotive refinish market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive refinish market

Detailed Segmentation-

Technology Insights (Revenue, USD Bn, 2019 - 2031)
- Paints
- Coatings
- Primers
- Thinners and Additives
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Passenger Cars
- Commercial Vehicles
- Motorcycles
- Others
End User Insights (Revenue, USD Bn, 2019 - 2031)
- Body Shops
- DIY Users
- Original Equipment Manufacturers (OEMs)
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Akzo Nobel N.V.
- Axalta Coating Systems, LLC
- BASF SE
- Berger Paints India Limited
- Covestro AG
- Donglai Coating Technology (Kunshan) Co., Ltd.
- Hebei Chenyang Industry & Trade Group Co., Ltd.
- Kansai Paint Co., Ltd.
- Mipa SE
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- Sherwin-Williams Company
- Solvay S.A.
- Speedokote LLC
- Valspar Corporation

Product Code: CMI7395

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Automotive Refinish Market, By Technology, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Paints
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Coatings
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Primers
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Thinners and Additives
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Automotive Refinish Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Passenger Cars
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Commercial Vehicles
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Motorcycles
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Automotive Refinish Market, By End User, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Body Shops
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
DIY Users
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Original Equipment Manufacturers (OEMs)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Automotive Refinish Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Israel
  - GCC Countries
  - Rest of the Middle East
Africa
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Company Profiles
- Akzo Nobel N.V.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Axalta Coating Systems, LLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Berger Paints India Limited
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Covestro AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Donglai Coating Technology (Kunshan) Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hebei Chenyang Industry & Trade Group Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Kansai Paint Co., Ltd.
- Mipa SE
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- Sherwin-Williams Company
- Solvay S.A.
- Speedokote LLC
- Valspar Corporation

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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