Automotive Refinish Coating Market Report 2025 (Global Edition)

Global Automotive Refinish Coating Market Report 2024 Market Size Split by Material Type (Polyurethanes , Acrylics, Alkyd), by End-Use (OEM, Aftermarket), by Product Type (Primer, Base Coat, Top Coat...

Automotive Refinish Coating Market Report Description

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Automotive Refinish Coating Market Insights Video

Competitive Landscape of Automotive Refinish Coating Market

The major players focus on product innovation, strategic partnerships, and mergers to strengthen their market position. Growing demand for environmentally friendly coatings and advanced technologies, along with increasing automotive production, further intensifies competition in the market.

Automotive Refinish Coating Industry News

• September 2020 : BASF launched a new waterborne coatings solutions line, an advanced refinish product line. The product's launch offers solutions for automotive applications with low volatile organic compounds, thereby ensuring sustainability in the market.

(Source: www.basf.com/global/en/media/news-releases/2020/09/p-20-293.html)

Top Companies Market Share in Automotive Refinish Coating Industry: (In no particular order of Rank)

• Axalta Coating Systems LLC
• 3M Company
• AkzoNobel N.V.
• PPG Industries Inc.
• The Sherwin-Williams Company
• Dow Inc.
• Nippon Paint Holdings Co. Ltd.
• Kansai Paint Co. Ltd.
• Covestro AG
• KAPCI Coatings
• NOVOL Sp. Z o.o.
• KCC Corporation
• Bernardo Ecenarro S.A.
• SEM Products Inc.
• Sheboygan Paint Company
• Cresta Paint Industries Ltd.
• Alps Coating Sdn. Bhd.
• NOROO Paint & Coatings Co. Ltd.
• DSM Coating Resins B.V.
• WEG SA
• The Lubrizol Corporation
• Guangzhou Zhenroumei Chemical Coating Limited
• HMG Paints Ltd.
• James Briggs Limited
• Reichhold LLC
• TOA Performance Coating Corporation CO. Ltd.
• Yashm Paint & Resin Industries
• Allnex Group
• Samhwa Paints Industrial Co. Ltd.
• The USA Paint Corporation
• BASF SE
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

North America Automotive Refinish Coating Market accounted for a share of more than 36% of the global revenue in 2023

According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 36% of the global revenue, owing to the region's robust automotive industry and a growing focus on vehicle aesthetics. The United States and Canada are major contributors to this market, with a high demand for refinishing products to maintain and enhance the appearance of automobiles. Stringent environmental regulations have also influenced the market, leading to a shift towards eco-friendly and low-VOC coatings. Moreover, technological advancements and innovations in coating formulations are pivotal in shaping the industry landscape. As a result, North America remains a key region for automotive refinish coatings, offering significant opportunities for manufacturers and suppliers.

Europe is the fastest-growing category due to the region's thriving automotive industry and stringent environmental regulations. Western European countries, such as Germany, France, and the U.K., contribute significantly to market expansion. The emphasis on sustainable and eco-friendly coatings aligns with Europe's environmental consciousness. Rising demand for high-performance coatings and increasing vehicle ownership fuel market growth. Technological advancements, innovation in coating formulations, and a shift toward water-based products further propel the market. The presence of major automotive manufacturers and a well-established aftermarket in the region sustains the demand for automotive refinish coatings. Europe's automotive refinish coatings market continues to evolve in response to industry trends and regulatory dynamics.

The current report Scope analyzes Automotive Refinish Coating Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automotive Refinish Coating Market

According to Cognitive Market Research, North America held the major market share in 2023. It accounted for more than 36% and a CAGR of 4.2% of the global revenue due to increasing vehicle ownership, rising demand for vehicle customization, and a surge in collision repair activities. As consumers seek aesthetic enhancements and efficient repair solutions, the automotive refinish coatings sector experiences significant growth. Additionally, advancements in coating technologies and a growing awareness of environmental sustainability in coating formulations contribute to market expansion, creating a dynamic landscape for the automotive refinishing industry in North America and globally. The market is driven by increasing vehicle ownership, rising demand for vehicle customization, and a growing focus on vehicle aesthetics. Key segments include primers, basecoats, clear coats, and activators. Advancements in coating technologies, environmental regulations promoting water-based coatings, and a surge in automotive repair and maintenance activities further contribute to the market's expansion in North America.

Europe Automotive Refinish Coating Market

According to Cognitive Market Research, The European Automotive Refinish Coatings market accounted for approximately 32% and a CAGR of 4.5% of the global revenue due to the increasing demand for vehicle maintenance and repair services. The growing automotive industry, rising consumer awareness regarding vehicle aesthetics, and stringent environmental regulations favoring eco-friendly coatings contribute to market expansion. Additionally, advancements in coating technologies, such as waterborne and high-solid formulations, are further propelling the automotive refinish coatings market growth in Europe and globally. The growth is driven by increasing vehicle ownership, demand for aesthetic enhancements, and a rising focus on vehicle maintenance. Key segments in this market include primers, basecoats, clear coats, and activators. Technological advancements, environmental regulations, and a growing trend toward water-based coatings contribute to the market dynamics. As the automotive industry continues to evolve, the refinish coatings sector is poised for further expansion, reflecting the ongoing need for high-quality vehicle refinishing solutions.

Asia Pacific Automotive Refinish Coating Market

According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 25% and a CAGR of 7.0% of the global revenue due to the region's rising disposable income, increased automotive production, and a surge in demand for vehicle customization contribute to this expansion. Additionally, the region's developing economies, like China and India, play a pivotal role in the escalating demand for automotive refinish coatings, driven by a booming automotive aftermarket and a growing awareness of vehicle aesthetics and maintenance. The Asia-Pacific segment is driven by expanding automotive industries, increasing disposable income, and a rising demand for vehicle customization. The market encompasses various segments, including primers, basecoats, clear coats, and activators. Growing awareness regarding vehicle aesthetics and advancements in coating technologies contribute to the robust expansion of the automotive refinish coatings market, with Asia-Pacific playing a pivotal role in this dynamic industry landscape.

South America Automotive Refinish Coating Market

According to Cognitive Market Research, Latin America accounted for more than 5% and a CAGR of 5.2% of the global Automotive Refinish Coatings revenue in 2023 due to increased vehicle ownership and a growing demand for aesthetic improvements. A key driver is the rising awareness of vehicle maintenance and repair, coupled with a surge in road accidents necessitating refinishing services. Additionally, advancements in coating technologies and a burgeoning automotive aftermarket contribute to market growth. As the region's automotive sector expands, the demand for high-quality refinish coatings will escalate, driving the market further. Factors such as increasing automotive ownership, rising demand for vehicle customization, and a growing focus on vehicle aesthetics contribute to this expansion. Key players in the region are innovating to meet the diverse requirements of consumers, driving advancements in coating technologies. The market's trajectory indicates a promising future, with sustained efforts toward product development and environmental sustainability shaping Latin America's automotive refinish coatings landscape.

Middle East and Africa Automotive Refinish Coating Market

According to Cognitive Market Research, The Middle East and Africa accounted for more than 2.00% and a CAGR of 5.3% of the global revenue in 2023 due to increasing vehicle ownership, a growing middle-class population, and rising demand for vehicle refurbishment. The region's robust economic development and a surge in automotive accidents and subsequent repair requirements have bolstered the market. Additionally, stringent environmental regulations promoting eco-friendly coatings contribute to the market's expansion, reflecting a broader global trend toward sustainable automotive solutions. Key segments in this market include primers, basecoats, clear coats, and activators. Growing automotive fleets and a rising emphasis on vehicle aesthetics contribute to the expanding market. Manufacturers focus on product innovations and eco-friendly formulations to meet stringent regulations, ensuring sustained market growth in the automotive refinish coatings sector in the Middle East and Africa.

Automotive Refinish Coating Market Analysis

Material Type Segment Analysis of Automotive Refinish Coating Market

According to Cognitive Market Research, polyurethanes held the major market share over the forecast period. They are known for their durability, high gloss finish, and resistance to harsh weather conditions. They offer excellent protection against UV rays and chemicals, making them a preferred choice for automotive refinish applications.

Acrylics is the fastest-growing category over the forecast period. They are valued for their quick drying time, ease of application, and affordability. Acrylic coatings provide good color retention and are often chosen for their environmental friendliness.

• Polyurethanes 
• Acrylics
• Alkyd

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Refinish Coating Industry. Request a Free Sample PDF!

End-Use Segment Analysis of Automotive Refinish Coating Market

According to Cognitive Market Research, OEM holds a prominent market share. It refers to coatings applied by automotive manufacturers during the manufacturing process of vehicles. These coatings are essential for providing the vehicles with a protective and aesthetic finish.

The aftermarket is the fastest-growing category over the forecast period. It involves coatings applied to vehicles after their initial sale, often for repair, maintenance, or customization purposes. After market refinish coatings play a crucial role in restoring the appearance of vehicles, addressing damages, and ensuring longevity.

• OEM
• Aftermarket

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive Refinish Coating Product Type Segment Analysis

According to Cognitive Market Research, primer holds a prominent market share. They are crucial in preparing the vehicle surface for subsequent coating layers, ensuring adhesion and durability. They act as a foundation by promoting paint adhesion and preventing corrosion. The primer segment is vital for surface preparation, enhancing coating performance and longevity in the automotive refinish coatings market.

The base coat is the fastest-growing category over the forecast period. They contribute to the vehicle's aesthetic appeal, providing color and finish. They are essential for achieving the desired visual appearance and protective qualities. The base coat segment adds the final touch, influencing the vehicle's appearance and overall market appeal.

• Primer
• Base Coat
• Top Coat
• Clear Coat

Automotive Refinish Coating Technology Segment Analysis

According to Cognitive Market Research, solvent-borne products hold a prominent market share. They traditionally use organic solvents as a medium for the paint formulation. These coatings offer excellent durability and resistance to environmental elements. However, they are associated with volatile organic compound (VOC) emissions, posing environmental and health concerns.

Water Borne are the fastest-growing category over the forecast period. They utilize water as a solvent, reducing VOC emissions and making them more environmentally friendly. Waterborne coatings have gained popularity due to stringent environmental regulations and a growing emphasis on sustainable practices in the automotive industry. They offer comparable performance to solvent-borne coatings while minimizing environmental impact.

• Solvent Borne
• Water Borne
• UV Cure

Automotive Refinish Coating Commercial Vehicles Segment Analysis

According to Cognitive Market Research, LCV holds a prominent market share. These include vans and pickup trucks. These drive the demand for refinish coatings due to their widespread use in various industries for transportation. The need for aesthetic appeal and protective coatings for LCVs contributes to the growth of the automotive refinish coatings market.

The HCV is the fastest-growing category over the forecast period. It comprises trucks and buses. HCVs often undergo more severe wear and tear, requiring robust and durable coatings for maintenance and protection. The demand for high-performance coatings to withstand the rigorous operating conditions of HCVs further propels the automotive refinish coatings market.

• LCV
• HCV

Automotive Refinish Coating Vehicle Type Segment Analysis

According to Cognitive Market Research, passenger cars hold a prominent market share. They are subject to wear and tear over time, driving the demand for refinish coatings to maintain aesthetics and protect against corrosion. These coatings enhance the appearance and longevity of the vehicles, ensuring customer satisfaction.

Compact vehicles are the fastest-growing category over the forecast period. They are known for fuel efficiency and urban mobility, contributing to the market's growth. The rising popularity of compact cars, especially in densely populated areas, fuels the demand for automotive refinish coatings to address scratches, dents, and other surface imperfections.

• Passenger Cars
• Compact
• Midsize
• Executive
• Luxury

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion