Automotive Refinish Coating Market
The escalating sales of vehicles globally are a prominent factor driving the automotive refinish coating market.
The market circumscribes a broad gamut of commodities outlined to confront problems such as wear, tear, and paint waning on cars, trucks, and commercial vehicles.โ— Polaris Market Research
NEW YORK CITY, NY, UNITED STATES, December 19, 2024 /
EINPresswire.com/ -- The
automotive refinish coating market forecast for 2034 is a specialized study of the industry with a specific concentration on the global market trend analysis.
The automotive refinish coating market is augmenting. The market is approximated to reach USD 24.42 billion by 2034. It was valued at USD 12.79 billion in 2024. It exhibited a CAGR of 6.7% from 2025 to 2034.
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐๐ข๐ง๐ข๐ฌ๐ก ๐๐จ๐๐ญ๐ข๐ง๐ ?
Automotive refinish coatings are specifically prepared commodities that are administered to vehicles to improve their advent and offer to safeguard against ecological elements. These coatings are essentially utilized for mending damaged areas, refinishing the surface, or providing a contemporary paint job to a vehicle.
The principal motive of automotive refinish coatings is to reinstitute the primary advent of a vehicle after injury or wear and tear. These coatings also provide safeguarding to the cardinal surface, protecting it against abrasion, UV radiation, chemicals, and alternate chemical elements. The prevalence of mishaps, scratches, and extensive wear and tear as vehicle possession and acquisition surges impacts the automotive refinish market growth favorably.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐
๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐
๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/automotive-refinish-coating-market/request-for-sample?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
๐๐ก๐จ ๐๐๐ค๐๐ฌ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐๐ข๐ง๐ข๐ฌ๐ก ๐๐จ๐๐ญ๐ข๐ง๐ ?
โข Dow Inc.
โข Alsa Refinish and The Alsa Corporation
โข NOROO PAINT & COATINGS Co., Ltd.
โข BASF
โข Akzo Nobel N.V.
โข Clariant
โข PPG Industries, Inc.
โข Axalta Coating Systems
โข Cabot Corporation
โข NIPSEA Group
โข Bayer AG
โข KAPCI Coating
are some of the leading players in the automotive refinish coating market. Prominent market contenders are funding massively in research and development to augment their offerings which will assist the market to grow even more.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข In December 2022, BASF, a global chemical firm, declared the instigation of the premiere biomass equilibrium automotive coatings in China utilizing renewable raw materials.
โข In June 2022, Kansai Paint Co., Ltd declared that Kansai Paint consented to disburse its Africa business to Akzo Nobel N.V., a worldwide coating firm, under the Share Purchase Agreement.
๐๐ก๐๐ญโ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐
๐จ๐ซ๐ฐ๐๐ซ๐?
Growing Average Age of Vehicles: The growing average age of vehicles globally is driving the market demand. Vehicles are more inclined to wear and tear as they mature, which evokes vehicle owners to look for refinishing services to replace their vehicleโs aspect and sustain their value, causing elevated demand for refinish coatings.
Growing Road Accidents: The growing aggregate of road mishaps globally is pushing the market. As per the particulars published by World Health Organization (WHO) between 20 and 50 million nonlethal injury instances are registered each year covering the globe because of road traffic crashes. This, in turn, is having a favorable impact on automotive refinish coating market sales.
Technical Progressions: Technological progressions cause the advancement of elevated standard coatings that provide superior longevity, UV proof, and chemical safeguarding, propelling consumers to fund these progressives refinish commodities.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/automotive-refinish-coating-market/request-for-discount-pricing?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
๐๐ก๐ข๐๐ก ๐๐๐ ๐ข๐จ๐ง ๐๐๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก?
Asia Pacific: Asia Pacific accounted for the largest automotive refinish coating market share. The region's robust growth is primarily due to speedy urbanization, growing vehicle possession, and a prospering automotive aftermarket.
North America: North America is anticipated to witness significant growth from 2025 to 2034. This can be attributed to technological progression and robust concentration on quality.
๐๐จ๐ฐ ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐จ๐ง๐?
By Resin Outlook
โข Acrylic
โข Alkyd
โข Polyurethane
โข Others
By Technology Outlook
โข Solvent-Borne
โข Water-Borne
โข Others
By Product Outlook
โข Primer
โข Basecoat
โข Topcoat
โข Fillers
โข Others
By Vehicle Age Outlook
โข <5
โข 5 to 10
โข >10
By Regional Outlook
โข North America
o US
o Canada
โข Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
โข Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Rest of Asia Pacific
โข Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of the Middle East & Africa
โข Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/automotive-refinish-coating-market/inquire-before-buying?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
๐
๐๐๐ฌ:
How much is the automotive refinish coating market?
The market size was valued at USD 12.79 billion in 2024 and is projected to grow to USD 24.42 billion by 2034.
What is the growth rate of the automotive refinish coating market?
The global market is projected to register a CAGR of 6.7% during the forecast period.
Which region held the largest market share?
Asia Pacific accounted for the largest share of the global market in 2024.
Which segment based on resin is expected to record a significant CAGR in the market during 2025-2034?
The acrylic segment is projected for significant growth in the global market during the forecast period.
Browse PMR's Automotive Refinish Coating Market Report Coverage from Different Publications:
Automotive Refinish Coating Market Size Hits Milestone - Projected at USD 24.42 Billion by 2034 with a Striking 6.7% CAGR
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
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