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Refinish Paint Market Size

  • Report ID: GMI7382
  • Published Date: Nov 2023
  • Report Format: PDF

Refinish Paint Market Size

Refinish Paint Market was valued at USD 8.10 Billion in 2022 and is anticipated to grow at a CAGR of over 5.1% between 2023 and 2032.

 

Refinish Paint Market

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The refinish paint industry is a dynamic sector within the automotive industry, characterized by its steady growth driven by factors such as increasing vehicle ownership, a rising number of accidents and collisions, and a growing preference for vehicle aesthetics. This market encompasses a wide range of products, including primers, basecoats, clearcoats, and other refinishing materials, aimed at repairing and restoring the appearance of vehicles.

 

As the automotive industry continues to evolve, the market is expected to remain essential for vehicle repair and customization needs, poised for continued growth and innovation.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for refinish paint was valued at USD 8.10 Billion in 2022 and is anticipated to record over 5.1% CAGR between 2023 and 2032, backed by the increasing vehicle ownership, a rising number of accidents and collisions, and a growing preference for vehicle aesthetics.

Polyurethane coatings segment had a market share of around 39.4% in 2022 and will grow through 2032 primarily due to their superior durability and gloss retention properties, making them a preferred choice for automotive refinishing.

North America market for refinish paint was around 29.7% in 2022 and is expected to grow significantly through 2032 attributed to the region’s booming automotive industry, a high vehicle ownership rate, and a well-established network of automotive repair shops.

Axalta Coating Systems, PPG Industries, AkzoNobel, BASF SE, Sherwin-Williams Company, and Nippon Paint Holdings.

Refinish Paint Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 252
  • Countries covered: 21
  • Pages: 120
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