Refinish Paint Market - By Coating Type (Polyurethane, Epoxy, Acrylic), By Coating type (Solvent borne, Waterborne, Powder), By Application (Clearcoat, Basecoat, Primer, Sealer), By End User & Forecast, 2023

Description

List of Tables

Global Refinish Paint Market will register a 5.1% CAGR between 2023 and 2032 due to the increasing demand for vehicle maintenance and aesthetic improvements. As consumers seek to enhance the appearance and longevity of their vehicles, the demand for high-quality refinish paints rises. This trend is driven by a growing automotive ownership base, emphasizing the need for reliable and visually appealing coatings. As a result, the refinish paint industry will expand, meeting the demands of consumers and industries for durable and aesthetically pleasing finishes.

Companies are actively diversifying their offerings by establishing service centers, introducing innovative paints and related products, and providing a comprehensive range of solutions and services. This strategic diversification broadens the range of solutions for consumers and fortifies the refinish paint market by addressing diverse demands and enhancing its overall competitiveness. For instance, in 2023, PPG Asian Paints introduced 'Cartisan,' its premium car detailing and decor service in India, opening its flagship center in Maharashtra. Offering a range of services, from paint protection films to anti-corrosion treatments, Cartisan aims to enhance vehicle appearance and protection for car enthusiasts.

The overall refinish paint industry is segregated based on type of coating, application, and region.

The epoxy coating segment will drive significant revenue over 2023-2032, attributed to the superior durability and protective properties of epoxy coatings. With heightened demand for long-lasting and resilient finishes, epoxy coatings stand out as a preferred choice in automotive and industrial applications. The segment growth is further propelled by the increasing emphasis on sustainable and environmentally friendly coatings. As industries prioritize performance and longevity, the epoxy coating segment will maintain its prominence in the evolving landscape of the refinish paint market.

The refinish paint market size from the basecoat products segment will garner substantial gains through 2032, owing to the versatility and aesthetic appeal Basecoat offers. Offering a diverse range of colors and finishes, basecoat products cater to the dynamic preferences of consumers and industries alike. The growing automotive and construction sectors contribute significantly to this trend, as basecoats play a pivotal role in achieving desired appearances. With a focus on customization and visual appeal, the basecoat products segment will take the lead in the competitive refinish paint industry.

Asia-Pacific will expand at a notable CAGR during 2023 and 2032, driven by robust economic growth, increasing disposable incomes, and a burgeoning automotive industry. The vast population base, in line with rising urbanization in the region, will propel the demand for vehicle maintenance and aesthetic enhancements. Moreover, stringent environmental regulations drive the adoption of eco-friendly refinishing solutions, further boosting the market in Asia-Pacific. As the region continues to witness a surge in automotive ownership and repair activities, it will maintain its position as a significant contributor to the global refinish paint market.

Product Code: 7382

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 Data validation
1.6 Data Sources
- 1.6.1 Primary
- 1.6.2 Secondary
  - 1.6.2.1 Paid sources
  - 1.6.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Refinish Paint industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Coating Type trends
2.4 Coating type trends
2.5 Application trends
2.6 End user trends
2.7 Regional trends

Chapter 3 Refinish Paint Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
- 3.3.1 by coating type
- 3.3.2 by coating type
- 3.3.3 by application
- 3.3.4 by end user
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
3.8 Porter's analysis
3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Refinish Paint Market Size and Forecast, by coating type (USD Billion & Kilo tons)

5.1 Polyurethane
5.2 Epoxy
5.3 Acrylic
5.4 Others

Chapter 6 Refinish Paint Market Size and Forecast, by product type (USD Billion & Kilo tons)

6.1 Solvent borne
6.2 Waterborne
6.3 Powder

Chapter 7 Refinish Paint Market Size and Forecast, by application (USD Billion & Kilo tons)

7.1 Clearcoat
7.2 Basecoat
7.3 Primer
7.4 Sealer
7.5 Others

Chapter 8 Refinish Paint Market Size and Forecast, by end user (USD Billion & Kilo tons)

8.1 Automotive
8.2 Aerospace
8.3 Industrial
8.4 Marine
8.5 Others

Chapter 9 Refinish Paint Market Size and Forecast, by Region (USD Billion & Kilo tons)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Indonesia
- 9.4.7 Malaysia
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE

Chapter 10 Company Profiles

10.1 ELG Carbon Fibre
10.2 SGL Carbon
10.3 Teijin Limited
10.4 ZOLTEK Corporation (a Toray Group Company)
10.5 Vartega Inc.
10.6 CFK Valley Recycling
10.7 Adherent Technologies
10.8 Mitsubishi Chemical Inc
10.9 Procotex Corporation
10.10 Karborek Recycling
10.11 Hadeg Recycling GmbH
10.12 Retex
10.13 AEROSUD Composites
10.14 Carbon Conversions
10.15 Structil