Refinish Paint Market Report: Trends, Forecast and Competitive Analysis to 2030

Refinish Paint Trends and Forecast

The future of the global refinish paint market looks promising with opportunities in the clearcoat, basecoat, primer, and sealer markets. The global refinish paint market is expected to reach an estimated $12.4 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are worldwide rise in vehicle usage, growing adoption of environment friendly and sustainable products, as well as, increase in the market for recreational vehicles.

A more than 150-page report is developed to help in your business decisions.

Refinish Paint by Segment

The study includes a forecast for the global refinish paint by coating type, product type, application, and region.

Refinish Paint Market by Coating Type [Shipment Analysis by Value from 2018 to 2030]:

• Polyurethane
• Epoxy
• Acrylic
• Others

Refinish Paint Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Solvent Borne
• Waterborne
• Powder

Refinish Paint Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Clearcoat
• Basecoat
• Primer
• Sealer
• Others

Refinish Paint Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Refinish Paint Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies refinish paint companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the refinish paint companies profiled in this report include-

• 3M Company
• Nippon Paint
• DowDuPont Akzo Nobel
• BASF
• PPG Industries
• Kansai Paint
• KCC

Refinish Paint Market Insights

Lucintel forecasts that waterborne will remain the largest segment over the forecast period because of its increasing use of aqueous paints owing to their less hazardous and harmful nature.

APAC is expected to witness highest growth over the forecast period because of broad customer base for paint refinishing solutions, along with the region's auto repair and body shops, taxi services, and pre-owned car sales are all growing.

Features of the Global Refinish Paint Market

Market Size Estimates: Refinish paint market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Refinish paint market size by coating type, product type, application, and region in terms of value ($B).

Regional Analysis: Refinish paint market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different coating type, product type, application, and regions for the refinish paint market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the refinish paint market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the refinish paint market size?

Answer: The global refinish paint market is expected to reach an estimated $12.4 billion by 2030.

Q2. What is the growth forecast for refinish paint market?

Answer: The global refinish paint market is expected to grow with a CAGR of 5.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the refinish paint market?

Answer: The major drivers for this market are worldwide rise in vehicle usage, growing adoption of environment friendly and sustainable products, as well as, increase in the market for recreational vehicles.

Q4. What are the major segments for refinish paint market?

Answer: The future of the global refinish paint market looks promising with opportunities in the clearcoat, basecoat, primer, and sealer markets.

Q5. Who are the key refinish paint market companies?

Answer: Some of the key refinish paint companies are as follows.

• 3M Company
• Nippon Paint
• DowDuPont Akzo Nobel
• BASF
• PPG Industries
• Kansai Paint
• KCC

Q6. Which refinish paint market segment will be the largest in future?

Answer: Lucintel forecasts that waterborne will remain the largest segment over the forecast period because of its increasing use of aqueous paints owing to their less hazardous and harmful nature.

Q7. In refinish paint market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period because of broad customer base for paint refinishing solutions, along with the region's auto repair and body shops, taxi services, and pre-owned car sales are all growing.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the refinish paint market by coating type (polyurethane, epoxy, acrylic, and others), product type (solvent borne, waterborne, and powder), application (clearcoat, basecoat, primer, sealer, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?