Refinish Paint Global Market Report 2026

Refinish paint, also referred to as refinishing paint, is a specialized type of paint formulated explicitly for restoring or refreshing the appearance of surfaces previously painted or coated. This type of paint finds extensive use in the automotive industry for repairing and refinishing vehicles following damage or wear, ensuring that the restored areas seamlessly match the original paint color and finish.

The primary product categories of refinish paint include solvent-borne, waterborne, and powder formulations. Solvent-borne refinish paint utilizes organic solvents as carriers for the paint pigment. These paints are available in various coating types such as polyurethane, epoxy, acrylic, among others, with applications including clearcoat, basecoat, primer, and sealer. Refinish paints are employed across various types of vehicles, including passenger cars, light commercial vehicles, buses, and trucks.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the refinish paint market by raising costs for imported resins, pigments, additives, and spray equipment used in automotive refinishing. These impacts are most pronounced in Asia-Pacific and Europe, where automotive repair ecosystems rely on global coating supply chains. Higher tariffs have affected repair shop margins and paint pricing consistency. To counter these effects, manufacturers are increasing regional sourcing, expanding local resin production, and reformulating coatings for cost efficiency. In some cases, tariffs have accelerated adoption of locally produced waterborne and powder-based refinishing solutions.

The refinish paint market research report is one of a series of new reports from The Business Research Company that provides refinish paint market statistics, including refinish paint industry global market size, regional shares, competitors with a refinish paint market share, detailed refinish paint market segments, market trends and opportunities, and any further data you may need to thrive in the refinish paint industry. This refinish paint market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The refinish paint market size has grown strongly in recent years. It will grow from $8.75 billion in 2025 to $9.2 billion in 2026 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to growth of vehicle ownership, expansion of collision repair industry, use of solvent borne coatings, demand for aesthetic vehicle restoration, automotive aftermarket growth.

The refinish paint market size is expected to see steady growth in the next few years. It will grow to $10.89 billion in 2030 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to increasing electric vehicle repairs, stricter VOC regulations, advancements in digital color systems, growth of insurance backed repairs, expansion of automotive refinishing services. Major trends in the forecast period include shift toward waterborne refinish paints, rising demand for color matching technologies, growing use of high durability clearcoats, expansion of automotive repair and restoration, increasing adoption of low VOC formulations.

The rising number of road accidents is expected to propel the growth of the refinish paint market going forward. Road accidents, also known as traffic collisions or motor vehicle accidents, involve one or more vehicles on a public roadway that cause harm to people, property, or both. The growing number of accidents is attributed to factors such as traffic congestion, distracted driving, and impaired driving. Refinish paint is used to restore a vehicle's exterior appearance to its pre-accident condition. This includes matching the original color and finish of the vehicle, which is essential for maintaining aesthetic consistency and preserving its value. For instance, in July 2025, according to the Automobile Club d'Italia (ACI), an Italy-based public-law corporation, road accidents and injuries increased across all road types between 2023 and 2024, with motorways experiencing a notable rise (+6.9% accidents, +7.0% injuries). Therefore, the rising number of accidents is driving the growth of the refinish paint market.

Major companies operating in the refinish paint market are focusing on developing advanced innovations, such as biomass-balance and sustainable basecoat/undercoat technologies, to gain a competitive advantage. Biomass-balance basecoats incorporate renewable raw materials instead of fossil feedstock and offer lower environmental impact while maintaining high performance in color stability, application efficiency, and VOC compliance. For instance, in April 2024, Badische Anilin- und Sodafabrik (BASF), a Germany-based coatings company, introduced a new generation of eco-efficient clearcoats and undercoats in its refinish portfolio. The system includes rapid UV-A and air-drying undercoats, compatibility with waterborne basecoats, and certified biomass-balance feedstock that reduces CO2 emissions through renewable inputs. This shift helps body shops meet stricter environmental regulations, enhance workflow efficiency, and advance sustainability, though companies must ensure a consistent supply of renewable feedstock to maintain stable quality.

In November 2023, NP Auto Refinishes Co Ltd., a Singapore-based commercial vehicle (CV) coatings company, acquired D-Act Co. Ltd. for an undisclosed amount. This acquisition aimed to bolster NP Auto Refinishes' market share and leadership in the Thai automotive refinish and commercial vehicle coatings market. D-Act Co., Ltd. is a Japan-based manufacturer specializing in auto refinishing and industrial paints.

Major companies operating in the refinish paint market are BASF SE, Sherwin-Williams Company, PPG Industries Inc., AkzoNobel NV, Nippon Paint Holdings Co Ltd., Axalta Coating Systems Ltd., Kansai Paint Co Ltd, KCC Corporation, Allnex Group, KAPCI Coatings, Roberlo S.A., MIPA SE, HB BODY Automotive Refinish, Noroo Paint & Coatings, Sinto Paint Co., Ltd., Samurai Paint, Nipsea Group Automotive Refinish, Kansai Helios Group, Sadolin Automotive Refinish, Jotun Automotive Refinish, Teknos Automotive Coatings, Selemix Automotive Refinish, DeBeer Refinish, Cromax Automotive Refinish

Asia-Pacific was the largest region in the refinish paint market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the refinish paint market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the refinish paint market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The refinish paint market consists of sales of acrylic ename, basecoat, fillers and putties, and activators and hardeners. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Refinish Paint Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses refinish paint market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for refinish paint ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The refinish paint market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Solvent Borne; Waterborne
• 2) By Coating Type: Polyurethane; Epoxy; Acrylic; Other Coating Types
• 3) By Vehicle: Passenger Car; Light Commercial Vehicle; Bus; Truck
• 4) By Application: Clearcoat; Basecoat; Primer; Sealer
• Subsegments:
• 1) By Solvent Borne: Alkyd-Based Paints; Epoxy-Based Paints; Acrylic-Based Paints
• 2) By Waterborne: Water-Based Acrylic Paints; Water-Based Epoxy Paints
• Companies Mentioned: BASF SE; Sherwin-Williams Company; PPG Industries Inc.; AkzoNobel NV; Nippon Paint Holdings Co Ltd.; Axalta Coating Systems Ltd.; Kansai Paint Co Ltd; KCC Corporation; Allnex Group; KAPCI Coatings; Roberlo S.A.; MIPA SE; HB BODY Automotive Refinish; Noroo Paint & Coatings; Sinto Paint Co., Ltd.; Samurai Paint; Nipsea Group Automotive Refinish; Kansai Helios Group; Sadolin Automotive Refinish; Jotun Automotive Refinish; Teknos Automotive Coatings; Selemix Automotive Refinish; DeBeer Refinish; Cromax Automotive Refinish
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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