The global refinish paint market is projected to grow at a CAGR of around 4%, in value terms, during 2022-2027. Increasing number demand for cars in emerging economies, rising income of middle-class population and increased propensity of car owners to repair their vehicle is expected to drive growth in refinish paint market. Expansion of global players, increasing demand for refinish coating from various end-users and growing use of refinish paint in various industries is expected to fuel the demand for refinish paint across the globe.
Some of the major players operating in the Global Refinish Paint market are Axalta Coating Systems, PPG Industries, BASF Akzonobel, Sherwin-Williams, 3M, Kansai Paint, Nippon Paint, KCC, Donglai Coating etc.
Objective of the Study:
- To analyze and forecast market size of the global Refinish paint market, in terms of value.
- To define, classify and forecast the global refinish paint market on the bases of resin, technology, vehicle, layer and region.
- To scrutinize the detailed market segmentation and forecast the market size, in terms of value, based on region by segmenting global refinish paint market into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
- To identify tailwinds and headwinds for the global refinish paint market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions in the global Refinish Paint market.
- to strategically profile the leading players, which are involved in the manufacturing or supply of refinish paint globally.
TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of refinish paint manufacturers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include providers that could not be identified due to the limitations of secondary research. TechSci Research analysed conductor, insulation material. end user and regional presence of all major refinish paint manufacturers across the globe.
TechSci Research calculated the market size for the global Refinish Paint market using a bottom-up approach, where manufacturers’ value data for resin type of (polyurethane, epoxy, acrylic & others) refinish paint was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective providers or manufacturers to arrive at the overall market size. Various secondary sources such as companies, white papers, investor presentations and financial reports were also used by the TechSci Research.
Key Target Audience:
- Global refinish paint manufacturers
- Research organizations and consulting companies
- Organizations, associations and alliances related to refinish paint manufacturing
- Government bodies such as regulating authorities and policy makers.
- Industry associations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as refinish paint manufacturer and policy makers, which market segments should be targeted over the coming years (next five years) to strategize investments and capitalize on growth of the market.
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In this report, global refinish paint market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Refinish Paint Market, by Resin:
- Global Refinish Paint Market
- Global Refinish Paint Market
Refinish Paint Market, by Conductor:
Refinish Paint Market, by Technology:
Refinish Paint Market, by Vehicle:
- Passenger Car
Refinish Paint Market, by Layer:
Mr. Ken Mathews
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