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.
Table of Content :
- Product Overview
- Research Methodology
- Impact of COVID-19 on Global Refinish Paint Market
- Executive Summary
- Voice of Customer
- Global Refinish Paint Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Resin (Polyurethane, Epoxy, Acrylic & Others)
6.2.2. By Technology (Solventborne, Waterborne & Powder)
6.2.3. By Vehicle (Passenger Car, LCV, Truck & Bus)
6.2.4. By Layer (Clearcoat, Basecoat, Primer & Sealer)
6.2.5. By Company
6.2.6. By Region
6.3. Market Attractiveness Index (By Application, By Form & By Region)
- Asia-Pacific Refinish Paint Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Resin (Polyurethane, Epoxy, Acrylic & Others)
7.2.2. By Technology (Solventborne, Waterborne & Powder)
7.2.3. By Vehicle (Passenger Car, LCV, Truck & Bus)
7.2.4. By Layer (Clearcoat, Basecoat, Primer & Sealer)
7.2.5. By Country (China, Japan, India, South Korea, Australia & Rest of Asia Pacific)
22.214.171.124. China Refinish Paint Market Outlook
126.96.36.199.1. Market Size & Forecast
188.8.131.52.1.1. By Value
184.108.40.206.2. Market Share & Forecast
220.127.116.11.2.1. By Resin (Polyurethane, Epoxy, Acrylic & Others)
18.104.22.168.2.2. By Technology (Solventborne, Waterborne & Powder)
22.214.171.124.2.3. By Vehicle (Passenger Car, LCV, Truck & Bus)
126.96.36.199.2.4. By Layer (Clearcoat, Basecoat, Primer & Sealer)
188.8.131.52. India Refinish Paint Market Outlook
184.108.40.206.1. Market Size & Forecast
220.127.116.11.1.1. By Value
18.104.22.168.2. Market Share & Forecast
22.214.171.124.2.1. By Resin (Polyurethane, Epoxy, Acrylic & Others)
126.96.36.199.2.2. By Technology (Solventborne, Waterborne & Powder)
188.8.131.52.2.3. By Vehicle (Passenger Car, LCV, Truck & Bus)
184.108.40.206.2.4. By Layer (Clearcoat, Basecoat, Primer & Sealer)
Q - What Major Factors Drive Global Refinish Paint Market Growth ?
Ans : Global refinish paint market is anticipated to grow with an impressive CAGR during the forecast period, 2023-2027, due to ability of car owners to repair their vehicle post-collision and rising number of collision rate.
Q - Which Comapnies May Dominates Global refinish paint market ?
Ans: Axalta Coating Systems, PPG Industries, BASF Akzonobel, Sherwin-Williams, 3M, among others are leading the global refinish paint market in the forecast period, 2023-2027.
Q - What is the Study Period For the Global Refinish Paint Market Analysis ?
Ans: The global refinish paint market was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2021 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.
Q - What Recomendations May the new players follow in future ?
Ans : New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.
Mr. Ken Mathews
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