Global Refinish Paint market is accounted for $3.87 billion in 2020 and is expected to reach $6.60 billion by 2028 growing at a CAGR of 6.9% during the forecast period. Some of the key factors propelling the market growth include growing demand for automobiles, increasing adoption of sustainable and environment friendly products, growing vehicle usage across the world, increasing demand for refinished coating from the various end-users, rise in demand for passenger & recreational vehicles, implementation of new technologies, increase in disposable income, and rising adoption of growth strategies by major key players.
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On the basis of geography, Asia-Pacific region is expected to hold the largest growth rate in the forecast period, due to the rising demand for refinish coating from the various end-users, presence of various prominent manufacturers in this region, increasing sales of pre-owned vehicles, growing cab services, and increasing vehicle repair and body shops in the region. Emerging economies such as India, China, and different Southeast Asian countries are further attracting several global players to start their manufacturing base in Asia-Pacific, thus boosting global demand for refinishing paints. These manufacturers are competing to reach an extensive customer base in countries, such as China and India to cater the increasing demand for refinish coating from the various end-users in these countries.
Some of the key players in Refinish Paint Market include BASF SE, Sherwin-Williams, 3M, Donglai Coating, KAPCI Coatings, Axalta Coating Systems, The Lubrizol Corporation, Akzo Nobel N.V., PPG Industries, Inc., Noroo Paint & Coatings, Nippon Paint Holdings Co. Ltd., Cresta Paint Industries, Guangzhou Zhenroumei Chemical Coating Ltd., James Briggs Ltd., HMG Paints Limited, Mipa SE, Novol SP. Z O.O., and TOA Performance Coating Corporation Co. Ltd.
Technologies Covered in Refinish Paint Market
• Waterborne Coating
• Solvent Borne Coating
• Powder Coating
Resin Types Covered:
• Acrylic Resin
• Polyurethane Resin
• Epoxy Resin
Layers Covered:
• Basecoat
• Sealer
• Primer
• Clear Coat
Vehicle Types Covered:
• Buses
• Trucks
• Passenger Cars
• Commercial Vehicles
Conductors Covered:
• Aluminium
• Copper
Types Covered:
• Ѕtаtіоnаrу Nеutrоn Gеnеrаtоrѕ
• Роrtаblе Nеutrоn Gеnеrаtоrѕ
Sales Channels Covered:
• Distributor
• Direct Sales
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