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Automotive Refinish Coating Market Share

Report ID: GMI10868
Published Date: Aug 2024
Report Format: PDF

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Automotive Refinish Coating Market Share

Automotive Refinish Coating Market Company Share, (2023)

The competitive landscape for the automotive refinish coating industry is characterized by a mix of global leaders and specialized companies, each bringing unique strengths to the table. Major players like 3M Company, AkzoNobel N.V., and Axalta Coating Systems, LLC leverage their extensive research and development capabilities to offer advanced, high-performance coatings. These companies are renowned for their innovative technologies and comprehensive product portfolios, which include high-durability, eco-friendly, and fast-curing coatings that cater to diverse market needs. BASF SE and Dow Inc. also play a significant role, utilizing their expertise in chemistry and materials science to deliver cutting-edge solutions that meet stringent industry standards.

In addition to these global giants, the market also features key players such as Allnex Group, Bernardo Ecenarro S.A., and DSM Coating Resins B.V., which provide specialized coatings and niche solutions tailored to specific applications. Companies like Covestro AG and Cresta Paint Industries Ltd. contribute to the competitive landscape with their focus on high-performance resins and innovative coating technologies. This diverse array of competitors fosters a dynamic market environment, driving continuous innovation and enhancing the availability of advanced refinish coatings across different regions and vehicle types.

Automotive Refinish Coating Market Companies

Major players operating in the industry include:

3M Company
AkzoNobel N.V.
Allnex Group
Axalta Coating Systems, LLC
BASF SE
Bernardo Ecenarro S.A.
Cresta Paint Industries Ltd.
Covestro AG
Dow Inc.
DSM Coating Resins B.V.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Market size for automotive refinish coating was USD 10.72 billion in 2023 and is expected to register over 5.6% CAGR from 2024-2032 owing to increasing number of vehicles on the road, particularly older vehicles requiring maintenance and repairs worldwide.

Automotive refinish coating industry from the basecoat segment is expected to reach USD 6.08 billion by 2032 due to its critical role in preparing vehicle surfaces for subsequent coatings.

North America industry is expected to reach USD 5.52 billion by 2032 due to high vehicle ownership rate, robust automotive repair and maintenance infrastructure, and significant investments in advanced coating technologies in the region.

3M Company, AkzoNobel N.V., Allnex Group, Axalta Coating Systems, LLC, BASF SE, Bernardo Ecenarro S.A., Cresta Paint Industries Ltd., Covestro AG, Dow Inc., and DSM Coating Resins B.V., are some of the major automotive refinish coating companies worldwide.