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Refinish Paint Market Share

Report ID: GMI7382
Published Date: Nov 2023
Report Format: PDF

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Refinish Paint Market Share

Major players operating in the refinish paint industry include:

Axalta Coating Systems
PPG Industries
AkzoNobel
BASF SE
Sherwin-Williams Company
Nippon Paint Holdings

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for refinish paint was valued at USD 8.10 Billion in 2022 and is anticipated to record over 5.1% CAGR between 2023 and 2032, backed by the increasing vehicle ownership, a rising number of accidents and collisions, and a growing preference for vehicle aesthetics.

Polyurethane coatings segment had a market share of around 39.4% in 2022 and will grow through 2032 primarily due to their superior durability and gloss retention properties, making them a preferred choice for automotive refinishing.

North America market for refinish paint was around 29.7% in 2022 and is expected to grow significantly through 2032 attributed to the region’s booming automotive industry, a high vehicle ownership rate, and a well-established network of automotive repair shops.

Axalta Coating Systems, PPG Industries, AkzoNobel, BASF SE, Sherwin-Williams Company, and Nippon Paint Holdings.