- Automotive Refinish Coatings, used to restore the appearance and durability of vehicles after damage or wear, have become essential across both personal and commercial vehicle segments due to their aesthetic, protective, and resale value-enhancing properties
- The growing demand for automotive refinishing solutions is largely driven by the rising number of road accidents, increased vehicle ownership, and a growing consumer emphasis on vehicle aesthetics and maintenance
- Moreover, the market is experiencing a notable boost from technological advancements in coating formulations, such as low-VOC, waterborne, and UV-cured technologies, which enhance sustainability, reduce application time, and meet stringent environmental regulations
- China dominates the automotive refinish coatings market within the Asia Pacific region in 2024. This dominance is attributed to its large vehicle market and a well-established auto repair infrastructure
- India’s automotive refinish coatings market is emerging as the fastest-growing region in the Asia Pacific, driven by rising disposable incomes and increasing automobile purchases, particularly in metropolitan areas
- The polyurethane segment dominated the market with a revenue share of 42.56% in 2024. This dominance is largely due to polyurethane’s excellent flexibility, high durability, and strong resistance to chemicals and abrasion
