Global Refinished Paint Market, By Resin Type (Polyurethane Resin, Epoxy Resin, Acrylic Resin, Others), Technology (Solvent Borne Coating, Waterborne Coating, Powder Coating), Vehicle Type (Passenger Car, Buses, LCV, Trucks), Layer (Primer, Basecoat, Clear coat, Sealer), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Refinished Paint Market
The refinished paint market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 14.5 billion by 2029 and to grow at a CAGR of 4.2% in the above-mentioned forecast period.
Refinished paint is basically a process of repairing or reapplying top coat, lacquer or varnish. They need to be repaired frequently to enhance the façade and to recover the damages caused by external factors such as extreme temperature, stones, damage due to accidents and similar others.
The increasing usage of vehicle across the world along with increasing demand for refinished coating from the various end-users are the root cause fueling up the market growth rate. Additionally, the increasing demand for vehicle and rising adoption of growth strategies by major key players will further carve the way for the growth of market. However, the volatility in raw material prices impede growth of the refinished paint market.
The increasing demand for recreational vehicle are estimated to generate numerous opportunities for the market. On the flip side, the enhanced safety features on advanced vehicle and dearth of experienced workers pose as a major challenge to the growth of the refinished paint market.
This refinished paint market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on refinished paint market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Refinished Paint Market Scope and Market Size
The refinished paint market is segmented on the basis of resin type, technology, vehicle type and layer. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of resin type, the refinished paint market is segmented into polyurethane resin, epoxy resin, acrylic resin and others.
- Based on technology, the refinished paint market is segmented into solvent borne coating, waterborne coating and powder coating.
- On the basis of vehicle type, the refinished paint market is segmented into passenger car, buses, LCV and trucks.
- Based on layer, the refinished paint market is segmented into primer, basecoat, clear coat and sealer.
Refinished Paint Market Country Level Analysis
The refinished paint market is analyzed and market size, volume information is provided by resin type, technology, vehicle type and layer as referenced above.
The countries covered in the refinished paint market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is estimated to dominate the refinished paint market as it is the largest consumer of refinish coatings. North America, on the other hand, will continue to however show lucrative growth within the forecast period owing to the increasing sales of pre-owned vehicles and increasing vehicle repair and body shops in the region.
The country section of the refinished paint market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Refinished Paint Market Share Analysis
The refinished paint market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to refinished paint market.
Some of the major players covered in the refinished paint market report are Akzo Nobel N.V., Donglai., Novol SP. Z O.O., BASF SE, Noroo Paint & Coatings Co., Ltd., The Lubrizol Corporation, Nippon Paint Holdings Co., Ltd. , KCC Corporation., Mipa SE, Cresta Paint Industries LTD., James Briggs Ltd., The Sherwin-Williams Company, Alpscoating., Besa, Guangzhou Zhenroumei Chemical Coating Limited, Cresta Paint Industries Ltd., KAPCI Coatings, TOA Performance Coating Corporation Co. Ltd., PPG Industries, Inc. , 3M, Axalta Coating Systems, HMG Paints Limited and Kansai Paint CO.,LTD among others.
SKU-