Automotive Refinish Coating Market, By Type (UV-cured Coatings, Water-borne Coating and Solvent-borne Coatings), By Application (Passenger Cars and Commercial Vehicles) and Regional Forecast to 2035

AUTOMOTIVE REFINISH COATING MARKET

The global automotive refinish coating market size was USD 7619.9 million in 2026 and is projected to touch USD 10855.85 million by 2035, exhibiting a CAGR of 3.3% during the forecast period.

The Market for the automotive refinish coating is mainly accelerated by the consumers need to constantly change the vehicle design to align with the current trend. Increase demand among the consumers to make their vehicles sophisticated and posh has helped with the market growth in the recent years.

Increase in the second hand vehicle sales and Electronic vehicles have helped the market growth. One of the main factor is the consumers need to artistic touch and spin in their vehicle. All these factors have propelled the automotive refinish market growth.

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GLOBAL CRISIS IMPACTING THE AUTOMOTIVE REFINISH COATING MARKET- US TARIFF

The US tariff on the automotive refinish coating can negatively impact the market. Factors such as price of the paint and spare parts of the automobiles will increase, supply chain distribution will have a fluctuation effect on the market. The tariff also puts a pressure on the key players which further impact the coating market in the long run.

LATEST TREND

"Technological Development to propel market growth"

The coating industry are now adapting new technological development for the smooth and easy coating techniques. This has not only improved the final result of coating but also improved the efficiency as well. The most important factor to be noted is that it has reduced the waste. The use of software for coloring has also improved the color coating method and has also increased the availability in the coating colors. These factors have greatly helped the market growth.

AUTOMOTIVE REFINING COATING MARKET SEGMENTATION

By Type

Based on Type the global Automotive Refinish Coating Market is categorized into UV-Cured Coating, Water-Borne Coating and Solvent-Borne Coating

• UV-Cured Coatings: The major reason for the increase in demand for UV-cured coating is that it is durable compared on old coating methods. It also provides increased protection from damage which is preferred by the customers a lot. Using UV-cured coating potentially helps with lowering the energy consumption and also with emission as well, this is achieved by reducing the need for heat for a heat-based curing in coating industry. As it is also environment friendly, its demand has been increasing steadily in the market. The UV-cured coating market is currently valued at USD 11.4 billion.
• Water-Borne Coatings: Increase in the water based coating in the industry has fueled the market growth. One of the important factor to be noted is that it has lower VOC content compared to other coating methods. Since it has low VOC it is rather safe to handle for the workers. In recent years the world is moving towards eco-friendlier and natural products. Therefore, by using water-based coating these factors can be checked out. It also has quick drying properties which cuts down the time taken to coating which is a key factor preferred by consumers and manufacturers. Due to all these properties the water based coating is getting traction thereby improving the market. The water-borne coating market is currently valued at USD 61.02 billion and it is expected to raise and expand and reach a value of USD 98.87 billion in 2032 with a growing a CAGR of 5.5% in the forecast period.
• Solvent-Borne Coatings: The coating method that is dominating the market is the solvent-borne coating method. This is mainly because of its two properties which are corrosion resistant and its adhesion to the surface is strong. It is also known for producing sophisticated finish which is highly referred by the consumers. The solvent-borne coating holds around 47.5% of the coating market clearly indicating their dominance in the market till now. The solvent-borne coating market is currently valued at USD 39.14 billion with a CAGR of 3.8% in the forecast period.

By Application

Based on Application, the Global Market can be Categorized into Passengers Cars and Commercial Vehicles

• Passengers Cars: The passenger cars dominate the Automotive refinish market. This is mainly due to the consumers increase interest in the maintenance of their automobile and make it trendy. Another factor to take into consideration is the damage caused due to accidents, wear and tear due to the use of the cars for a long time and damages caused by environmental factors. The passenger car market in the Automotive Refinish Coating Market is valued at USD 14.5 billion in 2024 and it is expected to grow in the coming years and reach a value of USD 21.7 USD by 2034 with a CAGR of 4.1% during the forecast period.
• Commercial Vehicles: The commercial Vehicles in the Automotive Refinish Coating Market holds a substantial market. The factors that drive the market are the wear and tear, customization, damages and so on. Increase in population leads to increase in the use of the vehicle which indirectly helps in the market growth. One of the main factor that causes the need for the maintenance is the exposure of commercial vehicles to the harsh climates and high mileage when working. All these factors correspond to the market growth. The commercial vehicles in the Automotive Refinish Coating Market is valued at USD 12.79 billion in 2024 and it is expected to reach USD 24.42 billion in 2034 with a CAGR of 6.7% during the forecast period.

MARKET DYNAMICS

Market dynamics includes driving and restraining factor, opportunities and challenges stating the market conditions.

Driving Factors

"Increase in the Vehicle Usage"

Increase in the population globally has led to increase in the use of vehicle for both personal and commercial purposes which has led to the growth of the Automotive Refinish Coating Market. Increase in usage also leads to increase in the wear and tear. In recent years there has also been increase in the need for customization among the consumers. All these factors have collectively helped in the market growth.

"Eco-Friendly Coating Technique"

There is a recent trend among the consumers to move towards environment friendly coating techniques. This helps with less toxic emission and promotes safe coating methods in the market. The government has also taken steps to promote the ecofriendly coating techniques as well. All these factors have contributed to drive the market in recent years.

Restraning Factor

"Toxicity in the Coating Product"

The refinish coating product have VOC which are toxic when handled especially the solved based ones. It is harmful not only to the environment but also to the person handling it as it may cause health issues when handled repeatedly. Due to these factors the market is facing a significant decline in the growth.

Some of the side effects of toxic coating product include eyes and skin irritation, respiratory problems, allergic problems and headaches as well. When used for a long time these coating products can even lead to other serious issues. These factors have deterred the market growth.

Opportunity

"Use of Modern Technologies to Improve the Market"

The modern world is moving towards digitalization in various field. The Automotive Refinish Coating Market is also moving towards digitalization by using software in the color selection in coating, customization of the design in the automobile and so on. These factors have helped the market and has also opened the door for various opportunities in the Automotive Refinish Coating Market.

Challenge

"Competition from the Aftermarket Refinish Market"

The aftermarket refinish product market is having a robust growth in the recent years. This has considerably affected the Automotive Refinish Coating Market. Aftermarket industry provides personalization in the vehicles which attracts the customers and this has made the demand for the aftermarket increase. This is not provided by the automotive coating industry. This leads to the competition in the market.

AUTOMOTIVE REFINISH COATING MARKET REGIONAL INSIGHTS

• North America (Us)

The US Automotive Refinish Coating Market is driven by the customization of the vehicle, increase in the ownership and raise in the technological development. The US is expected to dominate the automotive coating market in the coming years. By the year of 2032 the US market will be valued at 17.79 million USD with a CAGR of 5.6% during the forecast period.

• Europe

The Europe market is propelled by the increase in the manufacture of cars in the recent years. This in turn leads to increase in wear and tear, customization and damage which will indirectly help the market growth. One important factor to note is that Europe has enforced strict environmental laws which has driven the manufacturers to go for ecofriendly coating alternatives. Currently the Europe Automotive Refinish Coating Market share is valued at 40.6 billion euros.

• Asia

Asia is considered as the dominant player in the Automotive Refinish Coating Market. Countries like China and India are the key dominant players in the market. This is mainly fueled by the increase in the population and their increase in need to own an automobile. The current share in the Asia market is valued at 46.19% and it is expected to grow with a CAGR of 6.87% during the forecast period.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

The key players in the automotive refinish coating has taken major steps in the research and development. As a result, it has come up with various ecofriendly coating methods which are less harmful to the environment and the manufacturers handling it. The key players have also shaped the market by analyzing the strategies grow the market, by taking care of the supply chain and distribution of the finished product. Hence the key players are the main contributors for the market growth.

List Of Automotive Refinish Coating Companies

• BASF (Germany)
• AkzoNobel (Netherlands)
• 3M (US)
• PPG Industries (US)
• Sherwin-Williams (US)
• DowDuPont (US)
• Kansai Paint (Japan)
• Nippon Paint (Japan)
• KCC Paints (South Korea)
• Axalta Coating (US)

KEY INDUSTRY DEVELOPMENT

2024:  Resin Coating is one of the key industry developments in the automotive refinish coating industry is the invention of resin coating. Resin coating is preferred by the costumers as it high resistance to wear and tear, good color retention and protects from UV radiation as well. These developments have made the resin coating desirable to the consumers. It has also helped in the steady growth of the market.

REPORT COVERAGE

The report covers the overview of the Automotive Refinish Coating Market. Their growth in the current years and their new developments that has propelled the market growth. The effects of US tariff on the import and export of the product. The segmentation of the Automotive Refinish Coating Market by type and by application. The effects of each type of the coating on the vehicle. The driving factors such as technological development and their impact on the market. The restraining factors and the challenges that the industry undergoes during its growth. The new opportunities that can help and develop the market growth.

The regional effect that has on the market. The key industry players and their contribution to the automotive refinish coating industry. The key industry players in the market and key development in the industry that has helped expand the market.