"Global Refinished Paint Market – Industry Trends and Forecast to 2029
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
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**Segments**
- By Resin Type:
- Polyurethane
- Epoxy
- Acrylic
- Others
- By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- By Coat Type:
- Clearcoat
- Basecoat
- Primer
- By Technology:
- Solvent-Borne
- Waterborne
- UV-Cured
**Market Players**
- PPG Industries, Inc.
- Axalta Coating Systems, LLC
- Akzo Nobel N.V.
- Sherwin-Williams
- BASF SE
- Kansai Paint Co., Ltd.
- Nippon Paint Holdings Co., Ltd.
- The Valspar Corporation
- RPM International Inc.
- Jotun A/S
The refinished paint market is segmented based on resin type, vehicle type, coat type, and technology. By resin type, the market is further categorized into polyurethane, epoxy, acrylic, and others. In terms of vehicle type, it is divided into passenger cars and commercial vehicles. The coat type segment includes clearcoat, basecoat, and primer. Lastly, by technology, the market is segmented into solvent-borne, waterborne, and UV-cured paints.
In recent years, the global refinished paint market has witnessed significant growth due to the rise in the number of vehicles on the roads, increasing demand for vehicle customization, and the growing trend of refurbishing old vehicles. The use of advanced technologies like waterborne and UV-cured paints has also positively impacted market growth as they are eco-friendly and offer enhanced performance compared to traditional solvent-borne paints.
Key market players in the refinished paint industry include PPG Industries, Axalta Coating Systems, Akzo Nobel, Sherwin-Williams, BASF, Kansai Paint, Nippon Paint, Valspar, RPM International, and Jotun. These companies invest heavily in research and development initiatives toThe refinished paint market is a dynamic and competitive industry driven by various factors such as technological advancements, increasing vehicle ownership, and changing consumer preferences. PPG Industries, Inc. is one of the leading players in the market, offering a wide range of refinished paint products catering to different resin types, coat types, and technologies. The company's strong focus on innovation and sustainability has helped it maintain its position as a key player in the industry.
Axalta Coating Systems, LLC is another major player in the refinished paint market, known for its high-quality coatings and solutions for automotive refinishing. The company's strategic partnerships and collaborations with key stakeholders have enabled it to expand its market reach and introduce innovative products to meet the evolving needs of customers.
Akzo Nobel N.V. is a global leader in the refinished paint industry, with a strong portfolio of brands and a focus on sustainability. The company's commitment to environmental stewardship and product quality has garnered it a loyal customer base and positioned it as a top player in the market.
Sherwin-Williams is a well-established player in the refinished paint market, offering a diverse range of products for automotive refinishing applications. The company's investments in research and development have led to the introduction of cutting-edge technologies and solutions that have set it apart from competitors.
BASF SE is a key player in the refinished paint industry, known for its innovative coatings and sustainable solutions. The company's strong emphasis on sustainability and customer-centric approach has helped it solidify its position in the market and drive growth.
Kansai Paint Co., Ltd. is a prominent player in the refinished paint market, with a focus on delivering high-performance coatings and services to its customers. The company's strategic acquisitions and partnerships have enabled it to expand its product offerings and global presence.
Nippon Paint Holdings Co., Ltd. is a leading player in the refinished paint market, known for its advanced coatings technology and innovative products. The company's customer-focused approach and**Global Refinished Paint Market**
- **By Resin Type:** Polyurethane Resin, Epoxy Resin, Acrylic Resin, Others
- **Technology:** Solvent-Borne Coating, Waterborne Coating, UV-Cured Coating
- **Vehicle Type:** Passenger Car, Commercial Vehicles
- **Layer:** Primer, Basecoat, Clearcoat
The global refinished paint market is expected to witness substantial growth in the forecast period. The increasing number of vehicles on the roads, coupled with a growing trend of vehicle customization and a rising demand for the refurbishment of old vehicles, will drive market growth. Advanced technologies like waterborne and UV-cured paints are gaining traction due to their eco-friendly nature and superior performance, further propelling market expansion. The market is segmented based on resin type, technology, vehicle type, and layer, offering a wide range of products to cater to different needs in the automotive refinishing sector.
In terms of resin type, polyurethane resin is anticipated to hold a significant market share owing to its durability and versatility. Epoxy resin is also expected to show steady growth due to its excellent adhesion properties. Acrylic resin is favored for its affordability and ease of use, making it a popular choice among consumers. Other resin types cater to niche preferences and specialized applications in the refinished paint market.
The technology segment is witnessing a shift towards waterborne and UV-cured coatings due to their lower VOC emissions and faster curing times
Major Points Covered in TOC:
Refinished Paint Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Refinished Paint Market portions by application, study goals, and years considered.
Refinished Paint Market Landscape: Here, the opposition in the Worldwide Refinished Paint Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.
Refinished Paint Profiles of Manufacturers: Here, driving players of the worldwide Refinished Paint Market are considered dependent on deals region, key items, net edge, income, cost, and creation.
Refinished Paint Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Refinished Paint Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.
Refinished Paint Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Refinished Paint Market.
Refinished Paint Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.
Keyword: Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.
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