The global refinish paint market size was significantly robust in 2020, and revenue is to expand at a steady revenue CAGR during the forecasted period. The increasing use of automobiles, extensive research, and development, and recent boom observed in the market coupled with diversified applications across several industries have led to significant growth of the market. Along with manufacturers making continuous intensive research using innovative and advanced methods to fulfill customer demands of different applications for varied industries are some key factors contributing significantly to market revenue growth.
Increased demand for recreational vehicles will open up plenty of new chances, propelling the refinished paint industry forward throughout the projection period. The refinish paint is made of polymeric materials, which are vital and very intensively used raw materials affecting the synthesis of the refinish paint products. The enabling feature of these paints is to help protect the surface from environmental parameters making a large-scale impact on the overall growth of the market. A variety of coating films used helps to protect from heat, rust, scratches, stains, UV radiations, etc. The industrial application of these refinish paint ranges from its use in automotive, aerospace, furniture, etc. Thus, driving growth of the refinish paint market globally.
Top Companies Operating in the Global Refinish Paint Market:
Axalta, PPG Industries, BASF, PPG Industries, Donglai Coatings, Novol, Cresta Paint Industries, HMG Paints, Alps Coatings, Mipa, Besa, Kapci Coatings, Noroo Paint Coatings, James Briggs, Sherwin-Williams, Kansai Paint, Nippon Paint, KCC Corporation, AkzoNobel, 3M
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Refinish Paint market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Refinish Paint market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Refinish Paint market key players
3.2 Global Refinish Paint size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Refinish Paint market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Refinish Paint Market Segmentation
By Laser Type (Revenue, USD Billion; 2018-2028)
- Clearcoat
- Basecoat
- Primer
- Sealer
By Resin Type (Revenue, USD Billion; 2018-2028)
- PU
- Epoxy
- Acrylic
By Technology (Revenue, USD Billion; 2018-2028)
- Waterborne
- Solventborne
- Powder
By Vehicle (Revenue, USD Billion; 2018-2028)
- Passenger Cars
- Commercial Vehicles
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