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USA Automotive Refinish Market Size, Share & Industry Analysis Report, by Type (UV-cured Coatings, Water-borne Coatings, Solvent-borne Coatings), by Application (Premium Passenger Cars, Light Commercial Vehicles, Compact Passenger Cars, Luxury Passenger Cars), Segment and Forecasts, 2024 to 2032.

 Pulichser: Innovation Market Research

January 2024

 Pages: 105

 IMR 1540

Automotive refinish coating plays a crucial role in the automotive repair industry, particularly within body shops and repair centers, where it is employed for refinishing vehicles. This specialized coating is designed to enhance the aesthetic appeal of vehicles, provide corrosion protection, and restore damaged surfaces to their original condition. The automotive refinish coating market has witnessed substantial growth in recent years, primarily driven by the increasing incidence of vehicle collisions and accidents, which necessitate extensive repair and refinishing processes.

One of the key factors contributing to the growth of the automotive refinish coating market is the surge in vehicular accidents, resulting in a higher demand for repair and restoration services. As the global automotive fleet expands and road congestion persists, the likelihood of accidents rises, leading to an upswing in the need for automotive refinish coatings. Repair centers and body shops have become integral components of the automotive ecosystem, addressing the repair and refinishing requirements of vehicles involved in collisions.

Moreover, the regulatory landscape plays a pivotal role in shaping the trajectory of the automotive refinish coating market. Governmental regulations, particularly those pertaining to the emission of volatile organic compounds (VOCs), have gained prominence. High levels of VOCs in coating formulations can contribute to environmental pollution and pose health risks. As a response to these concerns, regulatory bodies have implemented stringent guidelines and limitations on VOC emissions in automotive coatings, including refinish coatings.

The automotive industry is witnessing a paradigm shift towards environmentally friendly and sustainable practices. In this context, compliance with VOC regulations is not only a regulatory necessity but also aligns with the broader industry trends toward eco-friendly solutions. Manufacturers in the automotive refinish coating market are thus compelled to innovate and formulate coatings that not only meet the stringent regulatory standards but also contribute to a greener and more sustainable automotive ecosystem.

The impact of regulatory measures on VOC emissions is expected to influence the formulation and adoption of automotive refinish coatings in the foreseeable future. Industry players are likely to invest in research and development to create low-VOC or VOC-free formulations, ensuring both compliance with regulations and meeting the evolving preferences of environmentally conscious consumers.

In conclusion, the automotive refinish coating market is experiencing significant growth driven by the increasing frequency of vehicular collisions. However, the industry is not immune to the evolving regulatory landscape, particularly concerning volatile organic compounds. Stakeholders in the automotive refinish coating sector must navigate these regulatory challenges while simultaneously embracing innovation to develop coatings that align with both environmental sustainability and the demanding requirements of the automotive repair industry.

United States Automotive Refinish Market Size was USD 2.2 billion in 2016 and increasing automotive refinish demand in light of rising road collisions and aftermarket modifications will fuel market growth. Growing consumption of refinish coatings in automotive maintenance, repair, and aftermarket painting on account of excellent visual appearance, surface protection, resistance to corrosion, extreme weather, temperature, heat and water is expected to promote industry expansion.

This report studies the Automotive Refinish market. Automotive refinish are a functional coating formulated to be used on damaged surfaces of automotive exteriors in order to restore them, realizing the same feeling of color as that of new vehicles. Automotive Refinish can be used for Passenger Vehicle and Commercial Vehicle. The most proportion of Automotive Refinish was Passenger Vehicle, and the sales proportion was nearly 82.6% in 2016.

Solvent borne technology accounted for 51% of United States Revenue share in 2016 and is expected to witness slow growth owing to stringent regulations on VOC emission levels. However, improvements in technologies and innovations have led to the development of high solid formulations. High solid formulations are widely used owing to high-quality finish and reduced emissions, which in turn will augment solvent borne coatings industry size over the forecast period.

PPG Industries, Sherwin-Williams (Valspar), Axalta Coating Systems, Akzo Nobel, BASF were the major players and accounted for over 82% of the overall market share in 2022. " "

Geographically, this report split USA into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Automotive Refinish for these regions, from 2024 to 2032 (forecast), including
Northeast
Midwest
South
West

USA Automotive Refinish market competition by top manufacturers/players, with Automotive Refinish sales volume, price, revenue (Million USD) and market share for each manufacturer/player.

The top players including
PPG Industries
Sherwin-Williams (Valspar)
Axalta Coating Systems
Akzo Nobel
BASF
United States Other

On the basis of product, this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily split into
Solvent Borne
Water Borne
Others

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume (K Units), market share and growth rate of Automotive Refinish for each application, including
Passenger Vehicle
Commercial Vehicle

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