보수 페인트 시장 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Refinish Paint Market was valued at USD 8.7 billion in 2024 and is projected to experience a steady growth rate of 4.5% CAGR from 2025 to 2034. The market expansion is primarily fueled by the growth of the automotive aftermarket service industry, driven by increasing vehicle ownership worldwide. As more people own vehicles, there is a notable rise in the demand for services such as repainting, dent repair, and surface refinishing. Consumers are increasingly focused on maintaining the aesthetic appeal and resale value of their vehicles, driving the need for high-quality refinish paints. Additionally, the growth in vehicle customization and the need for frequent collision repairs are contributing to the rise in demand for refinish coatings. In parallel, rising environmental awareness and the push for more eco-friendly solutions are prompting a shift toward low-VOC and water-based paint options.

A major trend in the refinish paint market is the growing demand for premium finish coatings. Consumers are more inclined to invest in coatings that not only enhance the look of their vehicles but also offer superior durability. Premium finishes, known for their smooth textures, high gloss, and resistance to environmental factors, have become especially popular in high-end vehicles. Matte, metallic, and pearlescent coatings are trending in the luxury and custom vehicle markets, where appearance is of utmost importance. These high-quality finishes provide a level of sophistication that appeals to consumers willing to pay more for longevity and visual appeal.

In terms of resin types, the market is divided into epoxy, acrylic, polyurethane, and others, with polyurethane taking the lead. The polyurethane segment alone accounted for USD 3.4 billion in 2024, owing to its excellent durability, flexibility, and superior finish quality. This resin type is highly regarded for its ability to withstand UV rays, chemical exposure, and abrasions, making it ideal for automotive applications. Polyurethane coatings are also prized for their glossy appearance and long-lasting protection, which meets both aesthetic and practical needs in the refinish market.

Technology-wise, the refinish paint market can be broken down into waterborne, powder coatings, and solvent-borne categories. Solvent-borne coatings represent the largest share, holding 49% of the market. Their fast-drying properties, excellent adhesion to various surfaces, and ability to perform well in harsh environmental conditions make them highly favored. These coatings are particularly popular in automotive refinishing, where the demand for smooth finishes and versatility is crucial. Solvent-borne coatings' durable nature and reliability have solidified their position as the preferred choice in advanced automotive refinishing techniques.

In the U.S. market, the demand for refinish paint is strong, with a market value of USD 2.1 billion in 2024. The U.S. has a large base of vehicle owners, which contributes to the continuous demand for high-quality refinish coatings. The growing trend in vehicle customization, an increase in collision repairs, and the rising number of accidents are all driving factors. Moreover, stringent environmental regulations are pushing for more eco-friendly, low-VOC paint options, which further influence the growth trajectory of the market in the U.S.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definition
• 1.2 Base estimates & calculations
• 1.3 Forecast calculation
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021-2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Factor affecting the value chain
  • 3.1.2 Profit margin analysis
  • 3.1.3 Disruptions
  • 3.1.4 Future outlook
  • 3.1.5 Manufacturers
  • 3.1.6 Distributors
• 3.2 Supplier landscape
• 3.3 Profit margin analysis
• 3.4 Key news & initiatives
• 3.5 Regulatory landscape
• 3.6 Impact forces
  • 3.6.1 Growth drivers
    • 3.6.1.1 Growing automotive aftermarket service industries.
    • 3.6.1.2 Expanding demand for premium finish coatings.
    • 3.6.1.3 Advancements in eco-friendly paint technologies.
  • 3.6.2 Industry pitfalls & challenges
    • 3.6.2.1 High cost of advanced refinish coatings
    • 3.6.2.2 Stringent environmental regulations on VOC emissions
• 3.7 Growth potential analysis
• 3.8 Porter’s analysis
• 3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Resin, 2021-2034 (USD Billion) (Kilo Tons)

• 5.1 Key trends
• 5.2 Polyurethane
• 5.3 Epoxy
• 5.4 Acrylic
• 5.5 Others

Chapter 6 Market Size and Forecast, By Technology, 2021-2034 (USD Billion) (Kilo Tons)

• 6.1 Key trends
• 6.2 Solvent borne
• 6.3 Waterborne
• 6.4 Powder

Chapter 7 Market Size and Forecast, By Application, 2021-2034 (USD Billion) (Kilo Tons)

• 7.1 Key trends
• 7.2 Clearcoat
• 7.3 Basecoat
• 7.4 Primer
• 7.5 Sealer
• 7.6 Others

Chapter 8 Market Size and Forecast, By End Use, 2021-2034 (USD Billion) (Kilo Tons)

• 8.1 Key trends
• 8.2 Automotive
• 8.3 Aerospace
• 8.4 Industrial
• 8.5 Marine
• 8.6 Others

Chapter 9 Market Size and Forecast, By Region, 2021-2034 (USD Billion) (Kilo Tons)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 UK
  • 9.3.2 Germany
  • 9.3.3 France
  • 9.3.4 Italy
  • 9.3.5 Spain
  • 9.3.6 Russia
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 India
  • 9.4.3 Japan
  • 9.4.4 South Korea
  • 9.4.5 Australia
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
• 9.6 MEA
  • 9.6.1 South Africa
  • 9.6.2 Saudi Arabia
  • 9.6.3 UAE

Chapter 10 Company Profiles

• 10.1 BASF SE
• 10.2 Akzo Nobel N.V.
• 10.3 Alsa Corporation
• 10.4 Axalta Coating Systems
• 10.5 Berger Paints India Limited
• 10.6 Cabot Corporation
• 10.7 Clariant
• 10.8 NOROO Paint & Coatings co. Ltd.
• 10.9 PPG Industries, Inc.
• 10.10 The Dow Chemical Company