세계의 자동차 보수용 코팅 시장 예측 : 재료 유형별, 차량 유형별, 도막 유형별, 배합별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Automotive Refinish Coatings Market is accounted for $13.2 billion in 2024 and is expected to reach $22.4 billion by 2030 growing at a CAGR of 9.2% during the forecast period. Automotive refinish coatings are specialized products designed to restore and protect the surfaces of vehicles after damage or wear. Advanced formulations, such as waterborne and high-solids coatings, are increasingly popular due to their lower environmental impact and improved application properties. Automotive refinish coatings not only enhance the vehicle's appearance but also extend its lifespan, ensuring long-lasting protection against corrosion and wear. The application process typically involves surface preparation, applying multiple layers for optimal finish, and curing to ensure a strong bond.

According to the Autocare Association, the global automotive aftermarket grew by 14.8% in 2021 and is expected to reach US$514 billion by 2024. According to the International Organization of Motor Vehicle Manufacturers (OICA, the total automotive vehicle production in China rose by 3%, a 30% increase in India, 8% growth in Taiwan and 63% growth in Indonesia for the year 2021 compared to the previous year.

Market Dynamics:

Driver:

Increased vehicle lifespan

Increased vehicle lifespan is substantially influencing the automotive refinish coatings industry, driving innovation and development of more durable and resilient products. As consumers expect their vehicles to last longer, manufacturers are responding by creating coatings that not only enhance aesthetics but also provide superior protection against environmental factors, such as UV rays, corrosion, and chemical exposure. Advanced formulations incorporate cutting-edge technologies like nano-coatings and high-performance polymers, which improve adhesion and resistance to scratches and fading. This evolution in refinish coatings not only prolongs the appearance and integrity of vehicles but also supports sustainability by reducing the frequency of repaints and repairs.

Restraint:

Skill shortages

The automotive refinish coatings industry is facing significant skill shortages that hinder its growth and efficiency. As technology advances, the demand for skilled professionals who can navigate complex coating systems and application techniques increases. Many workers lack the specialized training needed to handle modern materials, such as waterborne and high-performance coatings, which require both technical expertise and an understanding of environmental regulations. This gap in skills leads to longer project timelines, decreased product quality, and increased operational costs. These elements are hampering the market growth.

Opportunity:

Integration of digital technologies

The integration of digital technologies in automotive refinish coatings is revolutionizing the industry by enhancing precision, efficiency, and quality. Advanced tools like color matching software and automated mixing systems enable technicians to achieve exact color replicas, reducing waste and improving customer satisfaction. Augmented reality (AR) applications provide visual aids for technicians during the repair process, streamlining workflows and minimizing errors. IoT-enabled equipment allows for real-time monitoring of conditions, ensuring optimal application environments and reducing drying times.

Threat:

Economic fluctuations

Economic fluctuations significantly impact the automotive refinish coatings industry by altering consumer spending patterns, production costs, and overall market demand. During economic downturns, consumers tend to postpone vehicle repairs and refinishing, leading to reduced demand for coatings. Rising raw material prices, driven by inflation or supply chain disruptions, can increase production costs for manufacturers, further squeezing profit margins. In contrast, economic growth may boost vehicle sales and repair activities, but fluctuations can create uncertainty, making it challenging for businesses to plan and invest in new technologies or product lines.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the automotive refinish coatings industry, leading to a shift in demand and operational challenges. During lockdowns, production facilities faced temporary closures, disrupting supply chains and causing shortages of raw materials. This, coupled with reduced vehicle usage, resulted in a decline in refinishing services, as fewer accidents and damage incidents occurred. However, the pandemic also accelerated trends such as increased online sales and the adoption of digital tools for customer engagement, prompting businesses to adapt quickly. The push for sustainability led to a growing interest in eco-friendly coatings, as consumers became more environmentally conscious during the crisis.

The Polyurethanes segment is expected to be the largest during the forecast period

Polyurethanes segment is expected to dominate the largest share over the estimated period, by offering superior durability, flexibility, and resistance to environmental factors. These coatings provide excellent adhesion and are resistant to scratches, chemicals, and UV radiation, ensuring that the vehicle's appearance remains pristine over time. Polyurethanes also contribute to a smooth, glossy finish that enhances the aesthetic appeal of vehicles, making them highly sought after in the automotive market. Innovations in formulation have led to faster curing times and improved application methods, facilitating efficient repairs and refinishing processes.

The Passenger Vehicles segment is expected to have the highest CAGR during the forecast period

Passenger Vehicles segment is estimated to grow at a rapid pace during the forecast period, as it meets growing consumer demands for quality, durability, and aesthetics. These advanced coatings are designed to restore vehicles to their original shine while providing long-lasting protection against environmental elements, such as UV rays, chemicals, and abrasion. Innovations in formulations are leading to improvements in color retention, gloss, and resistance to chipping and fading. Furthermore, eco-friendly options are gaining traction, as manufacturers aim to reduce the environmental impact of their products. The rise of advanced technologies, including nanotechnology and multi-layered systems, is also contributing to superior performance and application ease.

Region with largest share:

North America region is poised to hold the largest share of the market throughout the extrapolated period, as manufacturers seek to stand out in a competitive landscape. Companies are emphasizing unique product formulations, innovative application technologies, and environmentally friendly solutions to cater to diverse customer needs. This focus on differentiation not only helps brands establish a distinct identity but also builds customer loyalty in a market characterized by rising consumer expectations for quality and sustainability. Advanced coatings that offer enhanced durability, ease of application, and superior aesthetic qualities are gaining traction, appealing to both professional refinishing shops and DIY enthusiasts.

Region with highest CAGR:

Europe region is estimated to witness the highest CAGR during the projected time frame, by promoting sustainability and innovation. Many European countries are implementing stringent environmental regulations, encouraging manufacturers to develop eco-friendly coatings that reduce volatile organic compounds (VOCs) and enhance durability. Incentives such as tax breaks and grants for adopting green technologies motivate companies to invest in advanced coating solutions. Additionally, insurance providers are increasingly offering discounts for businesses that use environmentally friendly products, recognizing their potential to lower repair costs and improve vehicle longevity. These incentives not only support manufacturers in meeting regulatory compliance but also foster a competitive market that prioritizes sustainable practices. These factors are boosting the regional growth.

Key players in the market

Some of the key players in Automotive Refinish Coatings market include 3M Company, Akzo Nobel N.V., Allnex Group, Axalta Coating Systems, BASF SE, Berger Paints India Limited, Cabot Corporation, Covestro AG, Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd, NOROO Paint & Coatings co. Ltd, PPG Industries, Inc, The Dow Chemical Company, The Lubrizol Corporation and The Sherwin-Williams Company.

Key Developments:

In April 2024, BASF's Coatings division launched a new range of eco-efficient clearcoats and undercoats for the Asia Pacific refinish market. The products aimed to enhance quality and productivity while significantly reducing CO2 emissions. The latest products, manufactured using BASF's biomass balance approach, have received approvals from leading automotive OEMs and are designed to help body shops improve efficiency and profitability.

In December 2022, BASF introduced car coatings made with renewable raw materials through a certified biomass balance method. BASF's ColorBrite Airspace, Blue ReSource basecoat, launched in China after being certified by REDcert using a biomass balance method. BASF's biomass balance automotive OEM coatings were introduced to Asia for the first time in May 2022, following their official launch in Europe.

Material Types Covered:

• Acrylics
• Polyurethanes
• Epoxy
• Polyester
• Other Material Types

Vehicle Types Covered:

• Commercial Vehicles
• Passenger Vehicles

Coat Types Covered:

• Top Coat
• Base Coat
• Clear Coat
• Other Coat Types

Formulations Covered:

• Water Based
• Solvent Based
• Powder Based
• Other Formulations

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Emerging Markets
• 3.7 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Automotive Refinish Coatings Market, By Material Type

• 5.1 Introduction
• 5.2 Acrylics
• 5.3 Polyurethanes
• 5.4 Epoxy
• 5.5 Polyester
• 5.6 Other Material Types

6 Global Automotive Refinish Coatings Market, By Vehicle Type

• 6.1 Introduction
• 6.2 Commercial Vehicles
• 6.3 Passenger Vehicles

7 Global Automotive Refinish Coatings Market, By Coat Type

• 7.1 Introduction
• 7.2 Top Coat
• 7.3 Base Coat
• 7.4 Clear Coat
• 7.5 Other Coat Types

8 Global Automotive Refinish Coatings Market, By Formulation

• 8.1 Introduction
• 8.2 Water Based
• 8.3 Solvent Based
• 8.4 Powder Based
• 8.5 Other Formulations

9 Global Automotive Refinish Coatings Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 3M Company
• 11.2 Akzo Nobel N.V.
• 11.3 Allnex Group
• 11.4 Axalta Coating Systems
• 11.5 BASF SE
• 11.6 Berger Paints India Limited
• 11.7 Cabot Corporation
• 11.8 Covestro AG
• 11.9 Kansai Paint Co., Ltd
• 11.10 Nippon Paint Holdings Co., Ltd
• 11.11 NOROO Paint & Coatings co. Ltd
• 11.12 PPG Industries, Inc
• 11.13 The Dow Chemical Company
• 11.14 The Lubrizol Corporation
• 11.15 The Sherwin-Williams Company