Automotive Refinish Market Trends and Global Production Volumes

Automotive Refinish Market Size, Demand and Trends Analysis 2034

The automotive refinish market is anticipated to grow from USD 13.28 billion in 2025 to USD 23.2 billion by 2034, with a compound annual growth rate (CAGR) of 6.44% during the forecast period from 2025 to 2034.

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Introduction

The automotive refinish market is an integral branch of the automotive industry. This industry deals in manufacturing and distribution of refinishing solutions for automotives. There are different types of resins used for refinishing comprising of polyurethane, alkyd, acrylic and some others. This market develops various types of coatings including clearcoat, basecoat, primer, activator & fillers and some others. It is manufactured using numerous technologies such as water-borne technology, solvent-borne technology and some others. The growing demand for passenger vehicles across the globe has boosted the industrial expansion. This market is expected to rise significantly with the growth of the paints and coatings industry in different parts of the world.

• According to the Eurostat, around 2844609 passenger cars were sold in Germany during 2023 followed by France and Italy.

Highlights of the Automotive Refinish Market

• North America held the dominant share of the automotive refinish market due to the rise in number of automotive detailing shops in this region.
• Asia Pacific is expected to grow with the highest CAGR due to the growing cases of car accidents across China and India.
• The paints segment dominated the market due to the rising consumer preference for refurbishing towards vehicle refurbishing along with numerous benefits of paints such as enhanced longevity and durability.
• The passenger cars segment led the market due to the increasing disposable income of the people in several parts of the globe.

Automotive Refinish: Stats & Trends

• According to the American Coatings Association, the U.S. exported around $2.9 billion of paints and coatings products in 2023.
• According to the Engineers India Research Institute, the automotive paint industry is expected to reach US$ 27,539.6 million by 2031 growing at a CAGR of 4.3%.
• The automotive workshops are adopting digital color matching solutions for ensuring consumer satisfaction regarding vehicle refurbishment. For instance, in June 2023, PPG launched PPG LINQ. PPG LINQ is an end-to-end digital solution that is designed for automotive body shops.
• Several automotive brands are investing heavily for improving their paint quality in luxury vehicles to strive in this competitive industry. For instance, in January 2025, Jaguar Land Rover announced to invest around 65 million GBP to enhance their paint facility to satisfy the consumers of luxury cars and reduce the impact of CO2 emission in the environment.

Industry Leader Announcement

In February 2025, Patrick Bourguignon, the Director of AkzoNobel’s Automotive and Specialty Coatings business announced that, “The development of this one-stop application basecoat is a step-change for the car refinishes industry, It addresses many key challenges, including the need for bodyshops to be even more sustainable and efficient, as well as mindful of an ongoing skills shortage. “The launch of this new generation product demonstrates how focused we are on understanding the needs of our customers and supplying the best solutions – both now and in the future – to support body shop productivity and performance.”

Competitive Landscape

The automotive refinish market is a highly fragmented industry with the presence of numerous dominant players. Some of the crucial players in this industry consists of Berger Paints India Limited, Covestro AG, Akzo Nobel N.V., Axalta Coating Systems, LLC, BASF SE, Donglai Coating Technology (Kunshan) Co., Ltd., Hebei Chenyang Industry & Trade Group Co., Ltd., Kansai Paint Co., Ltd., and some others. These companies are investing heavily for developing advanced refinish solutions for the automotive sector and adopting several strategies to sustain in this competitive industry.

• According to the annual report of Covestro, the solutions and specialties segment generated 50.5% revenue followed by performance materials (47.8%) and others (1.7%).

Market Segmentations

By Technology

• Paints
• Coatings
• Primers
• Thinners and Additives

By Application

• Passenger Cars
• Commercial Vehicles
• Motorcycles
• Others

By End User

• Body Shops
• DIY Users
• Original Equipment Manufacturers (OEM)

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa