Global Automotive Refinish Coatings Market Size & Outlook
The automotive refinish coatings industry worldwide is expected to reach a projected revenue of US$ 19,062.5 million by 2030. A compound annual growth rate of 6.7% is expected of the worldwide automotive refinish coatings industry from 2024 to 2030.
Revenue, 2023 (US$M)
$12,096.0
Forecast, 2030 (US$M)
$19,062.5
CAGR, 2024 - 2030
6.7%
Report Coverage
Worldwide
Global automotive refinish coatings market, 2018-2030 (US$M)
Global automotive refinish coatings market highlights
- The global automotive refinish coatings market generated a revenue of USD 12,096.0 million in 2023 and is expected to reach USD 19,062.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.7% by 2030.
- In terms of segment, acrylic accounted for a revenue of USD 12,096.0 million in 2023.
- Acrylic is the most lucrative resin segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 12,096.0 million |
| Market revenue in 2030 | USD 19,062.5 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic |
Other key industry trends
- In terms of revenue, the North America accounted for 22.0% of the global automotive refinish coatings market in 2023.
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Automotive Refinish Coatings Market Scope
Automotive refinish coatings market segmentation & scope
Technology
Solvent-borne
Water-borne
Others
Product
Primer
Basecoat
Topcoat
Fillers
Others
Vehicle Age
<5
5 to 10
>10
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Belgium
Russia
China
Japan
India
South Korea
Argentina
Brazil
Saudi Arabia
South Africa
Automotive Refinish Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive refinish coatings market size, by regions, 2018-2030 (US$M)
Related regional statistics
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