Automotive Refinish Coating Market Size

Automotive Refinish Coating Market size was over USD 11.6 billion in 2024 and is estimated to reach USD 22.8 billion by the end of 2037, expanding at a CAGR of 5.8% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of the market is projected to be valued at USD 12.3 billion.

The demand for customized vehicles is driving the growth of this industry. Custom paint jobs, sleek finishing, and unique graphic designs are heightening the surge for special formulations. This is further, increasing the demand for good-quality coating solutions. According to a 2022 American Coatings Association report, the global coating raw materials market was estimated to reach USD 63.5 billion by the end of the same year.

Participation in car shows to display statement pieces is also inspiring vehicle owners to opt for customization. Such competition is propelling the demand for specialized solutions in the automotive refinish coating market. Events are being held to gather the leading companies with an opportunity to showcase their portfolio. This is additionally, escalating the product’s reach to international consumers. In November 2024, AAPEX is scheduled to be held in Las Vegas. In this expo, the Autocare Association and U.S. Commercial Service will collaborate to offer new opportunities. The U.S. exhibitors, including refinish coating suppliers will be able to connect with international buyers for market expansion.