Automotive Refinish Coatings Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027
The Automotive Refinish Coatings Market size is estimated to reach US$12.8 billion by 2027 after growing at a CAGR of 4.6% during the forecast period 2022-2027. The automotive refinish coatings are paints or coatings comprising polyurethane, alkyd, acrylic, epoxy and other resin for refurbishing, repairing the automotive vehicle components and covering from damages. The increase in road accidents and collision cases creates a positive outlook for the market by surging the requirement for refinishing, repair and maintenance activities, thereby acting as a driving factor in the automotive refinish coatings market. In addition, the rise in consumer preferences towards vehicle modification and customization supports the growth in the market. The covid-19 outbreak resulted in significant disruption and growth hamper for the market due to logistics restrictions, closure of automotive repair and disruptions in the manufacturing trends impacting the market. However, significant recovery and es...