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Automotive Refinish Coatings Market worth $13.85 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Aug. 13, 2025 /PRNewswire/ -- The report "Automotive Refinish Coatings Market by Layer (Clearcoat, Basecoat, Primer), Resin Type (Polyurethane, Epoxy, Acrylic, Alkyd), Vehicle Type (Passenger Cars, Commercial Vehicles), and Region - Global Forecast to 2030 ", automotive refinish coatings market size was valued at USD 11.12 billion in 2024 and is projected to reach USD 13.85 billion by 2030, at a CAGR of 3.68% between 2025 and 2030. Browse in-depth TOC on "Automotive Refinish Coatings Market" 200 - Tables53 - Figures210 - Pages The advancements in materials science and chemical engineering are transforming the world of automotive refinish coatings by offering higher-performance formulations that surpass conventional systems. Coatings today incorporate nanotechnology and cross-linking polymers, leading to improved scratch resistance, enhanced weather protection, and longer gloss retention. In addition, self-healing smart coatings that restore micro-abrasions or shift color subtly with varying lighting are surfacing as value-added functions, especially in the high-end automobile market. These developments not only provide visual advantages but also translate into reduced maintenance and longer reapplication intervals. Another major area of advancement is in equipment for application and process automation, which includes spray systems with precision nozzles, robotic arms in high-throughput plants, and digital equipment for monitoring layer thickness to promote higher uniformity and efficiency. Download PDF Brochure: The basecoat segment is projected to be the second-fastest-growing segment in the automotive refinish coatings market during the forecast period. The basecoat layers segment witnesses the second-highest growth in the automotive refinish coatings market during the forecast period. This is attributed to the rising demand for precise color reproduction for repair work. With OEMs launching complex shades, special finishes, and multi-layer color effects, precise color duplication has emerged as a major component of vehicle refinishing. Basecoats are the base color layer, which has a direct impact on the ultimate appearance and therefore needs to be carefully formulated and applied. Customers today demand a perfect blending of new and old panels, particularly in high-end or color-critical vehicles. Any detectable mismatch compromises the resale value of the vehicle as well as the quality perceived in the repair. Responding, refinish coating suppliers are broadening their basecoat product lines with improved pigment precision, smoother metallic dispersion, and wider tint libraries. Besides, sophisticated digital color-matching equipment is being merged with basecoat systems, assisting technicians in creating precise recipes in real-time. The acrylic segment accounted for the second-largest share in the automotive refinish coatings market in 2024. The acrylic segment accounted for the second-largest share in the automotive refinish coatings market in 2024. The acrylic resin segment is expected to grow as it is used more and more in waterborne and low-volatile organic compound (VOC) coating systems, which are in line with worldwide environmental regulations. With increased pressure on governments and environment agencies to reduce emissions from coatings and solvents, the automotive refinishing market is moving toward environmentally friendly chemistries. Acrylic resins are structurally compatible with waterborne formulations, as they can disperse in aqueous media with little compromise of film properties. They have lower hazardous air pollutant emissions and are more manageable in controlled repair shop environments and are ideally suited for urban service centers and certified green repair facilities. Besides being environmentally friendly, waterborne acrylic systems give high color transparency, easy blending, and short recoat times. Request Sample Pages: The commercial vehicles segment held the second-largest share in the automotive refinish coatings market in 2024. In 2024, the commercial vehicles segment accounted for the second-highest share of the automotive refinish coatings market. This is dominated by the fact that more fleet owners and logistics companies are focusing on a consistent and attractive outlook of their vehicles to resemble their brands. In the commercial fleet liquidity, visual uniformity to all units is of use not only as a selling point but also as a logo that indicates professionalism and consistency in operations. Such aesthetic maintenance becomes a priority and leads to frequent refinishing processes, especially in heavy delivery trucks, buses, and utility vehicles that are used daily and undergo constant use, environmental load, and surface damage. The companies see these coatings not just as repair materials, but as an investment in customer trust and market image. In addition, fading and scratches on top surfaces, as well as discoloration, may reduce the visual appearance of a vehicle or impair brand signs, and refinishing is the only way to prolong advertising performance. North America was the second-largest region in the global automotive refinish coatings market in terms of value in 2024. In 2024, North America was the second-largest market for the automotive refinish coatings market. The increasing average age of vehicles in use is a notable trend, particularly in the US. Car owners are keeping their vehicles for longer periods, leading to a significant rise in demand for regular cosmetic and structural repairs. As vehicles age, they become more susceptible to issues such as corrosion, surface fading, chipping, and environmental damage. Consequently, these older vehicles require frequent refinishing to maintain their appearance and value. Additionally, the rising prices of new vehicles have prompted consumers to invest in maintaining their current vehicles instead of purchasing new ones. This trend is especially prevalent in suburban and rural areas, where replacing vehicles is no longer a priority, allowing for greater vehicle longevity. Request Customization: Key PlayersThe Automotive Refinish Coatings market major players such as 3M Company (US), Tesa SE (Germany), Nitto Denko Corporation (Japan), LINTEC Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), Lohmann GmbH & Co. KG (Germany), Berry Global Group, Inc. (US), Scapa Group plc (Mativ Holdings) (US), and Saint-Gobain S.A. (France). Get access to the latest updates on Automotive Refinish Coatings Companies and Automotive Refinish Coatings Market Size Browse Adjacent Market: Coatings/Adhesives/Sealants & Elastomers Market Research Reports & Consulting Related Reports: Automotive Coatings Market - Global Forecast to 2028 Textile Coatings Market - Global Forecast to 2028 Thermal Spray Coatings Market - Global Forecast to 2028 Automotive Silicone Market - Global Forecast to 2028 Automotive Interior Materials Market - Global Forecast to 2030 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
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03-05-2025
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Olin Corp (OLN) Q1 2025 Earnings Call Highlights: Strategic Moves and Market Challenges
Chlor Alkali Products and Vinyls EBITDA: First quarter EBITDA increased slightly with higher chlorine and caustic volumes. Epoxy Sales: Sequential improvement in sales due to increased resin prices and volumes, though margins were offset by higher costs. Winchester Division: Domestic and international military ammunition volume growth; commercial sales weak due to retailer destocking. Debt Refinancing: Nearest debt tranche pushed out to 2029, enhancing financial resilience. Capital Spending Estimate: Reduced by approximately $25 million to a range of $200 million to $220 million for 2025. Cost Savings Expectations: Increased to $50 million to $70 million for the full year 2025. Adjusted EBITDA Outlook: Second quarter 2025 expected to be in the range of $170 million to $210 million. Warning! GuruFocus has detected 4 Warning Sign with OLN. Release Date: May 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Olin Corp (NYSE:OLN) exceeded expectations in its chlor alkali products and vinyls business due to industry outages, leading to increased demand. The company successfully refinanced its nearest debt tranche, extending maturities to 2029, enhancing financial resilience. Olin Corp (NYSE:OLN) reported stable ECU values with positive pricing trends expected to continue into the second quarter. The Winchester division secured a three-year contract extension for the Lake City GoCo ammunition facility, supporting growth. Olin Corp (NYSE:OLN) closed the acquisition of AMMO Inc.'s ammunition assets, expected to be immediately accretive and support growth. The commercial ammunition market remains weak, with retailers destocking and consumer sales declining. Epoxy division faces challenges with higher costs offsetting improved resin prices and volumes. Winchester division is impacted by rising metal costs due to tariffs, pressuring margins. The company anticipates a $40 million sequential chemicals turnaround expense headwind in the second quarter. Olin Corp (NYSE:OLN) continues to navigate a challenging economic environment with significant uncertainty. Q: Could you provide an update on the volume and price outlook for chlor and vinyls sequentially, particularly EDC pricing? A: Kenneth Lane, President and CEO, noted that while EDC pricing remains weak, it is not expected to decline further as current levels are unsustainable for Asian producers. Positive pricing trends are anticipated for caustic soda in Q2, supported by seasonal improvements in bleach demand. Q: Can you elaborate on the ramp-up of KEM ONE volumes and the cash positivity of PVC sales? A: Kenneth Lane confirmed that PVC sales through KEM ONE are cash positive, highlighting the strength of Olin's cost structure. The company plans to ramp up volumes through the year, viewing this as a positive growth opportunity. Q: What were Olin's operating rates in Q1, given the industry outages? A: Kenneth Lane explained that Olin took advantage of increased spot demand by deferring a turnaround, which elevated operating rates in Q1. However, rates are expected to decrease in Q2 as the turnaround proceeds. Q: Can you provide a breakdown of Winchester's EBITDA decline due to lost volumes versus higher costs? A: Todd Slater, CFO, stated that approximately two-thirds of the year-over-year decline in Winchester's EBITDA was due to lower volumes and prices, with the remaining one-third attributed to higher commodity and propellant costs. Q: How does Olin plan to manage the capacity overhang in epoxy, and could Winchester implement a surcharge to improve pricing? A: Kenneth Lane acknowledged the significant capacity overhang in epoxy, particularly in Asia, but emphasized the integration value of epoxy in Olin's portfolio. Regarding Winchester, he noted that current inventory levels and consumer caution make it difficult to implement price increases. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
