Refinish Paint Market Report 2026

The refinish paint market size has grown strongly in recent years. It will grow from $8.75 billion in 2025 to $9.2 billion in 2026 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to growth of vehicle ownership, expansion of collision repair industry, use of solvent borne coatings, demand for aesthetic vehicle restoration, automotive aftermarket growth.

The refinish paint market size is expected to see steady growth in the next few years. It will grow to $10.89 billion in 2030 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to increasing electric vehicle repairs, stricter VOC regulations, advancements in digital color systems, growth of insurance backed repairs, expansion of automotive refinishing services. Major trends in the forecast period include shift toward waterborne refinish paints, rising demand for color matching technologies, growing use of high durability clearcoats, expansion of automotive repair and restoration, increasing adoption of low VOC formulations.

The rising number of road accidents is expected to propel the growth of the refinish paint market going forward. Road accidents, also known as traffic collisions or motor vehicle accidents, involve one or more vehicles on a public roadway that cause harm to people, property, or both. The growing number of accidents is attributed to factors such as traffic congestion, distracted driving, and impaired driving. Refinish paint is used to restore a vehicle's exterior appearance to its pre-accident condition. This includes matching the original color and finish of the vehicle, which is essential for maintaining aesthetic consistency and preserving its value. For instance, in July 2025, according to the Automobile Club d'Italia (ACI), an Italy-based public-law corporation, road accidents and injuries increased across all road types between 2023 and 2024, with motorways experiencing a notable rise (+6.9% accidents, +7% injuries). Therefore, the rising number of accidents is driving the growth of the refinish paint market.

Major companies operating in the refinish paint market are focusing on developing advanced innovations, such as biomass-balance and sustainable basecoat/undercoat technologies, to gain a competitive advantage. Biomass-balance basecoats incorporate renewable raw materials instead of fossil feedstock and offer lower environmental impact while maintaining high performance in color stability, application efficiency, and VOC compliance. For instance, in April 2024, Badische Anilin- und Sodafabrik (BASF), a Germany-based coatings company, introduced a new generation of eco-efficient clearcoats and undercoats in its refinish portfolio. The system includes rapid UV-A and air-drying undercoats, compatibility with waterborne basecoats, and certified biomass-balance feedstock that reduces CO₂ emissions through renewable inputs. This shift helps body shops meet stricter environmental regulations, enhance workflow efficiency, and advance sustainability, though companies must ensure a consistent supply of renewable feedstock to maintain stable quality.

In November 2023, NP Auto Refinishes Co Ltd., a Singapore-based commercial vehicle (CV) coatings company, acquired D-Act Co. Ltd. for an undisclosed amount. This acquisition aimed to bolster NP Auto Refinishes' market share and leadership in the Thai automotive refinish and commercial vehicle coatings market. D-Act Co., Ltd. is a Japan-based manufacturer specializing in auto refinishing and industrial paints.

Major companies operating in the refinish paint market are BASF SE, Sherwin-Williams Company, PPG Industries Inc., AkzoNobel NV, Nippon Paint Holdings Co Ltd., Axalta Coating Systems Ltd., Kansai Paint Co Ltd, KCC Corporation, Allnex Group, KAPCI Coatings, Roberlo S.A., MIPA SE, HB BODY Automotive Refinish, Noroo Paint & Coatings, Sinto Paint Co., Ltd., Samurai Paint, Nipsea Group Automotive Refinish, Kansai Helios Group, Sadolin Automotive Refinish, Jotun Automotive Refinish, Teknos Automotive Coatings, Selemix Automotive Refinish, DeBeer Refinish, Cromax Automotive Refinish.

Asia-Pacific was the largest region in the refinish paint market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the refinish paint market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the refinish paint market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The refinish paint market consists of sales of acrylic ename, basecoat, fillers and putties, and activators and hardeners. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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