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Africa Automotive Refinish Coatings Market Share, Growth, Trends, Analysis, Forecast: By Resin Type: Polyurethane, Alkyd, Acrylic, Others; By Product Type: Primer, Basecoat, Activator, Filler, Topcoat, Others; By Technology: Solvent-Borne, Water-Borne, UV-Cured; By Vehicle Type; Regional Analysis; Competitive Landscape; 2024-2032
Africa Automotive Refinish Coatings Market Outlook
The Africa automotive refinish coatings market size attained a value of USD 153.09 million in 2023. The market is further expected to grow at a CAGR of 4.70% between 2024 and 2032, reaching a value of USD 231.06 million by 2032.
Key Trends in the Market
An automotive refinish coating refers to a type of automotive coating which is applied to already manufactured automotives to refinish and refurbish the vehicle. This type of coating can be used to repair vehicles, add protection, and boost the aesthetic appeal of the vehicle.
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- The growth trajectory attained by the automotive sector in the Africa region is the driving force of Africa automotive refinish coatings market growth. Growing expansion of automotive companies is leading to a stronger demand for automotive refinishing.
- Changing preference of consumers towards vehicles with high aesthetic appeal, greater resistance to weather and chemicals, is one of the crucial Africa automotive refinish coatings market trends. This is supported by improving standards of living across emerging economies like Nigeria, Egypt, and South Africa, among others.
Africa Automotive Refinish Coatings Market Analysis
Based on resin type, the Africa automotive refinish coatings market segmentation is polyurethane, alkyd, and acrylic, among others. On the basis of product type, the market is classified into primer, basecoat, activator, filler, and topcoat, among others. By technology, the market is divided into solvent-borne, water-borne, and UV-cured, among others. Based on vehicle type, the market is categorised into passenger cars, and commercial vehicles, among others. The major countries in the automotive refinish coatings market in Africa include Nigeria, South Africa, Egypt, and Kenya, among others.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Africa automotive refinish coatings market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Axalta Coating Systems South Africa (Pty) Ltd
- 3M Company
- Akzo Nobel N.V.
- James Briggs Ltd.
- The Sherwin Williams Company
- The Dow Chemical Company
- Kansai Paint Co.
- Covestro AG
- Vican Manufacturing
- LUBRIZOL SA (PTY) LTD
- Others
Africa Automotive Refinish Coatings Market Share by Resin Type
The acrylic segment, based on resin type, accounts for a healthy share of the Africa automotive refinish coatings market. Coatings made up of this type of resin offer excellent resistance to weather and hydrolysis, and retain gloss and colour which improves the overall look of an automobile. The versatility and performance of acrylic coatings are further propelling their growth in the market and the overall Africa automotive refinish coatings market demand.
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Competitive Landscape
Axalta Coating Systems South Africa (Pty) Ltd is a leading company which develops, manufactures, and sells diverse performance and transportation coatings across the globe. It was founded in 1866 and is headquartered in Midrand, South Africa.
3M Company is a multinational conglomerate company which manufactures and distributes industrial products and solutions. The company was established in 1902 and is headquartered in Minnesota, United States.
Akzo Nobel N.V. is a renowned paint and coating manufacturing company which develops high-quality paints and performance coatings. The company was founded in 1994 and is currently headquartered in Amsterdam in the Netherlands.
Other market players include James Briggs Ltd., The Sherwin Williams Company, The Dow Chemical Company, Kansai Paint Co., Covestro AG, Vican Manufacturing, and LUBRIZOL SA (PTY) LTD, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Resin Type |
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| Breakup by Product Type |
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| Breakup by Technology |
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| Breakup by Vehicle Type |
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| Breakup by Country |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Automotive Refinish Coatings Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive Refinish Coatings Historical Market (2018-2023)
8.3 Global Automotive Refinish Coatings Market Forecast (2024-2032)
8.4 Global Automotive Refinish Coatings Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Africa Automotive Refinish Coatings Market Overview
9.1 Key Industry Highlights
9.2 Africa Automotive Refinish Coatings Historical Market (2018-2023)
9.3 Africa Automotive Refinish Coatings Market Forecast (2024-2032)
10 Africa Automotive Refinish Coatings Market by Resin Type
10.1 Polyurethane
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Alkyd
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Acrylic
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Africa Automotive Refinish Coatings Market by Product Type
11.1 Primer
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Basecoat
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Activator
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Filler
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Topcoat
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Africa Automotive Refinish Coatings Market by Technology
12.1 Solvent-Borne
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Water-Borne
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 UV-Cured
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Africa Automotive Refinish Coatings Market by Vehicle Type
13.1 Passenger Cars
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Commercial Vehicles
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Others
14 Africa Automotive Refinish Coatings Market by Country
14.1 Nigeria
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 South Africa
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Egypt
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Kenya
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Axalta Coating Systems South Africa (Pty) Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 3M Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Akzo Nobel N.V.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 James Briggs Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 The Sherwin Williams Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 The Dow Chemical Company
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Kansai Paint Co.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Covestro AG
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Vican Manufacturing
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 LUBRIZOL SA (PTY) LTD
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Refinish Coatings Market: Key Industry Highlights, 2018 and 2032
2. Africa Automotive Refinish Coatings Market: Key Industry Highlights, 2018 and 2032
3. Africa Automotive Refinish Coatings Historical Market: Breakup by Resin Type (USD Million), 2018-2023
4. Africa Automotive Refinish Coatings Market Forecast: Breakup by Resin Type (USD Million), 2024-2032
5. Africa Automotive Refinish Coatings Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. Africa Automotive Refinish Coatings Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. Africa Automotive Refinish Coatings Historical Market: Breakup by Technology (USD Million), 2018-2023
8. Africa Automotive Refinish Coatings Market Forecast: Breakup by Technology (USD Million), 2024-2032
9. Africa Automotive Refinish Coatings Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
10. Africa Automotive Refinish Coatings Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
11. Africa Automotive Refinish Coatings Historical Market: Breakup by Country (USD Million), 2018-2023
12. Africa Automotive Refinish Coatings Market Forecast: Breakup by Country (USD Million), 2024-2032
13. Africa Automotive Refinish Coatings Market Structure
Key Questions Answered in the Report
The market reached a value of USD 153.09 million in 2023.
The market is estimated to grow at a CAGR of 4.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 231.06 million by 2032.
The growing automotive sector in the Africa region, improving standards of living across emerging economies, and increasing demand for vehicles are the major drivers of the market.
The key trends in the market include the growing innovations and research activities, increasing awareness of the advantages of refurbished vehicles, and rising preferences of consumers towards vehicles with aesthetic appeal.
Nigeria, South Africa, Egypt, and Kenya, among others, are the major countries in the automotive refinish coatings market in Africa.
Polyurethane, alkyd, and acrylic, among others, are the different resin types of automotive refinish coatings in the market.
Primer, basecoat, activator, filler, and topcoat, among others, are the major product types of automotive refinish coatings in the market.
Axalta Coating Systems South Africa (Pty) Ltd, 3M Company, Akzo Nobel N.V., James Briggs Ltd., The Sherwin Williams Company, The Dow Chemical Company, Kansai Paint Co., Covestro AG, Vican Manufacturing, and LUBRIZOL SA (PTY) LTD, among others, are the key market players, according to the report.
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