Report

Africa Automotive Refinish Coatings Market Re

128 pages Nov 2024
Africa Automotive Refinish Coa

Africa Automotive Refinish Coatings Market Report and Forecast 2032

Africa Automotive Refinish Coatings Market...

  • Automotive & Transport
  • Pages : 128
  • Nov 2024
  • Report Format :  

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Africa Automotive Refinish Coatings Market Insights & Analysis

The Africa Automotive Refinish Coatings Market is anticipated to register a CAGR of around 4.65% during the forecast period, i.e., 2025-32. Every car owner is concerned about the appearance & condition of their vehicle, however with time, the OEMs’ original paint covering fades & dulls the vehicle’s appearance. Additionally, damage & collision impact could damage the topcoat & necessitate a replacement. Paints & coatings known as automotive refinish coatings are applied by body shops & auto repair technicians to give vehicles a new lease on life in addition to protecting against corrosion & rust. The dynamics of the Coatings Market in Africa are determined by the frequency of automotive refinish repairs, vehicle parc, and accident rates.

Although there has been a minor slowdown in the expansion of the automobile sector recently, however, body shops & repair centers have witnessed significant value growth. The market for automotive refinish coatings has growth potential, owing to the drivers, such as rising domestic auto part prices Advanced Driver Assistance Systems (ADAS), and road safety laws. Car refinish coatings are paints or coatings made of polyurethane, alkyd, acrylic, epoxy, and other resins that are utilized to restore and protect automobile parts from damage.

Africa Automotive Refinish Coatings Market FY32

Description of Image
  • Study Period: 2020- 2032

  • Base Year: 2024

  • CAGR(2025-2032): 4.65%

  • Market Value YYYY: USD XX Billion/Million

  • Major Players: 3M Company, AkzoNobel N.V, Covestro AG, Dow Chemical Company, KAPCI Coatings, Kansai Paint Co, Nippon Paint Holdings Co, PPG Industries, and Others 

Moreover, the upsurge in road accidents & collision cases elevates demand for maintenance, refinishing, and repair services, which, in turn, drives the Africa Automotive Refinish Coatings Market. Personalization & product customization are popular worldwide, and the automobile industry has experienced a significant increase in demand for customized vehicles. Also, consumers use refinish to attempt to alter the vehicle’s appearance. Additionally, several clients want to alter the automobile’s finish following collisions to preserve its worth as a used car. Hence, the industry is foreseen to flourish in the succeeding years.

Besides, there is presently more focus on high-quality refinish coatings owing to the rising knowledge of the advantages of protective coatings in extending the lifespan of automobiles. Vehicle personalization & increasing consumer consciousness of car maintenance have made automotive refinish coatings a key trend in the African market, which would drive the growth of the Africa Automotive Refinish Coatings Market in the forecast years.

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