Every car owner is concerned about the appearance and health of their vehicle, however after time, the OEMs' original coating starts to fade, resulting in a drab appearance. Additionally, the topcoat may become harmed from collision and impact, necessitating repair. Automotive refinish coatings are paint and coatings that auto mechanics and body shops use to give the car a new look and provide protection from corrosion and rust. The frequency of repairs, accident rates, and the collective number of vehicles all influence the dynamics of the automotive refinish coatings market.
While recent years have witnessed a bit of a slowdown in the growth of the automotive sector, the value produced by body shops and repair facilities has increased significantly. Advanced Driver Assistance Systems (ADAS), laws governing traffic safety, and an increase in the price of locally produced vehicle parts all contribute to the growth, which illustrates the market for automotive refinish coatings' potential for expansion.