The Africa automotive refinish coatings market size is predicted to increase from USD 108.9 million in 2023 to USD 165.4 million by 2033. Overall automotive refinish coating sales across Africa are forecast to surge at 4.3% throughout the projected period (2023 to 2033).
Egypt and South Africa are expected to remain key countries in the business owing to the increasing consumption of coatings for automotive refinishing. Rapid expansion of automotive sector across African countries is a key factor driving Africa’s automotive refinish coatings industry.
Automotive refinish coatings are coatings consisting of polyurethane, alkyd, acrylic, epoxy, and other resins that are used to refurbish, repair, and cover damaged automotive vehicle parts.
Increasing road accidents or car crashes across African countries such as South Africa and Egypt are expected to propel the automotive refinish coatings market during the assessment period.
In recent years, there has been a sharp rise in road accidents across African countries due to increasing vehicles and careless driving habits. For instance, as per the South African Government News Agency’s report, South Africa recorded a 142% spike in road crashes during the year 2021.
The rise in collision and traffic accident cases creates the need for refinishing, repair, and maintenance work, which in turn boosts demand for automotive refinish coatings.
The automotive refinish coatings industry across Africa is also expanding due to consumers' growing demands for car personalization and modification.
Strong presence of international automobile manufacturers and brands in African countries and the demand for glossy coatings on automobiles are expected to fuel the market in Africa during the next ten years.
Similarly, growing trends of sustainability and increasing preference for eco-friendly coatings such as water-borne coatings will create lucrative growth opportunities for automotive refinish coating manufacturers.
Various aftermarket support programs by key players along with an increase in the demand and sales of commercial vehicles in Africa are expected to further propel the expansion of Africa automotive refinish coatings industry.
| Attribute | Key Insights |
|---|---|
| Africa Automotive Refinish Coatings Market Base Value (2022A) | USD 104.7 million |
| Estimated Market Value (2023E) | USD 108.9 million |
| Projections Market Value (2033F) | USD 165.4 million |
| Value-based CAGR (2023 to 2033) | 4.3% |
| Collective Value Share: Top 3 Countries (2023E) | 76.1% |
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According to Future Market Insights, the automotive refinish coatings market in Africa witnessed 2.3% year-over-year growth in the past years. Total market size in Africa reached around USD 104.7 million at the end of 2022.
Based on the current estimations, the overall market for automotive refinish coatings across Africa is set to expand at 4.3% CAGR during the forecast period from 2033 and 2033.
Rising production and sales of automotive due to supportive government incentives and developing road infrastructure is a prominent factor driving automotive refinish coatings demand across Africa
Ongoing research and development for introducing high-performance refinish coatings will help the market to thrive steadily during the forecast period.
Similarly, sales of automotive refinish coatings are rising due to improved infrastructure logistics, deployment of eco-friendly technology, and increasing requirements for repair and maintenance.
Booming Automotive Sector and Growing Demand for Eco-friendly Coatings to Boost Africa Market
Rising production and sales of vehicles across countries such as South Africa, Morocco, and Egypt is emerging as a key trend boosting Africa automotive refinish coatings industry.
With rising disposable income, improving living standards, and devlopment of road infrastructure, people across African countries are purchasing personal vehicles for traveling purposes. This in turn is positively influencing the automotive refinish paints and coatings sector.
Subsequently, growing demand for eco-friendly coatings, such as water-borne coatings, UV-cured coatings, and powder coatings, is facilitating the expansion of automotive refinish coatings market in Africa.
Booming Automotive Sector and Growing Demand for Eco-friendly Coatings to Boost Africa Market
Rising production and sales of vehicles across countries such as South Africa, Morocco, and Egypt is emerging as a key trend boosting Africa automotive refinish coatings industry.
With rising disposable income, improving living standards, and devlopment of road infrastructure, people across African countries are purchasing personal vehicles for traveling purposes. This in turn is positively influencing the automotive refinish paints and coatings sector.
Subsequently, growing demand for eco-friendly coatings, such as water-borne coatings, UV-cured coatings, and powder coatings, is facilitating the expansion of automotive refinish coatings market in Africa.
Principal Consultant
Surge in Raw Material Prices and Implementation of Strict Regulations Affecting Automotive Refinish Coatings Industry in Africa
Inflation in prices of raw materials, such as resins and polyurethanes is expected to hamper the expansion of the overall automotive refinish paints and coatings industry in Africa. As most of the countries in the region import raw materials, rise in the costs will eventually limit market development.
Alongside this, governments and authorities are focusing on the harmful effects caused by hazardous chemicals on the environment and human life. Thus, they are making new rules and norms restricting the usage, manufacturing, and transportation of chemicals that are potentially harmful to the environment.
Hence, implementation of stringent regulations to curb the usage of harmful chemicals in African countries will limit market expansion.
Rising Sales of Luxury Cars and Strong Presence of Automotive Giants Boosting Market in Egypt
Egypt is expected to remain one of the prominent markets for the consumption of automotive refinish coatings across Africa. One of the main industries in Egypt that support industrial growth is the automotive sector. Egypt’s automotive industry has giants like BMW, GM, Toyota, Hyundai, and Nissan.
Rising demand for luxury and performance-oriented cars in Egypt is expected to fuel the market expansion for automotive refinish coatings.
Similarly, increasing requirements for repair and maintenance will boost automotive refinish coating sales across Egypt during the next ten years.
Rise in Car Accidents to Elevate Automotive Refinish Coatings Demand across Africa
According to Future Market Insights, South Africa is expected to lead Africa’s automotive refinish coatings industry due to the growth of the various end use sectors. The country also remains one of the prominent consumers of coatings for the automotive industry.
As per South Africa’s automotive business council, NAAMSA, vehicle manufacturers, spearheaded by multinational original equipment manufacturers, invested USD 5,13.4 million in the sector in 2021.
Automotive giants are establishing new production plants in emerging markets, such as South Africa, to capitalize on the rising demand for vehicles and benefit from lower capital and labor costs. This will fuel automotive refinish coating sales across South Africa.
Subsequently, rising incidence of road accidents across South Africa is generating significant demand for automotive refinish coatings, and the trend is expected to continue during the projection period.
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Growing Focus on Using Sustainable and Eco-friendly Coatings Making Water Borne Category Popular
According to Future Market Insights, the water-based formulation is the most preferred one and is expected to account for 36.6% of the African market share. This is attributed to rising adoption of waterborne automotive refinish coatings across the thriving automotive industry due to their eco-friendly nature.
Water-borne coatings are being increasingly used in refinishing and refurbishing applications in the automotive industry owing to their superior properties over solvent-borne coatings. According to projections, from 2023 to 2033, the water-based formulations for automotive refinishing will expand at a significant rate in both value and volume.
The water-based coating market for the automotive industry is a relatively new and emerging market. These coatings are gaining immense traction across the world owing to the increasing demand for eco-friendly and sustainable coatings.
Water-borne automotive refinish coatings are becoming popular in Africa due to their low volatile organic compounds emissions, high durability, and excellent corrosion resistance. The use of water-based coatings helps to reduce costs, improve efficiency, and increase productivity in the automotive industry.
Several automotive refinish coating companies are shifting their focus to developing water-borne coating solutions with low volatile organic compounds and advanced refinish.
Acrylic Remains the Most Preferred Material Type by Manufacturers
The acrylic material type is projected to account for about 57.7% of the total automotive refinish coatings market share in Africa in 2023. This is attributed to rising inclination of companies to use acrylic material for making automotive refinish coatings due to its excellent properties.
Acrylic coatings are commonly used in the automotive industry as a clear protective layer on top of the paint to provide a glossy finish and help protect the paint from damage. Acrylic coatings are used on cars and other vehicles to improve their appearance and longevity. They can be applied by hand or using a spray gun and are typically cured using a heat source such as a paint booth oven.
Acrylic coatings can provide good chemical and UV resistance, and are often used in combination with other coatings such as epoxy or polyurethane to enhance their performance. Thanks to these properties, demand for acrylic automotive refinish coatings is expected to rise at a significant pace across African countries during the projection period.
Automotive refinish coating manufacturers are focused on investments in the expansion and modernization of operations as well as developing high-performing and environment-friendly coatings. Automation and scientific advancements have triggered manufacturers to create innovative refinish coatings. For instance:
In 2022, a new agreement was signed by BMW and BASF SE uncer which BMW will will use the company's certified paints and coatings for automotives.
In April 2018, Nason Finishes, a new refinish brand was launched by Axalta Coating Systems in South Africa.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 108.9 million |
| Projected Market Size (2033) | USD 165.4 million |
| Anticipated Growth Rate (2023 to 2033) | 4.3% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Countries Covered | Egypt, South Africa, Algeria, Morocco, Kenya, Ethiopia, Ghana, Nigeria, Tunisia, the Democratic Republic of Congo, Uganda, Liberia, and the Rest of Africa |
| Key Segments Covered | Material Type, Product Type, Technology, Vehicle Type, End Use, and Countries |
| Key Companies Profiled | 3M Company; AkzoNobel N.V.; PPG Industries, Inc.; The Sherwin-Williams Company; The Dow Chemical Company; Nippon Paint Holdings Co., Ltd.; Kansai Paint Co., Ltd.; Covestro AG; KAPCI Coatings; NOVOL Sp. Z o.o.; Sheboygan Paint Company; Cresta Paint Industries Ltd.; NOROO Paint and Coatings Co., Ltd.; The Lubrizol Corporation; Guangzhou Zhenroumei Chemical Coating Limited; HMG Paints Ltd.; James Briggs Limited; Reichhold LLC; TOA Performance Coating Corporation CO., Ltd.; Yashm Paint and Resin Industries; Allnex Group; Axalta Coating Systems |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Driver Restraint Opportunities, Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is slated to attain USD 108.9 million in 2023.
The market is expected to expand at a CAGR of 4.3% through 2033.
Expanding automotive industry and increasing popularity of water-based coatings.
Execution of strict regulations and surging raw material prices are restraining the market growth.
Egypt is expected to be a prominent market in the market.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Market - Pricing Analysis 7. Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type 9.1. Primer 9.2. Base Coat 9.3. Top Coat 9.4. Clear Coat 9.5. Fillers 10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Technology 10.1. Solvent Borne 10.2. Water Borne 10.3. UV Cure 11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Material Type 11.1. Polyurethanes 11.2. Acrylics 11.3. Alkyd 11.4. Nitrocellulose 12. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Vehicle Type 12.1. Passenger Cars 12.1.1. Compact 12.1.2. Midsize 12.1.3. Executive 12.1.4. Luxury 12.2. Commercial 12.2.1. Light Commercial Vehicles (LCV) 12.2.2. Heavy Commercial Vehicles (HCV) 13. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End Use 13.1. OEM 13.2. Aftermarket 14. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 14.1. Nigeria 14.2. Egypt 14.3. South Africa 14.4. Algeria 14.5. Morocco 14.6. Kenya 14.7. Rest of Africa 15. Egypt Automotive Refinish Coatings Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. South Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Algeria Automotive Refinish Coatings Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Morocco Automotive Refinish Coatings Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Kenya Automotive Refinish Coatings Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. Ethiopia Automotive Refinish Coatings Market Analysis 2018 to 2022 and Forecast 2023 to 2033 21. Ghana Automotive Refinish Coatings Market Analysis 2018 to 2022 and Forecast 2023 to 2033 22. Nigeria Automotive Refinish Coatings Market Analysis 2018 to 2022 and Forecast 2023 to 2033 23. Tunisia Automotive Refinish Coatings Market Analysis 2018 to 2022 and Forecast 2023 to 2033 24. Democratic Republic of Congo Automotive Refinish Coatings Market Analysis 2018 to 2022 and Forecast 2023 to 2033 25. Uganda Automotive Refinish Coatings Market Analysis 2018 to 2022 and Forecast 2023 to 2033 26. Liberia Automotive Refinish Coatings Market Analysis 2018 to 2022 and Forecast 2023 to 2033 27. Rest of Market Analysis 2018 to 2022 and Forecast 2023 to 2033 28. Market Structure Analysis 29. Competition Analysis 29.1. Axalta Coating Systems 29.2. 3M Company 29.3. AkzoNobel N.V. 29.4. PPG Industries, Inc. 29.5. The Sherwin-Williams Company 29.6. The Dow Chemical Company 29.7. Nippon Paint Holdings Co., Ltd. 29.8. Kansai Paint Co., Ltd. 29.9. Covestro AG 29.10. KAPCI Coatings 29.11. NOVOL Sp. Z o.o. 29.12. Sheboygan Paint Company 29.13. Cresta Paint Industries Ltd. 29.14. NOROO Paint and Coatings Co., Ltd. 29.15. The Lubrizol Corporation 29.16. Guangzhou Zhenroumei Chemical Coating Limited 29.17. HMG Paints Ltd. 29.18. James Briggs Limited 29.19. Reichhold LLC 29.20. TOA Performance Coating Corporation CO., Ltd. 29.21. Yashm Paint and Resin Industries 29.22. Allnex Group 30. Assumptions and Acronyms Used 31. Research Methodology
Chemicals & Materials
October 2023
REP-GB-6134
309 pages
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Africa Automotive Refinish Coatings Market
