| Product Code: ETC4509384 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 26 |
The refinish paint market in South Korea is centered around products used for the repainting and restoration of vehicles. This market is driven by the automotive industry`s need for high-quality paint products that ensure durability and aesthetic appeal.
The South Korea Refinish Paint Market is driven by the automotive industry and the growing demand for vehicle customization. Refinish paints are used to repair and repaint vehicles, restoring them to their original condition after damage or wear. As the number of vehicles on South Korea`s roads continues to increase, driven by factors such as urbanization and rising disposable incomes, the demand for refinish paints is expected to grow.
The refinish paint market in South Korea encounters challenges related to environmental regulations and sustainability concerns. As the automotive industry transitions towards eco-friendly coatings and materials, there is a growing demand for refinish paints that are low in volatile organic compounds (VOCs) and comply with stringent emissions standards. Manufacturers face challenges in reformulating products to meet these regulatory requirements while maintaining performance and color-matching capabilities. Additionally, price competition and shifting consumer preferences present challenges for market players to differentiate their offerings and capture value in the increasingly competitive landscape.
The South Korean government regulates the refinish paint market to ensure compliance with environmental standards and public health regulations. Policies may focus on promoting the use of eco-friendly and low-VOC (volatile organic compound) paint formulations to reduce air and water pollution. Additionally, regulations may address product labeling, disposal, and recycling to minimize environmental impact.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Refinish Paint Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Refinish Paint Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea Refinish Paint Market - Industry Life Cycle |
3.4 South Korea Refinish Paint Market - Porter's Five Forces |
3.5 South Korea Refinish Paint Market Revenues & Volume Share, By Layer, 2021 & 2031F |
3.6 South Korea Refinish Paint Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.7 South Korea Refinish Paint Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 South Korea Refinish Paint Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 South Korea Refinish Paint Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automotive refinishing paints due to growing vehicle ownership and need for vehicle maintenance. |
4.2.2 Technological advancements leading to the development of high-performance refinish paints. |
4.2.3 Government regulations promoting the use of environmentally friendly and low-VOC (volatile organic compounds) refinish paints. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production for refinish paints. |
4.3.2 Intense competition among refinish paint manufacturers leading to price wars and margin pressures. |
4.3.3 Economic factors affecting consumer spending on vehicle maintenance and repair, thereby influencing the demand for refinish paints. |
5 South Korea Refinish Paint Market Trends |
6 South Korea Refinish Paint Market, By Types |
6.1 South Korea Refinish Paint Market, By Layer |
6.1.1 Overview and Analysis |
6.1.2 South Korea Refinish Paint Market Revenues & Volume, By Layer, 2021-2031F |
6.1.3 South Korea Refinish Paint Market Revenues & Volume, By Clearcoat, 2021-2031F |
6.1.4 South Korea Refinish Paint Market Revenues & Volume, By Basecoat, 2021-2031F |
6.1.5 South Korea Refinish Paint Market Revenues & Volume, By Primer, 2021-2031F |
6.1.6 South Korea Refinish Paint Market Revenues & Volume, By Sealer, 2021-2031F |
6.2 South Korea Refinish Paint Market, By Resin |
6.2.1 Overview and Analysis |
6.2.2 South Korea Refinish Paint Market Revenues & Volume, By PU, 2021-2031F |
6.2.3 South Korea Refinish Paint Market Revenues & Volume, By Epoxy, 2021-2031F |
6.2.4 South Korea Refinish Paint Market Revenues & Volume, By Acrylic, 2021-2031F |
6.3 South Korea Refinish Paint Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 South Korea Refinish Paint Market Revenues & Volume, By Waterborne, 2021-2031F |
6.3.3 South Korea Refinish Paint Market Revenues & Volume, By Solventborne & Powder, 2021-2031F |
6.4 South Korea Refinish Paint Market, By Vehicle |
6.4.1 Overview and Analysis |
6.4.2 South Korea Refinish Paint Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.4.3 South Korea Refinish Paint Market Revenues & Volume, By LCV, 2021-2031F |
6.4.4 South Korea Refinish Paint Market Revenues & Volume, By Truck, 2021-2031F |
6.4.5 South Korea Refinish Paint Market Revenues & Volume, By Bus, 2021-2031F |
7 South Korea Refinish Paint Market Import-Export Trade Statistics |
7.1 South Korea Refinish Paint Market Export to Major Countries |
7.2 South Korea Refinish Paint Market Imports from Major Countries |
8 South Korea Refinish Paint Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly refinish paint products in the market. |
8.2 Number of new product launches or innovations in the refinish paint segment. |
8.3 Customer satisfaction levels and retention rates for refinish paint products. |
8.4 Level of investment in RD activities for developing new refinish paint technologies. |
8.5 Rate of growth in the number of authorized refinish paint distributors and applicators in South Korea. |
9 South Korea Refinish Paint Market - Opportunity Assessment |
9.1 South Korea Refinish Paint Market Opportunity Assessment, By Layer, 2021 & 2031F |
9.2 South Korea Refinish Paint Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.3 South Korea Refinish Paint Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 South Korea Refinish Paint Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 South Korea Refinish Paint Market - Competitive Landscape |
10.1 South Korea Refinish Paint Market Revenue Share, By Companies, 2024 |
10.2 South Korea Refinish Paint Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |