Refinish Paint Market for Automotive Size, Strategies And Forecasts 2026

According to the new market research report by IndustryARC titled “Automotive Refinish Coatings Market: By Technology (Solvent-Borne, Aqueous, Powdered, Others); By Layer (Surfacers, Sealers, Primers, Undercoats, Topcoats, Others); By Component; By Vehicle Type (Passenger Car, Commercial Vehicle, Motorcycle); By Geography (North America, Europe, APAC and Row) – Forecast Period (2018–2023),” the market will be driven by increasing sales of vehicles and easy availability of auto loans.

North America to Dominate the Automotive Refinish Coatings Market:North America is expected to dominate the Automotive Refinish Coatings market during the forecast period.

The increasing number of used vehicles will also fuel the demand for automotive refinish coatings in the region.

There is a high demand for water-borne coatings from original equipment manufacturers (OEMs) due to their benefits over solvent-borne based coatings, which contain high levels of volatile organic compounds (VOCs).

• Increased investments in R activities will augment the Automotive Refinish Coatings market during the forecast period.

Key Players of the Automotive Refinish Coatings Industry:The key players include PPG Industries, BASF SE, and Axalta Coating Systems.

Market Research Report on “Global Automotive Refinish Coatings Market 2018-2025” is provided by Adroit Market Research.

Get Custom Research on Requirement.The global automotive refinish coatings market size is estimated to be worth USD 9.24 billion by 2025.

In terms of volume, the market is projected to expand ~1.3x times from 2017 to 2025.The rise in the number of vehicle fleet across the globe has resulted in driving the growth of the automotive refinishing industry.

Modification of vehicles, a trend prevalent among the youth, has been one of the primary factors augmenting the growth of the global automotive refinish coatings market.Download a PDF Sample of this Global Automotive Refinish Coatings Market Report @ https://www.adroitmarketresearch.com/contacts/request-sample/74Rising number of accidents across the world is also driving the growth of the global automotive refinish coatings market.

Lack of infrastructure and rash driving are some of the factors augmenting the demand for refinishing coatings.

For instance, in July 2014, AkzoNobel introduced a new vehicle refinish clearcoat, which offers superior performance, perfect finish and sustainability.Access the complete Global Automotive Refinish Coatings Market report with TOC & List of Tables @ https://www.adroitmarketresearch.com/industry-reports/automotive-refinish-coatings-marketA deep dive analysis of the global automotive refinish coatings market shows that Asia Pacific accounted for the largest market share, both volume and value exceeding 40% in 2017.

The Global Paints And Coatings Market Size expected to reach $236.1 billion by the end of 2026, the market valued USD 146.5 billion in 2018.

Driven by the huge demand for the product across diverse industries, the Paints and Coatings Market will exhibit a CAGR of 6.2% during the forecast period, 2019-2026.Paints and coatings are widely used across diverse industries.

The demand for these products has risen dramatically in recent years.

Increasing use of the product in public infrastructure projects, coupled with the efforts put in by governments will contribute to the growth of the market.Fortune Business Insights™ published a new research report, titled "Paints and Coatings Market Size, Share, trends, & Industry Overview, By Resin (Epoxy, Acrylic, Polyester, Alkyd, PU, and Others), By Technology (Waterborne, Solvent Borne, Powder Coating, and Others) By Application (Architectural, Automotive OEM, Marine, Coil, General Industries, Protective Coatings, Automotive Refinish, Industrial Wood, and Others), and Regional Forecast, 2019-2026,"List of Top key mergers that are operating in the paints and coatings market are:PPG Industries, Inc.Axalta Coating SystemsNippon and Kansai (Kansai Paint Co., Ltd.)AkzoNobelKwality Paints and coatings Pvt.

Ltd. (KPCPL)Kansai Nerolac Paints LimitedNIPSEA GROUPThe Sherwin-Williams CompanyJotunNippon Paint Holdings Co., Ltd.RPM International Inc.TIKKURILA OYJS K Kaken Co., LtdDunn-Edwards CorporationTo gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/industry-reports/paints-and-coatings-market-101947Increasing Number of Company Mergers to Aid Paints and Coatings Market GrowthAmong all the factors that have contributed to the growth of the market, mergers and acquisitions have had the highest impact.

In October 2019, Berger Paints completed the acquisition of STP Ltd., a company engaged in the manufacturing of construction material.

The global automotive refinish coatings market is expected to reach USD 11.34 Billion by 2026, according to a new report by Reports and Data.

This can be mainly associated with the increasing disposable income, changing lifestyle and buying behavior of people, and the demand for luxury vehicles from the segment.Automotive refinishing coatings are used by the end-users, to address the growing need for up-to-date maintenance and servicing of vehicles to enhance the look and durability of the vehicles and by protecting them from damages due to harsh temperatures and UV radiation.

Developments and innovations in coatings, such as high-tech eco-friendly coating materials having low solvent content is another factor fueling the growth of the market.Automotive Refinish Coatings Market Size – USD 8.39 Billion in 2018, Market Growth - CAGR of 3.8%, Market Trends – Rise of environment friendly coating technologies.Stringent regulations regarding various VOC-containing products is one of the factors restraining the growth of the market.

The use of VOC-containing products, releases VOCs causing air pollution and smog, to improve the same, Governments of many countries have implemented a series of control measures.Request A Free Sample : https://www.reportsanddata.com/sample-enquiry-form/1248Further key findings from the report suggestThe market is segmented on the basis of resin type into epoxy, alkyd, polyurethane, others.The polyurethane segment dominated the market in 2018, and is forecasted to grow at a CAGR of 2.2% during the forecast period, since it is less expensive, environment-friendly and also versatile.The market is segmented on the basis of product into primer, basecoat, clear coat, activator, filler & putty.Clear coats, which provide protection to the paint on the vehicles from sun, dust or water, hold the largest share of the market in 2018.

It is expected to have a growth rate of 3.4% during the forecast period.Solvent-borne coatings hold the largest share in the market in 2018 with a CAGR of 2.9% during the forecast period, the reason is because of its cost effectiveness as compared to other technologies.The market is segmented on the basis of substrate into glass, metal, plastic, and others.The market is segmented on the basis of applications into commercial vehicles, passenger vehicles, and two wheelers.The passenger vehicles segment had the largest market share of ~43% of the market in 2018, in terms of revenue.

The demand is expected to substantially increase because of high disposable incomes, changing buying behavior and demand for luxury cars.The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America and MEA.Key participants include PPG Industries Inc., The Sherwin Williams Company, Axalta Coating systems Ltd., AzkoNobel N.V BASF SE, Convestro AG, Kansai Paints Co. Ltd., Esdee Paint Ltd., KCC Corporation, KAPCI Coating Co. Ltd., NOROO Paint & Coatings Co. Ltd, The Lubrizol Corporation, S.Coat Co., Ltd., Nippon Paint Holding Co. Ltd., and Berger Paints India Ltd., among others.The companies have adopted various strategies including mergers, acquisitions and partnerships to hold on going trails and come up with new developments in the market.To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/automotive-refinish-coatings-marketFor the purpose of this report, Reports and Data have segmented global automotive refinish coatings Market on the basis of resin type, product, technology, substrate, application, and region:Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)EpoxyAlkydPolyurethaneOthersProduct Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)PrimerBasecoatClearcoatActivatorFillerPuttyTechnology Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)Solvent-borne CoatingsWater-borne CoatingsUV-cured CoatingsSubstrate Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)GlassMetalPlasticOtherApplications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)Commercial vehiclesLight Commercial Vehicle (LCV)Heavy Commercial Vehicle (HCV)Passenger vehiclesCompactExecutiveLuxuryTwo-wheelerObjectives of the report:To study the current impact of COVID-19 on leading segments of the industry and to project changes in the sector due to the pandemic.To calculate the market size, in both value and volume, and CAGR for the base year and the forecast period.To study the technological advancements in the sector in recent years and the technological pipeline and project the impact of the pandemic on technological advancements and spending by companies.To conduct a regional analysis by considering market presence in the leading regions.To study key trends observed in the historical analysis and speculate future trends.To assess the region expected to grow at a significant pace in the coming years and key factors contributing to the overall revenue.To highlight the existing growth opportunities, challenges, risks, drivers, and constraints expected to affect the market in the coming years.To profile leading companies in the industry, along with their product portfolios and strategic alliances.Thank you for reading our report.

The International Organization of Motor Vehicle Manufacturers (OICA) states that 139,886 commercial vehicles and 551,400 cars were manufactured in Indonesia in 2020.

OICA further mentions that the country recorded sales of 388,925 passenger cars and 143,152 commercial vehicles in 2020.

Original equipment manufacturers (OEMs) and aftermarkets across Indonesia are using refinish coatings on passenger cars and commercial vehicles to increase vehicle age and enhance the aesthetics of such automobiles.

Apart from commercial vehicles and passenger cars, such coatings are also applied on two-wheelers for protective and decorative purposes.Thus, the escalating automobile sales in this Asian country, primarily on account of the mounting disposable income of people, will help the Indonesian automotive refinish coatings market progress at a CAGR of 4.9% during 2018–2023.

The market revenue stood at $240.2 million in 2017 and it is expected to reach $336.6 million by 2023.

Apart from observing the booming sales of new automobiles, the country is also witnessing a spike in the sales of second-hand vehicles from pre-owned car dealerships.

The global automotive paint robots market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth.

With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each automotive paint robots market player in a comprehensive way.

Further, the automotive paint robots market report emphasizes the adoption pattern of the automotive paint robots across various industries.The automotive paint robots market report highlights the following players:KUKA Roboter GmbHYaskawa Electric CorporationFANUC CORPORATIONOthersThe automotive paint robots market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.The global market for automotive paint robots is expected to witness growth with a moderate CAGR of ~5 per cent.

The growth can be attributed to the rising demand for automation from the automotive industry, and the resultant increase in research and development in the field, which accounts for greater amounts of investment.Manufacturers Focus on New Product LaunchesThe global market for automotive paint robots is largely consolidated with major names such as Yskawa Electric Corporation, Durr AG, KUKA Roboter GmbH, ABB Ltd., and Fanuc Corporation account for approximately 80 per cent of the overall market share.Major manufacturers are focusing their businesses towards new product development, mergers and acquisitions, and collaborations.

The rate of vehicle production across regions such as India, Japan, and the Middle East and Africa are expected to remain high, leading the adoption rate, surpassing Latin America and Europe, with a rise of CAGRs of approximately 4 per cent for these regions.

New products involve setups which can operate without linear displacement rails, reduced interference work envelops, greater reach and efficiency, with minimal service costs, which results in a shorter period to gain returns on investment.You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=2232Demand for Quality Standards Support DevelopmentAesthetic related challenges are common to the painting process in the automotive industry.

Million Insights Market Research Released A New Research Report On Global Waterborne Coatings Market - Forecast Up To 2025.

Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

Pune, India - Waterborne Coatings Market size is estimated to reach USD 146.11 billion by 2022 and is anticipated to grow substantially owing to infrastructure development in commercial and residential sector.

Owing to presence of stringent regulations in the U.S. and European region for these products, VOC content is one of the major issue for the manufacturers.To Get Sample Report visit @ https://www.millioninsights.com/industry-reports/waterborne-coatings-market/request-sampleThe major application of this market includes general industries, automotive OEM, architectural, protective coatings, automotive refinish, and industrial (which includes metal furniture, automotive components, and HVAC).

Architectural is the largest application segment and is expected to dominate the industry over the forecast period.

Application of coatings in this segment are lacquers and vanishes, for decoration and protection of door and window frames.Steel and aluminum industries are showing interest in coil coatings, further driving the market globally.

The Automotive Refinish Coatings market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period.

In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Refinish Coatings.This report presents the worldwide Automotive Refinish Coatings market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.Key Questions Addressed by the ReportWhat is the growth perspective of the Automotive Refinish CoatingsMarket and the key dynamics and trends governing the market?What are key sustainability strategies adopted by the leading players in the Automotive Refinish CoatingsMarket?What are the new and emerging technologies and use cases disrupting the Automotive Refinish Coatingsindustry?What are the key applications where Automotive Refinish Coatingsplays a significant role?Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-automotive-refinish-coatings-2025-504This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.The following manufacturers are covered in this report:BASFAkzoNobelPPG IndustriesAxalta Coating SystemsSherwin-WilliamsValspar CorporationNippon PaintBerger PaintsKansai PaintKAPCI CoatingsKCC CorporationCabot CorporationColor CommunicationNOROO Paints & CoatingsAlsa RefinishDiamond VogelDonglaiAutomotive Refinish Coatings Breakdown Data by TypeSolvent-borne CoatingsWater-borne CoatingsUV Cured Coatings)Automotive Refinish Coatings Breakdown Data by ApplicationPassenger VehicleLight Commercial VehicleHeavy Commerical VehicleAutomotive Refinish Coatings Production by RegionUnited StatesEuropeChinaJapanOther RegionsAutomotive Refinish Coatings Consumption by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceUKItalyRussiaRest of EuropeCentral & South AmericaBrazilRest of South AmericaMiddle East & AfricaGCC CountriesTurkeyEgyptSouth AfricaRest of Middle East & AfricaThe study objectives are:To analyze and research the global Automotive Refinish Coatings status and future forecast?involving, production, revenue, consumption, historical and forecast.To present the key Automotive Refinish Coatings manufacturers, production, revenue, market share, and recent development.To split the breakdown data by regions, type, manufacturers and applications.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends, drivers, influence factors in global and regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Automotive Refinish Coatings :History Year: 2014 - 2018Base Year: 2018Estimated Year: 2019Forecast Year: 2019 - 2025This report includes the estimation of market size for value (million USD) and volume (K Units).

Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Refinish Coatings market, to estimate the size of various other dependent submarkets in the overall market.

Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.For the data information by region, company, type and application, 2018 is considered as the base year.

Whenever data information was unavailable for the base year, the prior year has been considered.The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, restraints, current trends of the past and present times, supervisory scenario, and technological growth.

Recently published a report entitled Waterborne Coatings Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.

Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The study offers a decisive view of the global waterborne coatings market by segmenting it in terms of resin and application.

The report analyzes these subsets with respect to the regional segmentation.

This research study will prepare marketers for the evolving needs of their customers.Request a FREE Sample Copy of Waterborne Coatings Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/waterborne-coatings-market/download-sampleBy ResinAcrylicPolyurethaneEpoxyAlkydPolyesterPTFEPVDCPVDFOthersBy ApplicationArchitecturalGeneral IndustrialAutomotive OEMMetal PackagingProtective CoatingsAutomotive RefinishIndustrial WoodMarineCoilOthersThis research report also includes profiles of major companies operating in the global market.

Some of the prominent players operating in the global Waterborne Coatings market are AkzoNobel NV, Axalta Coating Systems LLC, BASF SE, Berger Paints India Ltd., Kansai Paint Co., Ltd., Nippon Paint Holdings Company Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, The Valspar Corporation, and Tikkurila Oyj.

This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.This section covers waterborne coatings market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

The latest report titled ‘Global Automotive Refinish Coatings Market’, published by Reports and Data, is furnished with an overall understanding of the global Automotive Refinish Coatings market to present a historical analysis of the market, its current scenario, and estimations for the forecast years.

The report lays stress on the factors that influence the growth of the Automotive Refinish Coatings industry.

Our team of analysts has implemented a set of avant-garde analytical tools, including Porter’s Five Forces analysis and SWOT analysis, to offer meaningful insights into the future growth prospects of the global Automotive Refinish Coatings industry.

The report efficiently evaluates significant market information via both primary and secondary research and derives industry-leading insights to help readers gain an accurate concept of the Automotive Refinish Coatings market.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1248COVID-19 Impact on the Global Automotive Refinish Coatings Market The latest research report draws attention to the hostile impact of the ongoing COVID-19 pandemic on the Automotive Refinish Coatings market and its vital segments and sub-segments.

Besides offering critical insights into the effects of the coronavirus outbreak on the global economic landscape, the report considers the COVID-19 pandemic as one of the contributing elements for the recent downturn of this business vertical.

The global Automotive Refinish Coatings market has been adversely impacted by the pandemic, which has brought about several disruptive changes to the market dynamics and demand trends.

Global Automotive Refinish Coatings Market OverviewThe Global Automotive Refinish Coatings Market report draws accurate insights by examining the latest and prospective industry trends, helping the readers recognize the products and services that are boosting revenue growth and profitability.

The study performs a detailed analysis of all the significant factors impacting the market on a global and regional scale, including drivers, constraints, threats, challenges, prospects, and industry-specific trends.

Additionally, the report cites worldwide certainties and endorsements, along with a downstream and upstream evaluation of leading participants.Market Size – USD 8.39 Billion in 2018, Market Growth - CAGR of 3.8%, Market Trends – Rise of environment friendly coating technologies.Check out the Sample Report here: https://www.reportsanddata.com/sample-enquiry-form/1248The Automotive Refinish Coatings market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years.

This intelligence study also encompasses the revenue share, market size, production capacity, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.Leading Players in the Automotive Refinish Coatings Market: PPG Industries Inc., The Sherwin Williams Company, Axalta Coating systems Ltd., AzkoNobel N.V BASF SE, Convestro AG, Kansai Paints Co. Ltd., Esdee Paint Ltd., KCC Corporation, KAPCI Coating Co. Ltd., NOROO Paint & Coatings Co. Ltd, The Lubrizol Corporation, S.Coat Co., Ltd., Nippon Paint Holding Co. Ltd., and Berger Paints India Ltd., among others.Competitive landscapeThe Automotive Refinish Coatings Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies in order to increase their market share.

The vendors are gradually expanding their focus on product personalization by way of customer interaction.Automotive Refinish Coatings Market segment by Regions/Countries: United States, Europe, China, Japan, Southeast Asia, India, Central & South America.Go For Interesting Discount Here: https://www.reportsanddata.com/discount-enquiry-form/1248For the purpose of this report, Reports and Data have segmented global automotive refinish coatings Market on the basis of resin type, product, technology, substrate, application, and region:Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)EpoxyAlkydPolyurethaneOthersProduct Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)PrimerBasecoatClearcoatActivatorFillerPuttyTechnology Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)Solvent-borne CoatingsWater-borne CoatingsUV-cured CoatingsSubstrate Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)GlassMetalPlasticOtherApplications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)Commercial vehiclesLight Commercial Vehicle (LCV)Heavy Commercial Vehicle (HCV)Passenger vehiclesCompactExecutiveLuxuryTwo-wheeler To buy this report on the Automotive Refinish Coatings market, click here: https://www.reportsanddata.com/checkout-form/1248Points Covered in The Report:The pivotal aspects considered in the Global Automotive Refinish Coatings Market report consist of the leading competitors functioning in the global sector.The report also encompasses company profiles prominently positioned in the global market.The production, sales, corporate strategies, and the technological capabilities of leading manufacturers are also contained within the report.The driving factors for the growth of the Global Automotive Refinish Coatings Market are explained exhaustively, along with an in-depth account of the end-users in the industry.The report also explains critical application areas of the global sector, curating an accurate description of the market to the readers/users.The report undertakes a SWOT analysis of the market.

In the final section, the report features the opinions and views of the industry experts and professionals.

COVID-19 Impact Analysis on Automotive Paint Meter Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.

The report encompasses data regarding market share and recent developments by key players.

This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automotive Paint Meter Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-paint-meter-market/download-sampleMarket DynamicsIn the automotive industry, delivering quality vehicles is crucial to guarantee driver safety, satisfaction, and long life.

Improving factory performance, optimizing product quality, and growing focus on reducing defect rates and ensuring compliance with industry standards influences automotive paint meter volume calls.

However, significant issues with accuracy and resolution hinder growth.

Therefore, companies are focused on launching high-precision meters to deliver the best results.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.

Adroit Market Research launched a study on, “Global Automotive Coatings Market Size 2017 by Product (E-coat, Basecoat, Primer, and Clearcoat), by Application (Metal and Plastic), by Technology (Waterborne, UV-Cured, Solventborne, and Powder Coating), by End-use (Light Vehicle OEM, Commercial OEM, and Automotive Refinish), by Region and Forecasts from 2018 to 2025”.The study covers the global automotive coatings market size for a period between 2015 and 2025.

The global automotive sector has been growing due to the large scale urbanization resulting out of the rising standard of living of the consumers.

This has been a major contributing factor for the global automotive coatings market development.Automotive coatings help in enhancing the durability of automobiles and protect them from hazardous elements.

Furthermore, the escalating demand for environment-friendly implementation is also expected to drive the global automotive coating market share.Read more details of Global Automotive Coatings market report at: https://adroitmarketresearch.com/industry-reports/automotive-coatings-marketGeographically, Asia Pacific was leading the global automotive coatings market on account of increasing vehicle manufacturing in the rapidly emerging economies.

Fast-paced growth of GDP and the highly aspirational consumers in this region have been the two main growth drivers for the booming automobile market.

For instance, in China, an emerging middle class is expected to drive the steady growth of the Chinese auto market, with the markets for replacement of vehicles and new purchases growing rapidly.