Automotive Refinish Coatings Market - Forecast(2021 - 2026)
The total market for Automotive Refinish coatings in was $7.91 billion in 2017 and is estimated grow with CAGR of 4.4% to reach $10 billion during the forecast period 2018 to 2023. The soaring need for timely maintenance and repairing of automotive vehicles to enhance the appearance and durability of vehicle by protecting them from external factors such as temperature and UV radiation is an innate requirement. In order to serve this purpose, automotive refinishing coatings are invented and are frequently used in automotive aftermarkets by end-users. Increasing demand for aesthetic refinish of vehicles across the world, has led to significant innovations in the way automotive refinish coatings work. There are many developments in this context, one among which is the invention of high-tech coating materials that are eco-friendly and at the same time have low solvent content. What is Automotive Refinish Coatings? The soaring need for timely maintenance and repairing of automotive vehicle...