Automotive OEM Coatings Market - Forecast(2022 - 2027)
Automotive OEM Coatings Market Overview Automotive OEM Coatings market size is forecast to reach $10.08 billion by 2026, after growing at a CAGR of 5.9% during 2021-2026. The automotive industry is undergoing a significant transformation. Coatings have an important role to play in making new technologies possible. Beyond their traditional jobs of protecting automobile components from corrosion, abrasion, and ultraviolet (UV) degradation and providing a unique and striking appearance, automotive coatings are already providing additional functionality. There are different types of resins in use such as polyurethane, polyacrylic, acrylic, epoxy, alkyd, and others This includes soft-touch and sound-dampening interior surfaces and self-healing and easy-to-clean exterior surfaces. Acrylic enamels, which come in lacquers, enamel, and urethane variants are mostly used in exterior car coatings. Automotive OEM coatings possess advantages such as higher reliability, longer equipment life cycle, ...