Automotive Paints and Coatings Market forecast to reach $26.8 billion by 2025
Posted on Jun 1 2020 11:00 AM "Shifting Consumer Preference for Buying Pre-owned and Refurbished Vehicles Driving the Growth of Automotive Paints and Coatings Market." Automotive Paints and Coatings Market size is forecast to reach $26.8 billion by 2025, after growing at a CAGR of 3.5% during 2020-2025. Rising vehicle production coupled with rising consumer preference towards dual color alternatives are driving the market share. Industry players are investing in technologies and finishes to give customers alternatives for customizing their vehicles. Additionally, scratch resistance along with improved gloss finishing and corrosion resistance are gaining significant traction in the market. By Paint Type - Segment Analysis The market is segmented into paint type which includes electrocoat, primer, basecoat, and clearcoat. Owning to its superior corrosion and scratch protection, primer coating is accounted with most significant share in automotive paints and coatings mar...