Automotive Coating Market Growing at a CAGR of 7.02% from 2016 to 202 Sep 2016 | Page 2

Automotive Coating Market: Global Forecasts to 2021 “Consumer preference for different color, sales supportive policies ,and rising purchasing power in emerging economies to drive the automotive coating market” The global automotive coating market size is estimated to reach USD 16.24 billion by 2021, registering a CAGR of 7.02% between 2016 and 2021. Demand for different color & texture, enhancement of sales supportive policies, and increasing purchasing power parity (PPP) in emerging economies is driving the automotive coating market. “Basecoat is the fastest-growing segment in the automotive coating market” Basecoat is the third layer applied to a car’s body after e-coat and primer layer. Basecoat is the fastest-growing segment among all the coat type considered. The growth is high as new and innovative technologies are being developed by automotive coating manufacturers. For instance, in new integrated system, the primer layer is omitted and is replace with two layers of basecoat. One layer of basecoat absorbs UV radiation and other is advanced basecoat. © RnRMarketResearch.com ; [email protected]