Bulkchemicals Market Reports Automotive Coatings Market Growth and Forecasts

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Automotive Coatings Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research The global automotive coatings market is anticipated to surpass USD 28 billion by 2024. The rising demands for coatings on account of its ability to protect vehicles against acid rain, harsh weather, and UV radiation are projected to propel market growth. Increasing consumption of UV-cured coatings due to their properties such as high chem ical resistance, solvent-free formulations, and low-temperature processing is expected to boost the product demands. However, fluctuating raw material prices are likely to pose a challenge for market growth. The global market is categorized as technologies , products, applications, end-uses, and regions. The technology sector includes waterborne, solvent-borne, powder coatings, UV-cured. The solvent-borne sector led the industry in the past few years. However, it is likely to drop its share drastically since it releases high levels of Hazardous Air Pollutants (HAP) and Volatile Organic Compounds (VOCs). Powder coatings are said to have the fastest growth due to their various properties like superior finish, high corrosion resistance, etc. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/