Bulkchemicals Market Reports Global Automotive Coatings Market

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Automotive Coatings Market Share, Size, Analysis, Growth, Trends
and Forecasts to 2024 | Hexa Research
“Increasing demand for eco-friendly coatings such as
UV cured coatings, water-borne coatings, and powder
coatings in developing economies like China and
Brazil is driving the automotive coatings market.”
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 chemical 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. Waterborne coatings are also likely to experience huge growth on account of their properties such as
heat resistance, adhesion etc.
Browse Details of Report@ https://www.hexaresearch.com/research-report/automotive-coatings-market
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