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Automotive Coatings Market Share, Share,Growth, Segmentation,
Outlook and Forecasts to 2024 | Hexa Research
“ The global automotive coatings market is anticipated to surpass USD 28
billion by 2024”
21 December 2018
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
The product sector of the automotive coatings market comprises electrocoat, primer, clearcoat, and
basecoat. The basecoat sector led the market and is projected to have significant growth during the
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