Automotive Coatings Market
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Global Automotive Coatings Market : Growth Factors
Factors such as considerable growth due to increasing various enhancements and protective features such as UV radiation protection , protection from extreme temperature acid rain , and others provided by the manufacturer as well the body shop post sales of the vehicle are the major factors driving the global automotive coatings market growth all over the world . High demand for ecological coatings such as waterborne coatings , powder coatings , and UV-cured coatings boosts the growth of automotive coatings market . In addition , economic growth , advanced development of infrastructure , increasing government spending , rising consumers opting for personal transportation , and convenience is the factors impacting the growth of the automotive coatings market in a positive way . Moreover , end-user rising preference towards pre-owned vehicles , private cab services , and increasing accidents are augmenting the market growth . On the other hand , instability in the cost of raw materials , which include pigments , resins , titanium oxides , and additives , are the factors hampering the automotive coatings market growth .
Global Automotive Coatings Market : Regional Analysis
Asia Pacific is anticipated to be the dominant player and it is expected to be the rapid growing market owing to its increasing vehicle production and simultaneous rapid economic growth . This trend is followed by Europe . North America is also anticipated to experience considerable growth as it has significantly increased the production of the vehicle .