Zion Market Research Global Automotive Paints Market, 2016 – 2022 | Page 4

Aquafeed Market
North America is expected to experience lucrative growth in the near future. The
upswing of automotive production in North America enhances growth opportunities for
automotive paints. U.S. and Mexico automotive paints market are expected to witness
the fastest growth over the next few years. However, increasing R&D investments
coupled with ongoing product development to improve the performance of automotive
paints is expected to augment market growth in this region.
Inquire more about this report before purchase @
https://www.zionmarketresearch.com/inquiry/automotive-paints-market
In 2016, Europe was one of the leading players in the global automotive paints market.
Germany was the largest revenue contributors in this region owing to the presence of
leading automotive manufacturers. Furthermore, automotive OEMs are establishing
production facilities in these regions to leverage on the lower costs. In addition,
automotive OEM vendors also concentrating on reducing the downtime taken for curing
while investing more in new products like UV-cure coatings for tackling volatile organic
compound (VOC) emissions in the Europe.
Favorable economic and political scenario in Latin America has encouraged automotive
paints manufacturers to invest in this region, which is anticipated to propel the market
growth in the forecast period. The Middle East & Africa is expected to spur market
growth owing to increasing manufacturing facilities with growing powder coating market
in the region.