Automotive Coatings Market Analysis and Forecasts, 2016 to 2024

Automotive coatings are a type of paint that are used on automobiles for protective and decorative purposes. The benefits associated with automotive coatings such as enhanced durability, protection from ultraviolet radiation, extreme temperature, acid rain, and foreign particles has resulted in its significant growth in the market. The growth of automobile market in China, Japan, India, Germany, Mexico, and Indonesia along with the growth of aging vehicles is driving the market. 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 in these regions.