Global Automotive OEM Coatings Market
Automotive OEM Coatings Market Size And Forecast
According to Verified Market Research, Global Automotive OEM Coatings Market was valued at USD 6.98 Billion in 2018 and is projected to reach USD 10.04 Billion by 2026, growing at a CAGR of 4.6% from 2019 to 2026.
Global Automotive OEM Coatings Market Outlook
The Automotive OEM Coatings Market is experiencing significant growth owing to the growing need from consumers and thereby increasing vehicle production. In addition, the growing industrialization is propelling the demand for light commercial vehicles, increasing disposable incomes, rise in the public transportation expenditure and adaption of the automotive coating by end-users are some factors imposing a positive outlook on the market growth. Moreover, the need for an eco-friendly, and healthier coating system is benefiting the growth of the market. However, the volatility in the prices of raw material is hampering market growth.
Global Automotive OEM Coatings Market Competitive Landscape
The Global Automotive OEM Coatings Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Bayer AG, AkzoNobel, Kansai Paint, Nippon Paint, Axalta Coating Systems, BASF SE, PPG Industries, Sherwin-Williams Company, KCC Paint, and Arkema SA.
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