Automotive OEM Coatings Market size is expected to reach $9,379 million by 2022, registering a CAGR of 5.6% between 2016 and 2022
The global Automotive OEM Coatings market was valued at $6,426 million in 2015, and is projected to reach $9,379 million by 2022, growing at a CAGR of 5.6% from 2016 to 2022. The solvent-borne segment held nearly half of the total market in 2015. According to a new report published by Allied Market Research, titled, " Automotive OEM Coatings Market : Global Opportunity Analysis and Industry Forecast, 2014-2022," Automotive coatings enhance the overall durability and appearance of a vehicle and also safeguard it from UV radiation, extreme temperature, and foreign particles such as dust and soot. Increase in preference of consumers towards high-quality automotive coatings is a key factor driving the market. These are used to coat the surfaces of automobiles and exemplify the futuristic technologies, which are capable of manufacturing durable surfaces, maximizing overall efficiency while meeting environmental norms. Get inside scoop of the report, reque...