Global Automotive Coatings Market is expected to reach USD 36.31 billion by 2025, according to a new report published by Grand View Research, Inc. Surging demand for both passenger and commercial automobiles in emerging countries including China, India, Mexico, Brazil, and South Africa on account of population growth and developing living standards is expected to augment market size over the forecast period. Moreover, increasing requirement of protection against harsh climate, dust, dirt, UV radiation, and acid rain is expected to aid in industry expansion.
Growing number of accident in countries including India and Brazil owing to adverse road conditions in mountainous areas is anticipated to fuel the demand for these products over the upcoming years. Moreover, increasing requirement of maintenance, repair, and refurbishing work of old vehicles is expected to stimulate growth.
Rising consumption of powder coatings in light of its superior properties, such as near zero volatile organic compound emissions and thicker layer compared to conventional coatings, is expected to increase market size. Furthermore, continuous investments by manufacturers along with increasing number of manufacturing facilities in Brazil and China will drive growth over the forecast period.
Access for full Detail of Report and Complete TOC: http://www.grandviewresearch.com/industry-analysis/automotive-coatings-market
Further key findings from the report suggest:
View Blog on Automotive Coatings Market by Grand View Research: http://www.grandviewresearch.com/blog/automotive-coatings-market-size-share
Grand View Research has segmented the global automotive coatings market on the basis of product, technology, application, end-use, and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit us@ www.grandviewresearch.com