Global automotive coatings market is expected to reach USD 27.69 billion by 2022, according to a new study by Grand View Research, Inc. Increasing demand for coatings owing to its ability to protects vehicles against UV radiation, acid rain and harsh weather is expected to drive market growth. In addition, growing automotive production growth in Mexico, China and U.S. coupled with rising middle class income is expected to fuel market growth over the forecast period. Surging coatings demand in the automotive refinish segment on account of increasing accidents and aging of vehicles is anticipated to augment market demand. Growing consumption of UV-cured coatings on account of their excellent properties including low-temperature processing, high chemical resistance and solvent free formulations is anticipated to spur automotive coatings demand. Asia Pacific is expected to witness high growth as a result of growing luxury cars production in the region on account of rising income level in C
http://www.grandviewresearch.com/industry-analysis/automotive-coatings-market
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