TradeArabia (Manama, Bahrain)

Automotive Refinish Coating Market to Increase by 5.7pc by 2022

The automotive refinish coating market is directly linked to the automotive market and has seen substantial growth in the last decade, and is projected to record a compound annual growth rate (CAGR) of 5.7 per cent from 2017 to 2022, according to a report.

This is primarily due to rapid growth in vehicle ownership in emerging economies with a resultant increase in the accident rate, said the "Global Market Study on Automotive Refinish Coating: Close Call Between Solvent-Borne and Water-Borne Coatings" by Persistence Market Research.

Greater governmental regulations with respect to high volatile organic compounds may further impact the growth of automotive refinish coating market. …

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