automotive oem coatings industry Growth Worldwide — Statistics & Facts | Industry Industry Size, Opportunity & Forecast till 2027

Market Insights The International automotive oem coatings industry Growth was valued at USD 7,759.5 million in 2018 and is predicted to exhibit a CAGR of 6.45% throughout the evaluation interval, 2020−2027. The rising shopper choice for automotive coatings and the rise in automotive sale throughout the globe, particularly passenger vehicles, are the components largely boosting the expansion of the worldwide automotive OEM coatings market. Moreover, the demand for automotive OEM coatings is dominated by solvent-borne coating expertise as of 2018, nonetheless, the rising regulatory strain on the usage of solvent-borne coatings throughout the globe owing to its excessive VOC content material could hamper the product market throughout the forecast interval. Aggressive Evaluation A number of the key gamers working within the world automotive interior trim manufacturers are PPG Industries Inc (US), Nippon Paints Holdings Co., Ltd (Japan), BASF SE (Germany)...