PUBLISHER: BCC Research | PRODUCT CODE: 1102619
PUBLISHER: BCC Research | PRODUCT CODE: 1102619
The global automotive coatings market should reach $24.2 billion by 2027 from $20.6 billion in 2022 at a compound annual growth rate (CAGR) of 3.2% for the forecast period of 2022 to 2027.
The refinish segment of the global automotive coatings market is expected to grow from $10.2 billion in 2022 to $12.1 trillion in 2027 at a CAGR of 3.5% for the forecast period of 2022 to 2027.
The OEM segment of the global automotive coatings market is expected to grow from $10.5 billion in 2022 to $12.1 billion in 2027 at a CAGR of 2.9% for the forecast period of 2022 to 2027.
This report provides an updated review of the automotive coatings market, focusing on its types, technologies, layers and regional demand.
The report provides detailed analyses of key trends and opportunities impacting the market's growth. It also analyzes the challenges faced by automotive coating companies and producers of passenger and commercial vehicles.
The report has a separate section highlighting the impact of COVID-19 on the automotive coatings market at the global level.
The market sizes and estimations are provided in terms of volume (million liters) and value ($ millions), considering 2021 as base year, with a market forecast for the period from 2022 to 2027. Regional market sizes, with respect to OEM and refinish types by technology and by layer, are also provided. The impact of COVID-19 was considered while estimating market sizes.
Figure A : Research Methodology: Top-Down Approach