The global automotive refinish coatings market is expected to reach $11.34 billion by 2026,according to a new report by Reports and Data.This can be mainly associated with increasing disposable income,changing lifestyle and buying behavior of people and the demand for luxury vehicles from this segment.”The Vehicle Refinish market size and growth is generally governed by the car pare,accident rates and repair rates,”said Ed Hilborne,AkzoNobePs global segment manager for Vehicle Refinishes.”The growth in the global car pare of circa 3.8 percent(per annum)is leading,but can be offset by other indicators such as driver aids known as Advanced Driver Assistance Systems(ADAS),road safety and legislation,leading to overall growth of crash repairs of around 2.5 percent.”Hilborne said market drivers are regionally fragmented,with differences observed between mature and developing markets.
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