Automotive OEM coatings market: recovered from the financial crisis in 2008

摘要

Persistence Market Research revealed that the global automotive paint market is expected to amount to $11.96 M by end-2022, registering 5.7% compound annual growth rate (CAGR) during the forecast period (2017-2022). The growth is being fuelled by the increasing automotive production, and the strong expansion of the automotive sector in India, South Korea, China, Brazil and Mexico. The research of PMR also revealed that the sales growth in the market would be caused by well-developed powder coating, fast adaptation of thermal spray technologies, and the shift towards environment friendly and non-toxic products.