Report Projects Growth in Market for Automotive Coatings
OCEAN VIEW, DE - According to a report by research company Global Market Insights, the size of the global automotive coatings market was estimated at more than 3.7 million tons in 2014 and is likely to exceed 5.5 million tons by 2022, with a growth rate of above 4.8%.
Rising consumer preference for vehicle protection against factors such as UV radiation, foreign particles, acid rain and extreme temperature variation is likely to drive automotive coatings market size.