LONDON – For the first time, IRL is offering an in-depth analysis of the top global markets for automotive coatings. The report focuses specifically on the OEM, plastic parts and refinishes segments for each country, providing market volumes, detailed prices, segmentations and market shares for Tier 1 countries (21 countries in total). IRL also provides top-line data (volumes, values and breakdowns by chemistry and technology) for Tier 2 countries (approximately 90 countries).
IRL estimates the global automotive OEM and plastic parts coatings market was 1.97 million metric tons in 2015, with sales believed to have declined slightly mainly as a result of the declines in auto OEM production in Asia and South America. The market is starting to pick up and should reach 2.28 million metric tons by 2020.