Report Projects Automotive Coatings Market to Exceed $28 Billion by 2022
SHELBYVILLE, DE — According to a new study by Global Market Insights Inc., the market for automotive coatings will reach $28 billion by 2022.
Growth in the automotive industry in Asia-Pacific is a major factor in the rise in demand for automotive coatings. Recent infrastructural developments, including the building of more roads, coupled with the growing purchasing power parity (PPP) in the emerging economies of countries in East and Southeast Asia will have a positive impact on the market in the next few years.