Automotive Refinish Coatings Market Will Grow Globally at a Cagr of 6% During the Period of 2015 – 2021 - by Market Research Engine

Automotive Refinish Coatings Market will Grow Globally at a CAGR of 6% during

the period of 2015 – 2021 - by Market Research Engine

New York, July 04: Market Research Engine has published a new report titled as

“Automotive Refinish Coatings Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2016 - 2023”

The Automotive vehicles need to be repaired at a frequency as there are damages caused

due to external factors such as stones, damages due to accidents and other reasons. The

market witnessed a vast growth in the last 5 to 6 years due to the increase in the number of

the vehicle collisions and the inclination of the people to repair them.

Browse Full Report: http://www.marketresearchengine.com/reportdetails/automotiverefinish-coating-market

The key market players have adopted different strategies to boost the market. Acquisition

and expansion are one of the best strategies to boost the market. Asia Pacific is the largest

consumer of the automotive refinish market which accounts for more than 35% of the total

consumption.

The global automotive refinish coatings market is expected to grow at a CAGR of 6 % during

the forecast period (2015–2021) and would reach $11 billion by 2021.

The major driving factors Automotive Refinish Coating Markets are as follows:

•

Increasing number of accidents, adoption of newer technologies and rising disposable

income in the developing economies.

•

Growing demand of recreational vehicles in the developed regions of North America

and Europe.

The restraints factors of Automotive Refinish coating market are as follows:

•

Government regulations on the utilization of high volatile organic compounds (VOC)

level coatings is increasing which may affect the growth of solvent-borne market.

The Automotive Refinish Coating market is segmented based on Product type such as

Primer Basecoat, Clearcoat, Activator, Filler & Putty, Others. The Automotive Refinish

Coating market is segmented based...