Global Automotive Paints & Coatings Market to Post 4.95% CAGR to 2021, Expects Infiniti Research in Its Report Available at MarketPublishers.com15 Dec 2016 • by Natalie Aster
LONDON – The global automotive paints and coatings market is poised to gather steam in the long term, exhibiting a CAGR of 4.95% through to 2021. The market is being mainly driven by the soaring demand for specialty, innovative products; coatings made specifically for gas-efficient vehicles; and rapid expansion of automotive sector in the APAC region.
Meantime, the market is witnessing the rising demand for ultraviolet (UV)-curable nanocoatings, enhanced focus on R&D; and the provisioning of support services, amid other trends.
However, tough regulations, a hike in prices for raw materials, and new coating process technologies are amid the factors that could restrain the market growth.
In-demand research report “Global Automotive Paints and Coatings Market 2017-2021” created by Infiniti Research provides an all-round, true picture of the market, covering the actual present scenario and speculating on the prospective growth trajectory of the worldwide automotive paints and coatings sector.
The market research study gives granular estimations of the market size, examines the market’s past and present performance and also discusses its growth prospects during the forthcoming years. The research publication identifies the most important trends in the marketplace; casts light on the driving forces of, and challenges to the market growth. The report presents a comprehensive review of the key vendors active in the market and canvasses the overall competitive landscape. The report discusses the strengths and weaknesses of each of the market players. Future market outlook is also presented in the report.
More in-demand market studies by Infiniti Research can be found at our partner’s page.