Automotive Coatings Market Size to Worth $37.4 Billion by 2032 | CAGR: 7.2%: AMR [Yahoo! Finance]
PPG Industries, Inc. (PPG)
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Source: Yahoo! Finance
Wilmington, Delaware , April 12, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “ Automotive Coatings Market By Resin Type (Epoxy, Acrylic, Polyurethane, and Others), Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Technology (Solvent-Borne, Water-Borne, Powder Coating, and UV Cured Coatings): Global Opportunity Analysis And Industry Forecast, 2023-2032". According to the report, the global automotive coatings industry generated $18.8 billion in 2022 and is estimated to reach $37.4 billion by 2032, witnessing a CAGR of 7.2% from 2023 to 2032. Prime determinants of growth Emerging economies, particularly in Asia-Pacific, have witnessed significant growth in vehicle ownership and production. These regions contribute significantly to the growth of the automotive coating market due to increased vehicle usage. The growth of quick lube centers and vehicle maintenance services has made it convenient for vehicle ow
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