Automotive Paints and Coatings Market to Reach $27.5 Billion by 2025: Global Market Insights
The rapid proliferation of the global automotive industry has been driving the automotive paints and coatings market size.
Additionally, there is a rising trend of vehicle customizations to make it unique in appearance from others, which is also supporting industry growth. The application of paints and coats not only improves the vehicle aesthetics but also protects the exterior from corrosion causing elements.
The rising cases of accidents and crashes will propel repair and restoration services which will further provide significant traction for the market outlook.
According to a research report by Global Market Insights, Inc., automotive paints and coatings market size will cross $27.5 billion by 2025.
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Industry News