Global Automotive Refinish Coatings Market - Opportunities, Size & Growth Projections {2027}
The global automotive refinish coatings market was estimated at $ 7.9 billion in 2022, is projected to register a CAGR of 5.5% during the forecast period. Paints and coatings are used for numerous end-user industries including medical & healthcare, manufacturing, and particularly the automotive industry. The traditional paints and coatings industry use numerous chemicals, including toxic chromium. However, with the rising environmental concerns, industries are seeking more eco-friendly solutions since the majority of the chemicals are non-biodegradable and harmful to the environment. Refinish coatings are a perfect solution for this problem, as these coatings are more efficient as compared to the conventional coatings since they enhance the exterior appearance of the substrate, as well as offer increased durability to the vehicles against harsh conditions including heat, cold, corrosion, UV radiation, collision, etc. The growth of the global automotive...