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  Global Refinish Paint for Automotive Market
Posted on : Wednesday, 23 October, 2019  06:32
Location : Heyuan, Guangdong
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Global Refinish Paint for Automotive Market was valued at USD 7.60 Billion in 2018 and is expected to reach USD 10.39 Billion by 2026 at a CAGR of 3.98%.

Refinish Paint Market for Automotive by Geography
Refinish paint have widespread applications in the automotive sector that can be attributed to high demand for customized cars further boosting the overall growth of the refinish paint market.

Clear coat and base coat are two most important layers in the automotive refinish coating process. Clear coat and base coat are considered together as a topcoat that has large applications in automotive refinish coating process. The passenger car segment lead refinishes paint market for automotive and is anticipated to maintain its growth during the forecast period. This growth is also backed by customization and increased inclination towards owning cars.

Asia Pacific region is expected to account the highest growth during the forecast period along with maintaining its largest market share for refinishing paint market. Emerging economies such as India, China, and different Southeast Asian countries are further attracting several global players to start their manufacturing base in Asia-Pacific boosting global demand for refinishing paints.

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