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Automotive Paints Market is Projected to Reach $12.34 billion by 2026

The global automotive paints market size was valued at $8.78 billion in 2018, and is projected to reach $12.34 billion by 2026, registering a CAGR of 4.2% from 2019 to 2026.

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Automotive Paints Market is Projected to Reach $12.34 billion by 2026

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  2. Automotive Paints Market Automotive paint is referred to as a water-based formula, which is sprayed on automobiles surface with the assistance of a spray gun. These paints are consists of polyurethane-based enamel, which protects the surface of automobile from environmental damages, thus enhancing the aesthetics of the motor vehicles. Purchase Enquiry

  3. Automotive Paints Market The global automotive paints market size was valued at $8.78 billion in 2018, and is projected to reach $12.34 billion by 2026, registering a CAGR of 4.2% from 2019 to 2026. Asia-Pacific accounted for the highest share in 2018, and is anticipated to maintain its dominance in the throughout the forecast period. Developing nations have witnessed rise in demand and production of automobile. For instance, in 2017, India became the fourth largest automobile industry in the world, with increase in sales of 9.5% year-on-year to 4.2 million units. This rise in automobile production in developing nations has led to increased production of automotive catalysts for emission control devices in automobile exhaust systems. Thus, upsurge in automobile production is anticipated to boost the growth of the global automotive paint market. Connect Analyst

  4. Automotive Paints Market Key Benefits for Automotive Paints Market: • This study presents the analytical depiction of the global automotive paints market analysis along with the current trends and future estimations. • The overall opportunity is determined by understanding the profitable trends to gain a stronger foothold. • The report presents information related to the key drivers, restraints, and opportunities of the global market with a detailed impact analysis. • The current market is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency. • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry. Request Customization

  5. Automotive Paints Market Major Companies:  BASF SE  PPG  Akzo Nobel N.V  Axalta Coating Systems  The Sherwin-Williams  Kansai Paint Co.  Nippon Paint Holdings Co.  DuPont  Clariant  Solvay COVID-19 impact

  6. Automotive Paints Market Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: www.alliedmarketresearch.com Allied Market Research Blog: https://blog.alliedmarketresearch.com Follow Us on | Facebook | Twitter | LinkedIn |

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