New Research Report on Automotive OEM Coatings Market Growth with Top Key Vendors like BASF SE, Axalta Coating Systems,

Jul 13, 2020

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Automotive OEM Coatings Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2030-Growth in the production of vehicles and rapid development of transportation infrastructure are expected to drive the growth of the automotive OEM coatings market.<br>The automotive OEM coatings market was valued at around USD 7.93 billion in 2019, and is expected to reach USD 13.12 billion by 2030, with a CAGR of 4.6% during the forecast period.<br>Automotive coatings are used to cover the surface of automobiles and to represent the innovative technologies capable of maximizing overall efficiency, manufacturing durable surfaces, alongside meeting all the environmental norms. Automotive coatings also help in enhancing the overall appearance and durability of a vehicle and also safeguard it from extreme temperatures, foreign particles, and UV radiations. These coatings help protect the underlying synthetic body or metal panels from harsh environments. Initially, lead, chromium, and other heavy metals were used in making these coatings. But with the introduction of many environmental norms, use of lethal chemicals has been prohibited, which has resulted in a switch to water-based coatings. <br>Request Free Sample Copy at https://www.nextmsc.com/automotive-oem-coatings-market/request-sample<br>

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New Research Report on Automotive OEM Coatings Market Growth with Top Key Vendors like BASF SE, Axalta Coating Systems,

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