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The global Automotive Coatings Market is anticipated to surpass USD 28 billion by 2024.
Increasing consumption of UV-cured coatings due to their properties such as high chemical resistance, solvent-free formulations, and low-temperature processing is expected to boost the product demands.
The global market is categorized as technologies, products, applications, end-uses, and regions.The technology sector includes waterborne, solvent-borne, powder coatings, UV-cured.
The solvent-borne sector led the industry in the past few years.
However, it is likely to drop its share drastically since it releases high levels of Hazardous Air Pollutants (HAP) and Volatile Organic Compounds (VOCs).
Powder coatings are said to have the fastest growth due to their various properties like superior finish, high corrosion resistance, etc.



