The global automotive coatings market will reach $16.24 billion by 2021

Research and Markets, a
research organization, recently released a market research report showing that the global automotive coatings market is expected to reach $16.24 billion by 2021, with a compound annual growth rate of 7.02%, driven by consumers' continued pursuit of different colors and textures, policy support in the marketing market, and increased purchasing power parity in emerging economies.primer is the body after electrophoresis and bottom coating of the third coating, of all coating systems, the most active research and development of primer, its technical level of development is also the fastest. For example, in a new all-in-one coating system, traditional primers can be used instead of two primers: one that absorbs UV radiation and the other that absorbs high-performance primers. This technology is expected to further promote the development of primer paints in the field of automotive coatings., the Asia-Pacific region is the fastest growing region in terms of output and output of automotive coatings in the world, spurred by a number of factors. These factors include high economic growth rates in the Asia-Pacific region, increasing purchasing power, booming infrastructure, growing downstream consumer demand, and the shift of global production capacity from developed regions to emerging markets.major manufacturers of automotive coatings worldwide include Akzonobel N.V., Axalta Coating Systems, BASF SE, Jotun A/S, KCC Corporation, Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., Therwin-Williams Company, and The Valspar Corporation.
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