Automotive Refinish Coatings Market 2023 Is Booming Across The Globe By future, Key Segments And Forecast To 2030
Automotive refinish coatings are special paints used in renovating existing or old vehicles. It is primarily driven by lack of maintenance by vehicle owners and rise in number of accidents. The global automotive refinish coatings market report compiled by Market Research Future (MRFR) by analysts with substantive research covering pertinent factors, trends, opportunities, and challenges for the period between 2023 and 2030 (forecast period). Market Scope The global Automotive Refinish Coatings Market is expected to thrive at 6.2% CAGR during the forecast period to achieve a valuation of USD 13 billion by 2030. The resurgence of the automotive sector as well as the large production of cars globally is projected to fuel market growth. Rising GDP of nations and increased purchasing power of consumers can positively impact the market. The increasing number of vehicle collisions can also work in favor of the global automotive refinish coatings market. Investments in high-end and luxury ca