The global automotive coatings market size is projected to reach USD 16.24 Billion by 2021, registering a CAGR of 7.02% between 2016 and 2021. In this study, 2014 has been considered as the historical year and 2015 as the base year for estimating the market size, while the forecast period is between 2016 and 2021. In the current market scenario, there is a growing demand for automotive coatings in end-use industries. End-use industries are witnessing huge growth in emerging economies. Emerging economies such as China, India, and Brazil are the key markets for automotive coating. Emerging middle class population; changing life style; growing purchasing power parity (PPP); and improving standard of living of consumers in these economies are the key factors which drive the demand for automotive coating.
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