Automotive Refinish Coating Market to Witness Exponential Growth at 5.7% CAGR by 2022
The automotive refinish coating market is directly linked to the automotive market and has seen substantial growth in the last decade. This is primarily due to rapid growth in vehicle ownership in emerging economies with a resultant increase in the accident rate. Greater governmental regulations with respect to high volatile organic compounds may further impact the growth of automotive refinish coating market that is currently projected to record a robust CAGR of 5.7% from 2017 to 2022.
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