Strict Environment Regulatory Reforms Compel Automotive Refinish Coatings Manufacturers to Focus on Water-Borne Product Varieties, Says TMR
The global market for automotive refinish coatings features a markedly high level of consolidation, with the top five companies accounting for a share of over 65% of the global market in 2015, observes Transparency Market Research in a recent market intelligence report. The top two vendors, PPG Industries and Axalta Coatings Systems, LLC, together held over 40% share of the global market in the said year. Strict regulatory reforms related to VOC emissions from coatings, especially across developed regions such...
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