Automotive market: Slowly recovering - News and insights for the European coatings industry
A slight recovery is underway, but we cannot speak of full throttle. The primary growth is in Asia, while Europe is stagnating. Nevertheless, market researchers at PRA are forecasting that the market for automotive OEM coatings will grow by 4.4 % annually until 2027, while the figure for automotive refinish coatings is 2.7 %.By Damir Gagro.
Source: european-coatings.com