Auto refinish coatings market 6.03% to reach 6.03%

ACCORDING to Research and Markets, One trend that boosts growth in this market is emergence of vehicle light-weighting and specialized products. The emergence of the light-weighting trend in the automobile sector has led light vehicle OEMs to focus on vehicle weight reduction to improve fuel economy.

Based from the report, recent increase in number of operating vehicles is a major driver that promotes growth in this market. Accelerated economic activity, along with prevailing healthy economic conditions, has led to a rise in consumer spending, thereby creating demand for vehicles in these countries.