Automotive Wheel Coatings Market will reach at a CAGR of 2.8% from 2017 to 2026

Posted by sonali on November 14th, 2017

Economic crisis observed in multiple parts of the world is being cited as a key restraint for sales of automotive wheel coatings. High prices of raw materials in Ukraine, rising occurrence of worker agitations across Chinese wheel coating plants, and an overall decline in global production of cars and other automobiles are observed as inhibitors for growth of global demand for automotive wheel coatings. Future Market Insights delivers such pivotal findings in its latest report on global market for automotive wheel coatings, which indicate how the demand for automotive wheel coatings will lose traction in the years to come.

Apropos the report, titled “Automotive Wheel Coatings Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” the global market for automotive wheel coatings is presently valued at an estimated US$ 524.5 Mn. Apart from economic constraints, the declining sales of cars witnessed across the world is also factoring the dip in demand for automotive wheel coatings. By the end of 2026, the global automotive wheel coating market is anticipated to have soared at just 2.8% CAGR, bringing in a little less than US$ 690 Mn in revenues.

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