According to a new market study, the global automotive coatings market is estimated to grow from $17.82 billion in 2019 to $27.64 billion by 2027, increasing at a compound annual growth rate (CAGR) of 5.7% during the forecast period of 2020-2027.
Axalta recently announced it will become the official paint supplier for the Stock Car Pro Series in Brazil, the main category of motorsports in that country.
McLaren Racing's 2021 Formula 1 car will again feature AkzoNobel's high-performance coatings, following an extension to the long-standing partnership that debuted in 2008.
PPG released its 2020 automotive color popularity report that shows blue hues continuing to increase in popularity, climbing to 9% of global color share — a 1% increase from 2019.
Axalta recently announced that its new solventborne basecoat, Cromax XP, appears on the No. 24 Chevrolet Camaro ZL1 1LE that will be displayed outside Daytona International Speedway.
PPG announced the introduction of a digital styling program that enables automotive designers to execute exceptionally realistic three-dimensional modeling of automotive colors and effects on virtual car designs and surfaces.
