By 2030, the global high-performance coatings market will double

automotive has a majority market share in the high-performance coatings marketgrowing demand for the auto industry in developing countries such as China, Japan and Indiain addition, the growing demand for custom cars in automotive custom stores opens up many market opportunities for high-performance coatings. in addition, the increase in the number of aerospace appliances has led to an increased demand for high-performance coatings as coating agents, thereby improving aesthetic and functional featuresthe government's strict supervision of VOC emissions, which led to the adoption of water-based high-performance coatings, which led to the growth of the high-performance coatings marketEpoxy resins are expected to be the most attractive performance coatingsbecause of its high functional characteristics,has been widely used in the automotive, aerospace and marine industriesthe outbreak of COVID-19 has affected demand in the global construction and automotive industries as a result of a nationwide blockadeThis has a significant impact on the production and supply chain of products.the main gains in the global high-performance coatings market
Fact.MR expects the global high-performance coatings market to create approximately $250 million in valuable opportunities over the forecast period, which will be more than double 2020,acrylic-based high-performance coatings will continue to dominate demand, accounting for more than a quarter of the global market share of high-performance coatings, andwater-based high-performance coatings will grow at a higher rate of growth, as is determined by VO C exemption coatings regulatory policy,the global high-performance coatings market is expected to grow at a high rate in new homes such as India, China and Brazil due to increased infrastructure projects and demand for automotive products;Europe is estimated to be the most profitable market in terms of revenue generation, with a current value of $150 million, which is expected to expand significantly during the forecast period, and high-performance coatings for construction and infrastructure will continue to dominate By 2030, it will account for more than half of the North American high-performance coatings market and grow 4% over the forecast period "Favorable regulatory policies and the heavy use of eco-friendly anti-VOC coatings will drive increased demand for water-based formulation-type high-performance coatings," said , an Fact.MR analyst "