Paint Additives Market is Expected to Reach $5.63 billion by 2026 | Is Projected to Expand at a Steady CAGR over the Forecast by 2026
According to a recent report published by Allied Market Research, titled, “Automotive Paint Additives Market by Type, Application and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global automotive paint additives market size was valued at $3.29 billion in 2018, and is projected to reach $5.63 billion by 2026, registering a CAGR of 7.0% from 2019 to 2026.
Presently, North America dominates the market, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the North America automotive paint additives market share in 2018, and is anticipated to maintain its lead during the forecast period.
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Blending solvents can be defined as solvents, which are specifically formulated to help in dissolving the dry edges of freshly sprayed 2K clear coat. In addition, blending solvents allow users to keep the repairs to a single panel by creating an invisible