Description
The global automotive paints and coating industry market size was valued at USD 15.14 Billion in 2020 and projected to reach USD 23.33 Billion by 2027, growing at a CAGR of 5.7% over the forecast period 2020-2027. A shift in consumer preference for attractive paint textures and improved vehicle aesthetics is helping the market expand. An increase in the automobile and the rising number of daily vehicle accidents are the major factors restoring the growth of the global automotive paints and coating industry market. Furthermore, the growing demand for Focus on the production of eco-friendly paints security is among the factors expected over the forecast period to drive the global market’s growth for the automotive paints and coating industry.
