January 23, 2021

Paints and Coatings Market | Growth of Automotive Industry to Boost the Market Growth

The global paints and coatings market size is poised to grow by USD 33.64 billion during 2020-2024, progressing at a CAGR of about 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005449/en/

Technavio has announced its latest market research report titled Global Paints and Coatings Market 2020-2024 (Graphic: Business Wire)

The growth of the global automotive industry is one of the key factors driving the global paints and coatings market growth. Economic growth in emerging countries and rising foreign investments have increased per capita income. As a result,

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Automotive Paints and Coatings Market will Showcase Neutral Impact during 2020-2024 | The Increasing Demand For Innovative and Specialty Products to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive paints and coatings market and it is poised to grow by $ 3.96 bn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Akzo Nobel NV, Arkema SA, Axalta

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