Automotive Paints Market Projected to Reach $9.9 Billion by 2028
The global automotive paints market is estimated to be USD 8.4 billion in 2023 and is projected to reach USD 9.9 billion by 2028, at a CAGR of 3.2% from 2023 to 2028. The shift in consumer preference to SUVs from sedan and hatchback, also there is increase in adoption for powder coating and water-borne coating technologies in automotive sector to reduce the environmental impact. Hence these factors is driving the automotive paints market.
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