The revenue growth of the automotive coatings market is fueled by the rapidly rising global automotive industry and increasing demand, and subsequent adoption of performance-enhancing coatings, says this report.

The Europe automotive paints & coatings market is expected to evolve as one of the most significant regional markets in the coming years mainly due to stringent regulations regarding vehicle paints.

Germany automotive coatings market demand from plastic application is estimated to exceed USD 540 million by 2024 led by strict regulations by European Union towards reducing VOC emission along with low operational expenses.