The Europe Automotive Paints and Coatings Market size is expected to grow from USD 4.82 billion in 2023 to USD 5.59 billion by 2028, at a CAGR of 3% during the forecast period (2023-2028).
In 2020, COVID-19 had a negative impact on the European market for automotive paints and coatings. However, post-COVID-19 pandemic, the automotive industry is recovering fast and is estimated to rise in the coming years, stimulating demand for the automotive paints and coatings market.
Europe's automotive paints and coatings market is partially fragmented in nature, with only a few major players dominating the market. Some of the major companies are Akzo Nobel N.V., PPG Industries, Inc., Beckers Group, Jotun, and BASF SE.
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