Key Findings
The Europe automotive paints & coatings market is evaluated to develop with a CAGR of 5.51% over the projected period of 2021 to 2028. The market growth of the region is driven by key drivers such as the increasing government investments in the automotive sector, the presence of numerous automobile manufacturing and assembly factories, the growing demand for hybrid and luxury cars, and the rising vehicle exports.

Market Insights
The Europe automotive paints & coatings market growth assessment entails the analysis of Germany, Poland, France, the United Kingdom, Italy, Slovakia, Russia, and the rest of Europe. According to the Germany Trade and Invest (GTAI), Germany is the largest automotive market across Europe in terms of sales and production. Moreover, the country accounts for nearly 25% of all passenger cars produced as well as 20% of all new registrations. German firms are also among 18 of the top 100 automobile suppliers globally. In addition, the country has the highest concentration of original equipment manufacturer (OEM) factories, as well.
Conversely, the rising use of alternative fuel cars in Italy, in addition to improved government initiatives, is anticipated to increase the need for automotive paints & coatings in the country. In this regard, Italy’s new $29.32 billion stimulus package, aimed towards helping the economy survive the COVID-19 pandemic, will greatly benefit the tourism and automobile industries. As a result, these factors are set to promote the automotive paints & coatings market growth in Europe during the forecasting years.

Competitive Insights
Some of the leading players in the market are BASF SE, Akzo Nobel NV, HMG Paints Ltd, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments