Surging Sales of Automobile Propelling Demand for Paints and Coatings

According to reports, the sales of vehicles all over the world increased from 88.3 million in 2014 to nearly 91.3 million in 2019. This number is predicted to rise even further in the coming years, which will, in turn, propel the requirement for paints and coatings. This will fuel the boom of the global paints and coatings market in the future. The value of the market is predicted to grow from $156,086.2 million in 2019 to $227,834.0 million by 2030.