Automotive Paint Market Share

Asia Pacific Market Forecast

Asia Pacific industry is expected to hold largest revenue share of 45% by 2037. The growth is attributed to the high production of electric vehicles in the region. The growing consumer preference for rich texture, aesthetic finish, and glossy look is estimated to boost the market during the forecast period. The growth in sales of electric cars is twice in 2021 with about 7 million including fully electric and plug-in hybrids. In 2021, China has tripled the sales of electric cars with 3 million units, contributing to half the sales across the globe.