India Automotive Paints and Coatings Market To Set Massive CAGR of 5.30% During 2024-2032
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Automotive Paints and Coatings Market - India Market Statistics Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Growth Rate: 5.30% (2024-2032) Market Size in 2023: USD 982.3 Million Market Size in 2032: USD 1,573.1 Million The India automotive paints and coatings market is growing, driven by increased vehicle production and demand for durable, aesthetic finishes. According to the latest report by IMARC Group, the market reached USD 982.3 Million in 2023 . Looking forward, IMARC Group expects the market to reach USD 1,573.1 Million by 2032 , exhibiting a growth rate (CAGR) of 5.30% during 2024-2032 . India Automotive Paints and Coatings Market Trends and Drivers: Rising Automotive Industry and Vehicle Production : The growing automotive industry and increasing vehicle production are key drivers of the market. Increasing Consumer Demand for Automobiles : Consumer demand for automobiles is rising, leading manufacturers to focus on enhancing vehicles'