Automotive OEM Coatings Market

SKU: DMCH618 | Last Updated On: Sep 30 2022 | Available Formats

> Global Automotive OEM Coatings Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Automotive OEM Coatings Market is segmented By Type (Solvent-Borne, Waterborne, Powdered, UV-cured), By Layer (Primer, Basecoat, E-coat, and Clearcoat), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Global Automotive OEM Coatings Market is growing with a high CAGR during the forecast period from 2022-2029.

Metrics

Details

Market CAGR

High

Segments Covered

By Type, By Layer, By Vehicle Type, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Drivers and Restraints

  • Increasing automobile demand, aging vehicles, development in infrastructure, and environmental concerns are the forces behind the increasing demand for automotive OEM coatings.

  • Increasing vehicle production in countries such as the U.S., Germany, China, Japan, Mexico, and South Korea, along with aging vehicles is a primary driver for the market.

  • The stringent regulations and environmental norms in developed regions like the U.S. and Europe are accelerating the demand for eco-friendly coatings such as Water-borne coatings, powder coatings, and UV coatings in these regions and thus boosting the overall market demand as well.

  • The increasing technological advancements and rising R&D investments will also augment the market growth in the coming years.

  • The fluctuations in the prices of raw materials like resins, pigments, titanium oxides, and additives can restrain the growth of the market during the forecast period.

Industry Analysis

  • The Global Automotive OEM Coatings Market report segments the market by Type, layer, and vehicle type.

  • The type segment includes Solvent-borne, Water-borne, Powdered, and UV-cured. Solvent-borne OEM coatings had a significant market share in 2017, and are the most traditionally used coatings.

  • However, the Water-borne segment is estimated to be the most lubricative segment during the forecast period; and is expected to register the highest growth.

  • Water-borne OEM coatings are the future of automotive OEM coatings, and currently, the transition from Solvent-borne coatings to Water-borne OEM coatings is taking place quickly in the automotive industry.

  • The increasing pressure from regulatory bodies has prompted the automotive coatings industry to move towards more sustainable materials and processes.

  • Solvent-based automotive paints contain VOCs and hazardous air pollutants that contribute to air pollution and cause numerous adverse health effects, including eye/skin irritation, and central nervous system effects.

  • As water-borne OEM coatings use water as a solvent to dissolve a resin, these are more environmentally friendly and safe for human health.

  • The other advantages of Water-borne OEM coatings which are boosting its demand are increased productivity, reduced costs, and better durability of the surface.

  • Further, based on the layer the market can be segmented as Primer, Basecoat, E-coat, and Clearcoat. Also, the vehicle type segment consists of Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Others.

Regional Share

  • The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and Others.

  • Asia-Pacific was the largest market for Automotive OEM coatings in 2017 and is also expected to dominate the market in the coming years.

  • The increasing automobile production in countries like China, South Korea, India, Japan, Thailand, and Indonesia is a primary reason for the large share of the APAC region in the market.

  • The rapid economic growth, increasing governments’ investments, and advancements in road infrastructure especially in China and India, are also spurring the demand for Automotive OEM coatings in the region.

  • The strong presence of key players and rising investments in the area are further boosting market growth.

  • The market growth in the North American and European region will mostly occur because of the stringent regulations and environmental safety norms, which will drive the market for Water-borne, Powdered, and UV-coated Automotive OEM coatings.

Manufacturers

  • The Global Automotive OEM Coatings market report profiles the following companies-

  • BASF, Axalta Coating Systems, Nippon Paint, AkzoNobel, PPG Industries, Sherwin-Williams Co., Valspar, Kansai Paint, Coventry AG (Bayer), DuPont, KCC Corporation, Arkema SA.

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FAQ

What is the Growth Rate of the Automotive OEM Coatings Market?

Growing with a high CAGR during the forecast period from 2022-2029.

Which Companies Are Included in the Automotive OEM Coatings Market?

BASF, Axalta Coating Systems, Nippon Paint, AkzoNobel, PPG Industries, Sherwin-Williams Co., Valspar, Kansai Paint, Coventry AG (Bayer), DuPont, KCC Corporation, Arkema SA.

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