The size of the global Automotive OEM Coatings Market was estimated at $6,426 million in 2022, is predicted to increase to $9,379 million by 2030, showing a CAGR of 7.6% in that time.
Automotive coatings are used to coat the surfaces of automobiles and exemplify the innovative technologies, which are capable of manufacturing durable surfaces, maximizing overall efficiency while meeting environmental norms. Also, they enhance the overall durability and appearance of a vehicle and also safeguard it from UV radiation, extreme temperature, and foreign particles.
The global Automotive OEM Coatings Market is expected to witness considerable growth in the next few years. Important factors such as a surge in demand for recreational vehicles amongst youngsters, an increase in population, and thrive in income levels are expected to boost the growth of the Automotive OEM Coatings Market. Furthermore, the market growth is also amplified by factors such as the growth in demand for high-quality paints and coatings in automobiles. Also, the rise in consumption of powder coatings, owing to its excellent characteristic properties, such as lowering emissions of volatile compounds and relatively thicker layer as compared to traditional automotive coatings, is projected to fuel the growth of the global Automotive OEM Coatings Market.
On the other hand, factors such as instability in the prices of raw materials are hampering the growth of the market. Also, difficulty in sourcing raw materials and rising concerns related to the environmental hazards associated with the solvent-borne automotive coatings are the probable restraints hindering the overall growth of the global Automotive OEM Coatings Market. Besides this, the developments in technologies and untapped potential in developing markets offer hopeful growth opportunities.
Covid-19 Impact on Automotive OEM Coatings Market:
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Automotive OEM Coatings Market Segment Overview
Based on vehicle type, the Passenger Cars segment occupied a maximum share of the global Automotive OEM Coatings Market. This can be mainly attributed to the increasing demand for passenger cars and general utility vehicles globally with rising public transportation expenditure and increasing inclination of consumers towards efficient and easy transportation needs lift the overall demand for automotive OEM coatings in the passenger cars segment. In addition, the use of automotive OEM coatings in light commercial vehicles has witnessed major developments, due to constant growth in per capita disposable incomes and growing demand for commercial utility vehicles.
Automotive OEM Coatings Market, By Type
· Solvent-Borne
· Waterborne
· Powdered
· Others
Automotive OEM Coatings Market, By Layer
· Primer
· Basecoat
· Electrocoat
· Clearcoat
Automotive OEM Coatings Market, By Vehicle Type
· Passenger Cars
· Light Commercial Vehicles
· Heavy Commercial Vehicles
· Others
Automotive OEM Coatings Regional Overview
In terms of region, Asia Pacific held the major share of the global Automotive OEM Coatings market. This is due to increasing demand from the automotive industry in this region. China and India are anticipated to contribute significantly to the development of the Automotive OEM Coatings market owing to progressions in end-use sectors, technological developments, and new innovative products launched in these countries. Moreover, the rise in investments by key manufacturers in the region is another key aspect that fuels the growth of the market. As well, the U.S. is predicted to hold major shares in the automotive OEM coatings market in North America.
Automotive OEM Coatings Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Automotive OEM Coatings Market Competitor overview
Some key developments and strategies adopted by manufacturers in Automotive OEM Coatings are highlighted below.
· In July 2021, PPG announced that its experts will share the future of sustainable automotive color styling and application technology in presentations at the Surcar Europe 2021 automotive engineering and design show, which is being held in Cannes, France.
Automotive OEM Coatings Market, Key Players
· Beckers Group
· Cabot Corporation
· Berger Paints
· Eastman Chemical Company
· Valspar Corporation
· Clariant AG
· Deft, Inc.
· Jotun A/S
· Royal DSM
· Lord Corporation
· Solvay S.A.
· Axalta Coating Systems
· BASF SE
· PPG Industries
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Automotive OEM Coatings Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Solvent-Borne
- 5.2.2. Waterborne
- 5.2.3. Powdered
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By Layer
- 5.3.1. Primer
- 5.3.2. Basecoat
- 5.3.3. Electrocoat
- 5.3.4. Clearcoat
- 5.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.4.1. Passenger Cars
- 5.4.2. Light Commercial Vehicles
- 5.4.3. Heavy Commercial Vehicles
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Automotive OEM Coatings Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Solvent-Borne
- 6.2.2. Waterborne
- 6.2.3. Powdered
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By Layer
- 6.3.1. Primer
- 6.3.2. Basecoat
- 6.3.3. Electrocoat
- 6.3.4. Clearcoat
- 6.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.4.1. Passenger Cars
- 6.4.2. Light Commercial Vehicles
- 6.4.3. Heavy Commercial Vehicles
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Automotive OEM Coatings Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Solvent-Borne
- 7.2.2. Waterborne
- 7.2.3. Powdered
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By Layer
- 7.3.1. Primer
- 7.3.2. Basecoat
- 7.3.3. Electrocoat
- 7.3.4. Clearcoat
- 7.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.4.1. Passenger Cars
- 7.4.2. Light Commercial Vehicles
- 7.4.3. Heavy Commercial Vehicles
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Automotive OEM Coatings Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Solvent-Borne
- 8.2.2. Waterborne
- 8.2.3. Powdered
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By Layer
- 8.3.1. Primer
- 8.3.2. Basecoat
- 8.3.3. Electrocoat
- 8.3.4. Clearcoat
- 8.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.4.1. Passenger Cars
- 8.4.2. Light Commercial Vehicles
- 8.4.3. Heavy Commercial Vehicles
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Automotive OEM Coatings Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Solvent-Borne
- 9.2.2. Waterborne
- 9.2.3. Powdered
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By Layer
- 9.3.1. Primer
- 9.3.2. Basecoat
- 9.3.3. Electrocoat
- 9.3.4. Clearcoat
- 9.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.4.1. Passenger Cars
- 9.4.2. Light Commercial Vehicles
- 9.4.3. Heavy Commercial Vehicles
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Beckers Group
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Cabot Corporation
- 10.6. Berger Paints
- 10.7. Eastman Chemical Company
- 10.8. Valspar Corporation
- 10.9. Clariant AG
- 10.10. Deft, Inc.
- 10.11. Jotun A/S
- 10.12. Royal DSM
- 10.13. Lord Corporation
- 10.14. Solvay S.A.
- 10.15. Axalta Coating Systems
- 10.16. BASF SE
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
