Automotive coatings Market are provided to the vehicles by OEMs and their ability to provide a coating that will satisfy the needs of the customer is the key factor hence, different technologies are used by the manufacturer to provide a variety in the types of the coating which includes a solvent-borne, waterborne, and powdered coating. The solvent-borne coating consists of an organic compound in it they are mostly used in a humid environment. Whereas, water-borne coating have water as a solvent in it. The powdered coating consists of powdered polymer which can be applied electrostatically and then cured. All these coatings are fast curing, tough and flexible, scratch resistance up to a certain extent, oil & chemical resistant, and UV resistant. In addition to this, they also promote the health and safety of the employee, ease to apply, and provide better aesthetic. These coatings are applied to almost all types of automotive such as passenger vehicles, light-duty vehicles, and high duty vehicles. The market accounted 8228.5 USD million in 2020, and is anticipated to reach 11,922 billion by 2030, registering a CAGR of 8.47% during the forecast period.

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Market Dynamics and Factors:

The growing demand for the automotive sector and the presence of aging vehicles are some of the major factors driving the market growth. In addition to this, stringent environment regulation norms for the use of an eco-friendly coating such as waterborne coating, powdered, and UV coating are recommended by the government of the US and European regions such as Ecolabel 66/2010 regulation from Europe. Growing automotive production across the world is the factor that further boosts the market. The growing popularity and the adoption of the electric vehicle, Increase in adoption of the waterborne coating and powdered coating are some of the factors that are fueling the market. However, changing prices of the raw material keeps varying which is a restraining factor of the market and it is also challenging for the OEM firms. Technological advancement and development of advanced materials will create new opportunities.

Market Segmentation:

Global Automotive OEM Coating Market – By Type
Solvent-Borne
Waterborne
Powdered
Global Automotive OEM Coating Market – By Layer
Primer
Basecoat
Electrocoat
Clearcoat
Global Automotive OEM Coating Market – By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Global Automotive OEM Coating Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:

Europe has dominated the market with 30% shares of the global revenue of the market followed by Asia Pacific. Europe has a presence of major automakers such as BMW, Volkswagen, and many more. Asia Pacific is growing rapidly with expanding the automotive sector in the region and high demand for the automobiles within the region. Improving lifestyle, growing urbanization leads to disposable income which is a driving factor for the market. North America is also expected to witness significant growth due to the development of new advanced materials and growing automotive sector, adoption of electric vehicles all these factors supporting growth of the market in North America. The Middle East and Africa will experience steady growth during the forecast period.

Competitive Scenario:

The key players in the automotive OEM coatings industry include BASF SE, PPG Industries, Axalta Coating Systems, Nippon Paint, Kansai Paint, AkzoNobel, KCC Paint, Bayer AG, and Arkema SA.

How will this Market Intelligence Report Benefit You?

1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

2. Exclusive insight into the key trends affecting the Automotive OEM Coating industry, although key threats, opportunities and disruptive technologies that could shape the Automotive OEM Coating Market supply and demand.

3. The report tracks the leading market players that will shape and impact the Automotive OEM Coating Market most.

4. The data analysis present in the Automotive OEM Coating Market report is based on the combination of both primary and secondary resources.

5. The report helps you to understand the real effects of key market drivers or retainers on Automotive OEM Coating Market business.

The 2021 Annual Automotive OEM Coating Market offers:

• 100+ charts exploring and analysing the Automotive OEM Coating Market from critical angles including retail forecasts, consumer demand, production and more

• 15+ profiles of top producing states, with highlights of market conditions and retail trends

• Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

• Benchmark wholesale prices, market position, plus prices for raw materials involved in Automotive OEM Coating Market type

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