Automotive OEM Coatings Market Size, Share, Trends, and Growth 2019-2026
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  • Automotive OEM Coatings Market Size, Share, Trends, and Growth 2019-2026

     



    (Transportation-News.com, December 18, 2019 ) Automotive OEM Coatings Market Overview

    The Global Automotive OEM Coatings market is growing with a CAGR of around 5 % during the forecast period from 2019 to 2026.



    Automotive OEM Coatings 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, South Korea, along with aging vehicles is a primary driver for the market.

    • The stringent regulations and environmental norms in the 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.



    Download free sample: https://www.datamintelligence.com/download-sample/automotive-oem-coatings-market



    Automotive OEM Coatings Industry Analysis

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

    • 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 the 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.



    Global Automotive OEM Coatings 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, is also spurring the demand for Automotive OEM coatings in the region.

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

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



    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.



    Key market segments covered



    By Type

    • Solvent-borne

    • Water-borne

    • Powdered

    • UV-cured



    By Layer

    • Primer

    • Basecoat

    • E-coat

    • Clearcoat



    By Vehicle Type

    • Passenger Cars

    • Light Commercial Vehicles

    • Heavy Commercial Vehicles

    • Others



    By Region

    • Asia Pacific

    • Europe

    • North America

    • South America

    • Rest of the World



    View full report: https://www.datamintelligence.com/research-report/automotive-oem-coatings-market



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