DUBLIN, March 24, 2021 /PRNewswire/ — The “Automotive OEM Coatings Market by Type, by Layer, by Vehicle Type, Heavy Commercial Vehicles, and Others – Global Opportunity Analysis and Industry Forecast, 2020-2030” report has been added to ResearchAndMarkets.com’s providing.
The World Automotive OEM Coatings Market was valued at USD 7.93 billion in 2019 and is estimated to garner USD 13.12 billion by 2030, increasing at a CAGR of 4.6% of throughout the forecast interval, from 2020 and 2030.
Automotive OEM coatings are used to coat the floor of cars for the safety of the car floor and enhancement of its aesthetic look. These coatings are primarily solvent-based, water-based, and powdered primarily based. They improve the sturdiness of automobiles and supply excessive safety protect in opposition to excessive temperature ranges, intense ultraviolet publicity, acid rain, and different international particles.
Market Dynamics and Traits
The expansion of the automotive OEM coatings market is attributed to rising demand for business utility automobiles, excessive inclination in direction of environment friendly transport, improve within the development of possessing private automotive transports and rise within the demand for passenger automobiles.
Nonetheless, excessive value of uncooked supplies, implementation of strict environmental emission requirements, and considerations associated to the usage of solvent-borne automotive coatings that impose the danger of environmental hazard are impeding the market progress throughout the forecast interval. However, excessive desire for gentle weight automobiles, providing low fuel-consumption and effectivity together with the rising demand for electrical and hybrid automobiles, providing decrease carbon emissions are anticipated to create alternatives for the worldwide automotive OEM coatings market.
Market Segmentations and Scope of the Research
The worldwide automotive OEM coatings market is segmented primarily based on kind, layer, car kind, and geography. On the premise of kind, the market is segregated into solvent-borne, water-borne, powdered, and others. By way of layer, the market is fragmented into primer, basecoat, electrocoat, and clearcoat. Based mostly on car kind, the market is split into passenger automobiles, gentle business automobiles (LCV), heavy business automobiles (HCV), and others. On the premise of geography, the market is categorized into North America, Europe, Asia-Pacific, and Remainder of World (RoW).
North America is anticipated to account for a significant share of the worldwide market throughout the forecast interval owing to the rise in adoption of automotive OEM coatings. Furthermore, improve in technological developments, well-established automotive infrastructures, and excessive adoption of digital automobiles are fuelling the market progress on this area.
The market in Asia-Pacific is anticipated to develop throughout the forecast interval as a result of improve in innovation, rise in strategic collaborations between gamers, and progress within the demand for business and light-weight weight automobiles on this area.
Main market gamers working within the automotive OEM coatings market are BASF SE, Axalta Coating Programs, PPG Industries, Kansai Paint, Nippon Paint, AkzoNobel, KCC Paint, Sherwin-Williams Firm, Arkema SA, and Bayer AG.
In February 2020, Nippon Paint used its first-ever velocity system to color the automobile in a single day, at certainly one of its items primarily based in India. The automobile painted utilizing Spray weapons and Nax-Professional preparation was polished utilizing numerous ending merchandise. Nippon Paint augmented ending options supply an entire vary of paint, preparation, ending, and upkeep merchandise.
Key Matters Lined:
1.1. Report Description
1.2. Analysis Methodology
2. Market Snapshot, 2019-2030 Million Usd
2.1. Market Snapshot
3. Porter’s 5 Pressure Mannequin Evaluation
4. Market Dynamics
4.1. Progress Drivers
5. World Automotive Oem Coatings Market, by Sort
6. World Automotive Oem Coatings Market, by Layer
7. World Automotive Oem Coatings Market, by Automobile Sort
7.2. Passenger Automobiles
7.3. Mild Business Automobiles
7.4. Heavy Business Automobiles
8. World Automotive Oem Coatings Market, by Area
9. Firm Profiles
- BASF SE
- Axalta Coating Programs
- PPG Industries
- Kansai Paint
- Nippon Paint
- KCC Paint
- Sherwin-Williams Firm
- Arkema SA
- Bayer AG
For extra details about this report go to https://www.researchandmarkets.com/r/vqeq0m
Analysis and Markets
Laura Wooden, Senior Supervisor
For E.S.T Workplace Hours Name +1-917-300-0470
For U.S./CAN Toll Free Name +1-800-526-8630
For GMT Workplace Hours Name +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outdoors U.S.): +353-1-481-1716
SOURCE Analysis and Markets