Some the key players in the Automotive OEM Coatings market are: BASF SE, Axalta Coating Systems, PPG Industries, Kansai Paint, Nippon Paint, AkzoNobel, KCC Paint, Sherwin-Williams Company, Arkema SA and Bayer AG among others.
Key Benefits for Automotive OEM Coatings Market:
· Porter’s five forces analysis helps analyze the potential of buyers & suppliers and their automotive OEM coatings market share for building strategies.
· It outlines the current trends and future scenario of the automotive OEM coatings market size from 2018 to 2030 to understand the prevailing opportunities and potential investment pockets.
· Major countries in four major regions, namely, North America, Asia-Pacific, Europe, and LAMEA have been mapped according to their individual revenue contribution in the automotive OEM coatings market analysis at regional and country level.
· The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
· The profiles of key players along with their contribution in automotive OEM coatings market growth are enlisted in the report.
The Global Automotive OEM Coatings Market size was valued to USD 7.23 billion in 2021, with a volumetric turn-over of 1706.9 kilotons; is predicted to garner USD 13.12 billion by 2030 with an expected volumetric turn-over of 2,864.1 kilotons, demonstrating a respective CAGR of 7.7% and 6.7% from 2022-2030.
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Automotive OEM coatings are one of the most significant sections in automotive manufacturing. It is used to help the purpose of protection from the severe environment. Automotive coatings display superior quality and durability. In addition to that, automotive coatings have great mechanical properties to shield automobiles from scratches and chemical exposure.
Interior automotive coatings enhance the surface visually & also bring physical properties to convey a feeling of comfort and luxury. These coatings are applied in various steps to prevent metal from rust. They are also able of withstanding ultraviolet rays. The coating process comprises the base coat, primer steps, and clearcoat which is employed to provide the transparent and glossy coating. The automotive coating extensively finds its application in the automobile domain to improve the appearance and performance of the vehicle.
There are certain constraints and obstacles encountered that will limit the market growth. The factors such as volatility in the prices of raw materials are limiting the market growth. Also, difficulty in sourcing raw materials and a rise in concerns related to the environmental hazards associated with the solvent-borne automotive coatings are the potential restraints hampering the overall growth of the global Automotive OEM Coatings Market. Nevertheless, the developments in technologies and untapped potential in developing markets offer promising growth opportunities.
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