{"product_id":"automotive-oem-coatings-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Automotive OEM Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eAutomotive OEM Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global automotive OEM coatings market size reached US$ 7.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eAutomotive original equipment manufacturer (OEM) coatings refer to water-based, or solvent-based paints, that are applied for coating the surface of automobiles. They aid in increasing the durability of vehicles, enhancing their aesthetics, and protecting against extreme temperature, intense ultraviolet (UV) radiations, chemical stains, and acid rain. On account of these properties, automotive OEM coatings are extensively employed on passenger, light commercial and heavy commercial vehicles. At present, these coatings are commercially available in varying types of resin forms, such as epoxy, acrylic and polyurethane.\u003c\/p\u003e\n\n\u003cp\u003eAutomotive OEM Coatings Market Trends:\u003cbr\u003e\nThe significant growth in the automotive sector, along with the increasing demand for commercial utility vehicles and energy-efficient mobility, due to the rising environmental concerns, is one of the prime factors driving the automotive OEM coatings market toward growth. In line with this, the extensive utilization of solvent- and water-borne coatings for painting various interior elements of the vehicle, such as meter clusters, instrument panels, speaker grills, steering wheels, door trim and armrest bezels is acting as another growth-inducing factor. The integration of these components with ultraviolet (UV)-curved technologies and eco-friendly coatings is aiding in eliminating the occurrence of volatile organic compounds (VOC), which is further propelling the market growth. Moreover, advancements in the automotive sector, along with the rising requirement for thinner film thickness, lower bake temperature and heavy-metal free formulations in the coating systems and processes are also catalyzing the market growth. Moreover, the shifting inclination of manufacturers from metals to plastic coatings on account of its durability, strength and chemical and corrosion resistance properties are contributing to the market growth. Other factors, such as strategic collaborations amongst key players and continuous investments in research and development (R\u0026amp;D) activities for launching novel product variants, are creating a positive outlook for the market.\u003c\/p\u003e \n\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003e\nIMARC Group provides an analysis of the key trends in each sub-segment of the global automotive OEM coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, layer, vehicle type and application.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Type:\u003c\/p\u003e\n\n\u003cp\u003eSolvent Borne\u003cbr\u003e\nWaterborne\u003cbr\u003e\nPowdered\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Layer:\u003c\/p\u003e\n\n\u003cp\u003ePrimer\u003cbr\u003e\nBasecoat\u003cbr\u003e\nElectrocoat\u003cbr\u003e\nClearcoat\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Vehicle Type:\u003c\/p\u003e\n\n\u003cp\u003ePassenger Cars\u003cbr\u003e\nLight Commercial Vehicles\u003cbr\u003e\nHeavy Commercial Vehicles\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Application:\u003c\/p\u003e\n\n\u003cp\u003eInterior\u003cbr\u003e\nExterior\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nUnited States\u003cbr\u003e\nCanada\u003cbr\u003e\nAsia-Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nJapan\u003cbr\u003e\nIndia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nAustralia\u003cbr\u003e\nIndonesia\u003cbr\u003e\nOthers\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nUnited Kingdom\u003cbr\u003e\nItaly\u003cbr\u003e\nSpain\u003cbr\u003e\nRussia\u003cbr\u003e\nOthers\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nOthers\u003cbr\u003e\nMiddle East and Africa\u003cbr\u003e\n \u003cbr\u003e\nCompetitive Landscape:\u003cbr\u003e\nThe competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Arkema S.A., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Limited, Covestro AG, Kansai Paint Co. Ltd., KCC Corporation, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., The Lubrizol Corporation and The Sherwin-Williams Company.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003cbr\u003e\nHow has the global automotive OEM coatings market performed so far and how will it perform in the coming years?\u003cbr\u003e\nWhat has been the impact of COVID-19 on the global automotive OEM coatings market?\u003cbr\u003e\nWhat are the key regional markets?\u003cbr\u003e\nWhat is the breakup of the market based on the type?\u003cbr\u003e\nWhat is the breakup of the market based on the layer?\u003cbr\u003e\nWhat is the breakup of the market based on the vehicle type?\u003cbr\u003e\nWhat is the breakup of the market based on the application?\u003cbr\u003e\nWhat are the various stages in the value chain of the industry?\u003cbr\u003e\nWhat are the key driving factors and challenges in the industry?\u003cbr\u003e\nWhat is the structure of the global automotive OEM coatings market and who are the key players?\u003cbr\u003e\nWhat is the degree of competition in the industry?\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"September, 2023 \/ 146 Pages \/ MCW16218468","offer_id":47620821614898,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/automotive-oem-coatings-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}