Global Automotive OEM Coatings Market is segmented by Type (Solvent-Borne coatings, Water borne coatings and Powder coating), by vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) and by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) Global Industry Analysis and Forecast 2018-2026. Global automotive OEM coatings Market was valued US$8.2 Bn in 2017 and is anticipated to reach US$13.5 Bn by 2026 at a CAGR of about 6.5 %.
Increase in disposable income of consumers in developing economies has fuelled the demand for passenger cars hence automotive OEM coatings market. Automotive companies are establishing manufacturing facilities in emerging countries to meet the demand, this is further stimulating the growth of automotive OEM coatings market. Prices of automotive OEM coatings are also expected to rise at a steady pace which is predicted to hamper market. Solvent-borne automotive coatings may affect the overall market growth in the developed and the developing countries, but investments in R&D in new production alternatives are expected to provide opportunities for growth in the future.
Solvent borne coatings segment is dominating the automotive OEM coatings market.
Solvent borne coating are used in automotive coatings. Solvent-borne coatings are defined as one- or two component systems using a variety of commercially available binders. Solvent borne coating is known for its curing characteristics of two-component epoxy and isocyanate-based coating formulations. Solvents are available to increase the performance of the coatings.
Passenger cars segment offers opportunity of high potential in the automotive OEM coatings market.
Increase in demand for passenger cars with rise in public transportation spending. Increase in shift of consumers towards efficient, comfortable and easy transportation boosts the overall demand for automotive OEM coatings in the passenger cars segment. Increased disposable income in emerging economies has resulted into increased sales of passenger car which has grew 13.32 per cent while commercial vehicle,
Asia Pacific is estimated to grow at CAGR of 5.6 %.
Increasing vehicle production in China, India, Indonesia, Thailand, Japan and Malaysia and increasing government spending on road infrastructure is expected to boost market growth. Increased disposable income in emerging countries has resulted into increased sales of passenger car by 13.32 % which will further fuel the automotive OEM coatings market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Axalta Coating Systems, BASF SE, PPG Industries, Nippon Paint, Kansai Paint, AkzoNobel, Sherwin-Williams Company, KCC Paint, Bayer AG, and Arkema SA, Beckers Group, Cabot Corporation, Berger Paints, Eastman Chemical Company, Valspar Corporation, Clariant AG, Deft, Inc., Jotun A/S, Royal DSM, Lord Corporation, and Solvay S.A.
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