USD 11.9 billion
Automotive OEM Coatings Market Size, Share, Growth Analysis, By Resin (Epoxy, Acrylic), By Coat (Clearcoat, Basecoat), By Vehicle (Passenger car, Commercial Vehicles), By Technology, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2424 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
90
|Figures:
76
Automotive OEM Coatings Market Insights
Automotive OEM Coatings Market size was valued at USD 18.6 Billion in 2023 and is poised to grow from USD 19.64 Billion in 2024 to USD 30.37 Billion by 2032, growing at a CAGR of 0.056 during the forecast period (2025-2032).
The market is witnessing consistent increase pushed by increasing car manufacturing, mainly in rising economies. Automotive OEM coatings play a essential function in enhancing the aesthetics, durability, and corrosion resistance of cars. Key drivers include the expanding car enterprise, demand for advanced coatings with improved performance, and stringent environmental rules promoting green formulations. However, the marketplace faces challenges associated with risky raw material costs and the shift in the direction of water-primarily based coatings. Innovations in formulations, along with high-performance and sustainable coatings, are emerging traits in reaction to enterprise demands for sturdiness and environmental obligation. Regional variations in policies and customer options also effect the dynamics of the Automotive OEM Coatings market.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Water-borne Coatings
Fastest Growth
UV-Cured Coatings
Growth Rate
5.3% CAGR
Global Automotive oem Coatings Market ($ Bn)
Country Share for Asia pacific Region (%)
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Automotive OEM Coatings Market Segmental Analysis
Global Automotive OEM Coatings Market is segmented by Resin, Coat, Vehicle, Technology and Region. Based on Resin, the market is segmented into Polyurethane, Epoxy, Acrylic, Others. Based on Coat, the market is segmented into Clearcoat, Basecoat, Primer, E-Coat. Based on Vehicle, the market is segmented into Passenger Cars, Commercial vehicles. Based on Technology, the market is segmented into Solvent-Based, Water based, Powder based. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
Water-borne coatings can also dominate the market because of the growing awareness on environmental sustainability and regulatory pressures to reduce risky organic compound (VOC) emissions. Water-borne coatings provide a more eco-friendly alternative in comparison to solvent-borne coatings, aligning with the industry's dedication to reducing environmental impact.
UV-cured coatings may be the quickest-growing kind because of their speedy curing instances, which enhance production efficiency. As car manufacturers are searching to optimize their strategies, UV-cured coatings offer advantages in terms of decreased power consumption, decrease emissions, and improved typical operational efficiency.
Analysis by layer type
Basecoat might also dominate the market because of its crucial function in figuring out the color and look of the vehicle. As consumer choices for customizable and aesthetically pleasing motors boom, the call for great basecoat formulations is possibly to upward push.
Clearcoat may be the fastest-growing layer kind, pushed by using the increasing emphasis on sturdiness, protection, and average coating overall performance. Clearcoat formulations are vital for providing resistance towards environmental elements, UV radiation, and abrasion, contributing to the longevity of the coating gadget.
Global Automotive oem Coatings Market By Type of Coatings
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Automotive OEM Coatings Market Regional Insights
APAC is in all likelihood to dominate the marketplace due to its reputation as a key hub for automotive manufacturing, in particular in nations including China, Japan, South Korea, and India. The area's considerable contribution to global vehicle production, coupled with the presence of predominant automotive OEMs, positions APAC as a dominant marketplace for Automotive OEM Coatings.
Latin America will be the quickest-developing area due to growing automobile manufacturing activities and a growing focus on infrastructure development. The place's rising economies, which include Brazil and Mexico, are witnessing an upward thrust in automotive production and domestic intake, leading to an augmented demand for OEM coatings.
Global Sugarcane Wax Market By Region
- Largest
- Fastest
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Automotive OEM Coatings Market Dynamics
Drivers
Increasing Demand For Automobiles Worldwide
- The escalating demand for automobiles internationally, specially in emerging economies, fuels the need for superior coatings that decorate vehicle aesthetics, durability, and corrosion resistance. The non-stop innovation in coating technology, with a focal point on excessive-performance and sustainable formulations, contributes to the market's expansion.
Restraints
High Volatility Of Raw Material Prices
- One of the main market restraints is the volatility of uncooked cloth expenses, impacting production costs and, consequently, the general pricing strategy in the market. Additionally, stringent policies regarding emissions and environmental impact pose a constraint, in particular in areas where compliance measures require great adjustments to coating formulations.
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Automotive OEM Coatings Market Competitive Landscape
The aggressive surroundings of the Automotive OEM Coatings marketplace is dynamic and is marked by using sturdy opposition among key players striving for market share and differentiation. Leading businesses cognizance of innovation to increase coatings that meet evolving automobile layout specs, environmental standards, and durability necessities.
Top Player’s Company Profiles
- Wacker Chemie AG (Germany)
- Dow Chemical Company (United States)
- Evonik Industries AG (Germany)
- Covestro AG (Germany)
- Momentive Performance Materials Inc. (United States)
- Lanxess AG (Germany)
- Heraeus Holding GmbH (Germany)
- Johnson Matthey Plc (United Kingdom)
- AkzoNobel (Netherlands)
- BASF SE (Germany)
- PPG Industries (United States)
- Axalta Coating Systems (United States)
- The Sherwin-Williams Company (United States)
- Nippon Paint Automotive Coatings (Japan)
- Valspar Corporation (United States)
- SATA GmbH & Co. KG (Germany)
- Bosch GmbH (Germany)
- 3M Company (United States)
- Henkel AG & Co. KGaA (Germany)
- Robert Bosch GmbH (Germany)
Recent Developments
- September 2023: PPG has declared the purchase of Wörwag, a worldwide manufacturer of coatings carried out in commercial enterprise and vehicle sectors. This strategic flow is about to develop PPG's product offerings and open up entryways to new market segments.
Automotive OEM Coatings Key Market Trends
- Rising Focus On Sustainability: The growing awareness on sustainability, driven with the aid of stringent environmental hints and a growing commitment in the automobile place to lessen carbon footprints. Water-borne and UV-cured coatings are gaining recognition because of their inexperienced tendencies. Additionally, there may be a style in the direction of advanced coatings with more potent functionalities, alongside self-healing and scratch-resistant residences, meeting the rising consumer call for durable and coffee-maintenance car finishes.
Automotive OEM Coatings Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Automotive OEM Coatings marketplace evaluation exhibits a dynamic marketplace with some of standout traits and difficulties. The marketplace is pushed by the increasing call for motors, technological improvements, and a focus on sustainability. However, the market faces demanding situations because of volatile raw fabric prices and regulatory pressures. Water-borne and UV-cured coatings advantage traction for their green attributes. Clear Coat and base coat dominate the product kinds, supplying sturdiness and aesthetic enchantment. Asia-Pacific leads in marketplace share, pushed by means of strong car production. Key tendencies include the growing emphasis on sustainability, innovative coating technology, and the mixing of superior functionalities like self-healing residences.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 11.9 billion |
| Market size value in 2031 | USD X19 billion |
| Growth Rate | 5.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive OEM Coatings Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive OEM Coatings Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive OEM Coatings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive OEM Coatings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive OEM Coatings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive OEM Coatings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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