Original Equipment Manufacturer (OEM) Coatings Market Size, Share, Growth and Opportunities 2030
Original equipment manufacturer (OEM) coatings market is expected to undergo a CAGR of 4.98% from 2023 to 2030. This indicates that the market value, USD 71.37 billion in 2022, would rocket up to USD 105.28 billion by 2030.
Original Equipment Manufacturer (OEM) Coatings Market survey report analyses the general market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which supports businesses on deciding upon several strategies. Furthermore, big sample sizes have been utilized for the data collection in this business report which suits the necessities of small, medium as well as large size of businesses. The report explains the moves of top market players and brands that range from developments, products launches, acquisitions, mergers, joint ventures, trending innovation and business policies.
The large scale Original Equipment Manufacturer (OEM) Coatings Market report is prepared by taking into account the market type, organization volume, accessibility on-premises, end-users’ organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Extremely talented pool has invested a lot of time for doing market research analysis and to generate this market report. Original Equipment Manufacturer (OEM) Coatings Market report is sure to help businesses for the long lasting accomplishments in terms of better decision making, revenue generation, prioritizing market goals and profitable business.
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Original Equipment Manufacturer OEM Coatings
Market Definition
Coatings are paints applied to coat the object's surface to protect object's surface and increase its aesthetic appearance. These are mainly waterborne, powdered, solvent-borne, and other types. These coatings and the growing durability of objects provide a high protection shield against intense ultraviolet exposure, extreme temperature ranges, acid rain, and other foreign particles.
Original Equipment Manufacturer (OEM) Coatings Market Dynamics
Drivers
Increasing demand for polyurethane coating due to unique properties
Polyurethane coatings are maximum in demand because of their unique properties such as impact resistance, low odor, low-temperature flexibility, high tensile strength, chemical resistance, water resistance, mar-resistant, non-flammable, alkali resistant, as high elongation, U.V. resistance, abrasion resistance, highly compatible with acrylic emulsions, and low VOC's.
Growing environmental concerns
Due to the growing environmental concerns, the significant growth in the automotive industry, along with the growing demand for energy-efficient mobility and commercial utility vehicles, is one of the major factors expected to drive the growth rate of the original equipment manufacturer (OEM) coatings market.
Opportunities
Surging product launches
The surging product launches and other innovations by key players offer numerous growth opportunities in the market. The players in the OEM coatings market are adopting numerous strategies such as mergers and acquisitions, supply/distribution agreements, expansion, and new product launches to maintain their dominance and presence in the market. For instance, Hempel launched a new epoxy primer named Hempaprime Shield 700 HS on 16 May 2019.
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Original Equipment Manufacturer (OEM) Coatings Market Scope
The original equipment manufacturer (OEM) coatings market is segmented on the basis of formulation and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Original Equipment Manufacturer (OEM) Coatings Market Regional Analysis/Insights
Asia -Pacific dominates the original equipment manufacturer (OEM) coatings market in terms of market share revenue due to rising automobile production, mainly in Japan and China. Furthermore, the increase in the sale of automobiles in the nations of Asia-Pacific owing to the increasing disposable income and changing lifestyles will also support the market's growth.
North America will expect to be the fastest-growing region during the forecast period of 2023-2030, owing to the increase in the population. Furthermore, the development of the construction industry in the region is further expected to propel the market's growth in the upcoming years.
Competitive Landscape and Share Analysis
Some of the major players operating in the original equipment manufacturer (OEM) coatings market are:
Nippon Paint Holdings Co., Ltd. (Japan)
Kansai Paint Co., Ltd. (Japan)
Covestro AG (Germany)
KAPCI Coatings (India)
KCC Corporation (South Korea)
Bernardo Ecenarro S.A. (Spain)
SEM Products, Inc. (U.S.)
Sheboygan Paint Co (U.S.)
Cresta Paint Industries Ltd. (Africa)
Alps Coating Sdn. Bhd. (Malaysia)
NOROO Paint & Coatings Co., Ltd. (South Korea)
Koninklijke DSM N.V. (Netherlands)
WEG SA (Brazil)
The Lubrizol Corporation (U.S.)
HMG Paints Ltd (U.K.)
James Briggs Limited (U.K.)
Reichhold LLC (U.S.)
TOA Performance Coating Corporation CO., Ltd. (Thailand)
Yashm Paint & Resin Industries (Iran)
Allnex Group (Germany)
Samhwa Paints Industrial Co. Ltd (South Korea)
BASF SE (Germany)
Axalta Coating Systems, Ltd. (U.S.)
3M (U.S.)
AkzoNobel N.V. (Netherlands)
PPG Industries, Inc. (U.S.)
The Sherwin-Williams Company (U.S.)
Dow (U.S.)
Key Coverage in the Original Equipment Manufacturer (OEM) Coatings Market Report:
Detailed analysis of Original Equipment Manufacturer (OEM) Coatings Market by a thorough assessment of the technology, product type, application, and other key segments of the report
Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
Comprehensive analysis of the regions of the Original Equipment Manufacturer (OEM) Coatings industry and their futuristic growth outlook
Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Original Equipment Manufacturer (OEM) Coatings Market Landscape
Part 04: Global Original Equipment Manufacturer (OEM) Coatings Market Sizing
Part 05: Global Original Equipment Manufacturer (OEM) Coatings Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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