Automotive OEM Coatings Market Top Leading Key Players, Growth Opportunities, Price Trends, Business Outlook and Forecast 2025

Market Insights:

Market Research Future (MRFR) assessed the Global Automotive OEM Coatings Market 2020 for the analysis period till 2025. As per MRFR assessment, the Automotive OEM Coating Market can rise at 6.45% CAGR in the review period between 2019 and 2025. By 2025, the OEM Coatings Market value can touch USD 7,759.5 Million. COVID 19 impact assessment for the Automotive OEM Coatings Market is revealed in the report.

Economic fundamentals of the automotive sector are likely to change in the upcoming years given to the pandemic and political issues; thus, the Global Automotive OEM Coatings Market is expected to experience robust changes in the analysis period. Customers are looking for transportation solutions with high durability, as the economic crunch across the globe has trigger the need for smart purchase. Automotive OEMs after coating provide greater strength to them. Thus, increase in the demand for vehicles produced with coated Automotive OEM can support the rise of the market through the review period. The advent of latest coating technologies is observed to improve coating formulation and application that can favor the Automotive OEM Market in the analysis period. By 2025, the Automotive OEM Coating Market can thrive as the demand for well-built vehicles surge to prevent road accidents. On the contrary, travel restrictions in the pandemic can hinder the market. However, as the pandemic abates, the Automotive OEM Coatings Market Growth can gain momentum.

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Competitive Analysis:

Nippon Paints Holdings Co., Ltd (Japan), KCC Corporation (South Korea), Berger Paints India Ltd (India), Covestro AG (Germany), PPG Industries Inc (US), Axalta Coating Systems Ltd (US), BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), Kansai Paint Co., Ltd (Japan), The Lubrizol Corporation (US), The Sherwin-Williams Company (US), and Esdee Paints Ltd (India) are some renowned companies in the Automotive OEM Coatings Market that are listed by MRFR. =

Segmental Analysis:

The Segment Assessment of the Global Automotive OEM Coatings Market is done by end-Use Industry, and Application.

The Product Type-Based Segments of the Global Automotive OEM Coatings Market are basecoat, clearcoat, E-coat, and primer among others. The clearcoat segment can secure the largest market as large-scale consumption of clearcoat is noted. The segment can surge at the highest CAGR through the study period.

The Resin-Based Segments of the Global Automotive OEM Coatings Market are acrylic, polyurethane, alkyd, and epoxy among others. The polyurethane segment can hold the largest share of the global market by 2025. Superior performance of polyurethane over other type of resins can work in favor of the Automotive OEM Coating Market in the years to come.

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The Technology-Based Segments of the Global Automotive OEM Coatings Market are water-borne, solvent-borne, high solid coatings, UV cured, and powder coatings among others. The solvent-borne segment can surge as low cost and quick drying properties benefits of solvent-borne Automotive OEM Coatings are gaining high popularity among carmakers. The water-borne technology segment can register the highest CAGR in the forecast period.

The Application-Based Segments of the Global Automotive OEM Coatings Market are commercial vehicles, passenger cars, and two-wheeler among others. The passenger cars segment can dominate the worldwide Automotive OEM Coatings Market. The rise in preference for automotive coatings by owners of passenger car and rapid rise in sales of passenger car can favor the market growth in the near future.

Regional Analysis:

As per MRFR Regional Evaluation, the Global Automotive OEM Coatings Market in North America can rise at the highest CAGR across the forecast period. Europe market can earn high revenue and the market in APAC can win high profits in the analysis period. Latin America market can rise at a decent pace.

COVID-19 Study in Detail:

Corona virus Outbreak and Protective Fabrics Market @ https://www.marketresearchfuture.com/report/covid-19-impact-protective-fabrics-market

COVID-19 Impact on Polyvinyl Alcohol Market @ https://www.marketresearchfuture.com/report/covid-19-impact-polyvinyl-alcohol-market

COVID-19 Outbreak Impact on Renewable Chemicals Market @ https://www.marketresearchfuture.com/report/covid-19-impact-renewable-chemicals-market

NOTE: Our team of researchers is studying COVID-19 and its impact on various industry verticals and wherever required we will be considering COVID-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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