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OEM Coatings Market By Formulation (Liquid Based, Radiation Curable, Powder And Others), By Coating Type (Base Coat, Primer, Clear Coat And Electro Coat) By Substrate (Wood, Metal, Plastic And Others) And By Industry Vertical (Automotive, Furniture, Aeros

07-23-2018 10:12 AM CET | Energy & Environment

Press release from: Insights and Reports

OEM Coatings Market By Formulation

OEM Coatings Market By Formulation

Coatings are applied on substrates for protection and decoration purposes by Original Equipment Suppliers (OEM) by various industry verticals such as automotive, aerospace and packaging among others. Coatings are applied on substrates to prevent them from wear and tear along with rust and corrosion. In the recent times coatings are as less as 100µm thick and mostly moisture, dust and UV resistant. Earlier metallic coatings were used by the automotive industry rom tier 1 to tier 2 suppliers as well as OEMs, that constitute of lead and chromium among others. However, with rising awareness of toxic influence to employees with the emission of gasses from while using metal base coatings and other Volatile Organic Compounds (VOC), the market drifted towards the usage of water-based coatings. According to Insights and Reports the global OEM Coatings market is expected to reach approximately US$ 73 Bn by 2025 growing at a prime CAGR of 4.5%. This growth can be quantified by the application of coatings in the automotive industry and is expected to account for approximately 37% of the total market.

Insights and Reports is a research and consulting group assisting the clients with 360-degree insights with real time qualitative and quantitative information. The Insights and Reports team is valued for continuous client-oriented services. Our data scientists monitor the markets pertaining to their expertise on a daily basis with the help of 150+ analysts to back them with accurate market studies. We are a team of data scientists, analysts, MBAs and engineers with domain expertise connected to the market experts operating globally to generate the in-depth real time insights. Our major clientele includes fortune 500 companies, start-ups, financial and non-financial institutions.

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