openPR Logo
Press release

Technological Advancements Driving Automotive OEM Coatings Market

03-25-2020 08:42 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Technological Advancements Driving Automotive OEM Coatings

The global automotive original equipment manufacturers (OEM) coatings market attained a value of $10,997.4 million in 2018 and is predicted to reach a value of $13,661.4 million by 2024, registering a 4.2% CAGR during the forecast period (2019-2024). The market is growing because of the growth potential of automotive industry in emerging economies and technological advancements. Paints that are used on automobiles for protection and decoration purposes are referred to as automotive coatings. Automotive OEM coatings are used for providing a gleaming and durable finish to the automobiles.

Request to get the sample pages of the report: https://www.psmarketresearch.com/market-analysis/automotive-oem-coatings-market/report-sample

When technology is taken into consideration, the automotive OEM coatings market is divided into ultraviolet-cured coatings, water-borne coatings, powder coatings, and solvent-borne coatings. Among these, the solvent-borne coatings division dominated the market during the historical period (2014-2018) and is projected to contribute a revenue share of 43.8% in 2024. In terms of application, the market is divided into plastic parts and metal parts, between which, the metal parts category accounted for the largest share of the market during the historical period and is expected to retain its position during the forecast period.

A major trend being observed in the automotive OEM coatings market is the development of powder coatings. Automobile manufacturers have started making use of powder coatings instead of liquid coatings because they emit zero or near zero volatile organic compounds. Apart from this, powder coatings have the ability to be utilized in the primer surface as well as the clearcoat coatings. The combination of powder and liquid coatings would enable clearcoat and basecoat to be applied in a single layer, which helps streamline the process. Attributed to these factors, different manufacturers are focusing on adopting powder coatings.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=automotive-oem-coatings-market

Recent Strategic Developments of Major Automotive OEM Coatings Market Players

In recent years, major players in the automotive OEM coatings market have taken several strategic measures such as product launches, mergers & acquisitions, and facility expansions to gain a competitive edge in the industry. For instance, in April 2019, PPG Industries Inc., completed its acquisition of automotive OEM coatings manufacturer, Germany based Hemmerlrath Lackfabrik GmbH. Additionally, with this acquisition, the company aimed to increase its market share in the European automotive OEM coatings market.

Moreover, in March 2019, HMG Paints Ltd, the U.K. based paint manufacturer announced the launch of commercial vehicle topcoat, Acrythane 4G which is a high gloss and high solids acrylic polyurethane coating, and developed to meet and exceed the stringent requirements of the commercial vehicle market.

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Technological Advancements Driving Automotive OEM Coatings Market here

News-ID: 1983231 • Views: 227

More Releases from P&S Intelligence

AI-Powered Storage Market Analysis by Trends, Size, Share, Growth Opportunities, …
The artificial intelligence (AI)-powered storage market growth thrives on the increasing adoption of data analytics to improve decision-making capabilities, burgeoning demand for AI in high-performance-computing data centers, mounting number of connected devices, surging use of cloud-enabled services by businesses to store their data on virtual servers, and soaring volume of data. Moreover, the rising number of government regulations and compliance rules related to data storage and protection will also facilitate
Laser Diode Market Size, Share, Scope and Comprehensive Analysis
Surging usage of laser diodes in the healthcare industry for damage prevention and better precision, large-scale adoption of these diodes in the industrial sector for efficient metal processing, and growing utilization of these diodes for manufacturing automotive headlamps are some of the major factors driving the expansion of the global laser diode market. Besides these, rapid technological advancements being made for providing greater precision and efficiency and the mushrooming usage
Marketing Automation Software Market Assessment Covering Growth Factors and Upco …
Marketing automation software learns from collected data, tracks customer shopping patterns, and makes decisions with minimal manual intervention. Additionally, the software uses individual profiles of customers and their online activities to recommend appropriate services and products to them. These capabilities help businesses in increasing their engagement levels with consumers, fulfilling specific needs of customers, offering better customer support, and improving their business processes. Thus, the burgeoning need for personalized content
RPA Market Analysis by Industry Segments, Share, Application, Development, Growi …
The global robotic process automation market generated a revenue of $2,078.3 million in 2020, and it is predicted to reach a value of $45,982.0 million by 2030, owing to the growing requirement for higher business efficiency and the ability of robotic process automation solutions to provide improved customer experience and increase the ease of handling various business processes. In addition, the surging need for virtual workforces is also expected to

All 5 Releases


More Releases for OEM

UniStrong Is Now a 42Gears OEM Partner
42Gears Mobility Systems, a leading Unified Endpoint Management (UEM) player announces that it has onboarded UniStrong as an OEM partner. UniStrong is a renowned provider of high-precision products, rugged devices and services for the Global Geospatial Industry. The partnership will help UniStrong integrate their rugged devices with 42Gears’s suite of products to deliver best-in-class mobility management ready rugged computing solutions. UniStrong rugged devices are routinely used in the GIS,
Humidity Measurement Module for OEM Applications
The EE1900 humidity module from E+E Elektronik is optimised for the measurement of relative humidity (RH) or dew point temperature (Td) in climate and test chambers. With outstanding temperature compensation across the working range from -70 °C to 180 °C (-94 °F to 356 °F) and the choice of stainless steel and plastic probes, the module is suitable for a wide range of applications. High Accuracy in Harsh Environment The excellent
Global OEM Insulation Market Analysis with Trends and Operational Strategies
Qyresearchreports include new market research report Global OEM Insulation Market Research Report 2018 to its huge collection of research reports. In this report, the global OEM Insulation market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. The global OEM Insulation market is expanding on account of various factors which
Unicon Software and VXL Instruments signing OEM-partnership agreement
The German company Unicon Software welcomes VXL Instruments as its latest OEM-partner. Unicon’s software solutions eLux and Scout Enterprise will now also be available as built-in version especially on VXL’s D- and MD-series. VXL Instruments was established in 1976 and is a global leader in cloud computing access devices such as Thin Clients. Through technology partnerships with Citrix or VMware, VXL is committed to deliver innovative solutions to its customers. VXL’s
Adyton Systems announces OEM partnership with Symantec
Adyton Systems strengthens its next-generation firewall with the integration of Symantecs’ RuleSpace in its security application. Leipzig, Germany, July 3, 2012. Adyton Systems announced a new global OEM partnership with Symantec. This will enable Adyton Systems to equip its next-generation firewall NETWORK PROTECTOR with additional functionality for Internet security. Using Symantec’s URL filter RuleSpace, Internet content will be scanned and compared against the RuleSpace database. This allows suspicious websites to be
ClariView an OEM Digital Signage Provider.
ClariView Digital signage products are known in their own right, but as an ever changing economies demands change we have commenced to OEM for companies wishing to break into the digital signage sector. Designing and manufacturing unique displays to company specification and requirements with a guarantee of these OEM products not being sold on the market by any other company. Effectively giving any company wishing to break into the digital