Original Equipment Manufacturer Coatings Market 2020 High growth in automotive OEM market are Impacting the Growth | Global Players- PPG Industries Inc., Akzo Nobel N.V., Axalta Coating Systems LLC
Original equipment manufacturer coatings market will grow at a rate of 4.48% for the forecast period of 2021 to 2028. High growth in automotive OEM market is a vital factor driving the growth of original equipment manufacturer coatings market.
OEM coatings can be defined as the coatings that are used in the process/application on the substrate or material while integrating other companies’ products. These coatings are essentially used by the paint applying companies for surface curing and then the paint is applied on the particular substrate or metal, which is then sold forward.
Rising technological advancements in OEM coatings is the vital factor escalating the market growth, also rising significant amount of demand from the automobile and transportation industry, increasing developments and advancements in the market of OEM coatings, growing need from consumers and thereby increasing vehicle production, rising industrialization increasing the demand for light commercial vehicles, increasing disposable incomes, increase in the public transportation expenditure and rising adaption of the automotive coating by end-users are the major factors among others driving the original equipment manufacturer coatings market. Moreover, rising development of faster curing and low VOC emitting coatings, rising technological advancements and increasing modernization and increasing research and development activities in the market will further create new opportunities for the original equipment manufacturer coatings market in the forecast period of 2021- 2028.
However, increase amounts of VOC emissions during the production process and high amounts of VOC contents in the product and increasing regulations by the authorities regarding the VOC emissions have induced technological advancements, through which the need for coatings is declining due to the introduction of coating-free surfaces & substrates are the major factors among others acting as restraints, while rising development of coating-free surfaces will further challenge the growth of original equipment manufacturer coatings market in the forecast period mentioned above.
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The Original Equipment Manufacturer Coatings Market competitive landscape provides details by competitor. Details included are organization overview, company financials, revenue generated, Industry potential, investment in research and development, new Original Equipment Manufacturer Coatings Market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to Original Equipment Manufacturer Coatings Market.
Major Market Manufacturers Covered In The Original Equipment Manufacturer Coatings Market Are:
The major players covered in the original equipment manufacturer coatings market report are PPG Industries Inc., Akzo Nobel N.V., Axalta Coating Systems LLC, The Sherwin-Williams Company, The Valspar Corporation, Jotun, 3M, BASF SE, Nippon Paint Holdings Co. Ltd., Kansai Paint Co.Ltd., Henkel Adhesives Technologies India Private Limited, Merck KGaA, Berger Paints India Limited, Sika AG, National Paints Factories Co. Ltd., HEMPEL A/S, DAW SE, KCC CORPORATION, Chugoku Marine Paints Ltd., Beckers Group, Carboline Company, SK Kaken Co. Ltd., and SHAWCOR among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Asia-Pacific dominates the original equipment manufacturer coatings market due to increase in demand from the automotive industry, increasing significant amount of demand from the automobile and transportation industry, increasing developments and advancements in the market of OEM coatings, growing need from consumers and thereby increasing vehicle production and rising industrialization increasing the demand for light commercial vehicles in this region.
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How will this Market Intelligence Report Benefit You?
1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2027.
2. Exclusive insight into the key trends affecting the Original Equipment Manufacturer Coatings’ industry, although key threats, opportunities and disruptive technologies that could shape the Global Original Equipment Manufacturer Coatings’ market supply and demand.
3. The report tracks the leading Market players that will shape and impact the Global Original Equipment Manufacturer Coatings’ Market most.
4. The data analysis present in the Original Equipment Manufacturer Coatings’ Market report is based on the combination of both primary and secondary resources.
5. The report helps you to understand the real effects of key Market drivers or retainers on Original Equipment Manufacturer Coatings’ Market business.
Global Original Equipment Manufacturer Coatings Market Scope and Market Size
Original equipment manufacturer coatings market is segmented on the basis of type, layer, vehicle type and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
• Based on type, the original equipment manufacturer coatings market is segmented into waterborne, solvent-borne, powdered and others.
• Based on layer, the original equipment manufacturer coatings market is segmented into basecoat, clearcoat, electrocoat and primer.
• On the basis of vehicle type, the original equipment manufacturer coatings market is segmented into heavy commercial vehicles (HCV), light commercial vehicles (LCV), passenger cars and others.
• The original equipment manufacturer coatings market is also segmented on the basis of end-use industry into transportation, consumer products and heavy equipment & machinery.
Based on regions, the Original Equipment Manufacturer Coatings Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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The report covers major aspects:
• Various economic factors that are significant in determining the Original Equipment Manufacturer Coatings Market trend, buying decisions and Market attractiveness are being analysed for Market estimation and forecasting.
• The analysis will support stakeholders such as manufacturers and distributors in identifying and capturing Markets with high potential.
• The study also discusses various environmental and regulatory factors critical for the Original Equipment Manufacturer Coatings Market growth.
Strategic Points Covered in Table of Content of Global Original Equipment Manufacturer Coatings Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope Original Equipment Manufacturer Coatings Market
Chapter 2: Exclusive Summary – the basic information of Original Equipment Manufacturer Coatings Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Analytical Standards
Chapter 4: Presenting Original Equipment Manufacturer Coatings Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of Original Equipment Manufacturer Coatings Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Customization of the Report:
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