Press release
Automotive OEM Interior Coatings Market 2021 Through SWOT Analysis with Leading Players-The Sherwin-Williams Company, Akzo Nobel N.V., NB Coatings
Automotive OEM Interior Coatings Market by Component, Application, Services, and Region- Forecast to 2027The Automotive OEM Interior Coatings market is expected to reach USD 219.0 million by 2027 from USD 159.8 million in 2018, at a CAGR of 6.5%.
The Global Automotive OEM Interior Coatings Market Research Report 2021-2027 is a significant source of keen information for business specialist. A report published by Market Insights Reports is an overall investigation and thorough information in regards to the market size and market elements of the Automotive OEM Interior Coatings. It furnishes the business outline with development, historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the worth chain and its wholesaler examination. The Automotive OEM Interior Coatings market study gives extensive information which upgrades the agreement, degree, and use of this report. This is a latest report, covering the COVID-19 impact on the market.
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Top Companies in the Global Automotive OEM Interior Coatings Market are - The Sherwin-Williams Company, Akzo Nobel N.V., NB Coatings, and AXALTA COATING SYSTEMS LTD.
A sharp decrease in automotive production is expected to hinder the growth of the market studied.
- A rise in investment opportunities in the Middle-East and Africa is likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China, India, Japan, and South Korea.
Key Market Trends On Automotive OEM Interior Coatings Market-
Epoxy Resins Segment to Contribute Significant Demand to the Market
- Epoxy adhesives consist of an epoxy resin plus a hardener. They allow great versatility in formulation since there are many resins and many different hardeners.
- Epoxies have good strength, do not produce volatiles during curing, and have low shrinkage. They are available in one-part, two-part, and film form, and produce extremely strong, durable bonds with most materials.
- Additionally, they strengthen assemblies, join lightweight material, and enhance aesthetics to give car manufacturers a competitive advantage.
- They are employed in various applications, including panel assembly, door, flooring, and window applications.
- Epoxies are one of the most used adhesives in the automotive OEM interior industry. They exhibit excellent adhesion to glass, metal, plastic, rubber, and composite substrates.
- Some of its major applications in OEM interiors are interior display systems, seating, consoles, and airbag sealing, among others.
- All the above-aforementioned advantages are expected to boost the consumption of epoxy resins in the automotive OEM interior coatings market.
Regional Analysis On Automotive OEM Interior Coatings Market-
Asia-Pacific to Dominate the Market
- Asia-pacific is the largest market for automotive OEM interior coatings. Growth in the regional market is driven by the huge automotive production base coupled with increased investments in the Asia-pacific region, primarily from major economies, such as China, India, and ASEAN countries.
- India is a growing economy and holds great potential for future market opportunities. The countrys economy is expected to further grow in the coming years. Despite demonetization and GST reforms affecting the national production volume, the impact of these reforms is slowly waning. Moreover, the countrys government has been taking initiatives to attract FDI in the manufacturing sector, to make India a manufacturing hub.
- The Indian government has recently reduced customs duty on the import of components for electric vehicles from a range of 15-30% to 10-15% along with tax breaks and fiscal packages for automotive industry to fight the recent demand shocks and COVID-19 crisis.
The global automotive OEM interior coatings market is consolidated. The major companies include The Sherwin-Williams Company, Akzo Nobel N.V., NB Coatings, and AXALTA COATING SYSTEMS LTD., among others.
Prime Takeaways on Automotive OEM Interior Coatings Market Report:
Value chain analysis, which is combined with competitive landscape of key players of the Automotive OEM Interior Coatings market.
Market size and forecast of the Automotive OEM Interior Coatings market for the period from 2021 to 2027.
Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials.
CAGR% for individual segments in various regional markets for a period from 2021 to 2027.
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https://www.marketinsightsreports.com/reports/10192352692/automotive-oem-interior-coatings-market-growth-trends-and-forecast-2020-2025?Source=OpenPR&Mode=Alyssa
Geographic Coverage of Automotive OEM Interior Coatings Market Report-
The Automotive OEM Interior Coatings report contains detailed country-level analysis, market revenue, market value and forecast analysis of Automotive OEM Interior Coatings Market (2016-2027) of these regions are covered:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, etc.)
Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)
Reasons for purchasing this Report-
Market Research report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored in to ultimately get accurate results.
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