Automotive OEM Coatings Market Growth during 2021-2030 | Rise in Demand, Opportunities, Type, Future Analysis

The Global Automotive OEM Coatings Market size was valued to USD 7.93 billion in 2019, with a volumetric turn-over of 1,905 kilotons; is predicted to garner USD 13.12 billion by 2030 with an expected volumetric turn-over of 2,864 kilotons, demonstrating a respective CAGR of 4.6% and 3.7% from 2020-2030.

Automotive OEM coatings are paints applied to coat the surface of automobiles for both protection of the vehicle surface as well as for enhancing its aesthetic appearance. These are majorly solvent-borne, waterborne, powdered, and of such other types. These coatings along with increasing the durability of vehicles, offer high protection shield against extreme temperature ranges, intense ultraviolet exposure, acid rain and other foreign particles. Due to stringent regulatory standards, the automotive OEM coatings are formulated as per the environment standards abiding to environmental norms.

Access Full Description of this report at:-

https://www.nextmsc.com/report/architectural-coatings-market

Top Companies: BASF SE, Axalta Coating Systems, PPG Industries, Kansai Paint, Nippon Paint, AkzoNobel, KCC Paint, Sherwin-Williams Company, Arkema SA and Bayer AG and others.

Market Segmentations and Scope of the Study:

The global automotive OEM coatings market share analysis is based on type, layer, vehicle type and geography.

Based on type, the market is segmented into Solvent-Borne, Waterborne, Powdered, and Others. Based on layer, the market is fragmented into Primer, Basecoat, Electrocoat, and Clearcoat. Based on vehicle type, the market is divided into Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), and Others (Motorbikes). Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Request sample copy of this report at:-

https://www.nextmsc.com/architectural-coatings-market/request-sample

Geographical Analysis

North America region is expected to account for the major market share in the global automotive OEM coatings market, over the forecast period owing to the increased adoption of automotive OEM coatings. Furthermore, increase in technological advancements, well-established automotive infrastructures as well as higher adoption of electronic vehicles are to fuel-up the market growth in this region.

Asia-Pacific region dominated the global automotive OEM coatings market, and is expected to maintain its dominance throughout the forecast period, growing with the highest CAGR both by value and volume. This is attributable to increase in innovation and strategic collaboration among the market players as well as growing demand for commercial and light weight vehicles in this region.

Postal Address:
2/90/A, Azadgarh, Regent Park, Kolkata, West Bengal, India, 700040

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.