openPR Logo
Press release

Boom Predicted in Asia-Pacific Automotive OEM Coatings Market in Near Future

11-18-2021 07:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Boom Predicted in Asia-Pacific Automotive OEM Coatings Market

Owing to the surging manufacturing and sales of automobiles, especially in the Asia-Pacific (APAC) region, the global automotive original equipment manufacturer (OEM) coatings market generated a revenue of $10,997.4 million in 2018. Moreover, the market value is expected to surge to $13,661.4 million by 2024, while the market will demonstrate a CAGR of 4.2% from 2019 to 2024 (forecast period), as per the estimates of the market research firm, P&S Intelligence. According to the India Brand Equity Foundation (IBEF), the automotive industry in India will reach a value of Rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026.

Request for sample copy of this report: https://www.psmarketresearch.com/market-analysis/automotive-oem-coatings-market/report-sample

Besides, the APAC region is witnessing rapid technological advancements and innovations in automotive OEM coatings, which is also fueling the expansion of the automotive OEM coatings market. Many coating producing companies are increasingly focusing on developing novel technologies, processes, and products in order to meet the rising demands of automobile manufacturers. Additionally, the demand for coatings that provide greater functionality, regulatory compliance, low maintenance costs, and reduced emissions is surging among end users.

The market is also categorized, on the basis of technology, into solvent-borne coatings, water-borne coatings, UV-cured coatings, and powder coatings. Out of these, the solvent-borne coatings category contributed the highest revenue to the market in 2018, and this trend is expected to continue throughout the forecast period as well. However, in the coming years, the requirement for water-borne coatings will surge sharply, primarily because of the increasing implementation of strict regulations and rising environmental concerns regarding the emission of volatile organic compounds (VOCs). Geographically, the Asia-Pacific (APAC) region is expected to dominate the automotive OEM coatings market during the forecast period.

Browse full report at: https://www.psmarketresearch.com/market-analysis/automotive-oem-coatings-market

This is attributed to the surging automobile production in regional countries, such as India, Indonesia, and China. China was the second-largest manufacturer of two-wheelers and the largest manufacturer of commercial vehicles and passenger cars in the world, as of 2019. Moreover, the country witnessed the sales of 15.5 million two-wheelers during that year and this number is predicted to rise sharply in the coming years, on account of the growing popularity of electric vehicles in the country. This will subsequently propel the demand for automotive OEM coatings in the country in the future.

Hence, it is safe to say that the market will advance rapidly in the coming years, mainly because of the mushrooming manufacturing and sales of automobiles all over the world.

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow Us: https://www.linkedin.com/company/pnsintelligence/

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 Boom Predicted in Asia-Pacific Automotive OEM Coatings Market in Near Future here

News-ID: 2466161 • Views:

More Releases from P&S Intelligence

U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
According to the latest market research study published by P&S Intelligence, the U.S. Environmental, Social, and Governance (ESG) investments market is experiencing a significant surge, with projections indicating an increase from $6.5 trillion in 2024 to an estimated $16.0 trillion by 2032. This represents a robust compound annual growth rate (CAGR) of 12.1% over the forecast period. According to a comprehensive analysis by P&S Intelligence, the market's expansion is driven
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sectors
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sec …
According to the latest market research study published by P&S Intelligence, the U.K. facility management market is poised for significant growth, with projected revenues reaching USD 2,743.3 million in 2024 and expected to soar to USD 6,038.4 million by 2030, reflecting a robust CAGR of 14.1% during the forecast period. This expansion is fueled by a surge in demand across both public and private sectors. According to the RICS U.K.
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by Omnichannel Integration
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by O …
According to the latest market research study published by P&S Intelligence, the U.S. point-of-sale (POS) software market, valued at USD 4.7 billion in 2024, is poised for significant growth over the coming years, with projections estimating it will reach USD 9.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to rapid technological advancements, a surge in mobile and cloud-based POS systems,
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, and Growth Opportunities
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, an …
According to the latest market research study published by P&S Intelligence, the global industrial starches market is poised for significant growth, with a projected increase from USD 110.3 billion in 2024 to USD 169.9 billion by 2030, at a robust compound annual growth rate (CAGR) of 7.5%. Industrial starches play a crucial role in diverse sectors, including food, pharmaceuticals, and paper, driven by their unique properties such as stabilizing, thickening,

All 4 Releases


More Releases for OEM

Revolutionizing OEM Coatings With Sustainable Solutions Trend: A Crucial Influen …
Which drivers are expected to have the greatest impact on the over the oem coatings market's growth? The surge in requirements from final consumer industries is forecasted to boost the expansion of the OEM coatings market. These coatings, referred to as OEM, are utilized during the integration of other firms' products into the substrate process or application. They prove to be beneficial for a variety of end-user sectors, including automotive and
OEM Technology Partnerships Launches Brokerage Specializing in 100+ OEM Technolo …
San Francisco, California, USA - February 13, 2025 - OEM Technology Partnerships is thrilled to announce the launch of its specialized brokerage focused on connecting businesses with a comprehensive portfolio of over 100 Original Equipment Manufacturer (OEM) technologies. This new venture is poised to revolutionize how companies access and implement cutting-edge solutions across diverse industries. Leveraging deep industry expertise and a vast network of OEM partners, OEM Technology Partnerships offers a
OEM or ODM Watches? What's the Difference?
When searching for a watch manufacturer for your store or watch brand, you may come across the terms OEM and ODM. But do you truly understand the difference between them? In this article, we will delve into the distinctions between OEM and ODM watches to help you better grasp and choose the manufacturing service that suits your needs. Image: https://www.naviforce.com/uploads/15a6ba3911.png What's OEM / ODM Watches [https://www.naviforce.com/products/] OEM (Original Equipment Manufacturer) watches are produced
OEM Partnership with Extreme Networks
ComputerVault announces an OEM partnership with Extreme Networks and has certified its switches for use with ComputerVault enterprise software to deliver virtual desktop infrastructure (VDI). Extreme Networks industry leading switches deliver ComputerVault Virtual Desktops at faster than PC speeds in the LAN and WAN. “ComputerVault is very excited to work with Extreme Networks. Not only are their switches very reliable, but their exceptional performance guarantees a great user experience”, said Marc
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
Industrial Fasteners Market for Machinery OEM, Automotive OEM and Construction A …
The global industrial fasteners market is gaining momentum on the account of the rise in construction and maintenance activities across the globe. Increase in the demand for automobiles, specifically in emerging economies such as Brazil, China, and India is a significant factor contributing towards the growth of the global industrial fasteners market. The research report provides a complete picture of the global industrial fasteners market, analyzing all the crucial market