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OEM Coatings Market 2023 Share, Size, Future Demand, Global Research, Top Leading player, Emerging Trends, Region by Forecast to 2032
OEM Coatings Market
OEM Coatings Market Size, Growth Rate, And Forecast:
The global OEM coatings market size is expected to grow from $66.65 billion in 2022 to $71.06 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The OEM coatings market size is expected to grow to $89.03 billion in 2027 at a CAGR of 5.8%.
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OEM Coatings Market Drivers:
The increase in demand from end-use industries is expected to propel the growth of the OEM coatings market going forward.OEM coatings refer to the coatings that are used in the process or application on the substrate while integrating other companies' products. OEM coatings are helpful for various end-user industries, such as the automotive and consumer electronics industries, by lowering costs and enhancing performance, thus increasing demand for OEM coatings.
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OEM Coatings Market Segments:
1) By Types: Powder Coatings, Water-Borne Coatings, Solvent-Borne Coatings, Radiation Curable Coating
2) By Application: Automotive, Wood/ Non-Wood Furniture, Metal Building Finishes, Paper and Paperboard, Electrical Insulation, Other Applications
3) By End - Use: Transportation, Consumer Products, Heavy Equipments and Machinery, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the OEM Coatings market.
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OEM Coatings Market Key Players:
Major players in the OEM coatings market are PPG Industries Inc., Akzo Nobel N.V., The Sherwin-Williams Company, The Valspar Corporation, Axalta Coating Systems Ltd., Jotun, BASF SE, Nippon Paint Holdings Co. Ltd., Kansai Paint Co. Ltd., 3M Company, DuPont, Taralac, US Coatings, Allnex, and Reliable Paints.
The Business Research Company's "Global OEM Coatings Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The OEM Coatings Market Include:
1. OEM Coatings Market Executive Summary
2. OEM Coatings Market Segments
3. OEM Coatings Market Size And OEM Coatings Market Growth Rate
4. Key OEM Coatings Market Trends
5. Major OEM Coatings Market Drivers
……
25. Key Mergers And Acquisitions In The OEM Coatings Market
26. Top OEM Coatings Companies
27. OEM Coatings Market Opportunities And Strategies
28. OEM Coatings Market, Conclusions And Recommendations
29. Appendix
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