OEM Coatings Market to Grow at a CAGR of 4.98% from 2023 to 2030

The original equipment manufacturer (OEM) coatings market is expected to undergo a CAGR of 4.98% from 2023 to 2030.

Crafted through integrated approaches and leveraging cutting-edge technology, this Original Equipment Manufacturer (OEM) Coatings Market research report is designed to deliver optimal results to clients. The study of company profiles involves a comprehensive assessment, considering factors like company snapshots, geographical footprint, product portfolios, and recent advancements. Market drivers and restraints are meticulously examined, shedding light on the market's structural analysis. This comprehensive Original Equipment Manufacturer (OEM) Coatings Market research report serves as a gateway to in-depth market insights, encompassing all facets of the current and future market landscape. It aids customers in understanding the various factors influencing the market, including drivers and restraints, throughout the forecast period.

Encompassing a wide array of market parameters, this Original Equipment Manufacturer (OEM) Coatings Market research report covers market definition, currency and pricing, segmentation, market overview, premium insights, key findings, and detailed company profiles of key market players. The market overview section strategically analyzes drivers, restraints, opportunities, and challenges tailored to specific businesses. Additionally, the systemic company profiles featured in this Original Equipment Manufacturer (OEM) Coatings Market report elucidate recent developments, product launches, joint ventures, mergers, and acquisitions undertaken by prominent players and brands, providing a holistic understanding of the market's dynamic landscape.

Overview of Original Equipment Manufacturer | OEM Coatings Market:
Coatings are paints applied to coat the object's surface to protect object's surface and increase its aesthetic appearance. These are mainly waterborne, powdered, solvent-borne, and other types. These coatings and the growing durability of objects provide a high protection shield against intense ultraviolet exposure, extreme temperature ranges, acid rain, and other foreign particles.


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Dynamics Growth Drivers and Scope of Original Equipment Manufacturer | OEM Coatings Market
Growth Drivers:
Polyurethane coatings are maximum in demand because of their unique properties such as impact resistance, low odor, low-temperature flexibility, high tensile strength, chemical resistance, water resistance, mar-resistant, non-flammable, alkali resistant, as high elongation, U.V. resistance, abrasion resistance, highly compatible with acrylic emulsions, and low VOC's. As a result of all these properties, polyurethane coatings are used in numerous industries such as demand for the industrial, textile, electrical & electronics, and other automotive & transportation, aerospace, wood & furniture, and construction which are expected to drive the market growth rate in the forecast period.

Due to the growing environmental concerns, the significant growth in the automotive industry, along with the growing demand for energy-efficient mobility and commercial utility vehicles, is one of the major factors expected to drive the growth rate of the original equipment manufacturer (OEM) coatings market. In line with this, the increasing demand for eco-friendly and sustainable waterborne and solvent-borne coatings for painting numerous interior elements of the vehicle, such as meter clusters, steering wheels, door trim, instrument panels, speaker grills, and armrest bezels, will further drive market growth.


Scope:
The original equipment manufacturer (OEM) coatings market is segmented on the basis of formulation and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.



Regional Analysis/Insights of Original Equipment Manufacturer | OEM Coatings Market:
The original equipment manufacturer (OEM) coatings market is analyzed and market size insights and trends are provided by country, formulation and end-user as referenced above.

Asia -Pacific dominates the original equipment manufacturer (OEM) coatings market in terms of market share revenue due to rising automobile production, mainly in Japan and China. Furthermore, the increase in the sale of automobiles in the nations of Asia-Pacific owing to the increasing disposable income and changing lifestyles will also support the market's growth.

North America will expect to be the fastest-growing region during the forecast period of 2023-2030, owing to the increase in the population. Furthermore, the development of the construction industry in the region is further expected to propel the market's growth in the upcoming years.


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The major companies which are dealing in the Original Equipment Manufacturer | OEM Coatings Market:
Nippon Paint Holdings Co., Ltd. (Japan)
Kansai Paint Co., Ltd. (Japan)
Covestro AG (Germany)
KAPCI Coatings (India)
KCC Corporation (South Korea)
Bernardo Ecenarro S.A. (Spain)
SEM Products, Inc. (U.S.)
Sheboygan Paint Co (U.S.)
Cresta Paint Industries Ltd. (Africa)
Alps Coating Sdn. Bhd. (Malaysia)
NOROO Paint & Coatings Co., Ltd. (South Korea)
Koninklijke DSM N.V. (Netherlands)
WEG SA (Brazil)
The Lubrizol Corporation (U.S.)
HMG Paints Ltd (U.K.)
James Briggs Limited (U.K.)
Reichhold LLC (U.S.)
TOA Performance Coating Corporation CO., Ltd. (Thailand)
Yashm Paint & Resin Industries (Iran)
Allnex Group (Germany)
Samhwa Paints Industrial Co. Ltd (South Korea)
BASF SE (Germany)
Axalta Coating Systems, Ltd. (U.S.)
3M (U.S.)
AkzoNobel N.V. (Netherlands)
PPG Industries, Inc. (U.S.)
The Sherwin-Williams Company (U.S.)
Dow (U.S.)

Key Market Perspectives:
Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Original Equipment Manufacturer | OEM Coatings Market 's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
Insights into the industry landscape for emerging participants

Segmentation of Original Equipment Manufacturer | OEM Coatings Market:
By Formulation (Powder Coatings, Water-Borne Coatings, Solvent-Borne Coatings, Radiation Curable Coatings), End-User (Transportation, Consumer Products, Heavy Equipment and Machinery, Others)

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