Automotive OEM Coatings Market Growth during 2021-2030 | BASF SE, Axalta Coating Systems, PPG Industries

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.

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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.

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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.

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