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Automotive OEM Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 146 pages | ID: ADCDB1C57379EN
IMARC Group

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Market Overview:

The global automotive OEM coatings market size reached US$ 7.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.

Automotive original equipment manufacturer (OEM) coatings refer to water-based, or solvent-based paints, that are applied for coating the surface of automobiles. They aid in increasing the durability of vehicles, enhancing their aesthetics, and protecting against extreme temperature, intense ultraviolet (UV) radiations, chemical stains, and acid rain. On account of these properties, automotive OEM coatings are extensively employed on passenger, light commercial and heavy commercial vehicles. At present, these coatings are commercially available in varying types of resin forms, such as epoxy, acrylic and polyurethane.

Automotive OEM Coatings Market Trends:
The significant growth in the automotive sector, along with the increasing demand for commercial utility vehicles and energy-efficient mobility, due to the rising environmental concerns, is one of the prime factors driving the automotive OEM coatings market toward growth. In line with this, the extensive utilization of solvent- and water-borne coatings for painting various interior elements of the vehicle, such as meter clusters, instrument panels, speaker grills, steering wheels, door trim and armrest bezels is acting as another growth-inducing factor. The integration of these components with ultraviolet (UV)-curved technologies and eco-friendly coatings is aiding in eliminating the occurrence of volatile organic compounds (VOC), which is further propelling the market growth. Moreover, advancements in the automotive sector, along with the rising requirement for thinner film thickness, lower bake temperature and heavy-metal free formulations in the coating systems and processes are also catalyzing the market growth. Moreover, the shifting inclination of manufacturers from metals to plastic coatings on account of its durability, strength and chemical and corrosion resistance properties are contributing to the market growth. Other factors, such as strategic collaborations amongst key players and continuous investments in research and development (R&D) activities for launching novel product variants, are creating a positive outlook for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive OEM coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, layer, vehicle type and application.

Breakup by Type:

Solvent Borne
Waterborne
Powdered
Others

Breakup by Layer:

Primer
Basecoat
Electrocoat
Clearcoat

Breakup by Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others

Breakup by Application:

Interior
Exterior

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Arkema S.A., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Limited, Covestro AG, Kansai Paint Co. Ltd., KCC Corporation, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., The Lubrizol Corporation and The Sherwin-Williams Company.

Key Questions Answered in This Report:
How has the global automotive OEM coatings market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global automotive OEM coatings market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the layer?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global automotive OEM coatings market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL AUTOMOTIVE OEM COATINGS MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY TYPE

6.1Solvent Borne
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Waterborne
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Powdered
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY LAYER

7.1Primer
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Basecoat
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Electrocoat
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4Clearcoat
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY VEHICLE TYPE

8.1Passenger Cars
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Light Commercial Vehicles
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Heavy Commercial Vehicles
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4Others
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1Interior
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2Exterior
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
  15.3.1Akzo Nobel N.V.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2Arkema S.A.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3Axalta Coating Systems Ltd.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
    15.3.3.4 SWOT Analysis
  15.3.4BASF SE
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5Berger Paints India Limited
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6Covestro AG
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7Kansai Paint Co. Ltd.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8KCC Corporation
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
  15.3.9Nippon Paint Holdings Co. Ltd.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10PPG Industries Inc.
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11The Lubrizol Corporation
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 SWOT Analysis
  15.3.12The Sherwin-Williams Company
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
    15.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Automotive OEM Coatings Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Automotive OEM Coatings Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Automotive OEM Coatings Market Forecast: Breakup by Layer (in Million US$), 2023-2028
Table 4: Global: Automotive OEM Coatings Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 5: Global: Automotive OEM Coatings Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Automotive OEM Coatings Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Automotive OEM Coatings Market: Competitive Structure
Table 8: Global: Automotive OEM Coatings Market: Key Players

LIST OF FIGURES

Figure 1: Global: Automotive OEM Coatings Market: Major Drivers and Challenges
Figure 2: Global: Automotive OEM Coatings Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Automotive OEM Coatings Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Automotive OEM Coatings Market: Breakup by Type (in %), 2022
Figure 5: Global: Automotive OEM Coatings Market: Breakup by Layer (in %), 2022
Figure 6: Global: Automotive OEM Coatings Market: Breakup by Vehicle Type (in %), 2022
Figure 7: Global: Automotive OEM Coatings Market: Breakup by Application (in %), 2022
Figure 8: Global: Automotive OEM Coatings Market: Breakup by Region (in %), 2022
Figure 9: Global: Automotive OEM Coatings (Solvent Borne) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Automotive OEM Coatings (Solvent Borne) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Automotive OEM Coatings (Waterborne) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Automotive OEM Coatings (Waterborne) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Automotive OEM Coatings (Powdered) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Automotive OEM Coatings (Powdered) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Automotive OEM Coatings (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Automotive OEM Coatings (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Automotive OEM Coatings (Primer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Automotive OEM Coatings (Primer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Automotive OEM Coatings (Basecoat) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Automotive OEM Coatings (Basecoat) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Automotive OEM Coatings (Electrocoat) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Automotive OEM Coatings (Electrocoat) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Automotive OEM Coatings (Clearcoat) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Automotive OEM Coatings (Clearcoat) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Automotive OEM Coatings (Passenger Cars) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Automotive OEM Coatings (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Automotive OEM Coatings (Light Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Automotive OEM Coatings (Light Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Automotive OEM Coatings (Heavy Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Automotive OEM Coatings (Heavy Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Automotive OEM Coatings (Other Vehicle Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Automotive OEM Coatings (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Automotive OEM Coatings (Interior) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Automotive OEM Coatings (Interior) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Automotive OEM Coatings (Exterior) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Automotive OEM Coatings (Exterior) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United States: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia-Pacific: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia-Pacific: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: China: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Germany: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Latin America: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Latin America: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Brazil: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Middle East and Africa: Automotive OEM Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Middle East and Africa: Automotive OEM Coatings Market: Breakup by Country (in %), 2022
Figure 85: Middle East and Africa: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Global: Automotive OEM Coatings Industry: SWOT Analysis
Figure 87: Global: Automotive OEM Coatings Industry: Value Chain Analysis
Figure 88: Global: Automotive OEM Coatings Industry: Porter's Five Forces Analysis


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