Automotive OEM Interior Coatings Market: By Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and Other); By Product Type (Epoxy, Polyurethane, Acrylic and Other), And Region – Global Analysis of Market Size, Share & Trends For 2021–2022 And Forecasts To 2032
Automotive OEM Interior Coatings Market: By Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and Other); By Product Type (Epoxy, Polyurethane, Acrylic and Other), And Region – Global Analysis of Market Size, Share & Trends For 2021–2022 And Forecasts T%li%2032
PRODUCT OVERVIEW
One of the most important parts of the automotive manufacturing industry is automotive OEM coatings. It serves the function of protection against the harsh environment. Automotive coatings are of the highest calibre and durability. Additionally, automotive coatings have excellent mechanical qualities t%li%protect cars from chemical exposure and scratches. Interior automobile coatings provide the surface an aesthetic boost and add tangible qualities t%li%exude comfort and luxury. The automotive coating is widely used in the automotive industry t%li%enhance the vehicle's appearance and performance. Water-based or solvent-based paints used t%li%coat the outside of cars are referred t%li%as automotive original equipment manufacturer (OEM) coatings. They help make cars more durable, make them seem better, and shield them from harsh weather, powerful ultraviolet (UV) rays, chemical stains, and acid rain.
MARKET HIGHLIGHTS
The Automotive OEM Interior Coatings Market is expected t%li%project a notable CAGR of 5.2% in 203
Automotive OEM Interior Coatings Market is expected t%li%surpass USD 5.10 billion by 2032 from USD 2.24 billion in 2021 at a CAGR of 5.2% in the coming years, i.e., 2022-32. Due t%li%rising per capita disposable income, particularly in Asia-developing Pacific's economies like China, India, and Thailand, consumers are becoming more and more interested in automotive coatings, which is boosting the region's automobile sales and fueling the expansion of the automotive OEM coatings market. Additionally, the market for automotive OEM coatings is expanding due t%li%the escalating competition among major automotive players. In addition, the development of eco-friendly coatings and waterborne UV-curved technologies is anticipated t%li%open up lucrative potential prospects for market participants.
AUTOMOTIVE OEM INTERIOR COATINGS MARKET: SEGMENTS
The Epoxy segment is expected t%li%grow with a higher CAGR during 2022-32
Automotive OEM Interior Coatings Market is categorized on the basis of Product Type int%li%Epoxy, Polyurethane, Acrylic and Other. Due t%li%its unique qualities and advantages over other types of resin, epoxy resin has the highest market share in the Automotive OEM Interior Coatings market as of 2021. This market is predicted t%li%expand over the coming years. It offers a wide range of qualities, including ease of processing, resistance t%li%corrosion, and decreased sensitivity t%li%heat, water, and other elements. Epoxy resins are als%li%easier t%li%produce, offer excellent adherence t%li%many types of fibres, high strength, high mechanical qualities, and are therefore perfect for usage in Automotive OEM Interior Coatings. Therefore, it is highly likely that each of these variables will accelerate market expansion in the next years. clarity, stability, and real-time tracking.
The Passenger cars segment is expected t%li%grow with a higher CAGR during 2022-32
Automotive OEM Interior Coatings Market is categorized on the basis of Application int%li%Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and Other. In 2021, the market for automotive OEM Interior Coatings has the highest demand for the passenger automobile sector. Different kinds of single- and multi-component, solvent-borne and aqueous coatings are used t%li%cover different substrates, like ABS and polycarbonate materials, in the interiors of passenger cars. They are used t%li%cover a variety of interior components, including steering wheels, door trim, handles, instrument panels, speaker grills, armrests and armrest bezels, centre clusters, metre clusters, and instrument panels. Compared t%li%the commercial and other vehicle segments, the demand for automotive OEM interior coatings from the passenger car segment is anticipated t%li%rise at a faster rate after the recovery because of the shift in mobility preferences for personal modes of transportation in the wake of social distancing policies.
MARKET DYNAMICS
Growth Drivers
Rising Need for High-Quality Paints and Increased Use of Technological Advancements Is Driving Growth
Increasing Demand for Commercial Utility Vehicles Is Expected T%li%Surge Demand
Restraint
Raw Material Price Volatility and Environmental Risks Is Likely T%li%Hamper The Market Growth
AUTOMOTIVE OEM INTERIOR COATINGS MARKET:
Key Players
Automotive OEM Interior Coatings Market Segments:
PRODUCT OVERVIEW
One of the most important parts of the automotive manufacturing industry is automotive OEM coatings. It serves the function of protection against the harsh environment. Automotive coatings are of the highest calibre and durability. Additionally, automotive coatings have excellent mechanical qualities t%li%protect cars from chemical exposure and scratches. Interior automobile coatings provide the surface an aesthetic boost and add tangible qualities t%li%exude comfort and luxury. The automotive coating is widely used in the automotive industry t%li%enhance the vehicle's appearance and performance. Water-based or solvent-based paints used t%li%coat the outside of cars are referred t%li%as automotive original equipment manufacturer (OEM) coatings. They help make cars more durable, make them seem better, and shield them from harsh weather, powerful ultraviolet (UV) rays, chemical stains, and acid rain.
MARKET HIGHLIGHTS
The Automotive OEM Interior Coatings Market is expected t%li%project a notable CAGR of 5.2% in 203
Automotive OEM Interior Coatings Market is expected t%li%surpass USD 5.10 billion by 2032 from USD 2.24 billion in 2021 at a CAGR of 5.2% in the coming years, i.e., 2022-32. Due t%li%rising per capita disposable income, particularly in Asia-developing Pacific's economies like China, India, and Thailand, consumers are becoming more and more interested in automotive coatings, which is boosting the region's automobile sales and fueling the expansion of the automotive OEM coatings market. Additionally, the market for automotive OEM coatings is expanding due t%li%the escalating competition among major automotive players. In addition, the development of eco-friendly coatings and waterborne UV-curved technologies is anticipated t%li%open up lucrative potential prospects for market participants.
AUTOMOTIVE OEM INTERIOR COATINGS MARKET: SEGMENTS
The Epoxy segment is expected t%li%grow with a higher CAGR during 2022-32
Automotive OEM Interior Coatings Market is categorized on the basis of Product Type int%li%Epoxy, Polyurethane, Acrylic and Other. Due t%li%its unique qualities and advantages over other types of resin, epoxy resin has the highest market share in the Automotive OEM Interior Coatings market as of 2021. This market is predicted t%li%expand over the coming years. It offers a wide range of qualities, including ease of processing, resistance t%li%corrosion, and decreased sensitivity t%li%heat, water, and other elements. Epoxy resins are als%li%easier t%li%produce, offer excellent adherence t%li%many types of fibres, high strength, high mechanical qualities, and are therefore perfect for usage in Automotive OEM Interior Coatings. Therefore, it is highly likely that each of these variables will accelerate market expansion in the next years. clarity, stability, and real-time tracking.
The Passenger cars segment is expected t%li%grow with a higher CAGR during 2022-32
Automotive OEM Interior Coatings Market is categorized on the basis of Application int%li%Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and Other. In 2021, the market for automotive OEM Interior Coatings has the highest demand for the passenger automobile sector. Different kinds of single- and multi-component, solvent-borne and aqueous coatings are used t%li%cover different substrates, like ABS and polycarbonate materials, in the interiors of passenger cars. They are used t%li%cover a variety of interior components, including steering wheels, door trim, handles, instrument panels, speaker grills, armrests and armrest bezels, centre clusters, metre clusters, and instrument panels. Compared t%li%the commercial and other vehicle segments, the demand for automotive OEM interior coatings from the passenger car segment is anticipated t%li%rise at a faster rate after the recovery because of the shift in mobility preferences for personal modes of transportation in the wake of social distancing policies.
MARKET DYNAMICS
Growth Drivers
Rising Need for High-Quality Paints and Increased Use of Technological Advancements Is Driving Growth
Increasing Demand for Commercial Utility Vehicles Is Expected T%li%Surge Demand
Restraint
Raw Material Price Volatility and Environmental Risks Is Likely T%li%Hamper The Market Growth
AUTOMOTIVE OEM INTERIOR COATINGS MARKET:
Key Players
- BASF SE
- Akz%li%Nobel N.V.
- Axalta Coating Systems
- Fujikura Kasei Co. Ltd
- Kansai Nerolac Paints Limited
- NB Coatings
- PPG Industries
- The Sherwin-Williams Company
- KCC Corporation
- Other Prominent Players
Automotive OEM Interior Coatings Market Segments:
- By Product Type
- Epoxy
- Polyurethane
- Acrylic
- Other
- By Application
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Other
- Automotive OEM Interior Coatings Market Dynamics
- Automotive OEM Interior Coatings Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Reasons t%li%Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2.Business Trends
1.3. Automotive OEM Interior Coatings Market: COVID-19 Outbreak
1.4.Regional Trends
1.5.Segmentation Snapshot
2.RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3.MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Automotive OEM Interior Coatings Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4.AUTOMOTIVE OEM INTERIOR COATINGS MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5.MACROECONOMIC INDICATORS
6.RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9.MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10.AUTOMOTIVE OEM INTERIOR COATINGS MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1.Market Size, Y-o-Y Growth (%) and Market Forecast
11.AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Product Type
11.3.1.1.Epoxy
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2.Market Share (%) 2022-2032F
11.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.2.Polyurethane
11.3.1.2.1.By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.3.Acrylic
11.3.1.3.1.By Value (USD Million) 2022-2032F
11.3.1.3.2.Market Share (%) 2022-2032F
11.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.4.Other
11.3.1.4.1.By Value (USD Million) 2022-2032F
11.3.1.4.2.Market Share (%) 2022-2032F
11.3.1.4.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.By Application
11.3.2.1.Passenger Cars
11.3.2.1.1.By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2.Light Commercial Vehicles
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2.Market Share (%) 2022-2032F
11.3.2.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.3.Heavy Commercial Vehicles
11.3.2.3.1.By Value (USD Million) 2022-2032F
11.3.2.3.2.Market Share (%) 2022-2032F
11.3.2.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.4.Other Sales Channels
11.3.2.4.1.By Value (USD Million) 2022-2032F
11.3.2.4.2.Market Share (%) 2022-2032F
11.3.2.4.3.Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Product Type
12.3.2.By Application
12.4. Country
12.4.1.United States
12.4.2.Canada
13.EUROPE AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Product Type
13.3.2.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4.Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1.By Product Type
14.3.2.By Application
14.4. By Country
14.4.1.India
14.4.2.China
14.4.3.South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Product Type
15.3.2.By Application
15.4. Country
15.4.1.Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4.South Africa
15.4.5.Rest of Middle East and Africa
16.LATIN AMERICA AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Product Type
16.3.2.By Application
16.4. Country
16.4.1.Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17.COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18.COMPANY PROFILES
18.1. BASF SE
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1 Product Portfolio
18.1.4.2 Key Clients
18.1.4.3 Market Share
18.1.4.4 Recent News & Development (Last 3 Yrs.)
18.1.4.5 Executive Team
18.2. Akzo Nobel N.V.
18.3. Axalta Coating Systems
18.4. Fujikura Kasei Co. Ltd
18.5. Kansai Nerolac Paints Limited
18.6. NB Coatings
18.7. PPG Industries
18.8. The Sherwin-Williams Company
18.9. KCC Corporation
18.10. Other Prominent Players
19.APPENDIX
20.CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2.Business Trends
1.3. Automotive OEM Interior Coatings Market: COVID-19 Outbreak
1.4.Regional Trends
1.5.Segmentation Snapshot
2.RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3.MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Automotive OEM Interior Coatings Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4.AUTOMOTIVE OEM INTERIOR COATINGS MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5.MACROECONOMIC INDICATORS
6.RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9.MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10.AUTOMOTIVE OEM INTERIOR COATINGS MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1.Market Size, Y-o-Y Growth (%) and Market Forecast
11.AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Product Type
11.3.1.1.Epoxy
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2.Market Share (%) 2022-2032F
11.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.2.Polyurethane
11.3.1.2.1.By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.3.Acrylic
11.3.1.3.1.By Value (USD Million) 2022-2032F
11.3.1.3.2.Market Share (%) 2022-2032F
11.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.4.Other
11.3.1.4.1.By Value (USD Million) 2022-2032F
11.3.1.4.2.Market Share (%) 2022-2032F
11.3.1.4.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.By Application
11.3.2.1.Passenger Cars
11.3.2.1.1.By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2.Light Commercial Vehicles
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2.Market Share (%) 2022-2032F
11.3.2.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.3.Heavy Commercial Vehicles
11.3.2.3.1.By Value (USD Million) 2022-2032F
11.3.2.3.2.Market Share (%) 2022-2032F
11.3.2.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.4.Other Sales Channels
11.3.2.4.1.By Value (USD Million) 2022-2032F
11.3.2.4.2.Market Share (%) 2022-2032F
11.3.2.4.3.Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Product Type
12.3.2.By Application
12.4. Country
12.4.1.United States
12.4.2.Canada
13.EUROPE AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Product Type
13.3.2.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4.Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1.By Product Type
14.3.2.By Application
14.4. By Country
14.4.1.India
14.4.2.China
14.4.3.South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Product Type
15.3.2.By Application
15.4. Country
15.4.1.Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4.South Africa
15.4.5.Rest of Middle East and Africa
16.LATIN AMERICA AUTOMOTIVE OEM INTERIOR COATINGS MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Product Type
16.3.2.By Application
16.4. Country
16.4.1.Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17.COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18.COMPANY PROFILES
18.1. BASF SE
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1 Product Portfolio
18.1.4.2 Key Clients
18.1.4.3 Market Share
18.1.4.4 Recent News & Development (Last 3 Yrs.)
18.1.4.5 Executive Team
18.2. Akzo Nobel N.V.
18.3. Axalta Coating Systems
18.4. Fujikura Kasei Co. Ltd
18.5. Kansai Nerolac Paints Limited
18.6. NB Coatings
18.7. PPG Industries
18.8. The Sherwin-Williams Company
18.9. KCC Corporation
18.10. Other Prominent Players
19.APPENDIX
20.CONSULTANT RECOMMENDATION
