Automotive OEM Coatings Market by Type, by Layer, by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Others - Global Opportunity Analysis and Industry Forecast, 2022

Description

The Global Automotive OEM Coatings Market size was valued to USD 7.23 billion in 2021, with a volumetric turn-over of 1706.9 kilotons; is predicted to garner USD 13.12 billion by 2030 with an expected volumetric turn-over of 2,864.1 kilotons, demonstrating a respective CAGR of 8.1% and 7.0% from 2022-2030.

Automotive OEM coatings are paints applied to coat the surface of automobiles for both protection of the vehicle surface as well as for enhancing its aesthetic appearance. These are majorly solvent-borne, waterborne, powdered, and of such other types. These coatings along with increasing the durability of vehicles, offer high protection shield against extreme temperature ranges, intense ultraviolet exposure, acid rain and other foreign particles. Due to stringent regulatory standards, the automotive OEM coatings are formulated as per the environment standards abiding to environmental norms.

Market Dynamics and Trends

The automotive OEM coatings market is gaining traction due to growing demand for commercial utility vehicles, higher inclination towards efficient transport, increased trend of possessing personal automotive transports especially in premium vehicles segment, as well as growing demands for passenger cars.

Besides, market trends such as, higher preferences towards light weight vehicles offering lower fuel-consumption and higher efficiency, plus growing demand for electric and hybrid vehicles offering lower carbon emissions, are expected to create new opportunities in the global automotive OEM coatings market throughout the forecast period.

However, high cost raw materials, strict environmental emission standards, and concerns related to use of solvent-borne automotive coatings that impose the risk of environmental hazard, are the factors responsible to impede the growth of global automotive OEM coatings market during the forecast period.

Moreover, investments in R&D activities for new production alternatives, strategic collaborations, and new product launches by market players, are to create lucrative opportunities in the global automotive OEM coatings market in future.

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.

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.

Competitive Landscape

Some of the major market players driving the automotive OEM coatings market are BASF SE, Axalta Coating Systems, PPG Industries, Kansai Paint, Nippon Paint, AkzoNobel, KCC Paint, Sherwin-Williams Company, Arkema SA and Bayer AG among others.

The prominent players have adopted product launches and collaborations as their key strategies to gain substantial share in the global automotive OEM coatings market.

For instance, in November 2019, AkzoNobel's new color collections helped turn the ordinary into the extraordinary. The color had taken on a new lease of life for customers of AkzoNobel's Powder Coatings, as well as Automotive and Specialty Coatings businesses following the launch of two hotly anticipated on-trend color collections.

In February 2020, one of the major market players of the global automotive OEM coatings market, Nippon Paint used its first-ever velocity system to paint the car in a single day, at one of its unit based in India. The car painted using Spray guns and Nax-Pro preparation; was polished and finalized using various finishing products. Nippon Paint augmented finishing solutions offer a complete range of paint, preparation, finishing and maintenance products.

KEY MARKET SEGMENTS:

Global Automotive OEM Coatings market - by Type

Solvent-Borne
Waterborne
Powdered
Others

Global Automotive OEM Coatings market - by Layer

Primer
Basecoat
Electrocoat
Clearcoat

Global Automotive OEM Coatings market - by Vehicle Type

Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
Others (Motorbikes)

Global Automotive OEM Coatings market -by Geography

North America
- U.S.
- Canada
- Mexico

Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe

Asia-Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia-Pacific

RoW
- Brazil
- KSA
- South Africa

Remaining Countries

1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. RESEARCH METHODOLOGY
- 1.2.1 SECONDARY RESEARCH
- 1.2.2 DATA ANALYSIS FRAMEWORK
- 1.2.3 MARKET SIZE ESTIMATION
- 1.2.4 FORECASTING
- 1.2.5 PRIMARY RESEARCH AND DATA VALIDATION

2. MARKET SNAPSHOT, 2019-2030 MILLION USD

2.1. MARKET SNAPSHOT

3. PORTER'S FIVE FORCE MODEL ANALYSIS

4. MARKET DYNAMICS

4.1. GROWTH DRIVERS
- 4.1.1 DRIVER 1
- 4.1.2 DRIVER 2
- 4.1.3 DRIVER 3
- 4.1.4 DRIVER 4
4.2. CHALLENGES
- 4.2.1 CHALLENGE 1
- 4.2.2 CHALLENGE 2
4.3. OPPORTUNITIES
- 4.3.1 OPPORTUNITY 1
- 4.3.2 OPPORTUNITY 2

5. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY TYPE

5.1. OVERVIEW
5.2. SOLVENT BORNE
- 5.2.1 SOLVENT BORNE MARKET, BY REGION
  - 5.2.1.1 North America Solvent Borne Market, By Country
  - 5.2.1.2 Europe Solvent Borne Market, By Country
  - 5.2.1.3 Asia-Pacific Solvent Borne Market, By Country
  - 5.2.1.4 Rest of World Solvent Borne Market, By Country
5.3. WATER BORNE
- 5.3.1 WATER BORNE MARKET, BY REGION
  - 5.3.1.1 North America Water Borne Market, By Country
  - 5.3.1.2 Europe Water Borne Market, By Country
  - 5.3.1.3 Asia-Pacific Water Borne Market, By Country
  - 5.3.1.4 Rest of World Water Borne Market, By Country
5.4. POWDERED
- 5.4.1 POWDERED MARKET, BY REGION
  - 5.4.1.1 North America Powdered Market, By Country
  - 5.4.1.2 Europe Powdered Market, By Country
  - 5.4.1.3 Asia-Pacific Powdered Market, By Country
  - 5.4.1.4 Rest of World Powdered Market, By Country
5.5. OTHERS
- 5.5.1 OTHERS MARKET, BY REGION
  - 5.5.1.1 North America Others Market, By Country
  - 5.5.1.2 Europe Others Market, By Country
  - 5.5.1.3 Asia-Pacific Others Market, By Country
  - 5.5.1.4 Rest of World Others Market, By Country

6. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY LAYER

6.1. OVERVIEW
6.2. PRIMER
- 6.2.1 PRIMER MARKET, BY REGION
  - 6.2.1.1 North America Primer Market, By Country
  - 6.2.1.2 Europe Primer Market, By Country
  - 6.2.1.3 Asia-Pacific Primer Market, By Country
  - 6.2.1.4 Rest of World Primer Market, By Country
6.3. BASECOAT
- 6.3.1 BASECOAT MARKET, BY REGION
  - 6.3.1.1 North America Basecoat Market, By Country
  - 6.3.1.2 Europe Basecoat Market, By Country
  - 6.3.1.3 Asia-Pacific Basecoat Market, By Country
  - 6.3.1.4 Rest of World Basecoat Market, By Country
6.4. ELECTROCOAT
- 6.4.1 ELECTROCOAT MARKET, BY REGION
  - 6.4.1.1 North America Electrocoat Market, By Country
  - 6.4.1.2 Europe Electrocoat Market, By Country
  - 6.4.1.3 Asia-Pacific Electrocoat Market, By Country
  - 6.4.1.4 Rest of World Electrocoat Market, By Country
6.5. CLEARCOAT
- 6.5.1 CLEARCOAT MARKET, BY REGION
  - 6.5.1.1 North America Clearcoat Market, By Country
  - 6.5.1.2 Europe Clearcoat Market, By Country
  - 6.5.1.3 Asia-Pacific Clearcoat Market, By Country
  - 6.5.1.4 Rest of World Clearcoat Market, By Country

7. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY VEHICLE TYPE

7.1. OVERVIEW
7.2. PASSENGERS CARS
- 7.2.1 PASSENGERS CARS MARKET, BY REGION
  - 7.2.1.1 North America Passengers Cars Market, By Country
  - 7.2.1.2 Europe Passengers Cars Market, By Country
  - 7.2.1.3 Asia-Pacific Passengers Cars Market, By Country
  - 7.2.1.4 Rest of World Passengers Cars Market, By Country
7.3. LIGHT COMMERCIAL VEHICLES
- 7.3.1 LIGHT COMMERCIAL VEHICLES MARKET, BY REGION
  - 7.3.1.1 North America Light Commercial Vehicles Market, By Country
  - 7.3.1.2 Europe Light Commercial Vehicles Market, By Country
  - 7.3.1.3 Asia-Pacific Light Commercial Vehicles Market, By Country
  - 7.3.1.4 Rest of World Light Commercial Vehicles Market, By Country
7.4. HEAVY COMMERCIAL VEHICLES
- 7.4.1 HEAVY COMMERCIAL VEHICLES MARKET, BY REGION
  - 7.4.1.1 North America Heavy Commercial vehicles Market, By Country
  - 7.4.1.2 Europe Heavy Commercial vehicles Market, By Country
  - 7.4.1.3 Asia-Pacific Heavy Commercial vehicles Market, By Country
  - 7.4.1.4 Rest of World Heavy Commercial vehicles Market, By Country
7.5. OTHER VEHICLES
- 7.5.1 OTHER VEHICLES MARKET, BY REGION
  - 7.5.1.1 North America Other Vehicles Market, By Country
  - 7.5.1.2 Europe Other Vehicles Market, By Country
  - 7.5.1.3 Asia-Pacific Other Vehicles Market, By Country
  - 7.5.1.4 Rest of World Other Vehicles Market, By Country

8. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY REGION

8.1. OVERVIEW
8.2. NORTH AMERICA
- 8.2.1 NORTH AMERICA AUTOMOTIVE OEM COATINGS MARKET, BY TYPE
- 8.2.2 NORTH AMERICA AUTOMOTIVE OEM COATINGS MARKET, BY LAYER
- 8.2.3 NORTH AMERICA AUTOMOTIVE OEM COATINGS MARKET, BY VEHICLE TYPE
- 8.2.4 NORTH AMERICA AUTOMOTIVE OEM COATINGS, MARKET BY COUNTRY
  - 8.2.4.1 U.S.
    - 8.2.4.1.1 U.S. Automotive OEM Coatings Market, By Type
    - 8.2.4.1.2 U.S. Automotive OEM Coatings Market, By Layer
    - 8.2.4.1.3 U.S. Automotive OEM Coatings Market, By Vehicle Type
  - 8.2.4.2 Canada
    - 8.2.4.2.1 Canada Automotive OEM Coatings Market, By Type
    - 8.2.4.2.2 Canada Automotive OEM Coatings Market, By Layer
    - 8.2.4.2.3 Canada Automotive OEM Coatings Market, By Vehicle Type
  - 8.2.4.3 Mexico
    - 8.2.4.3.1 Mexico Automotive OEM Coatings Market, By Type
    - 8.2.4.3.2 Mexico Automotive OEM Coatings Market, By Layer
    - 8.2.4.3.3 Mexico Automotive OEM Coatings Market, By Vehicle Type
8.3. EUROPE
- 8.3.1 EUROPE AUTOMOTIVE OEM COATINGS MARKET, BY TYPE
- 8.3.2 EUROPE AUTOMOTIVE OEM COATINGS MARKET, BY LAYER
- 8.3.3 EUROPE AUTOMOTIVE OEM COATINGS MARKET, BY VEHICLE TYPE
- 8.3.4 EUROPE AUTOMOTIVE OEM COATINGS, MARKET BY COUNTRY
  - 8.3.4.1 UK
    - 8.3.4.1.1 UK Automotive OEM Coatings Market, By Type
    - 8.3.4.1.2 UK Automotive OEM Coatings Market, By Layer
    - 8.3.4.1.3 UK Automotive OEM Coatings Market, By Vehicle Type
  - 8.3.4.2 Germany
    - 8.3.4.2.1 Germany Automotive OEM Coatings Market, By Type
    - 8.3.4.2.2 Germany Automotive OEM Coatings Market, By Layer
    - 8.3.4.2.3 Germany Automotive OEM Coatings Market, By Vehicle Type
    - 8.3.4.2.4 France Automotive OEM Coatings Market, By Type
    - 8.3.4.2.5 France Automotive OEM Coatings Market, By Layer
    - 8.3.4.2.6 France Automotive OEM Coatings Market, By Vehicle Type
  - 8.3.4.3 Spain
    - 8.3.4.3.1 Spain Automotive OEM Coatings Market, By Type
    - 8.3.4.3.2 Spain Automotive OEM Coatings Market, By Layer
    - 8.3.4.3.3 Spain Automotive OEM Coatings Market, By Vehicle Type
  - 8.3.4.4 Italy
    - 8.3.4.4.1 Italy Automotive OEM Coatings Market, By Type
    - 8.3.4.4.2 Italy Automotive OEM Coatings Market, By Layer
    - 8.3.4.4.3 Italy Automotive OEM Coatings Market, By Vehicle Type
  - 8.3.4.5 Netherlands
    - 8.3.4.5.1 Netherlands Automotive OEM Coatings Market, By Type
    - 8.3.4.5.2 Netherlands Automotive OEM Coatings Market, By Layer
    - 8.3.4.5.3 Netherlands Automotive OEM Coatings Market, By Vehicle Type
  - 8.3.4.6 Rest of Europe
    - 8.3.4.6.1 Rest of Europe Automotive OEM Coatings Market, By Type
    - 8.3.4.6.2 Rest of Europe Automotive OEM Coatings Market, By Layer
    - 8.3.4.6.3 Rest of Europe Automotive OEM Coatings Market, By Vehicle Type
8.4. ASIA-PACIFIC
- 8.4.1 ASIA-PACIFIC AUTOMOTIVE OEM COATINGS MARKET, BY TYPE
- 8.4.2 ASIA-PACIFIC AUTOMOTIVE OEM COATINGS MARKET, BY LAYER
- 8.4.3 ASIA-PACIFIC AUTOMOTIVE OEM COATINGS MARKET, BY VEHICLE TYPE
- 8.4.4 ASIA-PACIFIC AUTOMOTIVE OEM COATINGS, MARKET BY COUNTRY
  - 8.4.4.1 China
    - 8.4.4.1.1 China Automotive OEM Coatings Market, By Type
    - 8.4.4.1.2 China Automotive OEM Coatings Market, By Layer
    - 8.4.4.1.3 China Automotive OEM Coatings Market, By Vehicle Type
  - 8.4.4.2 Japan
    - 8.4.4.2.1 Japan Automotive OEM Coatings Market, By Type
    - 8.4.4.2.2 Japan Automotive OEM Coatings Market, By Layer
    - 8.4.4.2.3 Japan Automotive OEM Coatings Market, By Vehicle Type
    - 8.4.4.2.4 India Automotive OEM Coatings Market, By Type
    - 8.4.4.2.5 India Automotive OEM Coatings Market, By Layer
    - 8.4.4.2.6 India Automotive OEM Coatings Market, By Vehicle Type
  - 8.4.4.3 Australia
    - 8.4.4.3.1 Australia Automotive OEM Coatings Market, By Type
    - 8.4.4.3.2 Australia Automotive OEM Coatings Market, By Layer
    - 8.4.4.3.3 Australia Automotive OEM Coatings Market, By Vehicle Type
  - 8.4.4.4 South Korea
    - 8.4.4.4.1 South Korea Automotive OEM Coatings Market, By Type
    - 8.4.4.4.2 South Korea Automotive OEM Coatings Market, By Layer
    - 8.4.4.4.3 South Korea Automotive OEM Coatings Market, By Vehicle Type
  - 8.4.4.5 Rest of Asia-Pacific
    - 8.4.4.5.1 Rest of Asia-Pacific Automotive OEM Coatings Market, By Type
    - 8.4.4.5.2 Rest of Asia-Pacific Automotive OEM Coatings Market, By Layer
    - 8.4.4.5.3 Rest of Asia-Pacific Automotive OEM Coatings Market, By Vehicle Type
8.5. REST OF WORLD
- 8.5.1 REST OF WORLD AUTOMOTIVE OEM COATINGS MARKET, BY TYPE
- 8.5.2 REST OF WORLD AUTOMOTIVE OEM COATINGS MARKET, BY LAYER
- 8.5.3 REST OF WORLD AUTOMOTIVE OEM COATINGS MARKET, BY VEHICLE TYPE
- 8.5.4 REST OF WORLD AUTOMOTIVE OEM COATINGS, MARKET BY COUNTRY
  - 8.5.4.1 Latin America
    - 8.5.4.1.1 Latin America Automotive OEM Coatings Market, By Type
    - 8.5.4.1.2 Latin America Automotive OEM Coatings Market, By Layer
    - 8.5.4.1.3 Latin America Automotive OEM Coatings Market, By Vehicle Type
  - 8.5.4.2 Middle East
    - 8.5.4.2.1 Middle East Automotive OEM Coatings Market, By Type
    - 8.5.4.2.2 Middle East Automotive OEM Coatings Market, By Layer
    - 8.5.4.2.3 Middle East Automotive OEM Coatings Market, By Vehicle Type
  - 8.5.4.3 Africa
    - 8.5.4.3.1 Africa Automotive OEM Coatings Market, By Type
    - 8.5.4.3.2 Africa Automotive OEM Coatings Market, By Layer
    - 8.5.4.3.3 Africa Automotive OEM Coatings Market, By Vehicle Type

9. COMPANY PROFILES

9.1. BASF SE
- 9.1.1 COMPANY OVERVIEW
- 9.1.2 COMPANY SNAPSHOT
- 9.1.3 OPERATING BUSINESS SEGMENTS
- 9.1.4 PRODUCT PORTFOLIO
- 9.1.5 BUSINESS PERFORMANCE
- 9.1.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.2. AXALTA COATING SYSTEMS
- 9.2.1 COMPANY OVERVIEW
- 9.2.2 COMPANY SNAPSHOT
- 9.2.3 OPERATING BUSINESS SEGMENTS
- 9.2.4 PRODUCT PORTFOLIO
- 9.2.5 BUSINESS PERFORMANCE
- 9.2.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.3. PPG INDUSTRIES
- 9.3.1 COMPANY OVERVIEW
- 9.3.2 COMPANY SNAPSHOT
- 9.3.3 OPERATING BUSINESS SEGMENTS
- 9.3.4 PRODUCT PORTFOLIO
- 9.3.5 BUSINESS PERFORMANCE
- 9.3.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.4. KANSAI PAINT
- 9.4.1 COMPANY OVERVIEW
- 9.4.2 COMPANY SNAPSHOT
- 9.4.3 OPERATING BUSINESS SEGMENTS
- 9.4.4 PRODUCT PORTFOLIO
- 9.4.5 BUSINESS PERFORMANCE
- 9.4.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.5. NIPPON PAINT
- 9.5.1 COMPANY OVERVIEW
- 9.5.2 COMPANY SNAPSHOT
- 9.5.3 OPERATING BUSINESS SEGMENTS
- 9.5.4 PRODUCT PORTFOLIO
- 9.5.5 BUSINESS PERFORMANCE
- 9.5.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.6. AKZONOBEL
- 9.6.1 COMPANY OVERVIEW
- 9.6.2 COMPANY SNAPSHOT
- 9.6.3 OPERATING BUSINESS SEGMENTS
- 9.6.4 PRODUCT PORTFOLIO
- 9.6.5 BUSINESS PERFORMANCE
- 9.6.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.7. KCC PAINT
- 9.7.1 COMPANY OVERVIEW
- 9.7.2 COMPANY SNAPSHOT
- 9.7.3 OPERATING BUSINESS SEGMENTS
- 9.7.4 PRODUCT PORTFOLIO
- 9.7.5 BUSINESS PERFORMANCE
- 9.7.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.8. SHERWIN-WILLIAMS COMPANY
- 9.8.1 COMPANY OVERVIEW
- 9.8.2 COMPANY SNAPSHOT
- 9.8.3 OPERATING BUSINESS SEGMENTS
- 9.8.4 PRODUCT PORTFOLIO
- 9.8.5 BUSINESS PERFORMANCE
- 9.8.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.9. ARKEMA SA
- 9.9.1 COMPANY OVERVIEW
- 9.9.2 COMPANY SNAPSHOT
- 9.9.3 OPERATING BUSINESS SEGMENTS
- 9.9.4 PRODUCT PORTFOLIO
- 9.9.5 BUSINESS PERFORMANCE
- 9.9.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.10. BAYER AG
- 9.10.1 COMPANY OVERVIEW
- 9.10.2 COMPANY SNAPSHOT
- 9.10.3 OPERATING BUSINESS SEGMENTS
- 9.10.4 PRODUCT PORTFOLIO
- 9.10.5 BUSINESS PERFORMANCE
- 9.10.6 KEY STRATEGIC MOVES AND DEVELOPMENT

Automotive OEM Coatings Market by Type, by Layer, by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Others - Global Opportunity Analysis and Industry Forecast, 2022 - 2030