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Automotive OEM Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global automotive OEM coatings market reached a value of US$ 7.13 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.3 Billion by 2027, exhibiting a CAGR of 4.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Layer, Vehicle Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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

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

    4.1    Overview
    4.2    Key Industry Trends
5    Global Automotive OEM Coatings Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Solvent Borne
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Waterborne
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Powdered
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Layer
    7.1    Primer
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Basecoat
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Electrocoat
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Clearcoat
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Vehicle Type
    8.1    Passenger Cars
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Light Commercial Vehicles
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Heavy Commercial Vehicles
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Application
    9.1    Interior
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Exterior
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North 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
    10.2    Asia-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
    10.3    Europe
        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
    10.4    Latin 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
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Akzo 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
        15.3.2    Arkema 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
        15.3.3    Axalta 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
        15.3.4    BASF SE
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Berger 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
        15.3.6    Covestro AG
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Kansai 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
        15.3.8    KCC Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
        15.3.9    Nippon 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
        15.3.10    PPG 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
        15.3.11    The Lubrizol Corporation
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 SWOT Analysis
        15.3.12    The 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 Figures

Figure 1: Global: Automotive OEM Coatings Market: Major Drivers and Challenges
Figure 2: Global: Automotive OEM Coatings Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Automotive OEM Coatings Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Automotive OEM Coatings Market: Breakup by Type (in %), 2021
Figure 5: Global: Automotive OEM Coatings Market: Breakup by Layer (in %), 2021
Figure 6: Global: Automotive OEM Coatings Market: Breakup by Vehicle Type (in %), 2021
Figure 7: Global: Automotive OEM Coatings Market: Breakup by Application (in %), 2021
Figure 8: Global: Automotive OEM Coatings Market: Breakup by Region (in %), 2021
Figure 9: Global: Automotive OEM Coatings (Solvent Borne) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Automotive OEM Coatings (Solvent Borne) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Automotive OEM Coatings (Waterborne) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Automotive OEM Coatings (Waterborne) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Automotive OEM Coatings (Powdered) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Automotive OEM Coatings (Powdered) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Automotive OEM Coatings (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Automotive OEM Coatings (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Automotive OEM Coatings (Primer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Automotive OEM Coatings (Primer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Automotive OEM Coatings (Basecoat) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Automotive OEM Coatings (Basecoat) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Automotive OEM Coatings (Electrocoat) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Automotive OEM Coatings (Electrocoat) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Automotive OEM Coatings (Clearcoat) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Automotive OEM Coatings (Clearcoat) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Automotive OEM Coatings (Passenger Cars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Automotive OEM Coatings (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Automotive OEM Coatings (Light Commercial Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Automotive OEM Coatings (Light Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Automotive OEM Coatings (Heavy Commercial Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Automotive OEM Coatings (Heavy Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Automotive OEM Coatings (Other Vehicle Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Automotive OEM Coatings (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Automotive OEM Coatings (Interior) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Automotive OEM Coatings (Interior) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Automotive OEM Coatings (Exterior) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Automotive OEM Coatings (Exterior) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Automotive OEM Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Automotive OEM Coatings Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Automotive OEM Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Automotive OEM Coatings Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automotive OEM Coatings Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Automotive OEM Coatings Market Forecast: Breakup by Layer (in Million US$), 2022-2027
Table 4: Global: Automotive OEM Coatings Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 5: Global: Automotive OEM Coatings Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Automotive OEM Coatings Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Automotive OEM Coatings Market: Competitive Structure
Table 8: Global: Automotive OEM Coatings Market: Key Players


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