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OEM Coatings Market by Formulation, End-use Industry, and Region - Global Forecasts to 2022

OEM Coatings Market: Global Forecasts until 2022

  • June 2017
  • 174 pages
  • ID: 4959441
In this report:
According to the International Monetary Fund (IMF), Russia's GDP growth is projected to reach ##.##% by 2020.
According to the OICA publication (2016), Germany has the largest automotive market in Europe, which witnessed a growth of ##% from 2015 in terms of number of automobile sales.
New car sales are expected to rise by ##.##% annually, projected to cross the one million mark by 2020.

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"Expanded demand for OEM coatings from the transportation end-use sector is driving the rise of the OEM coatings market across the world."

The OEM coatings market is estimated to grow ~$69.3B by 2022, at a compound annual growth rate of 4.70 percent between 2017 and 2022. Growing demand for OEM coatings from the transportation end-use industry segment is the main driver for the increase ot the OEM coatings market. Nevertheless, the high content of volatile organic compounds in OEM coatings is the main restraint for the increase ot the OEM coatings market across the world. The OEM coatings market is anticipated to grow during the forecast period due to rising demand for OEM coatings from China (CN), India (IN), South Korea (KR), and rest of Asia-Pacific.

"The powder coatings formulation segment of the OEM coatings market is expected to increase at the maximal compound annual growth rate (CAGR) during the outlook period between 2017 and 2022."

The powder coatings formulation segment of the OEM coatings market is expected to rise at the highest CAGR (Compound annual growth rate) during the estimate period between 2017 and 2022. The increase of this segment can be connected to the increased use of powder coatings for steel parts as they are resistant to chemical and physical stress. These coatings are used in a number of markets as they not only protect OEM parts from corrosion but also add to their aesthetic value.

"The Asia-Pacific OEM coatings market is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period."

The Asia-Pac region is the biggest market for OEM coatings, globally. China (CN) is the leading market for OEM coatings in the Asia Pacific (APAC) area, due to the big base of the automotive and consumer products sectors in the territory. The growing demand for OEM coatings in China (CN) can be accredited to the increasing investments by the automotive manufacturers in the area, growing purchasing power of the masses, and initiatives undertaken by the government of China to boost the rise of different markets, including construction, automotive, and consumer goods & appliances in the area.

This analysis has been approved through primary Q&A managed with different market experts, globally. Those primary sources have been sliced into three class on the basis of the company type, description, and area.

• By Company category: Tier 1 - 42.0 percent, Tier 2 - 25.0 percent, and Tier 3 - 33.0 percent

• By Description: Sales Executives - 33.0 percent, Managers - 42.0 percent, and Researchers & Consultants - 25.0 percent

• By Area: Asia Pacific (APAC) - 58.0 percent, Middle East (ME) & African continent - 8.0 percent, Europe (EU) - 17.0 percent, and North America continent - 17.0 percent

The analysis also contains company descriptions and competitive landscape approved by the main market players, including PPG Industries (NYSE:PPG), Akzo Nobel (AMS:AKZA), Sherwin-Williams (NYSE:SHW), The Valspar Corporation, Axalta Coating Systems Ltd., Jotun, BASF SE, Nippon Paints Holdings Co., Limited, 3M Company (NYSE:MMM), and Kansai Paints Co., Limited, among others to enhance their rank in the OEM coatings market.

Segment Research

This market report classifies the OEM coatings market based on the formulation, end-use sector, and area. It forecasts revenue increase and includes an study of the trends in each of the submarkets. These segments have been further described in detail with their subsegments in the market research. The value and volume forecasts for these segments and sub-segments have also been provided in the industry report until 2022. The study also comprises company analysis and competitive landscape that have been adopted by the main players operating in the OEM coatings market.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized several levels of analyses - industry, market ranking of the top actors, and company descriptions. These insights together comprise and discuss the basic overviews on the competitive landscape, coming out and high-growth segments of the OEM coatings market, high-growth areas, and sector drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on the formulations of OEM coatings provided by the top market actors

• Product Development/Innovative products: In-depth understanding on the emerging technologies, analysis & growth activities, and recent product launches in the OEM coatings market

• Market Development: Highlighted information on the lucrative, emerging sectors as the market research examines the OEM coatings market across different areas

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the OEM coatings market

• opposing assessment: In-depth assessment of the strategies, products, and manufacturing competences of the key players in the OEM coatings market

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