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 7.7% and 6.7% 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 environmental standards abiding to environmental norms. Market Segmentation 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.
Request for a free sample- https://www.nextmsc.com/automotive-oem-coatingsmarket/request-sample 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, wellestablished 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.