Automotive OEM Coatings Market in APAC to grow by USD 697.75 million from 2022 to 2027 | The availability of coatings designed for fuel-efficient automobiles drives the market - Technavio
NEW YORK, Aug. 29, 2023 /PRNewswire/ -- The automotive OEM coatings market in APAC size is expected to grow by USD 697.75 million from 2022 to 2027. The market's growth momentum will be progressing at a CAGR of 3.28%. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a free sample report
Automotive OEM coatings market in APAC – Company Analysis
Company Landscape - The global automotive OEM coatings market in APAC is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer automotive OEM coatings in APAC in the market are Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Color Communications LLC, Dai Nippon Toryo Co. Ltd., Grand Polycoats Co. Pvt. Ltd., Isamu Paint Co. Ltd., Jotun AS, Kansai Paint Co. Ltd., KCC Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., ROCK PAINT Co. Ltd., S.Coat Co. Ltd., Savita Paints Pvt. Ltd., Solvay SA, Tara Paints and Chemicals, The Sherwin Williams Co., Berger Paints India Ltd., and RPM International Inc. and others.
What's New? -
- Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
- Global competitiveness and key competitor positions
- Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!
Company Offerings -
- Akzo Nobel NV - The company offers automotive OEM coating solutions such as primer, basecoat, topcoat, and clearcoat.
- Axalta Coating Systems Ltd. - The company offers automotive OEM coating solutions such as 3-Wet system, Eco-Concept, and 2-Wet monocoat harmonized coating
- BASF SE, Color Communications LLC - The company offers automotive OEM coating solutions such as e-coat, primer, basecoat, and clearcoat.
- For details on the vendor and its offerings – Request a free sample report
Automotive OEM Coatings Market In APAC - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on technology (Water-borne, Solvent-borne, Powdered coatings, and UV-cured) and vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles).
For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a free Sample Report
Automotive OEM Coatings Market In APAC – Market Dynamics
Leading Drivers
The availability of coatings designed for fuel-efficient automobiles is notably driving the market growth. The numerous laws and regulations aimed at curbing carbon dioxide emissions from automobiles are on the upswing. The Kyoto Protocol imposes restrictions on carbon dioxide and other greenhouse gas emissions. As emission standards tighten, the demand for lightweight materials, notably plastics in paints, is growing. The versatile application of plastic-based paints across various automobile components can aid in meeting emission requirements and enhancing vehicle efficiency. The increased preference for new, efficient electric vehicles with zero carbon dioxide emissions has expanded the scope of the automotive OEM coatings market in APAC. Additionally, the introduction of photovoltaic coatings and paints contributes to improving the efficiency of electric vehicles. This surge in coatings tailored for fuel-efficient vehicles emerges as a pivotal factor driving the APAC automotive OEM coatings market. Such factors will positively impact the growth of the market during the forecast period.
Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a free sample report!
Gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Related Reports:
The Automotive Refinish Coatings Market size is estimated to grow at a CAGR of 4.34% between 2022 and 2027. The market size is forecast to increase by USD 2,428.29 million. This report extensively covers market segmentation by type (solvent-based coatings, water-based coatings, and others), application (passenger cars, light commercial vehicles, and heavy commercial vehicles), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The market is growing due to heightened R&D and innovation to cut cycle times.
The automotive OEM premium audio market share is expected to increase by USD 3.92 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.49%. This report extensively covers automotive OEM premium audio market segmentations by application (luxury vehicles and mid-size vehicles) and geography (Europe, North America, APAC, South America, and MEA). One of the key factors driving the automotive OEM premium audio market growth is the growing demand for differentiated in-car experiences.
Table of contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article