OEM Coatings Market By Formulation (Liquid Based, Radiation Curable, Powder And Others), By Coating Type (Base Coat, Primer, Clear Coat And Electro Coat) By Substrate (Wood, Metal, Plastic And Others) And By Industry Vertical (Automotive, Furniture, Aeros
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Product Code:
RP-ID-10220898 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
186 -
Category:
Chemicals -
Publisher:
Pub-ID-41
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
Coatings are applied on substrates for protection and decoration purposes by Original Equipment Suppliers (OEM) by various industry verticals such as automotive, aerospace and packaging among others. Coatings are applied on substrates to prevent them from wear and tear along with rust and corrosion. In the recent times coatings are as less as 100µm thick and mostly moisture, dust and UV resistant. Earlier metallic coatings were used by the automotive industry rom tier 1 to tier 2 suppliers as well as OEMs, that constitute of lead and chromium among others. However, with rising awareness of toxic influence to employees with the emission of gasses from while using metal base coatings and other Volatile Organic Compounds (VOC), the market drifted towards the usage of water-based coatings. According to Insights and Reports the global OEM Coatings market is expected to reach approximately US$ 73 Bn by 2025 growing at a prime CAGR of 4.5%. This growth can be quantified by the application of coatings in the automotive industry and is expected to account for approximately 37% of the total market.
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Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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