OEM Coatings Market Dynamics 2021-2031
MARKET OVERVIEW
OEM (original equipment manufacturer) coatings are specially formulated industrial coatings that are used for protecting and enhancing the surfaces of various products and components. They are used in manufacturing to provide a durable and long-lasting protective layer. The end-users of OEM coatings include multiple industries such as automotive, aerospace, electronics, and construction. These coatings have excellent resistance to wear, corrosion, and environmental factors, making them ideal for use in harsh industrial environments. In terms of the future market, the demand for OEM coatings is expected to grow significantly due to the increasing need for durable and high-performance coatings in various industrial applications.
MARKET DYNAMICS
OEM coatings market will grow due to high demand intercalation OEM equipment from industries such as automotive, marine, heavy equipment and machinery, etc. Durable products are for longer consumer utility; thus, OEM coatings protect from product deterioration, which will further drive the growth of the OEM coatings market. Generally, OEM coatings content with high volatile organic compound (VOC) emission, which could hamper the growth of OEM coatings market. However, the development of low VOC emission will create opportunities for OEM coatings market.
MARKET SCOPE
The "OEM Coatings Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the OEM coatings market with detailed market segmentation by formulation, end-user industry, and region. The OEM coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading OEM coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The OEM coatings market is segmented on the basis of type, end-user industry. On the basis of formulation, the OEM coatings market is segmented into powder and high solid coatings, water-borne coatings, solvent-borne coatings, radiation curable coatings. On the basis of end-user industry, the OEM coatings market is segmented into transportation, consumer products, heavy equipment & machinery, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the OEM coatings market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The OEM coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the OEM coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the OEM coatings market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the OEM coatings market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The OEM coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the OEM coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the OEM coatings market in these regions.
MARKET PLAYERS
The reports cover key developments in the OEM coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from OEM coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for OEM coatings in the global market. Below mentioned is the list of few companies engaged in the OEM coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the OEM coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- Akzo Nobel N.V.
- Axalta Coatings Systems Ltd.
- BASF SE
- Jotun
- Kansai Paint Co., Ltd.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- The Valspar Corporation
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 OEM Coatings Market - By Formulation
1.3.2 OEM Coatings Market - By End User Industry
1.3.3 OEM Coatings Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OEM COATINGS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. OEM COATINGS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. OEM COATINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. OEM COATINGS - GLOBAL MARKET OVERVIEW
6.2. OEM COATINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OEM COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - FORMULATION
7.1. OVERVIEW
7.2. FORMULATION MARKET FORECASTS AND ANALYSIS
7.3. POWDER AND HIGH SOLID COATINGS
7.3.1. Overview
7.3.2. Powder and High Solid Coatings Market Forecast and Analysis
7.4. WATER-BORNE COATINGS
7.4.1. Overview
7.4.2. Water-Borne Coatings Market Forecast and Analysis
7.5. SOLVENT-BORNE COATINGS
7.5.1. Overview
7.5.2. Solvent-Borne Coatings Market Forecast and Analysis
7.6. RADIATION CURABLE COATINGS
7.6.1. Overview
7.6.2. Radiation Curable Coatings Market Forecast and Analysis
8. OEM COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - END USER INDUSTRY
8.1. OVERVIEW
8.2. END USER INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. TRANSPORTATION
8.3.1. Overview
8.3.2. Transportation Market Forecast and Analysis
8.4. CONSUMER PRODUCTS
8.4.1. Overview
8.4.2. Consumer Products Market Forecast and Analysis
8.5. HEAVY EQUIPMENT AND MACHINERY
8.5.1. Overview
8.5.2. Heavy Equipment and Machinery Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. OEM COATINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America OEM Coatings Market Overview
9.1.2 North America OEM Coatings Market Forecasts and Analysis
9.1.3 North America OEM Coatings Market Forecasts and Analysis - By Formulation
9.1.4 North America OEM Coatings Market Forecasts and Analysis - By End User Industry
9.1.5 North America OEM Coatings Market Forecasts and Analysis - By Countries
9.1.5.1 Canada OEM Coatings Market
9.1.5.1.1 Canada OEM Coatings Market by Formulation
9.1.5.1.2 Canada OEM Coatings Market by End User Industry
9.1.5.2 Mexico OEM Coatings Market
9.1.5.2.1 Mexico OEM Coatings Market by Formulation
9.1.5.2.2 Mexico OEM Coatings Market by End User Industry
9.1.5.3 US OEM Coatings Market
9.1.5.3.1 US OEM Coatings Market by Formulation
9.1.5.3.2 US OEM Coatings Market by End User Industry
9.2. EUROPE
9.2.1 Europe OEM Coatings Market Overview
9.2.2 Europe OEM Coatings Market Forecasts and Analysis
9.2.3 Europe OEM Coatings Market Forecasts and Analysis - By Formulation
9.2.4 Europe OEM Coatings Market Forecasts and Analysis - By End User Industry
9.2.5 Europe OEM Coatings Market Forecasts and Analysis - By Countries
9.2.5.1 Germany OEM Coatings Market
9.2.5.1.1 Germany OEM Coatings Market by Formulation
9.2.5.1.2 Germany OEM Coatings Market by End User Industry
9.2.5.2 France OEM Coatings Market
9.2.5.2.1 France OEM Coatings Market by Formulation
9.2.5.2.2 France OEM Coatings Market by End User Industry
9.2.5.3 Italy OEM Coatings Market
9.2.5.3.1 Italy OEM Coatings Market by Formulation
9.2.5.3.2 Italy OEM Coatings Market by End User Industry
9.2.5.4 United Kingdom OEM Coatings Market
9.2.5.4.1 United Kingdom OEM Coatings Market by Formulation
9.2.5.4.2 United Kingdom OEM Coatings Market by End User Industry
9.2.5.5 Russia OEM Coatings Market
9.2.5.5.1 Russia OEM Coatings Market by Formulation
9.2.5.5.2 Russia OEM Coatings Market by End User Industry
9.2.5.6 Rest of Europe OEM Coatings Market
9.2.5.6.1 Rest of Europe OEM Coatings Market by Formulation
9.2.5.6.2 Rest of Europe OEM Coatings Market by End User Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific OEM Coatings Market Overview
9.3.2 Asia-Pacific OEM Coatings Market Forecasts and Analysis
9.3.3 Asia-Pacific OEM Coatings Market Forecasts and Analysis - By Formulation
9.3.4 Asia-Pacific OEM Coatings Market Forecasts and Analysis - By End User Industry
9.3.5 Asia-Pacific OEM Coatings Market Forecasts and Analysis - By Countries
9.3.5.1 Australia OEM Coatings Market
9.3.5.1.1 Australia OEM Coatings Market by Formulation
9.3.5.1.2 Australia OEM Coatings Market by End User Industry
9.3.5.2 China OEM Coatings Market
9.3.5.2.1 China OEM Coatings Market by Formulation
9.3.5.2.2 China OEM Coatings Market by End User Industry
9.3.5.3 India OEM Coatings Market
9.3.5.3.1 India OEM Coatings Market by Formulation
9.3.5.3.2 India OEM Coatings Market by End User Industry
9.3.5.4 Japan OEM Coatings Market
9.3.5.4.1 Japan OEM Coatings Market by Formulation
9.3.5.4.2 Japan OEM Coatings Market by End User Industry
9.3.5.5 South Korea OEM Coatings Market
9.3.5.5.1 South Korea OEM Coatings Market by Formulation
9.3.5.5.2 South Korea OEM Coatings Market by End User Industry
9.3.5.6 Rest of Asia-Pacific OEM Coatings Market
9.3.5.6.1 Rest of Asia-Pacific OEM Coatings Market by Formulation
9.3.5.6.2 Rest of Asia-Pacific OEM Coatings Market by End User Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa OEM Coatings Market Overview
9.4.2 Middle East and Africa OEM Coatings Market Forecasts and Analysis
9.4.3 Middle East and Africa OEM Coatings Market Forecasts and Analysis - By Formulation
9.4.4 Middle East and Africa OEM Coatings Market Forecasts and Analysis - By End User Industry
9.4.5 Middle East and Africa OEM Coatings Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa OEM Coatings Market
9.4.5.1.1 South Africa OEM Coatings Market by Formulation
9.4.5.1.2 South Africa OEM Coatings Market by End User Industry
9.4.5.2 Saudi Arabia OEM Coatings Market
9.4.5.2.1 Saudi Arabia OEM Coatings Market by Formulation
9.4.5.2.2 Saudi Arabia OEM Coatings Market by End User Industry
9.4.5.3 U.A.E OEM Coatings Market
9.4.5.3.1 U.A.E OEM Coatings Market by Formulation
9.4.5.3.2 U.A.E OEM Coatings Market by End User Industry
9.4.5.4 Rest of Middle East and Africa OEM Coatings Market
9.4.5.4.1 Rest of Middle East and Africa OEM Coatings Market by Formulation
9.4.5.4.2 Rest of Middle East and Africa OEM Coatings Market by End User Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America OEM Coatings Market Overview
9.5.2 South and Central America OEM Coatings Market Forecasts and Analysis
9.5.3 South and Central America OEM Coatings Market Forecasts and Analysis - By Formulation
9.5.4 South and Central America OEM Coatings Market Forecasts and Analysis - By End User Industry
9.5.5 South and Central America OEM Coatings Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil OEM Coatings Market
9.5.5.1.1 Brazil OEM Coatings Market by Formulation
9.5.5.1.2 Brazil OEM Coatings Market by End User Industry
9.5.5.2 Argentina OEM Coatings Market
9.5.5.2.1 Argentina OEM Coatings Market by Formulation
9.5.5.2.2 Argentina OEM Coatings Market by End User Industry
9.5.5.3 Rest of South and Central America OEM Coatings Market
9.5.5.3.1 Rest of South and Central America OEM Coatings Market by Formulation
9.5.5.3.2 Rest of South and Central America OEM Coatings Market by End User Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. OEM COATINGS MARKET, KEY COMPANY PROFILES
11.1. 3M COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AKZO NOBEL N.V.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AXALTA COATINGS SYSTEMS LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BASF SE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. JOTUN
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KANSAI PAINT CO., LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NIPPON PAINT HOLDINGS CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PPG INDUSTRIES, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE SHERWIN-WILLIAMS COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE VALSPAR CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- 3M Company
- Akzo Nobel N.V.
- Axalta Coatings Systems Ltd.
- BASF SE
- Jotun
- Kansai Paint Co., Ltd.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- The Valspar Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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