OEM Coatings Market to Reach $69.2 Billion by 2022 – Analysis By Formulation, End Use Industry & Region – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “OEM
Coatings Market by Formulation, End-use Industry and Region – Global
Forecasts to 2022” report to their offering.

The OEM coatings market is projected to reach USD 69.28 billion by 2022,
at a CAGR of 4.7% from 2017 to 2022.

Increasing demand for OEM coatings from the transportation end-use
industry segment is the major driver for the growth of the OEM coatings
market. However, the high content of volatile organic compounds (VOCs)
in OEM coatings is the major restraint for the growth of the OEM
coatings market across the globe. The OEM coatings industry is expected
to grow during the forecast period due to increasing demand for OEM
coatings from China, India, South Korea, and rest of Asia-Pacific.

The powder coatings formulation segment of the OEM coatings market is
projected to grow at the highest CAGR during the forecast period from
2017 to 2022.

The powder coatings formulation segment of the OEM coatings market is
projected to grow at the highest CAGR during the forecast period from
2017 to 2022. The growth of this segment can be attributed 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
industries as they not only protect OEM parts from corrosion but also
add to their aesthetic value.

Companies Mentioned

• 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

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 OEM Coatings Market, By Formulation

7 OEM Coatings Market, By End-Use Industry

8 OEM Coatings Market, By Region

9 Competitive Landscape

10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/9l2dhg/oem_coatings

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Related
Topics: Paints
and Coatings