Authored By: Sarah
09 Oct 2023

APAC-Automotive OEM Coatings Market to grow by USD 697.75 Mn in revenue through 2023-2027

APAC-Automotive OEM Coatings Market is estimated to grow at a CAGR of 3.28% between 2022 and 2027 followed by revenue growth of USD 697.75 million. The availability of coatings designed for fuel-efficient automobiles, increasing demand for waterborne coatings, and the growing automotive industry in APAC are some of the paramount elements that are likely to propel the market advancement during the forecast period. 

Leading companies such as 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., etc are contributed to the market development in the regions through various strategic alliances and partnerships. APAC-Automotive OEM Coatings Market size, APAC-Automotive OEM Coatings Market share, APAC-Automotive OEM Coatings Market forecast, APAC-Automotive OEM Coatings Market trends

Snapshot of APAC-Automotive OEM Coatings Market Analysis

"The availability of coatings designed for fuel-efficient automotive will drive the growth prospects for the global Automotive OEM Coatings Market in the forthcoming years. 100% of the market’s growth will originate from APAC during the forecast period. to emerge as the key markets for interventional cardiology in Asia", says senior research analyst for the market_industry_l Industry at Technavio.

APAC-Automotive OEM Coatings Market: Segment Highlights

  • The market can be segmented by technology (water-borne, solvent-borne, powdered coatings, and UV-cured), and vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles).
  • As per technology segment-wise growth analysis, the growth of the water-borne segment will be significant during the forecast period owing to increasing preference for water-borne coatings for automobiles.

Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers with competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Download our data-backed sample report for more insights.

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