Pune, India -- (SBWIRE) -- 08/14/2018 -- OEM Coating is a material that spreads over the exterior of a vehicle as a protection and enhances the durability and appearance of a vehicle. It safeguards the vehicle from extreme temperature, UV radiation and other particles like dust or smoke. OEM coating is much thicker layer as compared to the traditional coating.
Global OEM Coating Market is expected to reach USD 79.32 billion by 2025, from USD 55.01 billion in 2017 growing at a CAGR of 4.6% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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The key players operating in the global OEM coating market are –

- 3M
- Eastman Chemical Company
- PPG Industries, Inc
- Merck KGaA
- Akzo Nobel N.V.
- BASF SE

The other players in the market are Axalta Coatings Systems Ltd., The Sherwin-Williams Company, The Valspar Corporation, Jotun, Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd. Jenson & Nicholson Paints Private Limited, Snowcem Paints, British PaintsTM, ACE COATING INDIA PVT. LTD., Berger Paints India Limited, Pidilite Industries Ltd, Farrell – Calhoun Paint, Sun Coatings, TIGER Drylac U.S.A., Inc., Gemini Coatings Inc, True Value Company., Tnemec Inc., ICP Group, Asian Paints, Rodda Paint Co, Cloverdale Paint Inc., Kelly-Moore Paints, NB Coatings, SHAWCOR, Ennis Flint, Inc., Dunn-Edwards Corporation, Benjamin Moore & Co., Behr Process Corporation and many more

Market Definition: Global OEM Coating Market

OEM Coating is a material that spreads over the exterior of a vehicle as a protection and enhances the durability and appearance of a vehicle. It safeguards the vehicle from extreme temperature, UV radiation and other particles like dust or smoke. OEM coating is much thicker layer as compared to the traditional coating. The consumer preference towards the high-quality automotive coating is increasing gradually. According to the Outlook magazine, in 2017, Asia is considered to be the world's largest light-vehicle sales region with a growth rate of 43.0 million. China accounts for about 60% of the regional total which was forecasted to rise by a net value of 102 million units in 2017. This above factor proves that the market of automotive around the globe is growing and will drive the demand for OEM Coating.

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Market Drivers:

- Advancements in OEM coatings technology
- Growing demand in the automotive market
- Protect vehicle form foreign particle

Segmentation: Global OEM Coating Market

By Formulation

- Water-borne Coatings
- Powder Coatings
- Solvent-borne Coatings
- Radiation Curable Coatings
- Others

By End User

- Consumer Products
o Epoxy Coatings
o Polyester Coatings
o Acrylic Coatings
o Polyurethane Coatings
- Transportation
o Polyurethane Coatings
o Epoxy Coatings
o Alkyd Coating
o Other Coatings
- Marine
o Epoxy Coatings
o Polyurethane Coatings
o Other Coatings
- Automotive
o Acrylic Coatings
o Polyurethane Coatings
o Epoxy Coatings
o Alkyd Coating
o Polyester Coatings
- Heavy Equipment & Machinery
o Epoxy Coatings
o Alkyd Coatings
o Acrylic Coatings
o Polyurethane Coating
o Others
- By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa

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