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.
- 3M Company
- Akzo Nobel N.V.
- Axalta Coatings Systems Ltd.
- BASF SE
- Kansai Paint Co., Ltd.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- The Valspar Corporation
Key Topics Covered:
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