OEM Coatings Market to thrive with the demand for home furnishingsPosted by rohan on November 18th, 2019 Market Overview: OEM coatings are advanced technology coatings by makers of durable goods. They act as protective coatings and provide ornamental end to the coated product. In terms of worth, OEM coatings accounted for nearly 30% share of the global market in 2018. The OEM coatings market has been growing since the past few years. Goods are shipped directly by the maker to the consumer without going through the usual distribution channels. The worldwide OEM coatings market was worth USD 58 billion in 2018 and is estimated to be close to USD 73.18 billion by 2023 with a CAGR of 4.76%. Market drivers and restraints: A thin layer of OEM coating offers decorative end that boosts the worth of the coated product. The finished surface is one of the key selling features of products like wood furniture, automobiles, and electronic appliances. Protection from product deterioration and value addition features are estimated to drive the OEM coatings market throughout the forecast period. Nevertheless, the additional functionality and decorative quality needs are mandatory to meet environmental regulations. The first rules are related to the discharge of VOC that are often supervised and constrained at plant sites. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/oem-coatings-market Report segmented as: By formulation:
By end user:
Geographical analysis: Asia Pacific held the highest share of the global OEM coatings market in 2018 owing to the rise in call from the automotive business in the region. China and India are expected to contribute majorly to the development of the OEM coatings market in Asia Pacific. China also accounts for a major share of the global market in terms of production. Important market players: The OEM coatings market is dominated by key players, such as PPG Industries, Inc. (U.S.), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), and Axalta Coating Systems Ltd. (U.S.), among others. View a sample and decide: https://www.marketdataforecast.com/market-reports/oem-coatings-market/request-sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |