Germany Automotive OEM Coatings Market Size (2024 - 2029)

The Germany Automotive OEM Coatings Market is experiencing growth, driven by an increased preference for personal transport following the pandemic, despite challenges such as the environmental impact of conventional coatings. The market's expansion is supported by advancements in infrastructure and the affordability of cars for the middle class. Additionally, the rising demand for electric vehicles presents new opportunities for market growth. The passenger vehicles segment is anticipated to lead the market in terms of application.

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Market Size of Germany Automotive OEM Coatings Industry

Germany Automotive OEM Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.10 %
Market Concentration High

Major Players

Germany Automotive OEM Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Germany Automotive OEM Coatings Market Analysis

The Germany Automotive OEM Coatings Market was valued at USD 410 million at the end of the year, and the market is projected to register a CAGR of 4.1% during the forecast period. The COVID pandemic negatively affected the automotive OEM coatings market as most manufacturers closed their manufacturing activities.

  • Over the long term, the major factor driving the market studied is the preference for personal transport owing to the pandemic crisis. The consumer preference for private transport has grown over the recent years due to better development of roads and infrastructure, startup innovations in the car rental industry, and the availability of low-cost cars that are affordable for middle-class people.
  • The harmful environmental impact of conventional coatings is expected to restrain the automotive OEM market in the country.
  • The rising demand for electric vehicles offers various opportunities for market growth during the forecast period.
  • In the application segment, the passenger vehicles segment is expected to dominate the market for automotive OEM coatings in the country.

Germany Automotive OEM Coatings Industry Segmentation

Automotive OEM coatings are used to protect the vehicle body from corrosion. The coating applications include the steps primer, basecoat, clear coat, and top coat. Automotive OEM coatings will help to improve the appearance and performance of vehicles. The automotive OEM coatings market is segmented by application, technology, resin type, and layer type. By application, the market is segmented into Passenger Vehicles, Commercial Vehicles, and ACE. By technology, the market is segmented into waterborne, solvent-borne, powder, and UV-Cured. By resin type, the market is segmented into acrylic, alkyd, epoxy, polyurethane, polyester, and others. By layer type, the market is segmented into base coat, clear coat, electro coat, and primer. For each segment, the market sizing and forecasts have been done based on value (USD million).

Application
Passenger Vehicles
Commercial Vehicles
ACE
Technology
Waterborne
Solventborne
Powder
UV-Cured
Resin Type
Acrylic
Alkyd
Epoxy
Polyurethane
Polyester
Other Resin Types
Layer
Basecoat
Clearcoat
Electrocoat
Primer
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Germany Automotive OEM Coatings Market Size Summary

The Germany automotive OEM coatings market is experiencing a gradual recovery and is projected to grow steadily over the forecast period. The market's growth is primarily driven by the increasing preference for personal transportation, a trend that has been amplified by the pandemic. This shift is supported by improvements in road infrastructure, innovations in the car rental sector, and the availability of affordable vehicles for the middle class. However, the market faces challenges due to the environmental impact of conventional coatings, which could hinder its expansion. The rising demand for electric vehicles presents significant opportunities for growth, particularly in the passenger vehicle segment, which is expected to dominate the market.

Acrylic resins play a crucial role in the automotive OEM coatings sector, offering advantages such as gloss, durability, and resistance to various environmental factors. These resins are increasingly favored due to their low VOC emissions and environmental friendliness, especially in water-borne systems. The market is also influenced by the strategic moves of major automotive manufacturers, such as Ford's plans to expand its electric vehicle lineup in Europe. Despite past declines in vehicle production due to regulatory changes and global trade issues, the market is rebounding with increased electric vehicle production and substantial investments from leading automakers like Volkswagen, Mercedes, and BMW. The market is consolidated, with key players including Akzo Noble N.V., Jotun, BASF SE, PPG Industries, Inc., and Beckers Group, who are actively shaping the industry's landscape.

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Germany Automotive OEM Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Mobility Preference for Personal Transport

      2. 1.1.2 Growing Demand for Better Interiors in Vehicles

    2. 1.2 Restraints

      1. 1.2.1 Fluctuating Automotive Industry

      2. 1.2.2 Harmful Environmental Impact of Conventional Coatings

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Value in USD Million)

    1. 2.1 Application

      1. 2.1.1 Passenger Vehicles

      2. 2.1.2 Commercial Vehicles

      3. 2.1.3 ACE

    2. 2.2 Technology

      1. 2.2.1 Waterborne

      2. 2.2.2 Solventborne

      3. 2.2.3 Powder

      4. 2.2.4 UV-Cured

    3. 2.3 Resin Type

      1. 2.3.1 Acrylic

      2. 2.3.2 Alkyd

      3. 2.3.3 Epoxy

      4. 2.3.4 Polyurethane

      5. 2.3.5 Polyester

      6. 2.3.6 Other Resin Types

    4. 2.4 Layer

      1. 2.4.1 Basecoat

      2. 2.4.2 Clearcoat

      3. 2.4.3 Electrocoat

      4. 2.4.4 Primer

Germany Automotive OEM Coatings Market Size FAQs

The Germany Automotive OEM Coatings Market is projected to register a CAGR of greater than 4.10% during the forecast period (2024-2029)

Akzo Noble N.V., Jotun, BASF SE, PPG Industries, Inc and Beckers Group are the major companies operating in the Germany Automotive OEM Coatings Market.

Germany Automotive OEM Coatings Report Snapshots

Germany Automotive OEM Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)