Market Size of Germany Automotive OEM Coatings Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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 |
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.
Germany Automotive OEM Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Mobility Preference for Personal Transport
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1.1.2 Growing Demand for Better Interiors in Vehicles
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1.2 Restraints
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1.2.1 Fluctuating Automotive Industry
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1.2.2 Harmful Environmental Impact of Conventional Coatings
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Value in USD Million)
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2.1 Application
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2.1.1 Passenger Vehicles
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2.1.2 Commercial Vehicles
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2.1.3 ACE
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2.2 Technology
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2.2.1 Waterborne
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2.2.2 Solventborne
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2.2.3 Powder
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2.2.4 UV-Cured
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2.3 Resin Type
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2.3.1 Acrylic
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2.3.2 Alkyd
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2.3.3 Epoxy
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2.3.4 Polyurethane
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2.3.5 Polyester
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2.3.6 Other Resin Types
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2.4 Layer
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2.4.1 Basecoat
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2.4.2 Clearcoat
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2.4.3 Electrocoat
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2.4.4 Primer
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Germany Automotive OEM Coatings Market Size FAQs
What is the current Germany Automotive OEM Coatings Market size?
The Germany Automotive OEM Coatings Market is projected to register a CAGR of greater than 4.10% during the forecast period (2024-2029)
Who are the key players in Germany Automotive OEM Coatings Market?
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.
