Market Size of United Kingdom Automotive OEM Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Automotive OEM Coatings Market Analysis
The United Kingdom Automotive OEM Coatings Market was valued at USD 150 million by the end of this year. The market is projected to register a CAGR of 3.4% during the forecast period. The COVID-19 pandemic negatively affected the automotive OEM coatings market as most manufacturers closed their manufacturing activities. However, after the pandemic, automotive manufacturers resumed production work which helped revive the market for automotive OEM coatings in the country.
- 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.
UK Automotive OEM Coatings Industry Segmentation
Automotive OEM coatings are used to protect the vehicle body from corrosion. The coating applications include the steps of electro-coat, primer, basecoat, and clear 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 |
United Kingdom Automotive OEM Coatings Market Size Summary
The United Kingdom automotive OEM coatings market is experiencing a gradual recovery following the disruptions caused by the COVID-19 pandemic, which had led to temporary manufacturing halts. The market is driven by an increasing preference for personal transport, spurred by improved road infrastructure and the availability of affordable vehicles. However, the environmental impact of traditional coatings poses a challenge to market growth. The rising demand for electric vehicles presents significant opportunities, with the passenger vehicle segment expected to dominate the market. Epoxy resins, known for their strong adhesion, mechanical strength, and heat resistance, are widely used in automotive coatings to protect car bodywork and extend vehicle lifespan.
The market landscape is characterized by the presence of major players such as Akzo Nobel N.V., Axalta Coating Systems, BASF SE, PPG Industries, Inc., and The Sherwin-Williams Company. These companies are pivotal in shaping market dynamics through their innovations and strategic developments. The UK's automotive sector is also witnessing a shift towards electric vehicles, supported by government initiatives and investments aimed at phasing out gasoline and diesel vehicles by 2030. This transition is expected to bolster the demand for eco-friendly coatings, aligning with the country's broader goals of promoting sustainable transportation and economic recovery.
United Kingdom 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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United Kingdom Automotive OEM Coatings Market Size FAQs
What is the current United Kingdom Automotive OEM Coatings Market size?
The United Kingdom Automotive OEM Coatings Market is projected to register a CAGR of greater than 3.40% during the forecast period (2024-2029)
Who are the key players in United Kingdom Automotive OEM Coatings Market?
Akzo Nobel N.V., Axalta Coating Systems, BASF SE, PPG Industries, Inc and The Sherwin-Williams Company are the major companies operating in the United Kingdom Automotive OEM Coatings Market.
