Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the OEM Coatings Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the OEM Coatings Market?
The market size of OEM Coatings has been progressively increasing in recent times. The market size which was $73.99 billion in 2024 is projected to rise to $77.32 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%.
What Is the Forecasted CAGR for the OEM Coatings Market by 2029?
The OEM coatings market is projected to reach $98.24 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.2%.
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What Are the Market Drivers in the OEM Coatings Industry?
The key Drivers in the oem coatings market are:
• Rising demand from end-use industries
• Utilization of OEM coatings in the process of substrate application
• Cost-effectiveness and performance enhancement offered by OEM coatings
• Expansion of industries such as automotive and consumer electronics that rely heavily on OEM coatings
What Is the Segment-Wise Breakdown of the OEM Coatings Market?
The oem coatingsmarket covered in this report is segmented –
1) By Types: Powder Coatings, Water-Borne Coatings, Solvent-Borne Coatings, Radiation Curable Coating
2) By Application: Automotive, Wood Or Non-Wood Furniture, Metal Building Finishes, Paper And Paperboard, Electrical Insulation, Other Applications
3) By End - Use: Transportation, Consumer Products, Heavy Equipments And Machinery, Other End-Users
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Which Emerging Trends Are Driving Growth in the OEM Coatings Sector?
The key trends in the oem coatings market are:
• The rise of product innovation is a key trend in the OEM coatings market.
• Key players in the market are focusing on creating innovative products with advanced features.
• A wave of sustainable development is appearing, with companies developing eco-friendly products, making use of renewable raw materials.
• Reduction of carbon footprint is a notable trend in automotive coating products.
Which Companies Are Dominating the OEM Coatings Market in Terms of Revenue?
The key players in the oem coatings market are:
• PPG Industries Inc.
• Akzo Nobel N.V.
• The Sherwin-Williams Company
• The Valspar Corporation
• Axalta Coating Systems Ltd.
• Jotun
• BASF SE
• Nippon Paint Holdings Co. Ltd.
• Kansai Paint Co. Ltd.
• 3M Company
• DuPont
• Taralac
• US Coatings
• Allnex
• Reliable Paints
• Arkema S.A.
• Berger Paints India Ltd.
• Covestro AG
• Dymax Corporation
• Eastman Chemical Company
• HMG Paints Ltd.
• KAPCI Coatings
• KCC Corporation
• Krylon Industrial
• Lord Corporation
• RPM International Inc.
• Sika AG
• Solvay S.A.
• The Chemours Company
• Tiger Coatings GmbH & Co. KG
What Are the Regions Driving Demand in the OEM Coatings Market?
Asia-Pacific was the largest region in the OEM coatings market in 2024
