OEM Coatings Global Market Report 2023 – By Types (Powder Coatings, Water-Borne Coatings, Solvent-Borne Coatings, Radiation Curable Coating), By Application (Automotive, Wood/ Non-Wood Furniture, Metal Building Finishes, Paper and Paperboard, Electrical Insulation, Other Applications), By End - Use (Transportation, Consumer Products, Heavy Equipments and Machinery, Other End-Users) – Market Size, Trends, And Global Forecast 2023-2032

The automotive coatings are applied to the surface of automobiles to protect them from corrosion and improve their aesthetic value. Automotive coatings are used to coat interior and exterior parts of vehicles with some powder or liquid to enhance the look and toughness of automobiles and also to make them heat- and shock-resistant. The main types of automotive coatings are clearcoat, basecoat, e-coat, and primer. The vehicle clear coat is the final coat of paint that is applied to the vehicle after the primer and pigmented paint have been applied. It's a clear, glossy coating that's meant to improve the look of the vehicle's paint while also protecting it from environmental damage. The coatings are manufactured based on various technologies, such as solvent-borne, water-borne, and powder coatings using polyurethane, epoxy, and acrylic resins. Automotive coatings are used on metal and plastic substrates for OEM and refinishing applications. The global automotive coatings market is segmented - 1) By Coat Type: Clearcoat, Basecoat, E-Coat, Primer 2) By Resin Type: Polyurethane, Epoxy, Acrylic 3) By Technology: Waterborne Coatings, Solventborne Coatings, Powder coatings, UV-Cured Coatings 4) By Substrate: Metals, Plastics 5) By End-Use: Light Vehicle OEM, Commercial OEM, Automotive Refinish The global automotive coatings market size grew from $18.75 billion in 2022 to $20.7 billion in 2023 at a compound annual growth rate (CAGR) of 10.4% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the automotive coatings is expected to grow to $27.72 billion in 2027 at a CAGR of 7.6% . The increase in demand for lightweight vehicles is significantly contributing to the growth of the automotive coatings market. Stringent emission norms and the growing need for a reduction in fuel consumption have supported the demand for lightweight vehicles. The lightweight vehicle surfaces are coated with different types of coatings for protective as well as decorative purposes. Automotive coatings protect the automobile surface from corrosion as well as decrease the overall weight of vehicles. For instance, according to the National Automobile Dealers Association (NADA), a US-based automobile trade organization, in 2021, sales of new lightweight vehicles will have increased to 14.93 million units, up 3.1% from 2020. Therefore, the increase in demand for lightweight is expected to support the growth of the automotive coatings market going forward. Major players in the automotive coatings market are The Valspar Corporation, Solvay, Sherwin-Williams Company, PPG Industries, Nippon Paint Automotive Coatings Co. Ltd., Lord Corporation, KCC Paint, Kansai Paint Co. Ltd., Arkema SA, Eastman Chemical, Clariant AG, Cabot Corporation, Berger Paints, Beckers Group, Bayer AG, BASF SE, Axalta Coating Systems, and Akzo Nobel N.V . Strategic collaborations between companies have emerged as a key trend gaining popularity in the automotive coatings market. Companies in the automotive coating industry are undergoing various collaborations to develop new technologies and products. For instance, in 2020, IGL Coatings, a pioneer in ceramic and automobile eco-friendly coatings, announced a strategic partnership with Yamaclar, a multi-generational Turkish company that manufactures various automotive paints, for the distribution of its products in Turkey. Moreover, in 2020, BASF, a Germany-based automotive manufacturer in China, signed a cooperative agreement with GACNE, a pioneer in the automotive paint industry, to improve product quality and efficiency while also implementing digital automotive coating solutions. In April 2021, PPG Industries Inc., a US-based company that distributes and manufactures a wide range of coatings, paints, and specialty materials, acquired Cetelon Lackfabrik GmbH for an undisclosed amount. Through this acquisition, PPG Industries Inc. will be able to expand its existing coatings product portfolio, liquid and powder coating technologies, and color matching capabilities. Cetelon Lackfabrik GmbH is a German-based company that develops and manufactures a wide range of coating systems for the automobile industry. Asia-Pacific was the largest region in the automotive coatings market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive coatings market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive coatings market consists of sales of automotive coating technology, including UV-cured coating. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive coatings market research report is one of a series of new reports from The Business Research Company that provides automotive coatings market statistics, including automotive coatings industry global market size, regional shares, competitors with an automotive coatings market share, detailed automotive coatings market segments, market trends and opportunities, and any further data you may need to thrive in the automotive coatings industry. This automotive coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive tinting film refers to thin laminate films applied to vehicles to reduce the heat and radiation from the sun that enters the vehicle's interior, which helps in controlling the temperature inside the vehicle. These tinting films can differ from one location to another due to a specific region's climate or heat level. The main types of automotive tinting film are window film, paint protection film, wrap film and other types. The window film refers to a unique film or coating applied to windows on an automobile to prevent a specific spectrum or amount of sunlight from passing through the glass. Window tint can also reduce sun glare and keep harmful UV rays away from reaching the car occupant. The various types of materials used in automotive tinting film include dyed, metalized, ceramic, and other materials that are suitable for passenger cars, LCV, and HCV. The global automotive tinting film market is segmented - 1) By Film Type: Window Film, Paint protection Film, Wrap Film, Other Types 2) By Material Type: Dyed, Metalized, Ceramic, Other Materials 3) By Vehicle type: Passenger Cars, LCV, HCV The global automotive tinting film market size grew from $3.65 billion in 2022 to $3.88 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive tinting film is expected to grow to $4.92 billion in 2027 at a CAGR of 6.2%. The soaring atmospheric temperature is driving the growth of the automotive tinting film market. Human activities such as burning fossil fuels and deforestation have significantly increased the concentration of greenhouse gases in the Earth's atmosphere, thus contributing to global warming. Due to such an increase in global warming and temperature across the globe, customers are increasing spending on automotive tint films as protection layers to the vehicle that block harmful UV rays, avoid paints from getting fade, and offer a significantly more relaxed and comfortable journey. For instance, In October 2021, according to World Meteorological Organization, The State of the Global Climate 2021 report states that in 2021, the global surface temperature (GMST) was 1.11 ± 0.13 °C higher than the pre-industrial baseline period (1850-1900), when fossil-fuel burning had yet to change the climate. Therefore, the increasing atmospheric temperature is expected to boost demand for automotive tinting films market during the forecast period. Major players in the automotive tinting film market are 3M Company, Eastman Chemical Company, Saint-Gobain Group, Avery Dennison Corporation, Johnson Window Films Inc., Madico Inc., Nexfil, Global Window Films, Xpel Technologies Corp., Akzo Nobel N.V, Kay Premium Marking Films Ltd., Tintfit Windows Films Ltd., Toray Plastic, Armolan Window Films, and Huper Optik. Technological advancement is a key trend gaining popularity in the automotive tinting film market. Major companies operating in the automotive tinting film market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing enhanced automotive tinting film technologies into their products, such as nano tinting technology, electro-chromatic technology, liquid-crystal technologies, multilayered sputtering, photovoltaic (PV) technology, and others, to block harmful UV rays and make vehicles significantly more relaxed and more comfortable from the inside. For Instance, In October 2021, Eastman Performance Films, a US-based producer and distributor of high-performance window tint and paint protection film for use in automobiles, launched SunTek Evolve window-tint. SunTek Evolve is made to reject up to 94% of heat-inducing infrared rays and block 99% of harmful UV rays that cause cancer, allowing for cooler cabins and less interior fading. In order to help drivers achieve the desired look or upgrade already-tinted glass, Evolve also provides a wide range of tint options. In October 2021, Eastman Chemical Company, a USA-based company primarily operating in chemical industry acquired PremiumShield for an undisclosed amount. With the acquisition, Eastman's will step ahead as the leading innovator and service partner for paint protection and window film professional installers. PremiumShield is a US-based automotive paint protection film company. North America was the largest region in the automotive tinting film market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive tinting film market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive tinting film market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive tinting film market consists of sales of crystalline glass tints, ceramic tints and carbon tints. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive tinting film market research report is one of a series of new reports from The Business Research Company that provides automotive tinting film market statistics, including automotive tinting film industry global market size, regional shares, competitors with an automotive tinting film market share, detailed automotive tinting film market segments, market trends and opportunities, and any further data you may need to thrive in the automotive tinting film industry. This automotive tinting film market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The paints and coatings are products that manufactured by mixing pigments, solvents, and binders into paints and other coatings, such as stains, varnishes, lacquers, enamels, shellacs, and water-repellent coatings for concrete and masonry, and/or produce allied paint products, such as putties, paint and varnish removers, paintbrush cleaners, and frit. The main types of paints and coatings are water-borne coatings, solvent-based coatings, powder coatings, and other types of paints and coatings. A waterborne coating is an environmentally friendly surface treatment that uses water as a solvent to disperse the resin used to make the coating or paint. The types of resins are acrylic, polyurethane, polyesters, epoxy, alkyd, and other types of resins. The performance range includes the commodity coating range, the engineering coating range, and the high-performance coating range. The applications involved are architectural, automotive, wood, packaging, aerospace, and other applications. The global paints and coatings market is segmented – 1) By Type: Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings 2) By Application: Architectural, Automotive, Wood, Packaging, Aerospace, Other Applications 3) By Type of Resin: Acrylic, Polyurethanes, Polyesters, Epoxy, Alkyd, Other Type of Resins 4) By Performance Range: Commodity Coating Range, Engineering Coating Range, High-Performance Coating Range The global paints and coatings market grew from $230.96 billion in 2022 to $248.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The paints and coatings market is expected to grow to $326.09 billion in 2027 at a CAGR of 7.0%. There is a rapid growth in the consumption of paints and coatings in many industries. Paints and coatings are widely used in the automotive, construction, and manufacturing industries. For instance, the global building construction market is expected to increase from $6.6 trillion in 2019 to $8.4 trillion in 2022. Similarly, the global transportation manufacturing market is expected to increase from $6.8 trillion in 2019 to $7.8 trillion in 2022. Decorative paints and coatings are widely used in buildings and construction, whereas protective paints and coatings are linked closely to the automotive, major appliance, and industrial equipment industries. Therefore, growth in end-user industries is expected to drive the paints and coatings market during the forecast period. Major companies in the paints and coatings market include Sherwin Williams Co, PPG Industries Inc., Akzo Nobel N.V, BASF SE, Nippon Paint Holdings Co Ltd., Axalta Coating Systems Ltd., Kansai Paint Co. Ltd., Asian Paints Limited, RPM International Inc., and Arkema SA. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the paints and coatings market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down." The outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the paints and coatings market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Biocides are being used in paints to enhance their longevity and to maintain their quality. Biocide additives have been designed to protect paints from getting damaged during storage or to keep fungi and algae from growing on the applied paints. The market for biocides in paints will continue to grow due to the switch from solvent-based to water-based paints as they are not hazardous for human health and the environment and minimize fungal and algae growth. However, the replacement of traditional biocides based on chlorine and formaldehyde with environmentally friendly biocides adds to the cost of paint production. For instance, some of the major companies using biocide in paint manufacturing include The Dow Chemical Company, Troy Corporation, BASF SE, Thor Group, and AkzoNobel N.V. Asia-Pacific was the largest region in the paints and coatings market in 2022. Western Europe was the second-largest region in the paints and coatings market. The regions covered in the paints and coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the paints and coatings market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The paints and coatings market consists of the sales of polyurethane coatings, epoxy coatings, alkyd coatings, zinc-rich coatings, and acrylic coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The paints and coatings market research report is one of a series of new reports from The Business Research Company that provides paints and coatings market statistics, including paints and coatings industry global market size, paints and coatings market regional shares, competitors with a paints and coatings market share, detailed paints and coatings market segments, market trends and opportunities, and any further data you may need to thrive in the paints and coatings industry. This paints and coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the paints and coatings industry.

Automotive interiors refer to fitting together all the components of the car while maintaining its aesthetics and comfort. It plays a vital role in vehicles’ performance, aesthetic appeal, and scalability, which consists of the infotainment system, body panels, instrument panels, and others. The automotive interior is used for providing a comfortable seating experience for passengers in vehicles. The main types of vehicles in automotive interior are passenger cars and commercial vehicles. A passenger car refers to a road motor vehicle, which is intended for the carriage of passengers from one place to another automotive interiors are designed to comfort and safe riding passengers. The different components include an infotainment system, instrument panels, interior lighting, body panels, and others. The several applications include dashboard, seats, airbags and seat belts, door panel and trims, carpet, and headliners. The global automotive interior market is segmented - 1) By Vehicle Type: Passenger Car, Commercial Vehicle 2) By Component: Infotainment System, Instrument Panels, Interior Lighting, Body Panels, Other Components 3) By Application: Dashboard, Seats, Airbags, and Seat Belts, Door Panel and Trims, Carpet and Headliners The global automotive interior market size will grow from $136.59 billion in 2022 to $149.36 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive interior is expected to grow to $201.99 billion in 2027 at a CAGR of 7.8%. Growing demand for luxury vehicles is expected to propel the growth of the automotive interior market going forward. Luxury vehicles refer to a vehicle that has high-end features that go above and beyond the usual necessities. These vehicles have more luxurious interiors, superior performance capabilities, and the latest safety and technological features due to the use of automotive interiors. For instance, according to the Federation of Automobile Dealers Associations, an India-based automobile association, for the year 2021, 24,009 luxury cars were sold in India within a period of 12 months, which increased to 45% of sales when compared to 2020. In addition, Italian automobile maker Lamborghini also recorded 142% year-over-year growth in India. Therefore, an increase in demand for luxury vehicles is driving the growth of the automotive interior market. Major players in the automotive interior market are Adient plc, Calsonic Kansei Corporation, Faurecia SE, Hyundai Mobis, Lear Corporation, Robert Bosch GmbH, Visteon Corporation, Yanfeng Automotive Interior Systems Co. Ltd., Toyoda Gosei Co. Ltd., Denso Corporation, ContiTech AG, Takata Corporation, Sage Automotive Interiors, SMS Auto Fabrics, Tachi-S Co. Ltd., Continental, Marelli, and Motherson Sumi Systems Limited (MSSL). The easy-return seat function has emerged as the key trend gaining popularity in the automotive interiors market. Major companies operating in the automotive interiors market are introducing new products to sustain their position in the market. For instance, in February 2020, Toyota Boshoku Corporation, a Japan-based automotive component manufacturer, developed a driver's easy return seat function that enables a comfortable ride for petite passengers. This helps to easily adjust the seat position every time they enter and exit the seat. This seat function is available in their new model, the Toyota Yaris. In March 2021, Lear Corporation, a US-based company that manufactures automotive seating and automotive electrical systems, acquired M & N Plastics Company for an undisclosed amount. This acquisition is expected to exceed customer expectations and produce complex parts for electrical distribution, including high-voltage wire harnesses and power electronics. M & N Plastics Company is a US-based manufacturer of custom plastic injection model products and a manufacturer of engineered plastic components for automotive electrical distribution applications. Asia-Pacific was the largest region in the automotive interior market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global automotive interior market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive interior market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive interiors market consists of sales of interiors made of vinyl, wood and faux leather. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive interior market research report is one of a series of new reports from The Business Research Company that provides automotive interior market statistics, including automotive interior industry global market size, regional shares, competitors with an automotive interior market share, detailed automotive interior market segments, market trends and opportunities, and any further data you may need to thrive in the automotive interior industry. This automotive interior market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive seats are designed with a certain inclination angle to minimize the impact of a collision. These seats provide a safer ride and are beneficial for children. The automotive seats are used by an individual for the comfort of driving the vehicle. The main types of automotive seats include bucket seats and split benches. A bucket seat refers to a single-person seat in a car or an aero plane with rounded sides that will partially enclose and support the body. The various trim materials used in automotive seats include genuine leather, synthetic leather, fabrics, and polyurethane foam. They are used in various vehicle types ranging from passenger cars, light commercial vehicles, heavy trucks, and buses. The global automotive seats market is segmented - 1) By Seat Type: Bucket Seat, Split Bench 2) By Vehcile Type: Passanger Car, Light Commercial Vehicles, Heavy Trucks, Bus 3) By Trim Material: Fabric, Synthetic Leather, Genuine Leather The global automotive seats market size will grow from $66.54 billion in 2022 to $71.72 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive seats market size is expected to grow to $95.61 billion in 2027 at a CAGR of 7.5%. The growing popularity of autonomous vehicles is expected to propel the growth of the automotive seats market going forward. An autonomous vehicle is a motor vehicle that can operate without the assistance of a human driver. The increasing popularity of autonomous vehicles is expected to boost demand for the automotive seat, as the design and functioning of seats play a crucial role in autonomous vehicles. For instance, in 2021, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, data, the number of SUVs on the road worldwide climbed by more than 35 million in 2021. SUVs account for more than half of all cars sold in the US and Europe. SUVs are expected to account for almost 45 % of worldwide vehicle sales in the coming years. Therefore, the growing popularity of autonomous vehicles is expected to boost demand for automotive seats during the forecast period. Major players in the automotive seats market are Adient plc, Lear Corporation, Faurecia, Toyota Boshoku Corporation, Magna International Inc., Aisin Seiki Co Ltd., NHK SPRING Co Ltd., TS TECH CO Ltd., GENTHERM, TACHI-S CO Ltd., Grupo Antolin, Johnson Controls, Dura Automotive Systems, IFB Automotive, and Fisher and Company. Technological advancement in automotive seats is a key trend gaining popularity in the automotive seats market. Major companies operating in the automotive seats market are focused on developing new technological solutions to strengthen their position. In August 2020, Lear Corporation, a global automotive technology leader in seating and E-systems, launched its newest solution in intelligent seating, INTU Thermal Comfort with climate sense technology, developed in collaboration with Gentherm. The system aims for creating an ideal personal climate through its intelligent software, using ambient cabin conditions to provide optimized comfort. In September 2021 Adient PLC., an American Irish domiciled company involved in the manufacturing of automotive seating acquired Yanfeng Adient Seating Co., Ltd. (YFAS) and Chongqing Yanfeng Adient Automotive Components Co., Ltd. (CQYFAS) for a deal amount of $695M. With this acquisition, Adient PLC. will establish its strategy independently in China. Yanfeng Adient Seating Co., Ltd. is a China-based automotive and seat manufacturing company, and Chongqing Yanfeng Adient Automotive Components Co., Ltd. is a China-based automotive company. Asia-Pacific was the largest region in the automotive seats market in 2022, and it is expected to be the fastest-growing region in the automotive seats market during the forecast period. The regions covered in the automotive seats market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive seats market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive seats market consists of sales of infant car seat, convertible car seat, 3 in 1 car seat, combination car seat, booster seat, built-in car seat, and special needs car seat. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive seats market research report is one of a series of new reports from The Business Research Company that provides automotive seats market statistics, including automotive seats industry global market size, regional shares, competitors with an automotive seats market share, detailed automotive seats market segments, market trends and opportunities, and any further data you may need to thrive in the automotive seat industry. These automotive seats market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive lightweight material is engaged in the production of different lightweight materials for the manufacturing of automotive components such as carbon fiber, aluminum, and magnesium among others. Automotive lightweight materials are used in vehicles to decrease weight, increase speed, and improve fuel economy. The main types of materials in the automotive lightweight materials market are metal, composites, plastics, and elastomer. Metals such as high-strength steel, aluminum, magnesium, and titanium are used to make vehicles lighter and more efficient. Composites are made up of a high-performance fiber (such as carbon or glass) and a matrix material (epoxy polymer) that, when mixed, has superior properties to the individual materials. Plastics are used for added strength, flex, rigidity, fatigue resistance, shear strength, and heat resistance. Elastomers are polymers with high viscoelasticity which are used in the production of components that need to withstand extreme temperatures such as hoses, insulators, seals, bushes, engine mounts, and gaskets. The automotive lightweight materials are used for passenger vehicles, light commercial vehicles, and heavy commercial vehicles for manufacturing bodies in white, chassis and suspension, powertrain, closures, interiors, and other parts. The global automotive lightweight materials market is segmented - 1) By Material Type: Metals, Composites, Plastics, Elastomer 2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle 3) By Application: Body In White, Chassis And Suspension, Powertrain, Closures, Interiors, Other Applications The global automotive lightweight materials market size will grow from $101.54 billion in 2022 to $116.44 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive lightweight materials is expected to grow to $167.05 billion in 2027 at a CAGR of 9.4%. The surge production of electric vehicles is expected to propel the growth of the automotive lightweight materials market over the coming years. Electric vehicles are automobiles that are powered entirely or partially by electricity. Electric vehicles have minimal operating expenses since they have fewer moving parts to maintain, and they are also very eco-friendly because they consume little or no fossil fuels (petrol or diesel). Lightweight materials such as carbon-fibre-reinforced plastic are used in modern electric vehicles, allowing them to run purely on electricity and avoid being classified as hybrids. For instance, according to the Economist Intelligence Unit (The EIU), electric vehicle sales are expected to increase from 2.5 million in 2020 to 3.4 million in 2021 According to a CNBC report published in May 2020, electric vehicle production is expected to rise to at least 1.3 million this year, with the possibility of reaching 1.5 million based on market conditions. Therefore, the increasing production of electric vehicles drives the growth of the automotive lightweight materials market. Major players in the automotive lightweight materials market are BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., Toray Industries Inc., ArcelorMittal, ThyssenKrupp AG, Novelis Inc., Alcoa Corporation, Stratasys Ltd., Owens Corning, Tata Steel, and POSCO. New product developments and compositions are gaining significant popularity in the automotive lightweight materials market. Key players in the automotive lightweight materials market are focusing on developing new and innovative products for the market using lightweight materials such as carbon fibre, and aluminium and replacing generic materials. For instance, in 2020, ESE Carbon Co., a US-based composites manufacturer, launched a new carbon fibre wheel that was made with customized fibre positioning and custom presses to reduce waste and increase scalability. Also, in 2021, Italy-based Bucci Composites, a fabricator of composite components and systems for automobile, military, maritime, and industrial uses, announced that it had finished construction of a 22-inch carbon fibre automotive wheel rim with advanced features. In May 2022, Sandvik, a Sweden-based engineering company, acquired Preziss for an undisclosed amount. The acquisition would strengthen the product offerings of Sandvik in the fields of lightweight materials for automotive markets. Preziss is a Spain-based CNC milling and tooling system manufacturer. Europe was the largest region in the automotive lightweight materials market in 2022. North America was the second-largest market in the automotive lightweight materials market share. The regions covered in the automotive lightweight materials market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive lightweight materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive lightweight materials market consists of sales of high strength steel, aluminum, and magnesium & titanium. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive lightweight materials market research report is one of a series of new reports from The Business Research Company that provides automotive lightweight materials market statistics, including automotive lightweight materials industry global market size, regional shares, competitors with a automotive lightweight materials market share, detailed automotive lightweight materials market segments, market trends and opportunities, and any further data you may need to thrive in the automotive lightweight materials industry. This automotive lightweight materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive plastics refers to a polymer used in automotive vehicles to design and produce parts that provide mechanical strength, withstand shear stress, wear metal stress, offer aesthetic appearance, and are utilized in making the automotive body. These plastic components mainly replace the various metal parts in automobiles as they provide similar properties such as stiffness, flame retardancy, and others. The main types of automotive plastics are polypropylene (pp), polyurethane (PU), polyvinylchloride (PVC), polyamide (pa), and acrylonitrile butadiene styrene (abs), high-density polyethylene (HDPE), polycarbonate (pc), and polybutylene terephthalate (PBT). Polypropylene (PP) automotive plastics refer to a thermoplastic polymer that is tough, rigid, and crystalline. The various applications of automotive plastics are interior, exterior, and under the bonnet, which are used in conventional/traditional vehicles, and electric vehicles. The global automotive plastics market is segmented - 1) By Vehicle Type: Conventional/Traditional Vehicles, Electric Vehicles 2) By Product Type: Polypropylene (PP), Polyurethane (PU), Polyvinylchloride (PVC), Polyamide (PA), Acrylonitrile Butadiene Styrene (ABS), High Density Polyethylene (HDPE), Polycarbonate (PC), Polybutylene Terephthalate (PBT) 3) By Application: Interior, Exterior, Under Bonnet The global automotive plastics market size grew from $36.49 billion in 2022 to $40.3 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive plastics market size is expected to grow to $56.02 billion in 2027 at a CAGR of 8.6%. The increase in demand for lightweight and electric vehicles is significantly contributing to the growth of the automotive plastics market. The increase in the use of plastic components in the automotive industry has boosted the advancements in the design of automobiles. It also reduces the consumption of fuel in vehicles, as less weight requires less energy when the vehicle is accelerated. For instance, in April 2022, according to the European Automobile Manufacturers' Association, a Belgium-based automotive industry standards group, 79.1 million automobiles were produced in 2021, a 1.3% rise from 2020 across the globe. Therefore, the increasing demand for lightweight and electric vehicles is driving the growth of the automotive plastics market. Major players in the automotive plastics market are BASF SE, Borealis AG, Covestro AG, DuPont, Evonik Industries, SABIC, Magna International, Inc., Akzo Nobel N.V., Arkema SA, Grupo Antolin-Irausa S.A., LyondellBasell Industries Holdings BV, Momentive Performance Materials Inc., Teijin Limited, The Dow Chemical Company, and Zoltek Companies Inc. Technological advancements are a key trend gaining popularity in the automotive plastics market. Technological advancement is the discovery of knowledge that advances the understanding of technology. For instance, in 2021, Covestro AG launched a new 3D printing material, recycled Polyethylene Terephthalate (rPET), which is used for 3D pellet printing using technology known as fused granulate fabrication (FGF), which helps in the manufacturing of large-sized parts. This technology has applications in the automotive industry for the manufacturing of interior parts. In March 2021, Lear Corp., an automotive technology company, acquired M&N Plastics for an undisclosed amount. This acquisition helps Lear Corp. increase its capabilities to design and produce complex electrical components in various automobiles. M&N Plastics is a specialist manufacturer of various engineered plastic components for the automotive industry. Asia-Pacific was the largest region in the automotive plastics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive plastics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive plastics market consists of sales of diesel vehicles, polymethyl methacrylate, nylon, Styrofoam, injection moulding, and blow moulding. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive plastics market research report is one of a series of new reports from The Business Research Company that provides automotive plastics market statistics, including automotive plastics industry global market size, regional shares, competitors with an automotive plastics market share, detailed automotive plastics market segments, market trends and opportunities, and any further data you may need to thrive in the automotive plastics industry. This automotive plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, supply, retail, and installation of all vehicle parts, tools, machines, and accessories for light and heavy vehicles, after the sale of the automobile by the OEM (original equipment manufacturer). Aftermarket parts, also called generic parts or non-OEM parts, are made by a manufacturer other than the vehicle's original manufacturer. These parts perform the same function as the original part and can be utilized as a replacement for original parts during repair and maintenance. The main product types in the automotive aftermarket market are tires, batteries, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, and turbochargers. These products are used in the maintenance and repair process of automobiles. By certification outlook, the main types of automotive aftermarket products are genuine parts, certified parts, and uncertified parts. Automotive aftermarket products are mainly used in passenger cars and commercial vehicles. These products are mainly sold through offline and online distribution channels. The global automotive aftermarket market is segmented – 1) By Types: Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Turbochargers 2) By Vehicle Type: Passenger Cars, Commercial Vehicles 3) By Certification Outlook: Genuine Parts, Certified Parts, Uncertified Parts 4) By Distribution Channels: Offline Distribution Channel, Online Distribution Channel The global automotive aftermarket market size will grow from $352.39 billion in 2022 to $411.81 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive aftermarket market is expected to grow to $727.99 billion in 2027 at a CAGR of 15.3%. Increasing sales of pre-owned and new vehicles are driving the automotive aftermarket market. For instance, as of 2021, consumers’ preference to purchase cars has almost reached pre-COVID-19 levels, mainly supported by demand in the United States and China, with new cars at 94% and used cars at 97% compared to pre-COVID-19 levels. In addition, there has been a significant increase in purchase intent for electric vehicles. So, the increasing preference for new and pre-owned vehicles is driving the demand for automotive aftermarket. Major players in the automotive aftermarket market are 3M Multinational conglomerate company, Continental AG, Delphi Automotive PLC, Federal-Mogul Corporation, COOPER TIRE & RUBBER COMPANY, Magneti Marelli S.p.A., Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, AISIN SEIKI CO., LTD., Royal Dutch Shell PLC, Lear Corporation, Exide Technologies, Inc., Johnsons Controls Inc., and Goodyear Tire & Rubber Company. Technology advancement is a key trend gaining popularity in the automotive aftermarket market. Automotive aftermarket companies are increasingly using digital technologies and going online. For instance, in 2020, Continental, a technology company offering solutions to the automotive industry, introduced a online portal for the automotive aftermarket. It helps to easily identify the suitable spare parts from the range of offer by workshops and dealers. In 2021, Spiffy, a mobile car care, technology, and services company, announced a partnership with RepairPal, an auto repair network. With this partnership, Spiffy fleet customers can access independent auto repair shops in RepairPal’s network. RepairPal’s is a US-based company that offers car owners with free car repair estimation and relates them with reliable shops that accurate fair prices, quality parts. Asia-Pacific was the largest region in the automotive aftermarket market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Automotive Aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive aftermarket includes revenue earned by entities by vehicle parts, equipment, replacement tires, service repair, collision repair and accessories. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive aftermarket research report is one of a series of new reports from The Business Research Company that provides automotive aftermarket statistics, including automotive aftermarket industry global market size, regional shares, competitors with automotive aftermarket share, detailed automotive aftermarket segments, market trends and opportunities, and any further data you may need to thrive in the automotive aftermarket industry. This automotive aftermarket research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.