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The United States automotive OEM coatings market value is projected to grow at a CAGR of 4.60% between 2024 and 2032.
Base Year
Historical Year
Forecast Year
United States Automotive OEM Coatings Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | XX |
Market Size 2032 | USD Million | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.6% |
CAGR 2024-2032 - Market by Region | Far West | 5.3% |
CAGR 2024-2032 - Market by Region | Rocky Mountain | 5.0% |
CAGR 2024-2032 - Market by Coating Type | Electrocoat | 5.1% |
CAGR 2024-2032 - Market by Technology | Water-Borne | 5.2% |
2023 Market Share by Region | Great Lakes | 4.0% |
Constant improvements in coating technologies, including the development of powder and waterborne coatings, are expected to propel the market growth. For example, thin-film primers which are made using waterborne technology are being extensively used to coat OEM automotive body parts. Moreover, government of the US have implemented stricter fuel-efficiency regulations, which has increased the demand for lightweight and fuel-efficient OEM parts for vehicles. This can provide lucrative United States automotive OEM coatings market opportunities. Additionally, the US government is investing in billions to facilitate an ‘all-electric’ future with electric vehicles and a network of 500,000 electric charging stations by 2030. As per industry reports, total sales of EVs are expected to reach 1.5 million units in 2024. This rising penetration of e-vehicles in the country is also expected to drive the growth of the market.
Value in
2024-2032
United States Automotive OEM Coatings Market Outlook
*this image is indicative*
CAGR 2024-2032 - Market by | Region |
Far West | 5.3% |
Rocky Mountain | 5.0% |
Southwest | 4.7% |
New England | XX% |
Mideast | XX% |
Plains | XX% |
Southeast | XX% |
Great Lakes | XX% |
In the market from 2024 to 2032, water-borne coatings are expected to lead with a CAGR of 5.2%, driven by increasing environmental regulations and the demand for low-VOC (volatile organic compounds) solutions that offer excellent performance and durability. Powder coatings follow closely with a CAGR of 4.9%, reflecting their growing popularity in industrial applications due to their efficiency, durability, and environmental benefits. Solvent-borne coatings, with a CAGR of 4.7%, continue to see demand in applications where quick drying times and strong adhesion are required, though their growth is tempered by environmental concerns.
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States automotive OEM coatings market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States automotive OEM coatings market.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States automotive OEM coatings market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States automotive OEM coatings market landscape.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Coating Type |
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Breakup by Technology |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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