Overview of OEM Coating Market

Coatings are paints used to cover surfaces of objects to protect and enhance their visual appeal. The most common types include water-based, powder, and solvent-based coatings. These coatings provide a high level of protection against strong UV exposure, extreme temperature ranges, acid rain, and other foreign particles, while also improving the durability of the objects.

Original Equipment Manufacturers (OEM) coatings are used for decorating and protecting substrates. These coatings can protect substrates from corrosion and wear, thereby extending the lifespan of the objects. Initially, vehicle coatings were metallic coatings (made of lead, chromium, and other heavy metals), but the market has shifted towards using water-based coatings due to their harmful characteristics.

Segmentation Analysis of OEM Coating Market

Based on types, the market can be segmented into water-based coating market, powder coating market, and solvent-based coating market. Powder coatings have better durability and do not contain solvents and volatile organic compounds, giving them environmental advantages. The powder coating segment holds a relatively larger share as a result.

Based on end-use applications, the primary end-users of OEM coatings are automotive, followed by furniture. Industrial coatings consumption in applications such as coil, packaging, construction, agriculture, and wood fall under general industrial section. The demand for coil coatings in applications such as metal roofs, wall panels, HVAC equipment, automobiles, appliances, and others is continuously increasing, expected to have a positive impact on the overall market growth during the forecast period. This is due to the excellent corrosion resistance, long-lasting color, and scratch-resistant properties of coil coatings.

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