Report ID: 10220898 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Coatings are applied on substrates for protection and decoration purposes by Original Equipment Suppliers (OEM) by various industry verticals such as automotive, aerospace and packaging among others. Coatings are applied on substrates to prevent them from wear and tear along with rust and corrosion. In the recent times coatings are as less as 100µm thick and mostly moisture, dust and UV resistant. Earlier metallic coatings were used by the automotive industry rom tier 1 to tier 2 suppliers as well as OEMs, that constitute of lead and chromium among others. However, with rising awareness of toxic influence to employees with the emission of gasses from while using metal base coatings and other Volatile Organic Compounds (VOC), the market drifted towards the usage of water-based coatings. According to Insights and Reports the global OEM Coatings market is expected to reach approximately US$ 73 Bn by 2025 growing at a prime CAGR of 4.5%. This growth can be quantified by the application of coatings in the automotive industry and is expected to account for approximately 37% of the total market.
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Report ID: 10220898 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
