Egypt Automotive OEM Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Egypt Automotive OEM Coatings Market Analysis
- The Egypt Automotive OEM Coatings Market is expected to reach USD 3.8 million by the end of this year and is projected to register a CAGR of over 3% during the forecast period.
For the past two years, the Egypt Automotive OEM Coatings market has remained stagnant.The country is yet to experience a spike in demand for auto OEM coatings, as there was no growth in the production of vehicles in 2021. - One of the factors driving market growth is an increase in passenger car assembly line production, which will increase demand for automotive OEM coatings in the future.
- The stringent regulations regarding VOC limits and other toxic substances in paints and coatings are creating hindrances in the market.
There has been an increase in R&D for developing various bio-based OEM coatings on the market in view of the stringent VOC regulations set by the governing bodies. The market studied is expected to see growth opportunities during the forecast period as bio-based coating technologies become more prevalent.
Egypt Automotive OEM Coatings Market Trends
This section covers the major market trends shaping the Egypt Automotive OEM Coatings Market according to our research experts:
Economical Conditions having a negative impact on the demand for Automotive OEM coaitngs
- Egypt's auto industry has slowed down a lot because of the economy. As a result, there aren't as many new cars on the market, and the prices of used cars have gone up a lot.
- Since March 2022, the country's domestic car market has come to a halt.With the Egyptian pound depreciating against the dollar, new passenger car prices have also increased.
- Because inflation was going up, the new import policy made the depreciation effect worse. This led to a shortage of new cars, which stopped the market.
- Due to the shortage of new cars, there is a huge demand for used vehicles in the market.
- The ongoing semiconductor shortage and disruption in supply chain management have further impacted the production of new vehicles.
- All of the things listed above hurt the demand in the country for automotive OEM coatings.
Solvent Borne Coatings To Dominate The Automotive OEM coatings
- Waterborne coatings, solvent-borne coatings, electrocoats, and powdered coatings are some of the commonly used technologies in auto OEM coatings.
- The solvent-borne automotive OEM coating is a liquid layer of protection made mostly of organic compounds. It is put on the surface of a material to protect it from corrosion, chemical effects, and other outside factors.
- Solvent-borne coatings are used a lot in the OEM coatings market for cars because they have good performance, are cheap, and have a high viscosity.
- In recent times, due to various environmental safety measures, various coating manufacturers have invested in the development of new coating technologies.
- Water is used as the medium or vehicle for the film-forming resins in water-borne automotive OEM coatings.Waterborne coatings have low levels of volatile organic compounds (VOC) and high levels of solids. They offer good durability, chemical resistance, and color retention.
- Advances in water-borne coatings, the usage of bio-based raw materials, etc. are some of the technologies being studied in order to reduce the VOC content and also to get the desired results for coatings used in various automotive vehicles.
- Water-borne acrylic alkyd hybrids are a new technology that helps with clean-up and low VOC levels, as well as leveling and durability.It helps to reduce the content of coalescing and process solvents more, often targeting close to zero VOC to meet regulatory demands in critical markets.
Due to the stringent laws passed by the governing bodies in the country, water-borne OEM coatings are growing at a faster rate and are expected to be the most dominant technology in the future.
Egypt Automotive OEM Coatings Industry Overview
The Egypt Automotive OEM Coatings market is consolidated in nature. Some of the key players (not in any particular order) in the market include Akzo Nobel N.V.,Axalta Coating Systems, BASF SE, Nippon Paint Holdings, and RPM International Inc.
Egypt Automotive OEM Coatings Market Leaders
-
AkzoNobel N.V
-
Axalta Coatings Systems
-
BASF SE
-
Nippon Paint Holdings
-
RPM International
*Disclaimer: Major Players sorted in no particular order
Egypt Automotive OEM Coatings Market News
The recent developments pertaining to the major players in the market are being covered in the complete study.
Egypt Automotive OEM Coatings Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DNAMICS
4.1 Drivers
4.1.1 Implementation of Government Strategies to Localize Autotmotive Manufacturing Industry
4.2 Restraints
4.2.1 Slow Growth in Automotive Industry
4.2.2 Economical Conditions
4.2.3 Stringent VOC Regulations Set By The Governing Bodies
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Resin
5.1.1 Acrylic
5.1.2 Alkyd
5.1.3 Epoxy
5.1.4 Polyurethane
5.1.5 Polyester
5.1.6 Other Resins
5.2 Layer
5.2.1 E-Coat
5.2.2 Pirmer
5.2.3 Base Coat
5.2.4 Clear Coat
5.3 Technology
5.3.1 Water-Borne
5.3.2 Solvent-Borne
5.3.3 Electrocoats
5.3.4 Powder Coatings
5.4 Application
5.4.1 Passenger Vehicles
5.4.2 Commercial Vehicles
5.4.3 ACE
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market share**/Ranking Analysis
6.3 Stratergies Adopted by Leading players
6.4 Company Profiles
6.4.1 Akzo Nobel N.V.
6.4.2 Axalta Coating Systems
6.4.3 BASF SE
6.4.4 El Gammal
6.4.5 Nippon Paint Holdings Co., Ltd.
6.4.6 RPM International
6.4.7 Southeast Auto Paint
6.4.8 United Coating
- *List Not Exhaustive
7. MARKET OPPORTUITIES AND FUTURE TRENDS
7.1 Emerging Technologies for the Lower VOC Coatings used in various automotive vehicles.
Egypt Automotive OEM Coatings Industry Segmentation
Automotive OEM coatings are applied to the surface of vehicles for surface protection and to improve the vehicle's aesthetic look. The Market report has been segmented by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Others), Layer (E-Coat, Primer, Base Coat, and Clear Coat), Technology (Water-Borne, Solvent Borne, Electrocoats and Powdered Coatings) and Application (Passenger Vehicles, Commercial Vehicles, ACE). The report offers market size and forecasts for Egypt Automotive OEM Coatings in revenue (USD million) for all the above segments.
| Resin | |
| Acrylic | |
| Alkyd | |
| Epoxy | |
| Polyurethane | |
| Polyester | |
| Other Resins |
| Layer | |
| E-Coat | |
| Pirmer | |
| Base Coat | |
| Clear Coat |
| Technology | |
| Water-Borne | |
| Solvent-Borne | |
| Electrocoats | |
| Powder Coatings |
| Application | |
| Passenger Vehicles | |
| Commercial Vehicles | |
| ACE |
Egypt Automotive OEM Coatings Market Research FAQs
What is the current Egypt Automotive OEM Coatings Market size?
The Egypt Automotive OEM Coatings Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Egypt Automotive OEM Coatings Market?
AkzoNobel N.V, Axalta Coatings Systems, BASF SE, Nippon Paint Holdings and RPM International are the major companies operating in the Egypt Automotive OEM Coatings Market.
What years does this Egypt Automotive OEM Coatings Market cover?
The report covers the Egypt Automotive OEM Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Egypt Automotive OEM Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Egypt Automotive OEM Coatings Industry Report
Statistics for the 2024 Egypt Automotive OEM Coatings market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Egypt Automotive OEM Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
