Market Size of ASEAN Automotive OEM Coatings Industry
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 8.61 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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ASEAN Automotive OEM Coatings Market Analysis
The ASEAN Automotive OEM Coatings market is expected to reach around USD 620 million by the end of this year and is projected to register a CAGR of over 8.61 % during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached its pre-pandemic levels and is forecasted to grow steadily.
- The Increasing Demand for Passenger Cars is anticipated to be one of the major factors driving the growth of the Automotive OEM coatings market.
- On the flip side, shortages of semiconductors and other components are likely to negatively affect the demand for Auto OEM coatings consumption in the region.
- The Market expansion is anticipated to be supported by Increasing Demand for Electronic Vehicles
- In the End-User segment, the Passenger Cars segment is expected to dominate the country's automotive OEM coatings market.
- In ASEAN, Indonesia is one of Southeast Asia's largest passenger car manufacturing nations.
