France Automotive OEM Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The France Automotive OEM Coatings Market has been Segmented by Resin (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), Technology (Water-borne, Solvent-borne, Powder, and Other Coating Technologies), and Application (Passenger Cars, Commercial Vehicles, and ACE). The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.

France Automotive OEM Coatings Market Size

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France Automotive OEM Coatings Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 3.50 %
Market Concentration Low

Major Players

France Automotive OEM Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

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France Automotive OEM Coatings Market Analysis

The French automotive OEM coatings market was valued at USD 200 million by the end of this year. The market is projected to register a CAGR of over 3.5% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.

  • The government's involvement in introducing tax benefits, initiatives, policies, and incentives and the increasing consumer preference is driving the French automotive OEM market.
  • With supply chain disruptions post-COVID-19, the shortage of semiconductors has created a hindrance in automotive OEM production, thus becoming a restraint for the automotive OEM coatings market.
  • As the government is focussing on reducing dependency on fossil-based energy and stricter fuel-efficiency rules, the demand for hybrid and electric vehicles is expected to increase, thus creating opportunities for automotive OEM coatings during the forecast period.

France Automotive OEM Coatings Market Trends

Government Involvement to Boost Market Growth

  • The automobile sector is facing an upstream downstream in the market, and supply chains across France have a significant impact. While semiconductor shortages are improving slightly, the negative growth is to have an impact till the latter half of 2022 and is expected to recover by 2023.
  • The production volume of the automotive OEM passenger vehicles in France declined by 1% to 9,17,907 units as compared to 9,27,718 units produced in 2020. To strengthen the industry, the government is taking several initiatives to support the recovery. Several investments have been made to support the automotive OEM sector in France.
  • With a significant focus on sustainable solutions, including electric and hybrid vehicles, a positive shift toward EV production is increasing. With a focus on automobile standards, the government is implementing various policies and initiatives, launching incentives and funding programs to reduce dependency on petrol and diesel vehicles in the region.
  • For instance, in 2021, France witnessed a significant growth of 58% in electric vehicle registrations. This is because of the support offered by the government in the name of an electric bonus through which up to 27% incentives are offered during purchase. The climate goals of France, which mandate net-zero vehicle emissions by 2035, are further expected to boost the demand for the automotive OEM coatings market in the region.
  • Moreover, to reduce the semiconductor shortage, in 2022, France has aimed to invest USD 5.7 billion through subsidiaries to develop and build semiconductor production plants in the region. In July 2022, the contract was awarded to Chipmakers STMicroelectronics and GlobalFoundries for the production of semiconductors in France.
  • Therefore owing to the above-mentioned incentives and investments, the automotive OEM market in France is likely to grow during the forecast period.
France Automotive OEM Coatings Market: Total Number of Vehicles Produced, in Value, France, 2016-2021

Lower VOC Coatings on the Rise

  • Although solvent-borne technology accounts for most of the market, it is predicted to slowly reduce over the forecast period.
  • Regulations governing VOC emissions from hazardous air pollutants contained in solvent-borne automotive OEM coatings, such as toluene, xylene, ethylbenzene, and methyl ethyl ketone, which is one of the major factors limiting the expansion of solvent-borne automotive OEM coatings.
  • Water-based automotive OEM coatings are becoming increasingly popular due to their environmental friendliness, durability, and performance efficiency. Water-borne automotive OEM coatings are those in which water is used as the diluent or vehicle for the film-forming resins. Water-borne coatings have low volatile organic compounds (VOC) and high solid levels. They offer good durability, chemical resistance, and color retention.
  • For instance, mild co-solvent reducers and additives are being developed to improve the performance of water-based coatings and drying times.
  • Moreover, water-borne acrylic alkyd hybrids provide good clean-up, low VOC levels, and good leveling and durability. The trend is to reduce the content of coalescing and process solvents more, often targeting close to zero VOC to meet regulatory demands in the critical OEM market, which includes passenger vehicles, heavy trucks, and light commercial vehicles.
  • The increasing adoption of waterborne automotive coatings is due to their physical and chemical qualities, such as high chemical resistance, low processing temperature, and solvent-free formulations.
  • Owing to the above-mentioned factors, waterborne technology is expected to grow significantly during the forecast period.
France Automotive OEM Coatings Market, by CAGR(%), by Coating Technology, 2022-2027

France Automotive OEM Coatings Industry Overview

The French automotive OEM coatings market is consolidated in nature. Some of the major players in the market (not in any particular order) include RPM International Inc, AkzoNobel NV, Axalta Coatings Systems, BASF SE, and PPG Industries Inc., among other companies.

France Automotive OEM Coatings Market Leaders

  1. RPM International Inc.

  2. AkzoNobel N.V.

  3. Axalta Coatings Systems

  4. BASF SE

  5. PPG Industries, Inc.

*Disclaimer: Major Players sorted in no particular order

France Automotive OEM Coatings Market Concentration
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France Automotive OEM Coatings Market News

  • In April 2022, Blanchon, a European player in protective and decorative coatings and paints, acquired Rigo Verffabriek and Rigo Verfcentrum, a Dutch family-owned business. The move is further aimed to expand its paints and coatings business in the European region including France.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Consumer Preferences

      2. 4.2.2 Government Involvement Boosting Market Growth

      3. 4.2.3 Other Drivers

    3. 4.3 Market Restraints

      1. 4.3.1 Shortage of semiconductors

      2. 4.3.2 Price Hikes of Raw Materials

      3. 4.3.3 Other Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Application

      1. 5.1.1 Passenger Cars

      2. 5.1.2 Commercial Vehicles

      3. 5.1.3 ACE

    2. 5.2 Technology

      1. 5.2.1 Water-borne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Other Coating Technologies

    3. 5.3 Resin

      1. 5.3.1 Acrylic

      2. 5.3.2 Epoxy

      3. 5.3.3 Alkyd

      4. 5.3.4 Polyurethane

      5. 5.3.5 Polyester

      6. 5.3.6 Other Resin Types

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) **/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AkzoNobel NV

      2. 6.4.2 ANGUS

      3. 6.4.3 Armorthane

      4. 6.4.4 Axalta Coatings Systems

      5. 6.4.5 BASF SE

      6. 6.4.6 Beckers Group

      7. 6.4.7 Mader

      8. 6.4.8 Mankiewicz

      9. 6.4.9 Merck Group

      10. 6.4.10 Nippon Paint Holdings Co., Ltd.

      11. 6.4.11 PPG Industries Inc.

      12. 6.4.12 RPM International Inc.

      13. 6.4.13 Specialty Coating Systems Inc.

      14. 6.4.14 The Sherwin Williams Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand for EVs

    2. 7.2 Bio-based Coatings for Sustainable Solutions

**Subject to Availability
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France Automotive OEM Coatings Industry Segmentation

OEM is the original manufacturer of the components of a vehicle. Automotive OEM coatings are used in the manufacturing of the body parts of automotive vehicles.

 The market is segmented by resin, layers, vehicle type, and geography. By Resin, the market is segmented into Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin. By Technology, the market is segmented into Water-borne, Solvent-borne, Powder, and Other Coating Technologies. By Application, the market is segmented into Passenger Cars, Commercial Vehicles, and ACE. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Application
Passenger Cars
Commercial Vehicles
ACE
Technology
Water-borne
Solvent-borne
Other Coating Technologies
Resin
Acrylic
Epoxy
Alkyd
Polyurethane
Polyester
Other Resin Types
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Frequently Asked Questions

The France Automotive OEM Coatings Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)

RPM International Inc., AkzoNobel N.V., Axalta Coatings Systems, BASF SE and PPG Industries, Inc. are the major companies operating in the France Automotive OEM Coatings Market.

The report covers the France Automotive OEM Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the France Automotive OEM Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

France Automotive OEM Coatings Industry Report

Statistics for the 2024 France Automotive OEM Coatings market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. France Automotive OEM Coatings analysis includes a market forecast outlook to for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.

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France Automotive OEM Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)