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South Africa Automotive OEM Coatings Market Size (2024 - 2029)

The South Africa Automotive OEM Coatings Market is experiencing growth, driven by an increase in vehicle production. However, the market faces challenges due to stringent regulations on VOC limits and toxic substances in coatings. In response, there is a notable rise in research and development efforts focused on bio-based OEM coatings to comply with these regulations.

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Market Size of South Africa Automotive OEM Coatings Industry

South Africa Automotive OEM Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 6.00 %
Market Concentration High

Major Players

South Africa Automotive OEM Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

South Africa Automotive OEM Coatings Market Analysis

The South Africa Automotive OEM Coatings Market is expected to reach USD 64.116 Million by the end of this year and is projected to register a CAGR of over 6% during the forecast period.

The South Africa Automotive OEM coatings market has seen a slight increase in 2021 as there was an increase in the production of vehicles compared to 2020. The country maintained a 12% growth in 2021 compared to last year.

  • The driving factors that tend to the market growth include an increase in the production of Auto OEM vehicles in 2021, and according to OICA, there was a total of 4,99,087 units of vehicles produced, including passenger cars, commercial vehicles, busses, and trucks.
  • The stringent regulations regarding the VOC limits and other toxic substances in paints and coatings are creating hindrances in the market.
  • There has been an increase in the R&D for developing various bio-based OEM coatings in the market in view of stringent VOC regulations set by the governing bodies.

South Africa 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 South Africa Automotive OEM Coatings in revenue (USD million) for all the above segments.

Resin
Acrylic
Alkyd
Epoxy
Polyurethane
Polyester
Other
Layer
E-Coat
Pirmer
Base Coat
Clear Coat
Technology
Water-Borne
Solvent-Borne
Electrocoats
Powder Coatings
Application
Passenger Vehicles
Commercial Vehicles
ACE
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South Africa Automotive OEM Coatings Market Size Summary

The South Africa Automotive OEM Coatings Market is experiencing a gradual expansion, driven by an increase in vehicle production and a focus on integrating into the global automotive landscape. The industry significantly contributes to the national GDP, with a substantial portion coming from automotive manufacturing and retail. The market is characterized by a shift towards environmentally friendly coatings, prompted by stringent regulations on volatile organic compounds (VOCs) and other toxic substances. This has led to increased research and development in bio-based OEM coatings and a rising demand for water-borne solutions. The market is consolidated, with key players like Akzo Nobel N.V., Axalta Coating Systems, BASF SE, PPG Industries, and Kansai Paint Co., Ltd. playing pivotal roles in driving innovation and sustainability.

The South African automotive sector is strategically positioned to enhance its global footprint, with plans to significantly increase car manufacturing by 2035. The Automotive Production Development Program (APDP) aims to boost local production of automotive parts while maintaining incentives for OEMs. The market's growth is supported by investments from major automotive companies, such as Ford and BMW, who are adopting advanced coating technologies to reduce environmental impact. Despite the slow adoption of eco-friendly coatings due to the time required for technological development, initiatives like the use of low-VOC paints and sustainable coating solutions are gaining traction, aligning with global sustainability goals.

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South Africa Automotive OEM Coatings Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION

    1. 1.1 Resin

      1. 1.1.1 Acrylic

      2. 1.1.2 Alkyd

      3. 1.1.3 Epoxy

      4. 1.1.4 Polyurethane

      5. 1.1.5 Polyester

      6. 1.1.6 Other

    2. 1.2 Layer

      1. 1.2.1 E-Coat

      2. 1.2.2 Pirmer

      3. 1.2.3 Base Coat

      4. 1.2.4 Clear Coat

    3. 1.3 Technology

      1. 1.3.1 Water-Borne

      2. 1.3.2 Solvent-Borne

      3. 1.3.3 Electrocoats

      4. 1.3.4 Powder Coatings

    4. 1.4 Application

      1. 1.4.1 Passenger Vehicles

      2. 1.4.2 Commercial Vehicles

      3. 1.4.3 ACE

South Africa Automotive OEM Coatings Market Size FAQs

The South Africa Automotive OEM Coatings Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Akzo Nobel N.V., Axalta Coating Systems, BASF SE, Kansai Plascon and PPG Industries are the major companies operating in the South Africa Automotive OEM Coatings Market.

South Africa Automotive OEM Coatings Report Snapshots

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