Please Wait.....
Report
Italy Automotive Oem Coatings Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 80 Pages I Mordor Intelligence
The Italian automotive OEM coatings market was valued at USD 100 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.
Key Highlights
The government's involvement in introducing tax benefits, initiatives, policies, and incentives and the increasing consumer preference is driving the Italy 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 in the forecast period.
Italy 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 Italy 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.
Italy Automotive OEM passenger vehicles production volume declined by around 2% to 4,42,432 units as compared to 4,51,826 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 Italy.
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 2022, Italy witnessed significant growth in electric vehicle registrations. This is because of the support offered by the government in the name of commercial grants, which are given to EV owners who purchased their vehicles between January 1, 2021, and December 31, 2021. The tax benefits included exemption from paying ownership tax for five years and a 75% reduction in tax afterward.
Moreover, in 2022, the Italian government has planned to offer around EUR 6000 subsidy to consumers planning new electric car purchases. This is in line with achieving zero-emission mobility in the country.
Moreover, to reduce semiconductor shortage, in 2022, Italy is in agreement to sign a deal of around USD 5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, thus, catering to the demand for semiconductor shortage in the country.
Therefore owing to the above-mentioned incentives and investments, the automotive OEM market in Italy is likely to grow in the forecast period.
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 are 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 water-based coatings' performance and drying times.
Moreover, water-borne acrylic alkyd hybrids provide good clean-up and low VOC levels, along with 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, among others.
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.
Italy Automotive OEM Coatings Market Competitor Analysis
The Italian 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 others.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Consumer Preferences
4.2.2 Government Involvement Boosting Market Growth
4.2.3 Other Drivers
4.3 Market Restraints
4.3.1 Shortage of semiconductors
4.3.2 Price Hikes of Raw Materials
4.3.3 Other Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size in Value)
5.1 Application
5.1.1 Passenger Cars
5.1.2 Commercial Vehicles
5.1.3 ACE
5.2 Technology
5.2.1 Waterborne
5.2.2 Solvent-borne
5.2.3 Other Technologies
5.3 Resin
5.3.1 Acrylic
5.3.2 Epoxy
5.3.3 Alkyd
5.3.4 Polyurethane
5.3.5 Polyester
5.3.6 Other Resins
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) **/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AkzoNobel NV
6.4.2 ANGUS
6.4.3 Armorthane
6.4.4 Axalta Coatings Systems
6.4.5 BASF SE
6.4.6 Beckers Group
6.4.7 Mader
6.4.8 Mankiewicz
6.4.9 Merck Group
6.4.10 Nippon Paint Holdings Co., Ltd.
6.4.11 PPG Industries Inc.
6.4.12 RPM International Inc.
6.4.13 Specialty Coating Systems Inc.
6.4.14 The Sherwin Williams Company
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Demand for EVs
7.2 Bio-Based Coatings for Sustainable Solutions
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security