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Growth Opportunities for Sealants in Global Automotive Industry 2015-2020

  • September 2015
  • -
  • Lucintel

Summary

Table of Contents

According to a new market report published by Lucintel, the future of sealants in the global automotive industry looks attractive with increasing penetration of lightweight materials and rising vehicle production. Sealants in the global automotiveindustry are forecast to grow at a CAGR of 7.1% from 2015 to 2020. The major growth drivers for this market are anincrease in the usage of lightweight materials in vehicle manufacturing and replacement of mechanical gaskets to make vehicles lighterand to meet higher fuel economy.Corrosion and chemical resistance properties of sealantsand their ability to reduce noise and vibration while providing significant cost savings are additional factors contributing to accelerated growth of the market.
In this market, polyurethane, plastisols, butyl, silicone, and other sealants are used for automotive applications.Lucintel predicts that the demand for polyurethane-based sealantswill remain the largest segment due to its high compatibility with plastic and rubber. On the basis of its comprehensive research, Lucintel forecasts that polyurethane based sealantswillwitnessthe highest growth during the forecast period, supported by increasing penetration of light materials. Polyurethane sealants are high-performance sealants, noted for their elasticity and excellent abrasion resistance.
In terms ofsealants in theautomotive industry, the passenger car segment is expected to remain the largest segment by value and volume consumption. Development of sealing and bonding technologies for applications in the automotive industry is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to an increase in production of cars and light commercial vehicles in China and India.Europe and North America are expected towitness significant growth over the forecast period due to increasingpenetration of sealants andincreasing in automotive production.
For market expansion, the report suggests innovation and new product development, so that the unique characteristics of sealantscan be capitalized. The report further suggests the development of partnerships with customers and the development of low-cost solutions for end users.
The emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of composites and lightweight materials in the automotive industry; also, the demand for better insulated cabins in passenger cars is generating opportunities for the use of sealants. Henkel AG & Co KGaA, 3M Company, The Dow Chemical Company, andSika AGare among the major suppliers of automotive sealants. There are some companies that are opting for M&A as a strategic initiative for driving growth.

Lucintel, a leading global strategic consulting and market research firm, has analyzed sealants inthe global automotive industry by vehicle, resin, application type, and region and has come up with a comprehensive research report, “Growth Opportunities for Sealants in Global Automotive Industry 2015-2020: Trend, Profit, and Forecast Analysis.” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast forsealants in theglobal automotive industry through 2020, segmented by vehicle, resin, application type, and region as follows:
By vehicle type[volume (million pounds) and $ million shipment from 2009 to 2020]
Passenger Cars Light Commercial Vehicles

By product [volume (million pounds) and $ million shipment from 2009 to 2020]
Polyurethane Sealants Plastisol Sealants Butyl Sealants Silicone Sealants Other Sealants (Polysulfide Sealants and Silyl Modified Sealants)
By region[volume (million pounds) and $ million shipment from 2009 to 2020]
North America Europe Asia Pacific Rest of World
By application [volume (million pounds) and $ million shipment for 2014 and 2020]
Interior Application Exterior Application

This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.

Some of the features of “Growth Opportunities for Sealants in Global Automotive Industry 2015-2020: Trend, Forecast, and Opportunity Analysis” include:

Market size estimates: Sealants in global automotive industry size estimation in terms of volume (M lbs) and value ($ Mil) shipment. Trend and forecast analysis: Sealants in global automotive industry trend (2009-2014) and forecast (2015-2020) by region and by segment. Segmentation analysis: Sealants in global automotive industry size by various resin type such as polyurethane, plastisol, butyl, silicone and others. Sealants in global automotive industry size by various vehicle type such as passenger cars and light commercial vehicle Regional analysis: Sealants in global automotive industry breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of World. Sealants in global automotive industry size by various application type for current year such as interior and exterior Growth opportunities: Analysis on growth opportunities in different applications and regions. Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of sealants in global automotive industry suppliers. Emerging applications: Emerging applications of sealants in global automotive industry in various markets. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

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