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Automotive Coatings, Sealants and Adhesives Market in the USA
Automotive Coatings, Sealants and Adhesives Market in the USA
- Report price : $ 4 500
- Publication date : January 2008
Automotive Coatings, Sealants and Adhesives Market in the USA
US demand to exceed $5 billion in 2012
US demand for automotive coatings, adhesives and sealants is forecast to surpass $5 billion by 2012. Motor vehicle production will rebound from the declines experienced during the 2002- 2007 period, spurring demand in the OEM market. Rapid growth in the production rates of medium and heavy vehicles -- particularly medium-duty trucks, which will climb 7.0 percent per year through 2012 -- will positively impact the market. However, while passenger cars will achieve the greatest turnaround in terms of production, the impact will be muted as these vehicles consume less coatings, adhesives and sealants on a per vehicle basis than larger vehicles. A continued rise in the number of vehicles in use will promote demand growth in the automotive aftermarket.
Consumer desire for larger vehicles to benefit demand
Having overtaken automobiles in 1998, light trucks and sport utility vehicles (SUVs) are the leading type of motor vehicle produced in the US. This shift in the product mix toward larger vehicles, which are more intensive users of coatings, adhesives and sealants, will continue to impact growth in demand for these products in the aftermarket going forward. Despite below average gains in the production of these vehicles due to high fuel prices and market saturation, the number of such large light vehicles will continue to increase as a percentage of total light vehicles in use. The consequent shift in composition of the vehicle park will favor the aftermarket for coatings, adhesives and sealants, as larger light vehicles require more materials on a per vehicle basis than conventional automobiles.
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