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Global Automotive Coatings Adhesives and Sealants Market 2016-2020

Global Automotive Coatings Adhesives and Sealants Market 2016-2020

This market research report identifies players like AkzoNobel, Axalta Coating, Henkel, PPG, and Sherwin-Williams to be the key vendors in the global automotive coatings, adhesives, and sealants market. This research report also presents a detailed segmentation of the market by technology (solvent-based, water-based, and powder), vehicle type (passenger car, light commercial, and heavy commercial vehicles), by end-users (OEMs and refinish), and by geography (the Americas, APAC, and EMEA).

Global outlook of the automotive coatings, adhesives, and sealants market

Technavio’s market research analyst has predicted that the global market for automotive coatings and adhesives and sealants will grow at a CAGR of almost 6% and above 5% respectively, by 2020.  Many countries are enforcing regulations to improve efficiency and reduce carbon emissions of automobiles. This is driving the development of light vehicles and has increased the use of plastics in automobiles to reduce weight. Another development in the market is the increased focus on UV-curable coatings which exhibit high performance and provide faster assembly line benefits. Vendors in the market are also introducing innovative UV-cure products such as clear coats that offer scratch and mar resistance. In addition, bio-based water-soluble adhesives and sealants made of eco-friendly and natural ingredients, such as dextrin adhesives, resin adhesives, and starch adhesives, are gaining popularity in the market. These adhesives ensure sustainable development and operational efficiency for manufacturers as they minimise energy consumption and production expenses and enhance product freshness, convenience, and attractiveness.

APAC will continue to dominate the market during the forecast period and is anticipated to occupy more than 47% of the overall market revenue. Much of the region’s growth can be attributed to China and India which are expected to be the fastest-growing markets for automotive OEM coatings. Factors such as tax subsidies, incentives, and liberal government regulations are propelling automotive OEMs to focus their investments in this region. Also, the availability of cheap labor and easy access to raw materials will attract the interest of several international automakers, significantly contributing to the growth of the overall market in this region in the coming years.

Competitive landscape and key vendors

The global automotive coatings, adhesives, and sealants market is extremely fragmented and highly competitive with the presence of many international and regional vendors. The market is technologically driven and is easily affected by macroeconomic factors and prices of raw materials. The strong position of international players will restrict the entry of new players in the market during the forecast period.

Leading vendors in the market are -

AkzoNobel

Axalta Coating

Henkel

PPG

Sherwin-Williams

Other prominent vendors in the automotive coatings, adhesives, and sealants market include 3M, Arkema, BASF, DuPont, and Huntsman.

Segmentation by technology and analysis of the automotive coatings, adhesives, and sealants market

Solvent-based

Water-based

Powder

The solvent-based automotive segment dominated the market and accounted for around 65% of the total market share in 2015. Solvent-based coatings can be classified into high-solid solvent-borne and conventional solvent-borne coatings. Stringent regulations regarding the emission of volatile organic compounds (VOCs), especially in North America and Western Europe are compelling automotive OEMS to develop eco-friendly alternatives to coatings, adhesives, and sealants. The growing awareness about the eco-friendly alternatives is foreseen to increase their consumption significantly in the coming years.

Segmentation by vehicle type and analysis of the automotive coatings, adhesives, and sealants market

OEMs

Refinish

The OEMs segment is the largest end-user segment in the automotive coatings, adhesives, and sealants market and will occupy around 53% of the total market share by 2020. The major reason for this segment’s growth is the increased production of automobiles in APAC. The rising production of smaller vehicles such as microcars, subcompacts, and superminis is likely to boost prospects for the growth of the OEM coatings market in the coming years. The introduction of innovative products will also drive the market for automotive OEM clear coats. For instance, BASF offers iGloss, a novel clearcoat that ensures cars appear new and lustrous for a longer time.

 Key questions answered in the report include

What will the market size and the growth rate be in 2020?

What are the key factors driving the global automotive coatings, adhesives, and sealants market?

What are the key market trends impacting the growth of the global automotive coatings, adhesives, and sealants market?

What are the challenges to market growth?

Who are the key vendors in the global automotive coatings, adhesives, and sealants market?

What are the market opportunities and threats faced by the vendors in the global automotive coatings, adhesives, and sealants market?

Trending factors influencing the market shares of the Americas, APAC, and EMEA.

What are the key outcomes of the five forces analysis of the global automotive coatings, adhesives, and sealants market?

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  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global automotive coatings, adhesives, and sealants market
      • Table Global automotive coatings, adhesives, and sealants market by type
      • Table Global automotive coatings market
      • Table Global automotive coatings, adhesives, and sealants by geography
  • Market research Methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview
  • Market landscape
    • Global automotive coatings, adhesives, and sealants market
      • Table Global automotive coatings, adhesives, and sealants market 2015-2020 ($ billions)
      • Table Global automotive coatings, adhesives, and sealants market by type 2015 and 2020
      • Table Global automotive coatings market 2015-2020 ($ billions)
      • Table Global automotive adhesives and sealants market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by coating technology
    • Table Global automotive coatings market by technology 2015 and 2020
    • Global solvent-based coatings market
      • Table Global solvent-based coatings market 2015-2020
    • Global water-based coatings market
      • Table Global water-based coatings market 2015-2020
    • Global powder and UV-curable coatings market
      • Table Global powder and UV-cure coatings market 2015-2020 ($ billions)
  • Market segmentation by vehicle type
    • Table Global automotive coatings market by vehicle type 2015
    • Market overview
      • Table Global electric vehicle sales 2015
      • Table Global passenger vehicle production 2015-2020 (millions of units)
      • Table Global light commercial vehicle production 2015-2020 (millions of units)
      • Table Global heavy commercial vehicle production 2015-2020 (millions of units)
  • Market segmentation by coatings end-user
    • Table Global automotive coatings market by end-user 2015 and 2020
    • Global automotive OEM coatings market
      • Table Global automotive OEM coatings market 2015-2020 ($ billions)
      • Table Global automotive OEM coatings market by functional layer 2015
    • Global automotive refinish coatings market
      • Table Global automotive refinish coatings market 2015-2020 ($ billions)
      • Table Segmentation of global automotive refinish coatings market by vehicle age (based on volume) 2015
  • Geographical segmentation
    • Table Global coatings, adhesives, and sealants market by geography 2015 and 2020
    • Automotive coatings, adhesives, and sealants market in APAC
      • Table Automotive coatings, adhesives, and sealants market in APAC 2015-2020 ($ billions)
      • Table Production of cars in China 2011-2015 (millions)
    • Automotive coatings, adhesives, and sealants market in Americas
      • Table Automotive coatings, adhesives, and sealants market in Americas 2015-2020 ($ billions)
      • Table Passenger car production in US 2011-2015 (millions)
    • Automotive coatings, adhesives, and sealants market in EMEA
      • Table Automotive coatings, adhesives, and sealants market in EMEA 2015-2020 ($ billions)
      • Table Passenger car production in Europe 2015 (millions)
  • Market drivers
    • China: A bright spot for electric vehicles
      • Table Electric vehicles market in China 2015-2020 (thousands of units)
      • Table Electric vehicles sales in China 2015
      • Table Comparative analysis of electric vehicle sales to total vehicle sales in China 2015
    • Coatings specific for fuel efficient automobiles
    • Increased focus on R&D
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Stringent regulations
    • Fluctuations in raw material costs, affecting product costs and operations
    • Powder coatings market: A challenge in Western Europe
    • New coating process technologies: A bane
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increasing focus on UV-curable coatings
    • Provision of support services
    • Nanocoatings: A rising wave
      • Table Global nanocoatings market 2015-2020 ($ billions)
  • Vendor landscape
    • Competitive scenario
      • Table Ranking of major vendors in global automotive coatings, adhesives, and sealants market 2015
    • Other prominent vendors
  • Key vendor analysis
    • AkzoNobel
      • Table AkzoNobel: Business segmentation by revenue 2015
    • Axalta Coating Systems
      • Table Axalta Coating Systems: Business segmentation by revenue 2015
    • Henkel
      • Table Henkel: Business segmentation by revenue 2015
    • PPG Industries
      • Table PPG Industries: Business segmentation by revenue 2015
      • Table Products offered by Automotive OEM Coatings
    • Sherwin-Williams
      • Table Sherwin-Williams: Business segmentation by revenue 2015
      • Table Products offered by Sherwin-Williams
  • Appendix
    • List of abbreviations
  • Explore Technavio

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