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Global Automotive Coatings Adhesives and Sealants Market 2016-2020

  • Published: Aug 2016
  • Pages: 70
  • SKU: IRTNTR10095
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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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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Overview

PART 05: Market landscape

  • Global automotive coatings, adhesives, and sealants market
  • Five forces analysis

PART 06: Market segmentation by coating technology

  • Global solvent-based coatings market
  • Global water-based coatings market
  • Global powder and UV-curable coatings market

PART 07: Market segmentation by vehicle type

  • Market overview

PART 08: Market segmentation by coatings end-user

  • Global automotive OEM coatings market
  • Global automotive refinish coatings market

PART 09: Geographical segmentation

  • Automotive coatings, adhesives, and sealants market in APAC
  • Automotive coatings, adhesives, and sealants market in Americas
  • Automotive coatings, adhesives, and sealants market in EMEA

PART 10: Market drivers

  • China: A bright spot for electric vehicles
  • Coatings specific for fuel efficient automobiles
  • Increased focus on R&D

PART 11: Impact of drivers

PART 12: 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

PART 13: Impact of drivers and challenges

PART 14: Market trends

  • Increasing focus on UV-curable coatings
  • Provision of support services
  • Nanocoatings: A rising wave

PART 15: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 16: Key vendor analysis

  • AkzoNobel
  • Axalta Coating Systems
  • Henkel
  • PPG Industries
  • Sherwin-Williams

PART 17: Appendix

  • List of abbreviations

PART 18: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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