Dallas, TX -- (ReleaseWire) -- 04/02/2014 -- Sandlerresearch.org adds Global Automotive Coatings, Adhesives, and Sealants Market 2014-2018 in its store.Faced with a continual surge in fuel prices, consumers are progressively demanding automobiles with improved fuel efficiency. While alternative sources of fuel are available, automobile manufacturers across the world are increasingly exploring solutions that can reduce the weight of automobiles, and enhance fuel efficiency. This drive for production of lightweight automobiles has led to the increased demand for adhesives and sealants, which when used in place of welded joints, mechanical fasteners, and gaskets help reduce the weight of the automobile. Also, the increasing use of plastics (which cannot be welded) in automobiles has led to the increased demand for adhesives. Moreover, the use of structural adhesives, which are lightweight and crashworthy, in vehicle assembly, has contributed to the market's growth. The use of sealants as substitutes to mechanical gaskets in automobiles, owing to their resistance to corrosion and chemicals, is also expected to contribute to the market's growth during the forecast period.
According to the report, many drivers are contributing to the growth of the Global Automotive Coatings, Adhesives, and Sealants market, the most important of which is the growing demand for specialized types of coatings such as water-based, powder-based, and radiation-curable. The increase in demand for such products can be attributed to stringent regulations pertaining to the safety of the environment, particularly in North America and Europe.
Global Automotive Coatings, Adhesives, and Sealants Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the APAC and EMEA regions; it also covers the Global Automotive Coatings, Adhesives, and Sealants market landscape and its growth prospects in the coming years.
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Further, the report states that one of the major challenges in the market is the stringent laws and regulations governing the market, which require vendors to follow elaborate procedures before the commercialization of a new product.
The report recognizes the following companies as the key players in Global Automotive Coatings, Adhesives, and Sealants Market: 3M Co., DuPont, Henkel AG & Co. KGaA, and PPG Industries Inc.
The other vendors mentioned in the report are ADCO Global Inc., AkzoNobel N.V., Arkema S.A., Ashland Inc., Avery Dennison, BASF SE, Bayer AG, Bemis Associates Inc., Bostik S.A., Cytec Industries Inc., Dow Corning Corp., EMS-Chemie Holding AG, HB Fuller Co., Huntsman Corp., Illinois Tool Works Inc., ITW TACC, Kansai Paint Co. Ltd., KCC Corp., LORD Corp., McCoy Group of Companies, Nippon Paint Co. Ltd., Nitto Denko Corp., NOROO Paint & Coatings Co. Ltd., Permatex Inc., Reichhold Inc., Royal Adhesives and Sealants LLC, RPM International Inc., Sika AG, The Dow Chemical Co., ThreeBond International Inc., Transtar Autobody Technologies Inc., and Wacker Chemie AG.
Key questions answered in this report:
- What will the market size be in 2018 and what will be the growth rate?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of each of these key vendors?