The global automotive coatings, adhesives, and sealants market to grow at a CAGR of 5.67% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global automotive coatings, adhesives, and sealants market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the five prominent vendors operating in the market. The report also includes a discussion of the key vendors operating in this market.
Incorporating nanocoatings will be a key trend for market growth. Established vendors in the market are increasing their expenditure on R&D to capture a larger proportion of the market share through new product introductions. The incorporation of potential materials such as nanoparticles in coating technologies is a relatively new concept in the market. The global nanocoatings market was valued at $2.89 billion in 2015. It is foreseen to reach $8.93 billion by 2020, growing at a CAGR of 25.31%.
According to the report, increased focus on research & development will be a key driver for market growth. Advances in automotive refinish coatings technology is a major driver for the growth of the global automotive coatings, adhesives, and sealants market. Established vendors in the market have increased their R&D expenditure to enhance their product portfolio.
For instance, BASF (a leading chemical company based in Germany) and PPG Industries (an American provider of paints and coatings, optical products, specialty materials, and glass and fiber glass products) are focusing on R&D for the development of efficient refinish coatings that reduce cycle time in automotive body shops and reduce operational costs.
- Axalta Coating
Other prominent vendors
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by coating technology
Part 07: Market segmentation by vehicle type
Part 08: Market segmentation by coatings end-user
Part 09: Geographical segmentation
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor analysis
For more information about this report visit http://www.researchandmarkets.com/research/9j7t7q/global_automotive
Related Topics: Adhesives and Sealants , Paints and Coatings , Automotive Materials
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