Automotive Sealant Market Worth USD 58.32 Billion by 2020
PUNE, India, December 11, 2015 /PRNewswire/ --
The report "Automotive Sealant Market by Type (Glass Run Channel, Roof Ditch Molding & Exterior Sealing), Vehicle Type (Passenger Car, LCV & HCV), & by Region (Asia-Pacific, Europe, North America & RoW) - Global Trends and Forecast to 2020" published by MarketsandMarkets, defines and segments the Automotive Sealant Market, with an analysis and forecast of the global market size, by volume and value.
Browse 66 market data tables with 56 figures spread through 145 pages and in-depth TOC on "Automotive Sealant Market - Global Trends and Forecast to 2020"
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The global Automotive Sealant Market is projected to grow at a CAGR of 7.08% from 2015 to 2020 to reach USD 58.32 Billion by 2020. Technologically advanced and mature automotive markets will drive the Automotive Sealant Market.
Asia-Pacific: The Fastest-growing market, by value, for Automotive Sealant Market
The Asia-Pacific region comprises countries such as China, India, Japan, and South Korea. Recent infrastructure developments and industrialization in these countries present new avenues, opportunities, and markets for OEMs. The demand for passenger cars is growing in these regions, triggered by an increase in the per capita income and growing demand for comfort and luxury cars. The infrastructural developments and industrial investments have also propelled growth of commercial vehicles and consequently, glass run channel, roof ditch molding, and exterior sealants in the region.
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Europe: A stable market for automotive sealant
Western Europe is a mature market for the automotive industry. However, the European automotive industry registered a negative CAGR after the Euro crisis of 2009. The industry stared recovering at a rapid rate after 2013 and accounted for over 30% of all passenger cars manufactured globally. Global demand for German vehicles remains strong, with exports accounting for three quarters of all domestic vehicle production. This is expected to drive the market for automotive sealants in Europe.
North America: A key market for Automotive Sealant Market
The North American region comprises the U.S., Canada, and Mexico. It is a technologically advanced and mature automotive market. Several OEMs are setting up manufacturing facilities in Mexico, citing economical labor and low production costs. This has increased the vehicle production, thereby increasing the demand for automotive sealants.
The report covers all the major players in the Automotive Sealant Market that includes Rehau (Switzerland), Cooper-Standard Holdings Inc. (U.S.), Toyoda Gosei Co. Ltd. (Japan), Magna International Inc. (Canada), and Sumitomo Chemical Co., Ltd. (Japan).
The report covers the global Automotive Sealant Market in terms of volume ('000 units) and value (USD million) across the regions of Asia-Pacific, Europe, North America, and the rest of the world (RoW). It explains the qualitative and quantitative aspects of the Automotive Sealant Market. The report briefly forecasts the market on the basis of region, system type, and vehicle type from 2015 to 2020.
It also provides an overview of value chain analysis, Porter's Five Forces analysis, a competitive landscape, and company profiles.
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