The automotive sealant market is estimated to be valued at USD 41.43billion in 2015 and is projected to reach 58.32 billion by 2020, growing at a CAGR of 7.08%.The automotive sealant market has witnessed considerable growth in emerging economies such as China, India, and Mexico, due to technological advancement and increasing vehicle production.
Complete report on global Automotive Sealant Market spread across 145 pages, profiling 10 companies and supported with 66 tables and 56 figures is now available at http://www.rnrmarketresearch.com/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-market-report.html .
“Awareness toward better driving comfort driving the market for automotive sealants”
The sealing systems used in a vehicle not only protect it from the external environment but also help in reducing the noise, vibration, and harshness (NVH) levels. Harshness is a subjective quality, which determines the comfort level of a particular vehicle. A reduction in the NVH levels would increase the overall comfort of the vehicle. The consumer’s expectation of enhanced comfort is an important factor which drives purchasing behaviour. Therefore, the ability of sealing systems to reduce NVH levels would drive the automotive sealant market.
“High demand for vehicles in Asia-Pacific driving the market for automotive sealants”
Asia-Pacific is projected to grow at the highest CAGR during the forecast period, as a result of the high demand for vehicles, especially from countries such as China and India. Several OEMs are investing in the region, prompted by factors such as the expanding middle class and youth demographic. Passenger car production is expected to grow in countries such as China and India, owing to availability of cheap labour and favourable government policies. For instance, the Government of India has allowed 100% foreign direct investment (FDI) with no minimum investment criteria for the automotive sector. OEMs such as Toyota (Japan), Hyundai Motor Company (South Korea), and Honda Motor Company (Japan) are present in the region. Additionally, certain countries in Asia-Pacific, such as South Korea and Japan, have strong technological capabilities.
This is a premium research report priced at US $4650 for a single user PDF, a discount on “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” can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=443213 .
The study also contains insights provided by various industry experts ranging from component suppliers to Tier-I companies and OEMs. The break-up of the primaries is as follows:
- By Company Type - Tier 1 - 32 %, Tier 2 - 55% and Others - 13%
- By Designation - C level - 17%, D level - 31%, Others - 52%
- By Region - North America - 59%, Europe - 25%, Asia-Pacific - 10%, RoW – 6%
The automotive sealant market is dominated by a few major players, such as Toyoda Gosei Co Ltd. (Japan), Magna international Inc. (Canada), Copper Standard Holdings Inc. (U.S.), Minth Group Ltd (China), and Rehau (Switzerland). The key strategies adopted by these players are expansion and new product development.
Reasons to Buy the Report:
This report covers in-depth industry analysis including industry trends, Porters Five Forces, and PEST analysis, value chain analysis, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the automotive sealant market, competitive landscape, drivers, restraints, opportunities, challenges, high-growth regions and countries and government initiatives.
The report will enable both, new entrants/smaller firms as well as established firms to understand the market, which in turn will help the firms to acquire a larger market, share. Firms purchasing the report could use any one or a combination of the below-mentioned four strategies (market development, product development/innovation, market diversification, and competitive assessment) to strengthen their position in the market.
The report provides insights with reference to the following points:
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for automotive sealant across regions
- Product Development/Innovation: Detailed insights of the R and D activities, upcoming technologies, and new product launches in the global sealant market
- Market Diversification: Detailed information about untapped markets, investments, new products, and recent developments in the global automotive sealant market
- Competitive Assessment: In-depth assessment of strategies, products, manufacturing capabilities of leading players, in the global automotive sealant market
On a related note, another research titled Automotive Adhesive Tapes Market Global Forecast to 2020, says the market size, in terms of value, of adhesive tapes is estimated to be about USD 46.7 Billion in 2015 and is projected to reach USD 60.9 Billion by 2020, at a CAGR of 5.44% between 2015 and 2020. The global automotive adhesive tapes market is projected to reach USD 7.5 billion by 2020, growing at a CAGR of 5.1% between 2015 and 2020. The main reason for the growth of this market is the increasing production of automobiles and its components YoY. Lightweight revolution in the automotive industry has been driving the growth of this market over the years. Automotive adhesive tapes are now replacing other fastening products due to their lightweight and quality performance.
It also discusses competitive strategies adopted by different market players, such as 3M Company (U.S.), Nitto Denko Corporation (Japan), Tesa SE (Germany), Avery Dennison Corporation (U.S.), Henkel AG & Company KGaA (Germany), Intertape Polymer Group (Canada), Lintec Corporation (Japan), Shurtape Technologies, Llc. (Canada), Scapa Group Plc (U.K.), and Lohmann GmbH & Co.KG (Germany)., research available at http://www.rnrmarketresearch.com/automotive-adhesive-tapes-market-by-backing-material-polypropylene-paper-polyvinyl-chloride-by-application-exterior-part-mounting-labelling-masking-interior-wire-harness-part-mounting-nvh-and-by-region-global-forecast-to-2020-market-report.html .
Explore more reports on Adhesives & Sealants market at http://www.rnrmarketresearch.com/reports/materials-chemicals/chemicals/adhesives-sealants .
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