Reportlinker.com: Learn about the Automotive Coatings, Sealants

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US demand for automotive coatings, adhesives and sealants isforecast to surpass $5 billion by 2012. Motor vehicle productionwill rebound from the declines experienced during the 2002- 2007period, spurring demand in the OEM market. Rapid growth in theproduction rates of medium and heavy vehicles -- particularlymedium-duty trucks, which will climb 7.0 percent per year through2012 -- will positively impact the market. However, while passengercars will achieve the greatest turnaround in terms of production,the impact will be muted as these vehicles consume less coatings,adhesives and sealants on a per vehicle basis than larger vehicles.A continued rise in the number of vehicles in use will promotedemand growth in the automotive aftermarket.
Consumer desire for larger vehicles to benefit demand
Having overtaken automobiles in 1998, light trucks and sportutility vehicles (SUVs) are the leading type of motor vehicleproduced in the US. This shift in the product mix toward largervehicles, which are more intensive users of coatings, adhesives andsealants, will continue to impact growth in demand for theseproducts in the aftermarket going forward. Despite below averagegains in the production of these vehicles due to high fuel pricesand market saturation, the number of such large light vehicles willcontinue to increase as a percentage of total light vehicles inuse. The consequent shift in composition of the vehicle park willfavor the aftermarket for coatings, adhesives and sealants, aslarger light vehicles require more materials on a per vehicle basisthan conventional automobiles.
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