Market Overview:
The global automotive paint sealant market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for automobiles, coupled with the rising awareness about the benefits of automotive paint sealants among consumers. In terms of type, the global automotive paint sealant market has been segmented into organic and inorganic. The organic segment is expected to account for a larger share of the global automotive paint sealant market than the inorganic segment during the forecast period. This can be attributed to factors such as superior performance and better protection offered by organic-based products as compared with their inorganic counterparts. In terms of application, commercial vehicles are expected to account for a larger share of the global automotive paint sealant market than passenger vehicles duringthe forecast period. This can be attributedto th efact that commercial vehicles are subjected tom ore wearand tear as compared topassengervehicles .
Product Definition:
A paint sealant is a synthetic polymer coating that is applied to automotive paint to protect it from the elements. It forms a barrier that blocks out UV radiation, water, and dirt, which can cause paint to fade and chip. Paint sealants also make it easier to clean the car's surface, since the dirt and grime will not be able to penetrate the coating.
Organic:
Organic is a type of sealant that is derived from natural resources such as plant oils, animal fats, and beeswax. Organic products are free of synthetic chemicals or additives. They contain no solvents and are not thinned with water or other liquids like conventional products. The most common types of organic sealants used in the automotive industry include polyurethane (PU) and acrylics among others such as epoxy resins & polyester coatings etc.
Inorganic:
Inorganic is a chemical compound of two or more non-metallic elements, which are linked by covalent bonds. In most cases, inorganic compounds are made up of metal oxides such as titanium dioxide (TiO2) and iron oxide (Fe2O3).
Application Insights:
The commercial vehicle segment led the global automotive paint sealant market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to rising demand for trucks, buses, coaches and other forms of passenger vehicles in developing countries such as India, China and Brazil. In addition, factors such as increasing disposable income among consumers along with an increase in per capita ownership of cars is expected to drive demand for paints and sealants from 2018 to 2030.
Passenger vehicle application segment accounted for more than 50% share of the global revenue in 2017 owing to high usage rate & frequency of repairs carried out on passenger vehicles compared with that on commercial vehicles or trucks/buses globally.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing automobile production in China, India, Japan, and South Korea. Moreover, rising disposable income coupled with consumer preference for premium cars is expected to drive product demand over the forecast period.
Europe was estimated as having a revenue share of more than 20% in 2017 on account of high demand from Germany and Italy on account of their large automotive manufacturing base. In addition, stringent regulations by European Union regarding VOC emissions from paints are anticipated to boost sealant consumption over the coming years. North America also has significant market potential due to growing vehicle production especially in Mexico which has one of the lowest import tariffs among all developing countries making it an attractive place for foreign manufacturers looking at cost advantages associated with low labor costs along with easy access to raw materials such as aluminum cans & steel sheets etc.
Growth Factors:
- Increasing demand for luxury and customized cars
- Rising disposable income of consumers in developing countries
- Technological advancements in the automotive paint sealant industry
- Growing awareness about the benefits of using automotive paint sealants among consumers
- Stringent government regulations on emissions and fuel economy
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Paint Sealant Market Research Report
By Type
Organic, Inorganic
By Application
Commercial Vehicle, Passenger Vehicle
By Companies
PPG, Akzo Nobel NV, Axalta Coating Systems, BASF, Kansai Paints, Nippon Paint, Sunstar Engineering Inc, 3M, Dow
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Paint Sealant Market Report Segments:
The global Automotive Paint Sealant market is segmented on the basis of:
Types
Organic, Inorganic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicle, Passenger Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPG
- Akzo Nobel NV
- Axalta Coating Systems
- BASF
- Kansai Paints
- Nippon Paint
- Sunstar Engineering Inc
- 3M
- Dow
Highlights of The Automotive Paint Sealant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic
- Inorganic
- By Application:
- Commercial Vehicle
- Passenger Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Paint Sealant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive paint sealant is a type of sealant that is used to protect the paint on a car. It is typically applied as a spray or liquid and can be used to cover entire cars, parts of cars, or just specific areas. Automotive paint sealant can help prevent water and dirt from damaging the paint on your car, as well as keep it looking new for longer.
Some of the key players operating in the automotive paint sealant market are PPG, Akzo Nobel NV, Axalta Coating Systems, BASF, Kansai Paints, Nippon Paint, Sunstar Engineering Inc, 3M, Dow.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Paint Sealant Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Paint Sealant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Paint Sealant Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Paint Sealant Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Paint Sealant Market Size & Forecast, 2018-2028
4.5.1 Automotive Paint Sealant Market Size and Y-o-Y Growth
4.5.2 Automotive Paint Sealant Market Absolute $ Opportunity
Chapter 5 Global Automotive Paint Sealant Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Paint Sealant Market Size Forecast by Type
5.2.1 Organic
5.2.2 Inorganic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Paint Sealant Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Paint Sealant Market Size Forecast by Applications
6.2.1 Commercial Vehicle
6.2.2 Passenger Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Paint Sealant Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Paint Sealant Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Paint Sealant Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Paint Sealant Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Paint Sealant Market Size Forecast by Type
9.6.1 Organic
9.6.2 Inorganic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Paint Sealant Market Size Forecast by Applications
9.10.1 Commercial Vehicle
9.10.2 Passenger Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Paint Sealant Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Paint Sealant Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Paint Sealant Market Size Forecast by Type
10.6.1 Organic
10.6.2 Inorganic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Paint Sealant Market Size Forecast by Applications
10.10.1 Commercial Vehicle
10.10.2 Passenger Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Paint Sealant Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Paint Sealant Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Paint Sealant Market Size Forecast by Type
11.6.1 Organic
11.6.2 Inorganic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Paint Sealant Market Size Forecast by Applications
11.10.1 Commercial Vehicle
11.10.2 Passenger Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Paint Sealant Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Paint Sealant Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Paint Sealant Market Size Forecast by Type
12.6.1 Organic
12.6.2 Inorganic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Paint Sealant Market Size Forecast by Applications
12.10.1 Commercial Vehicle
12.10.2 Passenger Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Paint Sealant Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Paint Sealant Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Paint Sealant Market Size Forecast by Type
13.6.1 Organic
13.6.2 Inorganic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Paint Sealant Market Size Forecast by Applications
13.10.1 Commercial Vehicle
13.10.2 Passenger Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Paint Sealant Market: Competitive Dashboard
14.2 Global Automotive Paint Sealant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG
14.3.2 Akzo Nobel NV
14.3.3 Axalta Coating Systems
14.3.4 BASF
14.3.5 Kansai Paints
14.3.6 Nippon Paint
14.3.7 Sunstar Engineering Inc
14.3.8 3M
14.3.9 Dow
