Demand for Auto Coatings, Adhesives and Sealants to Exceed $7 Billion in 2010
Aftermarket demand will continue to benefit from a change in the product mix over the last decade favoring larger light vehicles, particularly sport utility vehicles (SUVs). Although demand for light trucks and vans (including SUVs) is slowing compared to recent years due to high fuel prices and market saturation, the number of such large light vehicles will continue to increase as a percentage of total light vehicles in use. Because of the relatively recent emergence of light trucks, vans and SUVs, fewer of them are being retired from the light-vehicle park relative to conventional automobiles. The resultant shift in composition of the vehicle park will favor the aftermarket for coatings, adhesives and sealants, as larger light vehicles require more materials on a per-vehicle basis than conventional automobiles.
These and other trends are presented in "Automotive Coatings, Adhesives & Sealants," a new study from The Freedonia Group, Inc. For further details, contact Corinne Gangloff at email@example.com or visit www.freedoniagroup.com.