UK: Automotive Coatings, Sealants & Adhesives
Demand for coatings, sealants and adhesives used in the US automotive industry is forecast to increase 1.3 percent per year to 1.8 billion pounds in 2003. Gains will slow from the expansionary pace set between 1993 and 1998, primarily due to the decelerating US motor vehicle industry. Adhesives and sealants will offer the strongest annual gains due to their increased use per vehicle, while volume demand for automotive coatings will be mitigated by the continuing shift to powders, which are more efficient and weigh less than conventional solvent-based liquids. These and other trends are presented in Automotive Coatings, Sealants & Adhesives, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.
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