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Global Automotive Coatings, Adhesives, and Sealants (CAS) Market: Expecting Worldwide Growth by 2024 – Persistence Market Research

New York, NY -- (SBWIRE) -- 10/19/2016 -- Automotive coatings are used to enhance the appearance and durability of a vehicle, and to protect it from harsh weather and other external conditions such as extreme temperature, UV radiation, and foreign particles such as stone and other debris. Adhesives and sealants are used as bonding chemicals in a wide range of industries such as pressure sensitive tapes, building and construction, packaging, gasket sealants, assembly, and in automobile and transportation industry. Adhesives are the non metallic substances used for the joining of materials, and sealants are used to seal any surface in order to prevent the passage of liquid or gas. In the automobile industry, adhesives and sealants are used in exteriors, interiors, under the hood, and many other applications. In the global automotive coatings, adhesives and sealant market, a majority of the share is contributed by automotive coatings; however, adhesives and sealants remain the fastest growing segment. Increasing efforts to improve fuel efficiency by reducing the weight of the vehicle is driving the growth of automotive adhesives and sealants.
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