Paint Sealants Market: Overview
Paint sealants are used to protect cars from acid rain and ultraviolet rays. They are primarily used for aesthetic purpose i.e. to make the car look shiny. The paint sealant works by filling pores and irregular surfaces on the car body, thereby developing a smooth finish. A paint sealant does not allow any foreign substance to stick to the surface of the car body. The foreign substance comes off of the car body easily.
Paint Sealants Market: Drivers & Restraints
The growing automotive industry is a major driver of the paint sealants market. Sealants protect the car surface by providing strong protection from paint killers such as acid rain, sap, and UV rays. Sealants provide excellent protection and durability. Another factor that drives the paint sealants market is ease of application that paint sealants offer. Within one hour of applying the paint sealant on the car surface, the car can be driven in any climatic condition. However, with the use of paint sealants, the visual effect needs to be compromised. This is a restraining factor for the paint sealants market. Waxes provide greater shine than paint sealants and hence, rising use of wax may be a restraining factor for the paint sealants market.
Paint sealants are employed in cars, trucks, Recreational Vehicles, boats, and small aircrafts in order to protect their surfaces from climatic factors, sunlight, contaminants, and microbes. Paints sealants are mostly synthetic and they are found in the form of cream or liquid. They are mostly made of amino-functional silicone and polymers that are held in the suspension by emulsifiers, water, solvents, and wax.
Paint Sealants Market: Key Segments
Based on type, the paint sealants market has been differentiated into: pure sealants and cleaning sealants. Cleaning Sealants with cleaners contain abrasives and solvents, which helps eliminate mild oxidation and remove fine scratches. Cleaning sealants are not suggested for gel coats, paints, or clear coats that have been compounded and already polished.
Highly popular paint sealants are wolf gang paint sealants, megulars synthetic sealants, and Klasse high-gloss sealants. Wolf gang paint sealants are very expensive, but they offer excellent durable finish that provides warmth and glow of hand rub wax. Wolf gang paint sealants provide ease of application. Megulars synthetic sealants are less expensive than wolf gang paint sealants. Wolf gang paint sealants can last for multiple washes, maintaining the luster and shine. Klasse high-gloss sealants are inexpensive than the other two sealants. These sealants can offer high-quality shine and protection to the paint for up to one year.
Paint Sealants Market: Regional Outlook
In terms of geography, the global paint sealants market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America and Europe witness high demand for paint sealants market. The demand in Europe is high due to the increasing demand from manufacturing and automotive sectors in the region. Asia Pacific is a rapidly expanding paint sealants market. The demand for paint sealants market is high in Japan, China, and India. India is anticipated to be a rapidly expanding paint sealants market in Asia Pacific in the next few years. Latin America also witnesses high demand for paint sealants market from the manufacturing sector in the region.
Paint Sealants Market: Key Players
Key players operating in the global paint sealants market include The Dow Chemical Company, Henkel, 3M, Kommerling, Sika Group, ALTANA, Cabot Corporation, and Permatex.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.