Global Automotive Adhesives and Sealants Market Trends, Applications, Analysis, Growth, and Forecast: 2019 to 2028
“Global Automotive Adhesives and Sealants Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global automotive adhesives and sealants market report have been segmented on the basis of technology, resin, and region.
Global Automotive Adhesives and Sealants Market: Overview
Automotive adhesives and sealants are resources used for bonding and sealing applications in the automotive sector. Such materials are designed to improve performance, reliability, safety, comfort, and ease to users.
Global Automotive Adhesives and Sealants Market: Dynamics
The production and sales of automotive vehicles have been on the rise across the world to meet the increasing demand for lightweight vehicles from emerging countries such as China and India, which is expected to propel growth of automotive adhesives and sealants. In addition, factor such as vehicle safety and comfort standards and regulations, along with increasing R&D activities related to developing bio-based adhesives and sealants to replace chemical-based adhesives and sealants to enhance the performance with sustainability are expected to drive growth of the target market. Innovations in the automobile sector including introduction of a new silyl modified polymer (SMP) technology by Bostik – subsidiary of Arkema Company and anchoring & multipurpose sealants introduced by Sika AG, which are expected to enhance efficiency and safety standards for automobile manufacturers.
The latest trend observed in the market is, manufacturers are switching from traditional spot welding techniques to the assembly method. Another trend observed in the market is manufacturers are opting lightweight vehicles and focusing to lessen the environmental concern.
However, volatility in raw material prices may restrain growth of the target market over the forecast period.
Global Automotive Adhesives and Sealants Market: Segment Analysis
Among the technology segments, the water-based segment is estimated to account for significant revenue share in the global market.
Among the resin segments, the polyurethane segment is anticipated to register a significant growth rate over the forecast period.
Global Automotive Adhesives and Sealants Market: Region Analysis
The Asia Pacific automotive adhesives and sealants market accounts for a major share in the global market, owing to increasing automotive production along with the advancement of adhesives in the automotive sector. Emerging economies such as India and China are estimated to offer significant growth opportunities owing to manufacturers are focusing to produce eco-friendly and fast curing adhesives from bio-based and renewable resources, which is anticipated to fuel industry growth. Moreover, growing urbanization, along with widespread use of sealants & adhesives in automotive applications, such as in gaskets placing, sealing of core plugs, and bonding of automotive hose, is expected to trigger demand for the target product.
The market in Europe is projected to witness considerable growth rate owing to increasing demand for bio-based adhesives and increasing domestic demand for automobiles in countries such as Germany, U.K., France, and Italy.
The market in North America accounts for a moderate revenue share in the target market and is expected to witness considerable growth in the coming period. This is attributed to increasing vehicle purchase in the US and Canada.
Global Automotive Adhesives and Sealants Market Segmentation:
Segmentation by Technology:
- Others (Reactive & other)
Segmentation by Resin:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Arkema Group (Bostik SA)
- Avery Dennison Corp.
- DowDuPont Inc.
- B. Fuller Company (Royal Adhesives & Sealants)
- Henkel AG & Co. KGaA
- Huntsman Corp.
- Illinois Tool Works Corporation
- Jowat AG
- Compagnie de Saint-Gobain S.A.Sika AG
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