Automotive Adhesives & Sealants Market Research Report Forecast Till 2030

Automotive Adhesives & Sealants Market by Type (Polyurethane, Acrylics, Epoxy, Silicone, Polyamide), by Vehicle Type (Passenger Cars, LCV, H/MCV), by Application (Body-in-Weight, Powertrains, Drivetrains, Embedded System), and by Region - Forecast till 2030

ID: MRFR/CnM/4067-HCR | February 2021 | Region: Global | 140 pages

Automotive Adhesives & Sealants Market

Automotive Adhesives & Sealants Market is projected to be worth USD 11,645.8 million by 2030, registering a CAGR of 6.11% during the forecast period (2022 - 2030).

Segmentation

Type Polyurethane Acrylics Epoxy Silicone Polyamide
Vehicle Type Passenger Cars LCV H/MCV
Application Body-in-Weight Powertrains Drivetrains Embedded System

Key Players

  • Henkel & Co. KGaA (Germany)
  • H.B. Fuller Company (U.S.)
  • BASF SE (Germany)
  • Bostik (U.S.)
  • DowDuPont (U.S.) Sika AG (Switzerland)
  • PPG Industries (U.S.)
  • Solvay S.A (Belgium)
  • Jowat AG (Germany)
  • Akzo Nobel N.V. (the Netherlands)

Drivers

  • Growing trend of automotive customization among the consumers is likely to drive the growth of the market during the review period.
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Automotive Adhesives & Sealants Market Overview

Adhesives, or glue, cement, mucilage or paste is any organic or inorganic chemical substance, which is applied on one of the surfaces or both surfaces which are meant to be joined together. Adhesives can be found naturally or can be manufactured synthetically. The application or use of adhesives confer numerous advantages to the final product over binding techniques such as thermal bonding, mechanical fastening, and sewing, and others. Apart from this, some of the essential properties of these adhesives include its ability to efficiently distribute the stress across the joint, bind different types of materials together, and enhance design flexibility of the final product. Sealants, unlike adhesives is a substance that is used to block the passage of fluids through the joints or openings in the structure. They can be permanent or temporary, weak or strong, flexible or rigid depending on the type. Some sealants possess adhesive qualities, which are commonly known as structural sealants, or adhesive-sealants. The automotive industry is increasingly making use of automotive adhesives & sealants in vast applications including interior, exterior, under the hood parts, and embedded systems among others.

The major characteristic features offered by the automotive adhesives & sealants include better thermal, impact and abrasion resistance, along with the chemical stability, is driving the demand for the product in coming years. Growing trend of automotive customization among the consumers is likely to drive the growth of the market during the review period. In addition to this, with the adoption of the provisions of International Conventions on Prevention of Road Accidents and modification of National Motor Vehicle Acts, the use of the metal bumpers is banned. These measures, undertaken to reduce death rates in case of accidents or car dash is expected to drive demand for the adhesive & sealant to join less harmful materials together in car bumpers. The rapid growth of automotive industry and transportation sector around the world, on the backdrop of surging demand for passenger cars and heavy trucks due to increasing global trade. This in turn, is anticipated to fuel demand for the automotive adhesives & sealants during the review period. However, the major factor hampering the growth of the market is volatility in prices of raw material and the regulations on the part of government organizations working in the field of environmental protection are limiting the use of hazardous chemicals. 


Automotive Adhesives & Sealants Market Share, by Application 2016 (%):


 Automotive Adhesives & Sealants Market


Source: MRFR Analysis


Regional Analysis


North America, Europe, Asia Pacific, Middle East & Africa, and Latin America are the five major regions in which the Automotive Adhesives & Sealants Market is spanned across. Among these regions, Asia Pacific growing at the highest growth rate market owing to the considerable consumption of the product in this region. The region accounts for over 50% share of the Automotive Adhesives & Sealants Market on the growing automotive and transportation industry. India, South Korea, China, and Japan are the major markets in this region on account of the well-established automotive and electronics industries in these countries.  After Asia Pacific, North America is the second most significant region in the Automotive Adhesives & Sealants Market. The U.S. is the largest market in this market, due to the continuous growth of an automotive industry, which is likely to boost demand for the automotive adhesives & sealants during the years to follow. Europe is another substantial region in the global automotive adhesives & sealants market. Countries namely the U.K, Germany, U.K., Italy, France, and, Spain, are the major contributors to the regional market. This is primarily attributed to the growing demand for the product from the renowned global automotive giants in this market. The Middle East & Africa is witnessing significant growth in the Automotive Adhesives & Sealants Market owing to the growth potential of the hitherto untapped market in automotive and transportation sector. U.A.E, Qatar, and Saudi Arabia are likely to lead the regional market throughout the forecast period. Lastly, Latin America is also anticipated to join hands with the leading regions owing to the reviving economic and political stability in Brazil, Venezuela, and Colombia.


Segmentation


The Automotive Adhesives & Sealants Market is segmented on the basis of Type, Vehicle Type, Application, and Region.


On the basis of Type, the Automotive Adhesives & Sealants Market has been classified into polyurethane (PU), acrylic, epoxy, silicone, polyamide, styrenic block copolymer (SBC), and others.


By Vehicle Type, the Automotive Adhesives & Sealants Market is divided into passenger cars, Light Commercial Vehicle (LCV), Medium and Heavy Commercial Vehicle (M/HCV), and others.


Based on Application the Automotive Adhesives & Sealants Market is categorized into body-in-weight, powertrains, drivetrains, interior, exterior, engine, embedded system, and others.


Geographically, the Automotive Adhesives & Sealants Market is spanned across five key regions: Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America.


Key Players


The prominent players operating in the Automotive Adhesives & Sealants Market are Henkel & Co. KGaA (Germany), H.B. Fuller Company (U.S.), BASF SE (Germany), Bostik (U.S.), DowDuPont (U.S.) Sika AG (Switzerland), PPG Industries (U.S.), Solvay S.A (Belgium), Jowat AG (Germany), and Akzo Nobel N.V. (the Netherlands), among others.


Intended Audience:



  • Automotive adhesives & sealants Manufacturers

  • Traders and distributors of automotive adhesives & sealants

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size    2030 : Significant value
  CAGR   (2020-2030): 3.40% CAGR
  Base Year   2021
  Forecast Period   2020 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Vehicle Type, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Henkel & Co. KGaA (Germany), H.B. Fuller Company (U.S.), BASF SE (Germany), Bostik (U.S.), DowDuPont (U.S.) Sika AG (Switzerland), PPG Industries (U.S.), Solvay S.A (Belgium), Jowat AG (Germany), and Akzo Nobel N.V. (the Netherlands), among others.
  Key Market Opportunities   The rapid growth of automotive industry and transportation sector around the world
  Key Market Drivers   Growing trend of automotive customization among the consumers is likely to drive the growth of the market during the review period.


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Frequently Asked Questions (FAQ) :

Automotive Adhesives & Sealants market is predicted to grow through forecast period of 2020-2030.

The forecast period for Automotive Adhesives & Sealants market research report is 2020-2030.

Global Automotive Adhesives & Sealants market is dominated by APAC region.

Henkel & Co. KGaA (Germany), H.B. Fuller Company (U.S.), BASF SE (Germany), Bostik (U.S.), DowDuPont (U.S.) Sika AG (Switzerland), PPG Industries (U.S.), Solvay S.A (Belgium), Jowat AG (Germany), and Akzo Nobel N.V. (the Netherlands), among others.