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 | 140 Pages | Author: Anshula Mandaokar | September 2023         

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Automotive Adhesives and Sealants Market Overview 


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). Adhesives, often known as glue, cement, mucilage, or paste, are any organic or inorganic chemical compound that is applied to one or both of the surfaces to be brought together. Adhesives can be found in nature or synthesized artificially. Over binding procedures such as thermal bonding, mechanical fastening, sewing, and others, the application or usage of adhesives confers various advantages to the finished product. Apart from that, some of the most important qualities of these adhesives include their capacity to effectively distribute stress throughout the joint, bind diverse types of materials together, and improve the end product's design flexibility. Unlike adhesives, sealants are a material that is used to prevent liquids from passing through joints or gaps in the structure. Depending on the type, they can be permanent or temporary, weak or robust, flexible or rigid. Some sealants, referred to as structural sealants or adhesive-sealants, have adhesive properties. Automotive adhesives and sealants are rapidly being used in a variety of applications, including interior, exterior, under-the-hood parts, and embedded systems, among others.

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.Recent Development


August 2023: Henkel announced the launch of its new LOCTITE SI 5950 silicone sealant, which is specifically designed for electric vehicles. The sealant is highly resistant to heat, chemicals, and vibration, and it provides excellent adhesion to a variety of substrates, including aluminum, steel, and glass.


August 2023: 3M announced that it has developed a new adhesive that is capable of bonding dissimilar materials, such as aluminum and carbon fiber. The adhesive is designed for use in a variety of automotive applications, including lightweight body panels and structural components.


August 2023: Dow announced that it is investing $40 million to expand its production capacity for automotive adhesives and sealants in China. The expansion is expected to be completed in 2024 and will increase Dow's capacity in China by 20%.


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 : USD 11,645.8 million
  CAGR   (2020-2030): 6.11% 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.


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.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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