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 2023 | Region: Global | 140 Pages         

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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
Companies Profiled   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
Market Driving Forces   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 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


With the proposed acquisition of Edge Adhesives Texas, a complementary asset in hot-melt adhesives and pressure-sensitive adhesive tapes for residential construction, Bostik increases its high-performance adhesives solutions in the United States in May 2021. This project is part of Arkema's fastening procurement strategy, which aims to expand the range of adhesives available and provide new products to suit increasing demand. Sika AG acquired Hematite, The Yokohama Rubber Co., Ltd.'s adhesives business, in April 2021. In Japan, Hematite leads the industry with adhesives and sealants for the automotive and construction industries. Sika's market position in Japan will be greatly strengthened as a result of the purchase, which will boost market access to all major Japanese OEMs and significantly expand the company's product line for sealing and bonding applications.

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.