Automotive Adhesives and Sealants Market

Automotive Adhesives and Sealants Market Size and Growth Rate:

According to the research report, the Automotive Adhesives and Sealants Market has valued USD XX.XX Million in 2018, and it is expected to reach USD XX.XX Million by the end of 2023, with growth at a CAGR of 5.85% during the forecast period 2018 to 2023.

Growing Demand for Lightweight Vehicles:

Over the past few years, adhesives have become a prime technology component of automotive applications, as they are continuously replacing traditional bonding or adhesion methods. On average, the present day automobile contains about 18kg of adhesives, compared to 8kg in 2004.

Unlike traditional manufacturing methods, adhesives offer the advantage of flexibility during the production process of automotive components. In addition, they also aid in reducing the processing and set up time, as they can be applied easily and at a relatively high speed. Moreover, the recent advancements in adhesives technology have been aiding automobile manufacturers in the production of lightweight and fuel-efficient vehicles. The Corporate Average Fuel Economy standard has forced manufacturers in the automotive industry to develop vehicle designs that incorporate the usage of adhesives. The focus on minimizing carbon emission and enhancing fuel economy by a way of reducing the weight of a vehicle has given adhesives the impetus as a bonding material for the manufacturing of automobiles.

Automotive Adhesives and Sealants Market Demand Based on Segmentation:

Growing Demand for Polyurethane Adhesives:

1. Polyurethane adhesives are the most commonly used adhesives, which provide extremely strong bonding and offer good resistance against heat, moisture, and chemicals. Apart from the aforementioned properties, they also offer flexibility, durability, and good impact resistance.
2. The demand for polyurethane adhesives in automotive applications, such as vehicle interiors, windshields, bumpers, and fender is increasing.
3. With the growing automotive industry across the world, especially in the Asia-Pacific region, the demand for and usage of polyurethane adhesives are expected to increase during the forecast period.

High Demand for Water-borne Adhesives:

1. Water-borne adhesives are increasingly becoming an integral part of various end-user industries, owing to their eco-friendly and low-toxic nature, high solid content, and high initial adhesion properties.
2. Water-borne acrylic adhesives are a more environment- and user-friendly alternative to solvent-based coatings. They are used in the manufacturing of interior components, like composite safety glass and steering wheel, and are utilized in the manufacturing of interior trim parts, such as instrument panels, dashboards, gearshift levers, and door interior panels, exhibiting high aesthetics and offers long-lasting aging resistance.
3. Thus, with the growing demand for vehicles (both passenger cars and commercial vehicles), the demand for water-borne adhesives is expected to increase during the forecast period.

Key Developments in the Automotive Adhesives and Sealants Market:

October 2017: H.B. Fuller’s finalized its acquisition of Royal Adhesives & Sealants for USD 1.575 billion. This acquisition is likely to deepen H.B. Fuller’s expertise in a range of sectors, such as medical, electronics, hygiene, transportation, construction, clean energy, and others.

Some of the promising companies leading the Automotive Adhesives and Sealants Market:

• 3M
• Arkema Group (Bostik SA)
• Avery Dennison Corp.
• DowDuPont
• H.B. Fuller (Royal Adhesives & Sealants)
• Henkel AG & Co. KGaA
• Huntsman Corp.
• Illinois Tool Works Corporation
• Jowat AG
• Saint-Gobain
• Sika AG
• Tesa SE (A Beiersdorf Company)

Automotive Adhesives and Sealants Market – Detailed Segmentation:

Automotive Adhesives and Sealants Market – By Technology:

• Adhesives

  • Water-borne
  • Solvent-borne
  • Reactive
  • Others

• Sealants

Automotive Adhesives and Sealants Market – By Function:

• Structural
• Non-Structural

Automotive Adhesives and Sealants Market – By Resin:

• Epoxy
• Acrylic
• Polyurethane
• Silicone
• Others

Automotive Adhesives and Sealants Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
• Rest of the World

Why Purchase our Automotive Adhesives and Sealants Market Report?

• Market analysis for the global automotive adhesives and sealants market, with region specific assessments and competition analysis on the global and regional scales
• Market definition, along with the identification of key drivers and restraints
• Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies that can influence this automotive adhesives and sealants market, on a global and regional scale
• Extensively researched competitive landscape section, with profiles of major companies along with their market shares
• Identification and analysis of the macro and micro factors that affect the global automotive adhesives and sealants market on both, global and regional scales
• A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information
• A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them, to sustain and grow in the studied market
• Insights on the major countries/regions in which the industry is growing and to identify the regions that are still untapped.