Report Summary

The global automotive adhesive & sealants market was valued at USD 4.1 billion in 2018 and is anticipated to grow at a CAGR of 6.9% during the forecast period. Automotive adhesives enable different types of materials in a vehicle to be joined together during assembly or repair. Automotive adhesives are used to join materials easily where welding is not feasible. Automotive adhesives major finds applications in production of high performing and lightweight vehicles. Use of composite materials in these vehicles makes welding impractical, whereas use of mechanical fasteners adds to the vehicle weight.

Automotive adhesives are used for interior as well as exterior applications. Interior applications include headliner adhesive, body panel adhesive, interior trim adhesive, load floor adhesive, upholstery and carpet adhesive, while the exterior applications include windscreen bonding, anti-flutter adhesive, hem flange adhesive, and exterior trim adhesive.

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The Automotive Adhesive & Sealants Industry is driven by factors such as growing automotive industry, and increasing demand for light-weight vehicles worldwide. There has been a significant growth in the modernization of vehicles leading to reduction in noise, vibration and harsh properties, boosting the growth of the Automotive Adhesive & Sealants Industry. Factors such as growing urbanization, and increase in sale of passenger vehicles and low carbon emitting vehicles influence the market growth.

The technological advancements, and increasing trend of sustainable adhesives improve the market. The rising penetration of electric and hybrid vehicles, and growing implementation of new assembly methods have increased the growth of the Automotive Adhesive & Sealants Industry. The increasing adoption of bio-based adhesives, and growing demand from emerging economies would provide numerous growth opportunities in the Automotive Adhesive & Sealants Industry.

Segment Analysis

The global Automotive Adhesive & Sealants Market is segmented on the basis of resin type, technology, application, vehicles type, sales channel, and region. The report segments the resin types into epoxy, acrylics, polyurethanes, rubber, polyvinylchloride, silicones, and others. The polyurethanes segment dominated the global automotive adhesives & Sealants industry in 2018. The increasing demand for passenger and commercial vehicles, along with government regulations drives the growth of this automotive adhesives & Sealants market segment.

The application segment is divided into assembly, body in white, paint shop, powertrain, and others. The body in white segment is expected to grow at the highest rate during the forecast period. The increasing adoption of electric vehicles, and growing modernization of vehicles drive the growth of this segment.

The report segments the technology into hot melt, pressure sensitive, solvent based, water based, and others. The report segments the vehicle types into Passenger Vehicles, and Commercial Vehicles. Passenger vehicles dominated the global market in 2018 owing to increasing demand for passenger cars from emerging economies, and technological advancements. Rising disposable income, changing lifestyles, growing demand for luxury and comfortable driving experience would support the market growth. The sales channel segment is categorized into OEM, and aftermarket. OEM accounted for the dominant share in the global market during 2018.

Automotive Adhesive & Sealants Market Scope

By Resin Type By Vehicle Type By Application By Technology By Sales Channel By Region Epoxy

Acrylics

Polyurethanes

Rubber

Polyvinylchloride

Silicones

Others Boxes and Containers

Passenger Vehicles

Commercial Vehicles Assembly

Body in White

Paint Shop

Powertrain

Others Hot Melt

Pressure Sensitive

Solvent Based

Water Based

Others OEM

Aftermarket North America (U.S., Canada)

Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands)

Asia-Pacific (China, Japan, India, Australia, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines)

Latin America (Brazil, Mexico, Argentina)

Middle East and Africa (UAE, Saudi Arabia, South Africa)

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Regional Analysis

The report comprises a detailed geographic analysis across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., and Canada. Europe is divided into Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific. Asia-Pacific accounted for the largest share in the global market during 2017. The growing disposable income, and improving living standards, along with emerging economies of China, Japan, and India boost the market growth in Asia-Pacific. The introduction of vehicular regulations and increasing penetration of electric vehicles are factors expected to provide growth opportunities in the region during the forecast period.

Competitive Landscape

The leading players in the report include The DOW Chemical Company, Henkel & Co. KGaA, 3M Company, Solvay S.A., Sika AG, Franklin Adhesives and Polymers, BASF SE, Evonik Industries AG, Illinois Tool Works Corporation, and Bostik S.A. These leading players are introducing innovative products in the market to cater to the growing demand for consumers. Global players are entering new markets in developing regions to expand their customer base, strengthen market presence, and increase their market share.