Automotive Adhesives and Sealants Market by Type, by Application, by Geography - Global Market Size, Share, Development, Growth and Demand Forecast, 2013 - 2023

  • ID: 4600345
  • Report
  • Region: Global
  • 141 pages
  • P&S Market Research
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Global automotive adhesives and sealants market is projected to reach $11,871.6 million by 2023,

The market growth is mainly driven by growing demand for lightweight vehicles, vehicle safety standards and regulations, and increasing vehicle production worldwide. Automotive adhesives and sealants are the substances that are used for various bonding and sealing applications in the automotive industry. These materials help in improving comfort, performance, reliability, and safety of vehicles.

Insights on market segments

On the basis of type, the automotive adhesives and sealants market is categorized into epoxy, acrylics, polyurethanes, rubber, polyvinylchloride (PVC), silicones, and hot melts. Silicones are expected to be the fastest growing type in the market, advancing at a CAGR of 6.0% in terms of volume, during the forecast period. Its fastest growth is attributed to the properties of silicones-based material in reducing vibrations and have high heat and temperature-resistance properties. Hence, these are widely used in the UTH and power train applications.

Based on application, the automotive adhesives and sealants market is segmented into body in white (BIW), under-the-hood (UTH) and power train, paint shop, and assembly. During the forecast period, the market is expected to witness the highest growth for assembly applications, with CAGR of 6.5%, to reach $4,958.8 million by 2023. This is attributed to the increasing vehicle manufacturing across the world, driven by the increasing purchasing power of consumers.

Automotive adhesives and sealants market to witness the fastest growth in Asia-Pacific (APAC) during the forecast period

APAC is expected to continue being the largest and fastest-growing automotive adhesives and sealants market in the coming years. APAC is one of the major regions where the sales of vehicles is growing at a rapid pace. According to the Economic Times, the region’s GDP growth rate will be between 6.0% and 6.5% in 2019. Owing to the growing GDP and per capita income, the sales of vehicles have witnessed high growth over the past few years. Such increase in demand for vehicle production is driving the market growth in the region.

In terms of volume, Europe held the second-largest share, of more than 25.0%, in the automotive adhesives and sealants market, in 2017. The growth for adhesives and sealants in the region is driven by growing domestic demand for automobiles in countries such as Germany, U.K., France, and Italy. Adhesives and sealants are widely used in automotive applications, such as in gaskets placing, sealing of core plugs, and bonding of automotive hose. With the ongoing rise in the production of automobiles, the demand for automotive adhesives and sealants in the region is expected to rise during the forecast period.

Increasing development of bio-based adhesives and sealants expected to provide growth opportunities in the market

Due to the rising environmental concerns, companies are developing bio-based adhesives and sealants to replace chemical based adhesives and sealants. In order to enhance the sustainability efforts without compromising performance, the companies are developing these bio-based adhesives and sealants. For example, DowDuPont Inc., has developed RENUVA technology for adhesives and sealants, which offers benefits that covers various applications in the adhesives and sealants marketplace, including improved water resistance, high flexibility, and good adhesion on a variety of substrates. Hence, it is expected to create ample opportunities for the industry players operating in the automotive adhesives and sealants market.

Automotive adhesives and sealants market competitive landscape

Some of the major players operating in the global automotive adhesives and sealants market are Henkel AG & Co. KGaA, DowDuPont Inc., Sika AG, PPG Industries Inc., 3M Company, H.B. Fuller Company, Permatex, Bostik SA, Illinois Tool Works Inc., EFTEC AG.

Global Automotive Adhesives And Sealants Market Segmentation

By Type

Epoxy
Acrylics
Polyurethanes
Rubber
PVC
Silicones
Hot Melts

By Application

BIW
UTH and Power Train
Paint Shop
Assembly

By Region

North America
U.S.
Canada
Europe
Germany
Spain
France
U.K.
Russia
Italy
Czech Republic
Rest of Europe
APAC
China
Japan
South Korea
India
Thailand
Indonesia
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Argentina
Rest of LATAM
Middle-East and Africa (MEA )
Saudi Arabia
South Africa
Rest of MEA
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Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Type
1.3.2 Market Segmentation By Application
1.3.3 Market Segmentation By Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.3.5.2 Volume
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.2.1.2 By Industry Participant
2.2.1.3 By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Type
4.1.1.1 Epoxy
4.1.1.2 Acrylics
4.1.1.3 Polyurethanes
4.1.1.4 Rubber
4.1.1.5 Pvc
4.1.1.6 Silicones
4.1.1.7 Hot Melts
4.1.2 By Application
4.1.2.1 Biw
4.1.2.2 Uth And Power Train
4.1.2.3 Paint Shop
4.1.2.4 Assembly
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Manufacturers Switching From Traditional Spot-Welding Techniques To New Assembly Methods
4.3.1.2 Increasing Penetration Of Electric Vehicles In Various Countries Worldwide
4.3.2 Drivers
4.3.2.1 Increasing Demand Of Lightweight Vehicles
4.3.2.2 Vehicles Safety Standards And Regulations
4.3.2.3 Increasing Worldwide Vehicle Production
4.3.2.4 Impact Analysis Of Drivers On Market Forecast
4.3.3 Restraints
4.3.3.1 Low Awareness About The Usage And Advantages Of Adhesives And Sealants
4.3.3.2 Fluctuating Cost Of Raw Materials
4.3.3.3 Impact Analysis Of Restraints On Market Forecast
4.3.4 Opportunities
4.3.4.1 Bio-Based Adhesives And Sealants

Chapter 5. Global Market Size And Forecast
5.1 By Type
5.2 By Application
5.2.1 Biw
5.2.1.1 Automotive Adhesives And Sealants Market For Biw Application, By Adhesives And Sealants Type
5.2.1.1.1 Structural
5.2.1.1.2 Non-Structural
5.2.2 Uth And Power Train
5.2.3 Paint Shop
5.2.4 Assembly
5.3 By Region

Chapter 6. North America Market Size And Forecast
6.1 By Type
6.2 By Application
6.3 By Country

Chapter 7. Europe Market Size And Forecast
7.1 By Type
7.2 By Application
7.3 By Country

Chapter 8. APAC Market Size And Forecast
8.1 By Type
8.2 By Application
8.3 By Country

Chapter 9. LATAM Market Size And Forecast
9.1 By Type
9.2 By Application
9.3 By Country

Chapter 10. MEA Market Size And Forecast
10.1 By Type
10.2 By Application
10.3 By Country

Chapter 11. Competitive Landscape
11.1 Competitive Benchmarking Of Key Players
11.2 Global Strategic Developments Of Key Players
11.2.1 Mergers And Acquisitions
11.2.2 Facility Expansions
11.2.3 Other Developments

Chapter 12. Company Profiles
12.1 Henkel Ag & Co. Kgaa
12.1.1 Business Overview
12.1.2 Product And Service Offerings
12.1.3 Key Financial Summary
12.2 Dowdupont Inc.
12.2.1 Business Overview
12.2.2 Product And Service Offerings
12.2.3 Key Financial Summary
12.3 Sika Ag
12.3.1 Business Overview
12.3.2 Product And Service Offerings
12.3.3 Key Financial Summary
12.4 Ppg Industries, Inc.
12.4.1 Business Overview
12.4.2 Product And Service Offerings
12.4.3 Key Financial Summary
12.5 3M Company
12.5.1 Business Overview
12.5.2 Product And Service Offerings
12.5.3 Key Financial Summary
12.6 H.B. Fuller Company
12.6.1 Business Overview
12.6.2 Product And Service Offerings
12.6.3 Key Financial Summary
12.7 Permatex
12.7.1 Business Overview
12.7.2 Product And Service Offerings
12.8 Bostik Sa
12.8.1 Business Overview
12.8.2 Product And Service Offerings
12.9 Illinois Tool Works Inc.
12.9.1 Business Overview
12.9.2 Product And Service Offerings
12.9.3 Key Financial Summary
12.10 Eftec Ag
12.10.1 Business Overview
12.10.2 Product And Service Offerings

Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources And References
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