Press release
APAC Automotive Adhesives and Sealants Market Share, Strategies, Emerging Technologies, Growth Rate Analysis, Trends and Forecast for Players Henkel AG & Co. KGaA, DowDuPont Inc., Sika AG, PPG Industries Inc., 3M Company, Permatex, Bostik SA, DIC Corporat
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On the basis of type, the APAC automotive adhesives and sealants market is segmented into epoxy, acrylics, polyurethanes, rubber, PVC, silicones, and hot melts. Among all types, epoxy is expected to be the fastest growing category in terms of volume sales, witnessing a CAGR of 4.6% during the forecast period. It also held the largest share in the market, attributed to its superior properties, over other types, such as excellent dimensional stability, surface hardness, high temperature stability, good heat-resistance, cost-effectiveness, fire-resistance, and very low flammability.
Based on application, the APAC automotive adhesives and sealants market is categorized into body in white (BIW), under-the-hood (UTH) and power train, paint shop, and assembly. BIW application accounted for more than 30.0% volume share in the APAC market in 2017. The largest share of the application is attributable to the high consumption of epoxy, polyurethane, and acrylics during the manufacturing process of cars.
Due to the rising environmental concerns, the 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 bio-based adhesives and sealants.
Automotive Adhesives and SealantChina was the largest revenue generating country, with a share of more than 50.0% in the APAC automotive adhesives and sealants market in 2017. The country is an emerging economy and is largest in terms of purchasing power parity, the second-largest economy in terms of nominal GDP, and one of the largest exporters of adhesives and sealants to many countries.
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Some of the major players in the APAC automotive adhesives and sealants market are Henkel AG & Co. KGaA, DowDuPont Inc., Sika AG, PPG Industries Inc., 3M Company, Permatex, Bostik SA, DIC Corporation, Huate Bonding Material Co. Ltd., Mitsui Chemicals Inc., and Shin-Etsu Chemical Co. Ltd.
APAC Automotive Adhesives and Sealants Market Segmentation
By Type
Epoxy
Acrylics
Polyurethanes
Rubber
Polyvinylchloride (PVC)
Silicones
Hot Melt
By Application
BIW
UTH and Power Train
Paint Shop
Assembly
By Country
China
By type
By application
Japan
By type
By application
South Korea
By type
By application
India
By type
By application
Thailand
By type
By application
Indonesia
By type
By application
Rest of APAC
By type
By application
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