Automotive Adhesives & Sealants Market Worth $7.01 billion by 2026 | CAGR: 6.9%: Industry Players: The DOW Chemical Company, Henkel & Co. KGaA, 3M Company, Solvay S.A., Sika AG, Franklin Adhesives and Polymers, BASF SE, Evonik Industries AG, Bostik S.A. A

The global automotive adhesives & sealants market is estimated to reach USD 7.01 billion by 2026 growing at a CAGR of 6.9% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Automotive Adhesive & Sealants Market Share, Size, Trends, & Industry Analysis Report, By Resin Type (Epoxy, Acrylics, Polyurethanes, Rubber, Polyvinylchloride, Silicones); By Technology (Hot Melt, Pressure Sensitive); By Vehicle Type; By Sales Channel; By Regions]: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the passenger vehicles segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2018.

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The increase in the demand for light weight passenger vehicles, and growth in global automotive industry majorly drives the market growth. The increasing need to enhance vehicle performance and reduce noise and vibration of vehicles along with increasing modernization of vehicles supports the market growth. The growing demand for vehicles from emerging economies further increases the application of automotive adhesive. The rising penetration of electric and hybrid vehicles, growing adoption of sustainable adhesives, and introduction of government regulations accelerate the market growth. New emerging markets, increasing adoption of bio-based adhesives, and technological advancements would provide growth opportunities in the Automotive Adhesive & Sealants Industry in the coming years.

Asia-Pacific generated the highest market share in the global Automotive Adhesive & Sealants Industry during 2018. The growing urbanization, and rising population has accelerated the market growth in the region. The introduction of vehicular regulations and growing penetration of electric and hybrid vehicles increase the adoption of automotive adhesive in the region. The strong growth in the automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region.

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The economic growth in countries such as China, Japan, and India, rising living standards, and growing disposable income further increase the demand of automobiles in Asia-Pacific. Expansion of global players into these countries to tap market potential boosts the growth of the Automotive Adhesive & Sealants Market. Technological advancements and established R&D institutes in China and Japan further supports the market growth.

The well-known companies profiled 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 companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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Polaris Market Research has segmented the global Automotive Adhesive & Sealants market on the basis of source, functionality, application, distribution channel and region:

Automotive Adhesive Resin Type Outlook (Revenue, USD Billion, 2015 – 2026)
• Epoxy
• Acrylics
• Polyurethanes
• Rubber
• Polyvinylchloride
• Silicones
• Others

Automotive Adhesive Vehicle Type Outlook (Revenue, USD Billion, 2015 – 2026)
• Passenger Vehicles
• Commercial Vehicles

Automotive Adhesive Application Outlook (Revenue, USD Billion, 2015 – 2026)
• Assembly
• Body in White
• Paint Shop
• Powertrain
• Others

Automotive Adhesive Technology Outlook (Revenue, USD Billion, 2015 – 2026)
• Hot Melt
• Pressure Sensitive
• Solvent Based
• Water Based
• Others

Automotive Adhesive Sales Channel Outlook (Revenue, USD Billion, 2015 – 2026)
• OEM
• Aftermarket

Automotive Adhesive Regional Outlook (Revenue, USD Billion, 2015 – 2026)
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Belgium
o Russia
o Netherlands
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Korea
o Singapore
o Malaysia
o Indonesia
o Thailand
o Philippines
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

Mr. Rohit
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

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