Why the Automotive Adhesives and Sealants Market is Set to Explode ? Major Players are Dow, 3M, Illinois Tool, EFTEC, H.B. Fuller Company, Henkel AG, Sika AG & Others

Automotive adhesives and sealants are the substances that are used for various bonding and sealing applications in the automotive industry. These materials are chemically similar but functionally different. They help in improving driving comfort, performance, reliability, and safety of vehicles.

On the basis of type, the automotive adhesives and sealants market is categorized into epoxy, acrylics, polyurethanes, rubber, polyvinylchloride (PVC), silicones, and hot melts. Among all types, the volume sales of epoxy accounted for the largest share of more than 20.0% in the market in 2017. The superior properties of epoxy-based adhesives are rigid bonding which aids in enhancing the structural integrity of the vehicle. Hence, with the increasing demand for vehicles, the demand for epoxy-based adhesives and sealants is also expected to increase in the coming years in the region.

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Globally, APAC was the largest region in the automotive adhesives and sealants market, contributing more than 40.0% revenue to the market in 2017. The largest share of the region is attributed to the high economic growth rate, developing infrastructure, growing purchasing power, and the shift in production capacity for adhesives and sealants from the developed markets to this region.

Engineers generally use traditional ways to design joints using mechanical fasteners or welds that offer relatively predictable and accurate performance. However, the preferences of consumers are changing, leading to the need of new vehicle designs using lighter gauge metals, and coated steels. Henceforth, manufacturers have started using adhesives in the automotive components manufacturing, owing to the advantages it offers in terms of flexibility during the production process. Thus, manufacturers switching from traditional spot-welding techniques to new assembly methods is a major trend witnessed in the automotive adhesives and sealants market.

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The traditional welding and mechanical fastening of automotive parts is a matured process in the automotive industry, and the players are comfortable with the efficiency and procedures of these processes. However, such level of maturity and comfort with single technology poses challenge for the penetration of products, which can offer various advantages. The industry is not well aware and also reluctant in trying out adhesives in place of traditional winding processes. Hence, low awareness regarding the advantage of adhesives and sealants in automotive industry is one of the major factor restraining the market growth.

BIW application in automotive adhesives and sealants market is further bifurcated into structural and non-structural applications. Structural BIW application held the larger volume share, of more than 65.0%, in the market in 2017. Based on adhesives and sealants type, the BIW application is further bifurcated into epoxy, acrylics, polyurethanes, rubber, and PVC. Epoxy held the largest volume share in the market in 2017.

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