Press release
Automotive Adhesive and Sealants Market Future Outlook: Business Scope, Growth Trends, Marketing Strategies, and Revenue Expansion Forecast To 2025-2034
The market for automotive adhesives and sealants is evaluated to be at USD 7.78 billion in 2024. During the forecast period, the market is expected to expand at a CAGR of 6.2%, increasing from USD 8.25 billion in 2025 to USD 14.16 billion in 2034. Key reasons for the growth of this market are:
✔ The rising emission regulations across the globe are driving the expansion of the automotive adhesive and sealants market worldwide.
✔ The increasing focus on emission regulations drives innovation and the use of advanced adhesive materials in the automotive industry, consequently enhancing the market.
✔ The demand for automotive adhesives and sealants is propelled by the increasing popularity and acceptance of electric vehicles.
✔ The rising advancements in adhesive and sealant formulations are expected to drive the growth of the global automotive adhesive and sealants market.
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What Are Automotive Adhesives and Sealants?
Automotive adhesives and sealants are used to bond different materials in vehicles, such as metals, plastics, and glass. They are used in many parts of a vehicle, including the windshield, body, dashboard, engine, and weather stripping. Adhesives and sealants are lightweight, which helps reduce the weight of the vehicle and improve performance. They are strong and durable, which helps maintain the structural integrity of the vehicle. They are also resistant to water, weather, and aging, which helps prevent corrosion and deterioration. There are many types of automotive adhesives and sealants, including acrylic, cyanoacrylate, epoxy, polyurethane, and silicone.
Key Players in Market
Important market developments such as innovative launches, international collaborations, increased investments, and mergers and acquisitions between businesses. Market participants are also engaging in a range of strategic initiatives to broaden their global footprint. Among the important participants are:
• 3M
• H.B. Fuller Company
• Henkel AG & Co. KGaA
• HUNTSMAN INTERNATIONAL LLC
• Sika AG
• PPG Industries, Inc.
• Dow
• Jowat SE
• Permabond
• Hernon Manufacturing Inc.
• Evonik Industries AG
• Solvay
• Bostik
• Akzo Nobel N.V.
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Automotive Adhesive and Sealants Market Report Highlights
» In terms of resin type, the polyurethanes segment accounted for a major automotive adhesive and sealants market share in 2024 due to its exceptional versatility and performance characteristics.
» Based on vehicle, the passenger cars segment dominated the market in 2024 owing to their high production volumes.
» In the global market, the Asia Pacific automotive adhesive and sealants market held the largest revenue share in 2024 due to the presence of automotive manufacturing hubs and the rising demand for vehicles.
» The North America automotive adhesive and sealants market is expected to witness significant CAGR during the forecast period due to advancements in EV production and the rising focus on sustainability and lightweight vehicle technologies.
Regional Analysis
Automotive Adhesive and Sealants Market, Regional Outlook
➤ North America
» Resin Type Outlook
» Epoxy
» Acrylics
» Polyurethanes
» Rubber
» Polyvinylchloride
» Silicones
» Synthetic Block
» VAE/EVA
➺ Technology Outlook Outlook
» Hot Melt
» Reactive
» Sealants
» Solvent-Borne
» UV Cured Adhesives
» Water-Borne
➺ Application Outlook
» Body in White (BIW)
» Paint Shop
» Powertrain
» Interior and Exterior Trim
» Glass Bonding
» Electronics
➺ Vehicle Outlook
» Passenger Cars
» Heavy Commercial Vehicles
» Light Commercial Vehicles
➤ Europe
» Resin Type Outlook
» Epoxy
» Acrylics
» Polyurethanes
» Rubber
» Polyvinylchloride
» Silicones
» Synthetic Block
» VAE/EVA
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Segmental Overview
• The market for automotive adhesives and sealants is basically segmented based on resin type, technology, application, vehicle, and region.
• The automotive adhesives and sealants market, based on resin type, is segmented as epoxy, acrylic, rubber, polyurethanes, silicones, PVCs, VAE/EVA, and synthetic block.
• In 2024, the polyurethanes segment, based on resin type, represented a major share of the automotive adhesive and sealants market, attributed to its outstanding versatility and performance traits.
• Based on vehicles, the market for automotive adhesives and sealants is segmented as light commercial vehicles, heavy commercial vehicles, and passenger cars.
• The passenger vehicles segment, based on vehicle type, led the market share in 2024 because of their elevated production levels.
✅ TOC:
1. Global Automotive Adhesives and Sealants Market Insights
1.1. Automotive Adhesives and Sealants Market - Market Snapshot
1.2. Automotive Adhesives and Sealants Market Dynamics
1.2.1. Drivers and Opportunities
1.2.1.1. Increasing Developments in Adhesive and Sealant Compositions
1.2.1.2. Growing Production of Motor Vehicles Worldwide
1.2.2. Restraints and Challenges
1.2.2.1. Strict production norms
1.3. Porter's Five Forces Analysis
1.3.1. Bargaining Power of Suppliers (Moderate)
1.3.2. Threats of New Entrants: (Low)
1.3.3. Bargaining Power of Buyers (Moderate)
1.3.4. Threat of Substitute (Moderate)
1.3.5. Rivalry among existing firms (High)
1.4. PESTEL Analysis
1.5. Automotive Adhesives and Sealants Market Trends
1.6. Value Chain Analysis
1.7. COVID-19 Impact Analysis
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