Automotive Adhesives and Sealants Market Segmentation, Size, Share, Growth, Trends, And Demand Forecast to 2023

The Automotive Adhesives and Sealants 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.

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.

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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.

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.

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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