Adhesives are used in the automotive industry for the application of bonding and for the functions of providing resistance against heat and corrosion. High performing adhesives are used in order to bond a number of automotive components like windshields and wire harnesses. Automotive sealants play an important role in providing safety and comfort to the vehicle besides contributing in vehicle durability and strength. Automotive sealants also help in achieving consistency and integrity in the vehicle.
Market Analysis and Insights: Global Automotive Adhesives and Sealants Market
Due to the COVID-19 pandemic, the global Automotive Adhesives and Sealants market size is estimated to be worth US$ 5921.2 million in 2022 and is forecast to a readjusted size of US$ 6786.7 million by 2028 with a CAGR of 2.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Adhesives accounting for % of the Automotive Adhesives and Sealants global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Body-in-White segment is altered to an % CAGR throughout this forecast period.
Global players of Automotive Adhesives and Sealants include Henkel, H.B. Fuller, Sika, PPG, Bostik, DuPont, and 3M, etc. Top five players occupy for share about 65%. China is the largest producer, with a share about 30%, followed by Europe, North America, and Japan, with market share 20%, 13%, 11%, separately. In terms of product, Adhesives is the largest segment, with a share over 77%. In terms of application, Body-in-White is the largest market, with a share about 45%.
Global Automotive Adhesives and Sealants Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Automotive Adhesives and Sealants Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Adhesives
Sealants
Segment by Application
Body-in-White
Interior & Exterior
Powertrain
Aftermarket
By Company
Henkel
H.B. Fuller
Sika
PPG
Bostik
DuPont
3M
LORD Corporation
Illinois Tool Works
Unitech
Hubei Huitian New Materials
Yokohama Rubber (Hamatite)
ThreeBond
Ashland
Uniseal
Jowat
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina