Product Code: PMRREP21673
Persistence Market Research has recently released a comprehensive report on the worldwide market for automotive adhesives and sealants. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global automotive adhesives and sealants market from 2024 to 2031.
Key Insights:
- Automotive Adhesives & Sealants Market Size (2024E): US$9.0 Bn
- Projected Market Value (2031F): US$12.8 Bn
- Global Market Growth Rate (CAGR 2024 to 2031):5.2%
Automotive Adhesives & Sealants Market - Report Scope:
Automotive adhesives and sealants are essential materials used in the manufacturing, assembly, and repair of vehicles. They play a significant role in enhancing vehicle performance, durability, and safety. These materials are used for bonding, sealing, and protecting various components, such as windshields, body panels, engines, and interiors. The automotive adhesives and sealants market serves diverse applications, including structural bonding, trim bonding, and sealing of components to improve the overall quality of vehicles.
Market Growth Drivers:
The global automotive adhesives and sealants market is propelled by several key factors, including the growing demand for lightweight vehicles, advancements in automotive design, and an increasing focus on fuel efficiency. The rise in electric vehicle (EV) production and demand for advanced manufacturing technologies, such as automated assembly, also drives the need for specialized adhesives and sealants. Additionally, increasing consumer preferences for enhanced safety, noise, and vibration control in vehicles further boosts market expansion. The growing adoption of advanced materials in vehicle construction, such as carbon fiber and aluminum, has also led to the demand for specialized adhesives and sealants designed for these materials.
Market Restraints:
Despite promising growth prospects, the automotive adhesives and sealants market faces challenges related to the volatility of raw material prices, stringent regulatory standards, and the environmental impact of certain chemicals used in adhesives. Manufacturers must navigate complex regulations governing the use of adhesives and sealants, particularly those related to VOC emissions and the overall environmental footprint. Moreover, the high cost of advanced adhesive solutions may hinder market penetration in price-sensitive regions, especially in emerging markets where cost-effective alternatives are preferred.
Market Opportunities:
The automotive adhesives and sealants market presents significant growth opportunities driven by advancements in adhesive technologies, such as the development of high-performance adhesives for electric and autonomous vehicles. The increasing demand for electric vehicles and hybrid vehicles, which require lightweight materials and enhanced battery safety, creates a strong demand for specialized adhesive solutions. Moreover, growing trends in automotive customization and the rising popularity of automotive repair and maintenance services offer new avenues for market players to expand their product offerings and capitalize on the aftermarket sector.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the automotive adhesives and sealants market globally?
- Which adhesive types and applications are driving adoption across different vehicle segments?
- How are technological advancements in adhesive formulations reshaping the competitive landscape of the automotive adhesives and sealants market?
- Who are the key players contributing to the automotive adhesives and sealants market, and what strategies are they employing to maintain market relevance?
- What are the emerging trends and future prospects in the global automotive adhesives and sealants market?
Competitive Intelligence and Business Strategy:
Leading players in the global automotive adhesives and sealants market, including 3M, Henkel AG & Co. KGaA, Sika AG, and Dow Inc., focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced adhesive solutions for electric vehicles, lightweight materials, and enhanced performance applications. Collaborations with automotive manufacturers, suppliers, and research institutions help improve product development and market access. Emphasis on sustainability, environmentally friendly adhesive formulations, and compliance with global regulations is crucial for market players aiming to capture new opportunities in the growing automotive sector.
Key Companies Profiled:
- 3M
- Henkel AG & Co. KGaA
- Sika AG
- Dow Inc.
- BASF SE
- Arkema S.A.
- H.B. Fuller Company
- The Scott Bader Company Ltd.
- LORD Corporation
- Evonik Industries AG
Automotive Adhesives & Sealants Market Research Segmentation
By Resin Type
- Polyurethane
- Epoxy
- Acrylic
- PVA
- EVA
- Styrenic Block
- Other Product Types
By Application
- Paint Shop
- Body-in-White
- Assembly
- UTH & Power Train
By Vehicle Type
By Region
- North America
- Latin America
- Europe
- Asia Pacific Excluding Japan
- The Middle East and Africa
Table of Contents
1. Executive Summary
- 1.1. Global Automotive Adhesives & Sealants Market Snapshot, 2024-2031
- 1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.4. COVID-19 Impact Analysis
- 2.5. Forecast Factors - Relevance and Impact
3. Value Added Insights
- 3.1. Value Chain Analysis
- 3.2. Key Deals and Mergers
- 3.3. PESTLE Analysis
- 3.4. Porter's Five Force Analysis
4. Price Trend Analysis, 2024-2031
- 4.1. Key Highlights
- 4.2. Key Factors Impacting Resin Type Prices
- 4.3. Pricing Analysis, By Resin Type
- 4.4. Regional Prices and Resin Type Preferences
5. Global Automotive Adhesives & Sealants Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 5.1. Key Highlights
- 5.1.1. Market Volume (KiloTons) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
- 5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024-2031
- 5.3. Global Automotive Adhesives & Sealants Market Outlook: Resin Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (KiloTons) Analysis, By Resin Type, 2019-2023
- 5.3.3. Current Market Size (US$ Bn) and Volume (KiloTons) Analysis and Forecast, By Resin Type, 2024-2031
- 5.3.3.1. Polyurethane
- 5.3.3.2. Epoxy
- 5.3.3.3. Acrylic
- 5.3.3.4. PVA
- 5.3.3.5. EVA
- 5.3.3.6. Styrenic Block
- 5.3.3.7. Other Product Types
- 5.4. Market Attractiveness Analysis: Resin Type
- 5.5. Global Automotive Adhesives & Sealants Market Outlook: Application
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Application, 2019-2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 5.5.3.1. Paint Shop
- 5.5.3.2. Body-in-White
- 5.5.3.3. Assembly
- 5.5.3.4. UTH & Power Train
- 5.6. Market Attractiveness Analysis: Application
- 5.7. Global Automotive Adhesives & Sealants Market Outlook: Vehicle Type
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) Analysis, By Vehicle Type, 2019-2023
- 5.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Vehicle Type, 2024-2031
- 5.7.3.1. Passenger Cars
- 5.7.3.2. HCV
- 5.7.3.3. LCV
- 5.8. Market Attractiveness Analysis: Application
6. Global Automotive Adhesives & Sealants Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn) and Volume (KiloTons) Analysis, By Region, 2019-2023
- 6.3. Current Market Size (US$ Bn) and Volume (KiloTons) Analysis and Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
7. North America Automotive Adhesives & Sealants Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 7.1. Key Highlights
- 7.2. Historical Market Size (US$ Bn) and Volume (KiloTons) Analysis, By Market, 2019-2023
- 7.2.1. By Country
- 7.2.2. By Resin Type
- 7.2.3. By Application
- 7.2.4. By Vehicle Type
- 7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. Current Market Size (US$ Bn) and Volume (KiloTons) Analysis and Forecast, By Resin Type, 2024-2031
- 7.4.1. Polyurethane
- 7.4.2. Epoxy
- 7.4.3. Acrylic
- 7.4.4. PVA
- 7.4.5. EVA
- 7.4.6. Styrenic Block
- 7.4.7. Other Product Types
- 7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 7.5.1. Paint Shop
- 7.5.2. Body-in-White
- 7.5.3. Assembly
- 7.5.4. UTH & Power Train
- 7.6. Current Market Size (US$ Bn) Analysis and Forecast, By vehicle Type, 2024-2031
- 7.6.1. Passenger Cars
- 7.6.2. HCV
- 7.6.3. LCV
- 7.7. Market Attractiveness Analysis
8. Europe Automotive Adhesives & Sealants Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 8.1. Key Highlights
- 8.2. Historical Market Size (US$ Bn) and Volume (KiloTons) Analysis, By Market, 2019-2023
- 8.2.1. By Country
- 8.2.2. By Resin Type
- 8.2.3. By Application
- 8.2.4. By Vehicle Type
- 8.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Turkey
- 8.3.8. Rest of Europe
- 8.4. Current Market Size (US$ Bn) and Volume (KiloTons) Analysis and Forecast, By Resin Type, 2024-2031
- 8.4.1. Polyurethane
- 8.4.2. Epoxy
- 8.4.3. Acrylic
- 8.4.4. PVA
- 8.4.5. EVA
- 8.4.6. Styrenic Block
- 8.4.7. Other Product Types
- 8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 8.5.1. Paint Shop
- 8.5.2. Body-in-White
- 8.5.3. Assembly
- 8.5.4. UTH & Power Train
- 8.6. Current Market Size (US$ Bn) Analysis and Forecast, By vehicle Type, 2024-2031
- 8.6.1. Passenger Cars
- 8.6.2. HCV
- 8.6.3. LCV
- 8.7. Market Attractiveness Analysis
9. East Asia Automotive Adhesives & Sealants Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 9.1. Key Highlights
- 9.2. Historical Market Size (US$ Bn) and Volume (KiloTons) Analysis, By Market, 2019-2023
- 9.2.1. By Country
- 9.2.2. By Resin Type
- 9.2.3. By Application
- 9.2.4. By Vehicle Type
- 9.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. Current Market Size (US$ Bn) and Volume (KiloTons) Analysis and Forecast, By Resin Type, 2024-2031
- 9.4.1. Polyurethane
- 9.4.2. Epoxy
- 9.4.3. Acrylic
- 9.4.4. PVA
- 9.4.5. EVA
- 9.4.6. Styrenic Block
- 9.4.7. Other Product Types
- 9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 9.5.1. Paint Shop
- 9.5.2. Body-in-White
- 9.5.3. Assembly
- 9.5.4. UTH & Power Train
- 9.6. Current Market Size (US$ Bn) Analysis and Forecast, By vehicle Type, 2024-2031
- 9.6.1. Passenger Cars
- 9.6.2. HCV
- 9.6.3. LCV
- 9.7. Market Attractiveness Analysis
10. South Asia & Oceania Automotive Adhesives & Sealants Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 10.1. Key Highlights
- 10.2. Historical Market Size (US$ Bn) and Volume (KiloTons) Analysis, By Market, 2019-2023
- 10.2.1. By Country
- 10.2.2. By Resin Type
- 10.2.3. By Application
- 10.2.4. By Vehicle Type
- 10.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of South Asia & Oceania
- 10.4. Current Market Size (US$ Bn) and Volume (KiloTons) Analysis and Forecast, By Resin Type, 2024-2031
- 10.4.1. Polyurethane
- 10.4.2. Epoxy
- 10.4.3. Acrylic
- 10.4.4. PVA
- 10.4.5. EVA
- 10.4.6. Styrenic Block
- 10.4.7. Other Product Types
- 10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 10.5.1. Paint Shop
- 10.5.2. Body-in-White
- 10.5.3. Assembly
- 10.5.4. UTH & Power Train
- 10.6. Current Market Size (US$ Bn) Analysis and Forecast, By vehicle Type, 2024-2031
- 10.6.1. Passenger Cars
- 10.6.2. HCV
- 10.6.3. LCV
- 10.7. Market Attractiveness Analysis
11. Latin America Automotive Adhesives & Sealants Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Historical Market Size (US$ Bn) and Volume (KiloTons) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Resin Type
- 11.3.3. By Application
- 11.3.4. By Vehicle Type
- 11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
- 11.5. Current Market Size (US$ Bn) and Volume (KiloTons) Analysis and Forecast, By Resin Type, 2024-2031
- 11.5.1. Polyurethane
- 11.5.2. Epoxy
- 11.5.3. Acrylic
- 11.5.4. PVA
- 11.5.5. EVA
- 11.5.6. Styrenic Block
- 11.5.7. Other Product Types
- 11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 11.6.1. Paint Shop
- 11.6.2. Body-in-White
- 11.6.3. Assembly
- 11.6.4. UTH & Power Train
- 11.7. Current Market Size (US$ Bn) Analysis and Forecast, By vehicle Type, 2024-2031
- 11.7.1. Passenger Cars
- 11.7.2. HCV
- 11.7.3. LCV
- 11.8. Market Attractiveness Analysis
12. Middle East & Africa Automotive Adhesives & Sealants Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 12.1. Key Highlights
- 12.2. Historical Market Size (US$ Bn) and Volume (KiloTons) Analysis, By Market, 2019-2023
- 12.2.1. By Country
- 12.2.2. By Resin Type
- 12.2.3. By Application
- 12.2.4. By Vehicle Type
- 12.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 12.3.1. GCC Countries
- 12.3.2. Egypt
- 12.3.3. South Africa
- 12.3.4. Northern Africa
- 12.3.5. Rest of Middle East & Africa
- 12.4. Current Market Size (US$ Bn) and Volume (KiloTons) Analysis and Forecast, By Resin Type, 2024-2031
- 12.4.1. Polyurethane
- 12.4.2. Epoxy
- 12.4.3. Acrylic
- 12.4.4. PVA
- 12.4.5. EVA
- 12.4.6. Styrenic Block
- 12.4.7. Other Product Types
- 12.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 12.5.1. Paint Shop
- 12.5.2. Body-in-White
- 12.5.3. Assembly
- 12.5.4. UTH & Power Train
- 12.6. Current Market Size (US$ Bn) Analysis and Forecast, By vehicle Type, 2024-2031
- 12.6.1. Passenger Cars
- 12.6.2. HCV
- 12.6.3. LCV
- 12.7. Market Attractiveness Analysis
13. Competition Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. 3M
- 13.3.1.1. Overview
- 13.3.1.2. Segments and Resin Types
- 13.3.1.3. Key Financials
- 13.3.1.4. Market Developments
- 13.3.1.5. Market Strategy
- 13.3.2. PPG Industries, Inc.
- 13.3.3. BASF SE
- 13.3.4. H.B. Fuller Company
- 13.3.5. Henkel AG & Co.
- 13.3.6. KGaA, Huntsman International LLC
- 13.3.7. Sika AG
- 13.3.8. The Dow Chemical Company
- 13.3.9. Jowat SE
- 13.3.10. Permabond LLC
- 13.3.11. Hernon Manufacturing Inc.
- 13.3.12. Evonik Industries AG and Delo
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations