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.
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%.
The global Automotive Adhesives and Sealants market was valued at US$ 4705 million in 2020 and it is expected to reach US$ 6613.7 million by the end of 2027, growing at a CAGR of 2.3% during 2021-2027.
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 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
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.
Request for a free sample or purchase this report at: https://www.themarketreports.com/report/global-automotive-adhesives-and-sealants-market-outlook
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 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Segment by Application
- Interior & Exterior
- B. Fuller
- LORD Corporation
- Illinois Tool Works
- Hubei Huitian New Materials
- Yokohama Rubber (Hamatite)
Production by Region
- North America
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)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Mr. Shirish Gupta
The Market Reports | Industry and Market Reports at its Best
Call: +1-631-407-1315 / +91-750-729-1479