Automotive Adhesives And Sealants Market Synopsis

Automotive Adhesives And Sealants Market Size Was Valued at USD  5.97 Billion in 2023, and is Projected to Reach USD  10.73 Billion by 2032, Growing at a CAGR of 6.73% From 2024-2032.

Automotive Adhesives and Sealants Market is a market of companies that are specialised in manufacturing and applying adhesive and sealant materials for vehicles industry. These elements give mechanical support, offer appearance and give an extra mileage to the vehicle by lessening the weight of the vehicle, and shield it from weather conditions thus making the vehicle safer and efficient.

• Automotive adhesives and sealants are currently witnessing explosive growth due to key changes in the automotive industry that include lightweighting, fuel efficiency, and enhanced bonding solutions. These adhesives and sealants are in the automotive application since they allow the assembly without joining techniques like welding, rivets and screws, which add weight and create material fatigue. Another factor enhancing demand is the progress toward electric vehicles (EVs) for which adhesives possess great thermal and mechanical characteristics necessary for battery construction and light weighting. Body-in-white (BIW) application ares among the key areas, where the use of structural adhesives provide better crash worthiness and improved damping and noise, vibration control. Also, adhesives are essential in joining the dissimilar material, such as aluminum, steel, and composites that constitute modern cars’ lightweight structures without trade-offs of safety and performance. Coating agents, on the other hand, refer to materials that are useful in maintaining vehicle structural integrity by offering barrier features such as moisture and dust, and general noise in different automotive applications including windshield and underbody uses.
• The market’s advancement is further supported by the escalating environmental standards in the industry forcing manufacturers to turn to higher performance adhesives with better environmental characteristics. Governments across Europe and North America continue to tighten their regulations concerning emissions and automobile safety, compelling automotive First-Line OE Suppliers to seek lighter adhesives and sealants that could help improve vehicle efficacy in crashes. This trend is creating socially responsible and green low VOC adhesives that will support global sustainability standards. Segments such as water borne and bio based adhesive technologies are finding increasing demand as companies aim to reduce the eco footprint but increase performance. Moreover, new generations of adhesives and sealants high-strength bonding systems, heat resistant adhesives  are allowing car makers to cope with new expectations of automotive design of present and further years in the area of appearance, durability, and thermal performance of electrification of car traction, at the presentelectric car power train.
• The Asia-Pacific region is also playing a major role in the market, because of the continuing automotive industry, rapidly growing consumer base and a rapidly growing market for electric cars. Increasing numbers of countries such as China, India, and South Korea are emerging as potent players in automobile manufacturing, so the manufacturers are keen on achieving local content and setting up production as well as research facilities that are used for addressing both the domestic and the export markets. In this revenue growth of the regional auto sector, adhesives and sealants are used in product assembly such as bodywork and interior trims, on electronic modules, and in assembling two-wheelers and passenger cars. The accessibility of affordable raw material is another added advantage and favourable government policies on use of EVs also augments the market potential in these countries. Furthermore, the increasing use of high-performance adhesives linking the electrical elements like sensors, car audio systems, and ADAS in vehicles has made the application of these materials to go beyond mechanical uses only.
• Their prices continue to be a challenge, specifically the cost of the raw materials such as resins and solvents since their prices can considerably affect the cost of adhesives and sealants industries. Industry disruptions for supply chains especially during events like the Covid19 pandemic showed the weaknesses of material procurement and transportation on the production schedule and costs. However, there are also important limitations that may arise from these developments, namely the necessity for the skilled application of coating and the often-specialised equipment necessary to achieve these results. These issues are among the reasons that industry participants are shifting towards vertical integration, digital manufacturing approaches, and the development of new partnerships with automotive OEMs on application-level solutions. There is also an increase in the utilization of automation and robotics in the application of the adhesives due to efficiency, less wastage of the material and speeding up of the actual assembly line to address current cost and efficiency challenges.
• To sum up, the automotive adhesives and sealants market is set for immense growth various factors such as new technology, increased environment regulation concerning automotive emissions, change in direction of automotive industry that promotes lightweight, fuel-efficient and electrical vehicles. Key drivers of the market path in the future include cutting edge environmentally friendly adhesives, increasing consumption of EVs, and shifting automobile industry novelties in the emerging economies. Nonetheless, addressing supply chain issues, raw material risks and funding operational and innovative R& development activities will be the challenges that will define the prize for players in the industry for competitiveness and advancements.

Automotive Adhesives And Sealants Market Trend Analysis

Increasing Use of Lightweight Materials in Automotive Manufacturing

• Automotive industry change towards lightweight materials such as aluminum, carbon fiber, and composites is one of the most important trends and influences the adhesives and sealants market. To the extent that car manufacturers are keen on altering the type of materials used in their vehicles, with a view of improving fuel efficiency and emission standards, then clearly the adhesives that would be needed to bond such lightweight materials are equally on the rise. Most traditional joining techniques are inapplicable or not as efficient with these new materials as adhesives and sealants are.
• This trend is also set to continue since many car manufacturers integrate the material into their vehicles in their bid to reach desired weight reduction objectives. The performance may get improved with enhancements in the bonding performance, stress sharing and other factors like NVH. As more vehicles employ adhesives rather than conventional mechanical fastening methods in lightweight car assembly, manufacturers and suppliers are compelled to develop and offer new versatile and high performing adhesive products suitable for automotive uses.

Rising Demand for Electric Vehicles (EVs)

• The opportunity to invest in Automotive Adhesives and Sealants Market has been offered by the increasing sales of electric vehicles (EV). Battery assembly, thermal management and structural bonding in EV manufacturing sector creates demand for high performance adhesives and sealants. As the world moves towards electric vehicles and cleaner means of transport, the adhesives to be used have to necessarily meet certain standards of thermal stability and conductivity.
• Furthermore, bonded assemblies are needed in EVs to join lightweight materials and bring down the vehicle weight and consequently advance efficacy. It further broadens the utilization of adhesives in EV production while also generating additional sales outlets for adhesive makers. Market developers who can include new features that meet the unique requirements of EVs are in a places to benefit from consuming markets positioning the market’s growth path.

Automotive Adhesives And Sealants Market Segment Analysis:

Automotive Adhesives And Sealants Market Segmented based on  Resin , and Technology.

By   Resin, Polyurethane segment is expected to dominate the market during the forecast period

• The Automotive Adhesives and Sealants market is thus segmented by base resin type as Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone and VAE/EVA. All the resin types described above provide characteristics ideal in the automotive industry but in different ways. Epoxy adhesives are preferred due to their high bonding strength and durability in the harsch environment for exterior vehicle use. Acyanoacrylate adhesive that hardens quickly is utilized in various contexts where assembly is normally done quickly.
• Epoxy adhesives are preferred due to their comparatively high strength and ability to withstand high temperatures thus commonly used in structural assemblies especially in bonding metals. Polyurethane adhesives make vehicles flexible and long-lasting they’re often used in the assembly of windshields and other glass features. Silicone adhesives provide a good heat and chemical resistanee which makes them useful for body parts of engines; VAE/EVA adhesives are used in interiors again because of their flexibility and low emission. This is principally because of the requirement of selecting the right type of resin best suited for each application requirement in the assembling of a vehicle.

By Technology  , Hot Melt segment held the largest share in 2023

• The market is also segmented by technology and distributes Hot Melt, Reactive, Sealants, Solvent-borne, UV Cured Adhesives and Water-borne technologies. The type of adhesives that are commonly used are hot melt adhesives because setting time is considerably short and is ideal for use where good early bond strength is desired. Heat setting, light activated or moisture curing systems deliver outstanding durability in onerous conditions and are inherently compatible with structural applications.
• Sealants are important in sealing or eliminating gaps to the extent that they prevent intrusion of external factors to the interiors of vehicles. The solvent-borne adhesives have proven impressive in bonding strength but concerns have recently arisen because of their VOC release making way for water-soluble ones. Among the characteristics of UV cured adhesives, one is the under UV light they cure quickly thus increasing production time in instance of electronic component bonding of vehicles. All of them satisfy certain requirements of automotive assembly business, and thus, address the issue of market segmentation.

Automotive Adhesives And Sealants Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• In the global Automotive Adhesives and Sealants Market, Asia-Pacific is substantially dominating at the moment due to the growing automotive sector throughout the countries such as China, India, Japan, and South Korea. These factors include;; increased production of vehicles on the regional market, improved consumers’ disposable income, and a changing need for fuel-efficient and electric vehicles. Out of the targets mentioned above, China requires special mention because it has abundant manufacturing facilities coupled with a strategic focus on EV manufacturing, making the demand for high-performance adhesives and sealants high.
• Besides, Asia-Pacific holds major players in the automobile industry as well as a sound supply chain network. Primarily, the inexpensive setting of the region for manufacturing and increased R & D investment for sophisticated adhesive products supports this theory consistently. This region remains sensitive to the need to switch to cleaners transport methods as governments’ encourage green automotive solutions, making the Asia-Pacific region indispensable to players in the automotive adhesives and sealants industry.

Active Key Players in the Automotive Adhesives And Sealants Market

• 3M (USA)
• Henkel AG & Co. KGaA (Germany)
• Sika AG (Switzerland)
• Bostik SA (France)
• H.B. Fuller (USA)
• PPG Industries (USA)
• Dow Inc. (USA)
• Lord Corporation (USA)
• Wacker Chemie AG (Germany)
• Permatex (USA) and Others Key Player

Key Industry Developments in the Automotive Adhesives And Sealants Market

• In August 2023, Dow announced the launch of its new VORANOL CP1100 polyol, which is designed for use in the production of high-performance automotive adhesives. The polyol is said to offer excellent adhesion, flexibility, and durability, and is well-suited for use in a variety of automotive applications, including bonding lightweight materials, sealing components, and attaching trim.
• In September 2023, Sika is the launch of its new SikaForce-7760 structural adhesive, which is designed for bonding lightweight materials in electric vehicles and other automotive applications. The adhesive is said to offer high strength and durability, as well as excellent resistance to chemicals and temperature extremes.
• In September 2023, Henkel announced the acquisition of the automotive adhesives business of Lord Corporation. The acquisition is said to strengthen Henkel's position in the automotive adhesives market and expand its portfolio of products and services.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Automotive Adhesives And Sealants Market by Resin
 4.1 Automotive Adhesives And Sealants Market Snapshot and Growth Engine
 4.2 Automotive Adhesives And Sealants Market Overview
 4.3 Acrylic
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Acrylic: Geographic Segmentation Analysis
 4.4 Cyanoacrylate
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Cyanoacrylate: Geographic Segmentation Analysis
 4.5 Epoxy
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Epoxy: Geographic Segmentation Analysis
 4.6 Polyurethane
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Polyurethane: Geographic Segmentation Analysis
 4.7 Silicone
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Silicone: Geographic Segmentation Analysis
 4.8 VAE/EVA
  4.8.1 Introduction and Market Overview
  4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.8.3 Key Market Trends, Growth Factors and Opportunities
  4.8.4 VAE/EVA: Geographic Segmentation Analysis

Chapter 5: Automotive Adhesives And Sealants Market by Technology
 5.1 Automotive Adhesives And Sealants Market Snapshot and Growth Engine
 5.2 Automotive Adhesives And Sealants Market Overview
 5.3 Hot Melt
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Hot Melt: Geographic Segmentation Analysis
 5.4 Reactive
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Reactive: Geographic Segmentation Analysis
 5.5 Sealants
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Sealants: Geographic Segmentation Analysis
 5.6 Solvent-borne
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Solvent-borne: Geographic Segmentation Analysis
 5.7 UV Cured Adhesives
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 UV Cured Adhesives: Geographic Segmentation Analysis
 5.8 Water-borne
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Water-borne: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Automotive Adhesives And Sealants Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 3M (USA)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 HENKEL AG & CO. KGAA (GERMANY)
 6.4 SIKA AG (SWITZERLAND)
 6.5 BOSTIK SA (FRANCE)
 6.6 H.B. FULLER (USA)
 6.7 PPG INDUSTRIES (USA)
 6.8 DOW INC. (USA)
 6.9 LORD CORPORATION (USA)
 6.10 WACKER CHEMIE AG (GERMANY)
 6.11 PERMATEX (USA)
 6.12 OTHERS ACTIVE PLAYERS

Chapter 7: Global Automotive Adhesives And Sealants Market By Region
 7.1 Overview
 7.2. North America Automotive Adhesives And Sealants Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Resin
  7.2.4.1 Acrylic
  7.2.4.2 Cyanoacrylate
  7.2.4.3 Epoxy
  7.2.4.4 Polyurethane
  7.2.4.5 Silicone
  7.2.4.6 VAE/EVA
  7.2.5 Historic and Forecasted Market Size By Technology
  7.2.5.1 Hot Melt
  7.2.5.2 Reactive
  7.2.5.3 Sealants
  7.2.5.4 Solvent-borne
  7.2.5.5 UV Cured Adhesives
  7.2.5.6 Water-borne
  7.2.6 Historic and Forecast Market Size by Country
  7.2.6.1 US
  7.2.6.2 Canada
  7.2.6.3 Mexico
 7.3. Eastern Europe Automotive Adhesives And Sealants Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Resin
  7.3.4.1 Acrylic
  7.3.4.2 Cyanoacrylate
  7.3.4.3 Epoxy
  7.3.4.4 Polyurethane
  7.3.4.5 Silicone
  7.3.4.6 VAE/EVA
  7.3.5 Historic and Forecasted Market Size By Technology
  7.3.5.1 Hot Melt
  7.3.5.2 Reactive
  7.3.5.3 Sealants
  7.3.5.4 Solvent-borne
  7.3.5.5 UV Cured Adhesives
  7.3.5.6 Water-borne
  7.3.6 Historic and Forecast Market Size by Country
  7.3.6.1 Bulgaria
  7.3.6.2 The Czech Republic
  7.3.6.3 Hungary
  7.3.6.4 Poland
  7.3.6.5 Romania
  7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Automotive Adhesives And Sealants Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Resin
  7.4.4.1 Acrylic
  7.4.4.2 Cyanoacrylate
  7.4.4.3 Epoxy
  7.4.4.4 Polyurethane
  7.4.4.5 Silicone
  7.4.4.6 VAE/EVA
  7.4.5 Historic and Forecasted Market Size By Technology
  7.4.5.1 Hot Melt
  7.4.5.2 Reactive
  7.4.5.3 Sealants
  7.4.5.4 Solvent-borne
  7.4.5.5 UV Cured Adhesives
  7.4.5.6 Water-borne
  7.4.6 Historic and Forecast Market Size by Country
  7.4.6.1 Germany
  7.4.6.2 UK
  7.4.6.3 France
  7.4.6.4 Netherlands
  7.4.6.5 Italy
  7.4.6.6 Russia
  7.4.6.7 Spain
  7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Automotive Adhesives And Sealants Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Resin
  7.5.4.1 Acrylic
  7.5.4.2 Cyanoacrylate
  7.5.4.3 Epoxy
  7.5.4.4 Polyurethane
  7.5.4.5 Silicone
  7.5.4.6 VAE/EVA
  7.5.5 Historic and Forecasted Market Size By Technology
  7.5.5.1 Hot Melt
  7.5.5.2 Reactive
  7.5.5.3 Sealants
  7.5.5.4 Solvent-borne
  7.5.5.5 UV Cured Adhesives
  7.5.5.6 Water-borne
  7.5.6 Historic and Forecast Market Size by Country
  7.5.6.1 China
  7.5.6.2 India
  7.5.6.3 Japan
  7.5.6.4 South Korea
  7.5.6.5 Malaysia
  7.5.6.6 Thailand
  7.5.6.7 Vietnam
  7.5.6.8 The Philippines
  7.5.6.9 Australia
  7.5.6.10 New Zealand
  7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Automotive Adhesives And Sealants Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Resin
  7.6.4.1 Acrylic
  7.6.4.2 Cyanoacrylate
  7.6.4.3 Epoxy
  7.6.4.4 Polyurethane
  7.6.4.5 Silicone
  7.6.4.6 VAE/EVA
  7.6.5 Historic and Forecasted Market Size By Technology
  7.6.5.1 Hot Melt
  7.6.5.2 Reactive
  7.6.5.3 Sealants
  7.6.5.4 Solvent-borne
  7.6.5.5 UV Cured Adhesives
  7.6.5.6 Water-borne
  7.6.6 Historic and Forecast Market Size by Country
  7.6.6.1 Turkey
  7.6.6.2 Bahrain
  7.6.6.3 Kuwait
  7.6.6.4 Saudi Arabia
  7.6.6.5 Qatar
  7.6.6.6 UAE
  7.6.6.7 Israel
  7.6.6.8 South Africa
 7.7. South America Automotive Adhesives And Sealants Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Resin
  7.7.4.1 Acrylic
  7.7.4.2 Cyanoacrylate
  7.7.4.3 Epoxy
  7.7.4.4 Polyurethane
  7.7.4.5 Silicone
  7.7.4.6 VAE/EVA
  7.7.5 Historic and Forecasted Market Size By Technology
  7.7.5.1 Hot Melt
  7.7.5.2 Reactive
  7.7.5.3 Sealants
  7.7.5.4 Solvent-borne
  7.7.5.5 UV Cured Adhesives
  7.7.5.6 Water-borne
  7.7.6 Historic and Forecast Market Size by Country
  7.7.6.1 Brazil
  7.7.6.2 Argentina
  7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research