Automotive Adhesives & Sealants Market by Type (Adhesives, Sealants), Resin, Technology, Vehicle Type, Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Report Format: PDF   |   Report ID: 5705684   |   Published Date: October 2024   |   Pages:  176  

Automotive Adhesives & Sealants Market Size
The global automotive adhesives & sealants market size was valued at $7.60 billion in 2024 and is projected to reach $11.40 billion by 2030, growing at a CAGR of 7.0% during the forecast period.
Automotive Adhesives & Sealants Market Overview
Automotive adhesives and sealants are specialized materials used in vehicle manufacturing and repair to bond and seal various components. These substances play a crucial role in ensuring the structural integrity, durability, and safety of automobiles by joining different materials, such as metals, plastics, and composites. Adhesives are used for bonding parts like body panels, windshields, and interior components, providing strength and reducing the need for mechanical fasteners, which can add weight and create stress points. Sealants are applied to prevent the ingress of water, dust, and air, ensuring the vehicle remains weatherproof and quiet. The use of these materials enhances the overall performance of the vehicle, contributes to weight reduction for improved fuel efficiency, and allows for more innovative design and manufacturing processes. As automotive technology advances, the demand for high-performance adhesives and sealants continues to grow, driven by the need for lightweight, durable, and safe vehicles.
Automotive Adhesives & Sealants Market Dynamics
• The automotive adhesives & sealants market is expected to witness significant growth in the future due to growing demand for lightweight and fuel-efficient vehicles, increasing use of advanced materials like composites and plastics in vehicle manufacturing, and the rising production of electric and hybrid vehicles.
• Additionally, stringent regulations for vehicle safety and emissions and the technological advancements in adhesive and sealant formulations are the prominent factors driving the growth of the market.
• However, the high costs of high-performance adhesives and sealants and the fluctuating raw material prices are restraining the market growth.
• On the contrary, the expansion in emerging markets with growing automotive industries, increasing investment in research and development for eco-friendly products, and growing adoption of autonomous vehicles are creating opportunities for market growth.
  
By Resin, the Epoxy Segment Constitutes Immense Share with Automotive Adhesives & Sealants Market
The epoxy segment holds a significant share within the automotive adhesives & sealants market owing to its exceptional bonding properties and versatility. Epoxy adhesives are known for their high strength, durability, and resistance to environmental factors such as heat, chemicals, and moisture, making them ideal for various applications in vehicle manufacturing. They are particularly effective in bonding different materials, including metals, plastics, and composites, which are increasingly used in modern vehicles to reduce weight and improve fuel efficiency. Additionally, epoxy adhesives contribute to vehicle safety by enhancing the structural integrity and crashworthiness of automobiles. The shift towards electric and hybrid vehicles, which require reliable and robust bonding solutions for battery packs and other components, further drives the demand for epoxy adhesives. As automotive manufacturers strive for innovative designs and improved performance, the superior characteristics of epoxy adhesives make them a preferred choice, fueling their market growth.
By Geography, Asia Pacific is Projected to Show Strong Presence in the Automotive Adhesives & Sealants Market
Asia Pacific is anticipated to show a robust presence during the forecast period due to its booming automotive industry. Countries like China, Japan, India, and South Korea are major automotive manufacturing hubs, driven by rising urbanization, increasing disposable incomes, and growing consumer demand for vehicles. Additionally, the region is witnessing a surge in the production of electric and hybrid vehicles, which require advanced adhesive and sealant solutions for battery assembly and lightweight construction. The emphasis on reducing vehicle weight to enhance fuel efficiency and comply with stringent environmental regulations further boosts the demand for high-performance adhesives and sealants. Furthermore, the region's strong presence of automotive OEMs and component manufacturers, coupled with continuous investments in R&D for innovative adhesive technologies, contributes to the robust growth of this market.
Key Target Audience:
• Automotive Manufacturers (OEMs)
• Automotive Component Suppliers
• Adhesive and Sealant Manufacturers
• Research and Development Institutions
• Regulatory and Standardization Bodies
• Automotive Aftermarket Service Providers
• Raw Material Suppliers 
• Environmental and Safety Organizations
List of the Key Players Profiled in the Report Includes: 
• 3M
• Arkema Group
• Avery Dennison Corporation
• Hubei Huitian New Materials Co. Ltd
• DELO Industrie Klebstoffe GmbH & Co. KGaA
• DowDuPont
• H.B. Fuller Company
• Huntsman International LLC
• Henkel AG & Co. KGaA
• Illinois Tool Works Inc
• PPG Industries, Inc
• Sika AG
Recent Developments:
• In May 2024, Arkema agreed to acquire Dow's flexible packaging laminating adhesives business, a leading producer in the flexible packaging market with annual sales of approximately US$250 million. This acquisition will significantly expand Arkema's portfolio of solutions for flexible packaging, positioning the Group as a key player in this attractive market.
• In August 2023, Avery Dennison Performance Tapes announced the launch of a new line of high-performing pressure-sensitive adhesive (PSA) tape products for the building and construction industry. The Cold Tougho Adhesive Portfolio provides a bonding solution that performs reliably across a wide range of environmental conditions, from the harshness of winter to the intense humidity of summer.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Type: 
• Adhesives
• Sealants
Market by, Resin:
• Acrylic
• Cyanoacrylate
• Epoxy
• Polyurethane
• Silicone
• Vinyl Acetate Ethylene (VAE)/Ethylene Vinyl Acetate (EVA)
• Other Resins
Market by, Technology: 
• Hot Melt
• Reactive
• Solvent-borne
• UV Cured Adhesives
• Water-borne
Market by, Vehicle Type:
• Passenger Cars
• Commercial Vehicles
• Electric Vehicles (EVs)
• Autonomous Vehicles (AVs)
Market by, Application:
• Body in White (BIW)
• Electronics
• Glass Bonding
• Interior and Exterior Trim
• Paint Shop
• Powertrain
Market by, Geography:
The automotive adhesives & sealants market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis
Scope of the Report:
The report oGlobal Automotive Adhesives & Sealants Market: Industry Analysis, Opportunities and Forecast up to 2030o by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.
The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.
1 Market Introduction             
    1.1 Market Definition          
    1.2 Research Scope and Segmentation        
    1.3 Stakeholders          
    1.4 List of Abbreviations         
                
2 Executive Summary              
                
3 Research Methodology             
    3.1 Identification of Data         
    3.2 Data Analysis          
    3.3 Verification          
    3.4 Data Sources          
    3.5 Assumptions          
                
4 Market Dynamics              
    4.1 Market Drivers          
    4.2 Market Restraints          
    4.3 Market Opportunities         
    4.4 Market Challenges          
                
5 Porter's Five Force Analysis             
    5.1 Bargaining Power of Suppliers         
    5.2 Bargaining Power of Buyers         
    5.3 Threat of New Entrants         
    5.4 Threat of Substitutes         
    5.5 Competitive Rivalry in the Market        
                
6 Global Automotive Adhesives & Sealants Market by, Type          
    6.1 Overview          
    6.2 Adhesives          
             6.2.1 Semi-structural Adhesives
             6.2.2 Non-structural Adhesives
    6.3 Sealants           
             6.3.1 Adhesive Sealants 
             6.3.2 Underbody Sealants
                
7 Global Automotive Adhesives & Sealants Market by, Resin          
    7.1 Overview          
    7.2 Acrylic           
    7.3 Cyanoacrylate          
    7.4 Epoxy           
    7.5 Polyurethane          
    7.6 Silicone           
    7.7 Vinyl Acetate Ethylene (VAE)/Ethylene Vinyl Acetate (EVA)      
    7.8 Other Resins          
                
8 Global Automotive Adhesives & Sealants Market by, Technology         
    8.1 Overview          
    8.2 Hot Melt           
    8.3 Reactive           
    8.4 Solvent-borne          
    8.5 UV Cured Adhesives         
    8.6 Water-borne          
                
9 Global Automotive Adhesives & Sealants Market by, Vehicle Type         
    9.1 Overview          
    9.2 Passenger Cars          
    9.3 Commercial Vehicles         
    9.4 Electric Vehicles (EVs)         
    9.5 Autonomous Vehicles (AVs)         
                
10 Global Automotive Adhesives & Sealants Market by, Application         
    10.1 Overview          
    10.2 Body in White (BIW)         
    10.3 Electronics          
    10.4 Glass Bonding          
    10.5 Interior and Exterior Trim         
    10.6 Paint Shop          
    10.7 Powertrain          
                
11 Global Automotive Adhesives & Sealants Market by, Geography         
    11.1 Overview          
    11.2 North America          
             11.2.1 US  
             11.2.2 Canada  
             11.2.3 Mexico  
    11.3 Europe           
             11.3.1 Germany  
             11.3.2 France  
             11.3.3 UK  
             11.3.4 Italy  
             11.3.5 Spain  
             11.3.6 Rest of Europe 
    11.4 Asia Pacific          
             11.4.1 China  
             11.4.2 Japan  
             11.4.3 India  
             11.4.4 South Korea 
             11.4.5 Australia  
             11.4.6 New Zealand 
             11.4.7 Rest of Asia Pacific 
    11.5 South America          
             11.5.1 Brazil  
             11.5.2 Argentina 
             11.5.3 Chile  
             11.5.4 Rest of South America
    11.6 Middle East & Africa         
             11.6.1 UAE  
             11.6.2 Saudi Arabia 
             11.6.3 Qatar  
             11.6.4 Iran  
             11.6.5 South Africa 
             11.6.6 Rest of Middle East & Africa
                
12 Key Developments              
                
13 Company Profiling              
    13.1 3M           
             13.1.1 Business Overview 
             13.1.2 Product/Service Offering
             13.1.3 Financial Overview 
             13.1.4 SWOT Analysis 
             13.1.5 Key Activities 
    13.2 Arkema Group          
    13.3 Avery Dennison Corporation         
    13.4 Hubei Huitian New Materials Co. Ltd        
    13.5 DELO Industrie Klebstoffe GmbH & Co. KGaA       
    13.6 DowDuPont          
    13.7 H.B. Fuller Company         
    13.8 Huntsman International LLC         
    13.9 Henkel AG & Co. KGaA         
    13.10 Illinois Tool Works Inc         
    13.11 PPG Industries, Inc          
    13.12 Sika AG


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