PUBLISHER: Grand View Research | PRODUCT CODE: 1375998
PUBLISHER: Grand View Research | PRODUCT CODE: 1375998
The North America & Europe adhesives and sealants market size is expected to reach USD 118.2 billion by 2030, growing at a CAGR of 7.7%, according to a new report by Grand View Research, Inc.. The industry growth is majorly driven by the large-scale utilization of the product for assembling glass, metals, rubber, etc. in the automotive and construction industries. Progress in adhesive and sealant technology has spurred the creation of highly efficient and customized solutions. Manufacturers are now crafting adhesive and sealant products precisely designed to address the unique requirements of diverse sectors, including automotive, construction, electronics, and aerospace.
Within the automotive sector, adhesives and sealants hold a critical position, impacting aspects like vehicle design, manufacturing procedures, and overall performance. According to Permabond, adhesives and sealants tailored for the automotive industry provide an efficient and lightweight approach to connecting plastic and composite components. By substituting traditional mechanical fasteners with these adhesive solutions, manufacturers of automotive components can realize numerous advantages. These encompass reduced component weight, achieving a cleaner and more aerodynamic finish, enhancing stress distribution, and elevating component performance.
The United States' dominant position in the automotive industry is emphasized by the ongoing significant investments made by companies in the country. This manufacturing prowess results in cutting-edge technologies and has a far-reaching impact, creating stable and enduring employment opportunities across the nation. Numerous adhesive and sealant manufacturers in North America opt for direct engagement with industries like automotive, aerospace, construction, electronics, and packaging. These manufacturers frequently forge partnerships with prominent industrial clients, delivering tailor-made solutions that precisely cater to their unique requirements.