Automotive Adhesives & Sealants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global automotive adhesives & sealants market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Automotive Adhesives & Sealants Market Size (2024E): USD 9.0 billion
Projected Market Value (2031F): USD 12.8 billion
Global Market Growth Rate (CAGR 2024 to 2031): 5.2%

Automotive Adhesives & Sealants Market - Report Scope:

Automotive adhesives and sealants are critical in the manufacturing and assembly of vehicles, used extensively throughout the Body-in-White (BIW) stage for bonding metals and composites. They enhance vehicle crashworthiness and contribute to reduced noise, vibration, and harshness (NVH). The market is driven by the growing automotive industry, advancements in adhesive technology, and the rising demand for lightweight vehicles.

Market Growth Drivers:

1. Electrification and Growth of the Electric Vehicle Market: The rapid adoption of electric vehicles (EVs) is a significant driver for the market. EV manufacturers require specialized adhesives and sealants for battery assembly, thermal management, and lightweight construction, which are essential for enhancing vehicle range and performance.

2. Rising Demand for Lightweight Vehicles: Increasing concerns about fuel consumption and greenhouse gas emissions are leading to a higher demand for lightweight vehicles. Adhesives and sealants are crucial in reducing vehicle weight and improving fuel efficiency.

3. Advancements in Adhesive Technology: Continuous improvements in adhesive technology contribute to better performance, durability, and safety in automotive applications. This drives the demand for advanced adhesives and sealants.

4. Growing Automotive Industry: The overall expansion of the automotive industry, particularly in emerging economies, is boosting the demand for adhesives and sealants to ensure structural integrity and enhance vehicle performance.

5. Asia Pacific Market Growth: Asia Pacific is a leading regional market for automotive adhesives and sealants, projected to record a CAGR of 7.1% during the forecast period due to the rapid growth of automotive production and increased demand in the region.

Market Restraints:

1. High Costs of Advanced Adhesives: The cost of advanced adhesives and sealants can be higher compared to traditional options, which may impact adoption, especially in cost-sensitive segments.

2. Regulatory Challenges: Stringent environmental regulations and standards related to the use of certain chemicals in adhesives and sealants may pose challenges for market players.

Market Opportunities:

1. Innovation in Adhesive Formulations: Ongoing innovation in adhesive formulations offers opportunities for the development of new products that cater to the evolving needs of the automotive industry.

2. Expansion in Emerging Markets: Growing automotive production in emerging economies presents opportunities for market expansion and increased adoption of automotive adhesives and sealants.

Key Questions Answered in the Report:

1. What are the current and projected market sizes for automotive adhesives and sealants?

2. What are the key drivers and restraints impacting the market growth?

3. Which regional markets are expected to witness the highest growth rates?

4. How are advancements in adhesive technology influencing market dynamics?

Competitive Intelligence and Business Strategy:

The automotive adhesives and sealants market is characterized by continuous innovation and competition among leading players. Companies are focusing on developing advanced products that offer enhanced performance and meet regulatory requirements. Strategic partnerships, mergers, and acquisitions are common in the industry to expand market presence and leverage technological advancements.

Key Companies Profiled:

3M
PPG Industries, Inc.
BASF SE
H.B. Fuller Company
Henkel AG & Co.
KGaA, Huntsman International LLC
Sika AG
The Dow Chemical Company
Jowat SE
Permabond LLC
Hernon Manufacturing Inc.
Evonik Industries AG and Delo

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

Passenger Cars
HCV
LCV

By Region

North America
Latin America
Europe
Asia Pacific Excluding Japan
The Middle East and Africa

Product Code: PMRREP21673

1. Executive Summary

1.1. Global Automotive Adhesives & Sealants Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Bn
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, 2019-2031

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