Analysis of the Global Automotive Adhesives and Sealants Market
The automotive adhesives and sealants market is at the forefront of technological advancements. It is mainly focused on improving bonding attributes of dissimilar substrates and enhancing their handling ease.
Adhesives and sealants are sought as a replacement for welding because of their low overall cost. More automotive industry applications are expected to accelerate demand over the forecast period.
Fuel economy regulations in developed regions have resulted in redesigned vehicles that use lightweight materials such as aluminum and composites in place of steel. Automotive original equipment manufacturers (OEMs) globally are looking to reduce vehicle weight and make them more compact, which will increase usage of adhesives and sealants.
Adhesives and sealants are increasingly penetrating body in white (BIW) and assembly applications—the most attractive growth segments. Rapid adoption of aluminum and composites in these segments increases bonding needs and will drive market revenue.
The Asia-Pacific (APAC) region will continue to lead the market in size and growth rate because of its faster-growing automotive industry. Rest of World (ROW) is expected to be the second-fastest growing market, with Brazil and Mexico emerging as the hotspots for automotive OEMs. Europe and North America continue to use the highest average volume of adhesives and sealants per vehicle.
Efficient technical support, product performance, and close relationships with OEMs will remain the key differentiating factors among market participants.
About this report
This research service presents an assessment of the current status and future prospects of the global automotive adhesives and sealants market. It takes into account the revenue generated from adhesive and sealant material sales from 2011 to 2021. Revenue is recorded at the manufacturer level. The study analyzes the technological trends for passenger vehicle and light commercial vehicle production that will affect demand. It also discusses industry challenges, and market drivers and restraints. The effects of original equipment manufacturer lightweighting trends on the design of adhesives and sealants are also reviewed. Strategic recommendations are provided.
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