Global Automotive Adhesives & Sealants market Analysis On Applications 2027
Market Analysis
The global Automotive
Adhesives & Sealants market is
predicted to grow at a healthy CAGR between 2016-2024, reveals the new Market
Research Future (MRFR) report. Sealants and adhesives, although share many
similar characteristics but are not structurally or chemically identical and
cannot be used interchangeably at all times. A sealant is used for closing gaps
which other materials cannot close successfully, while an adhesive is a mixture
that bonds items together. It exists in different states such as powder or
liquid.
Various
factors are propelling the Automotive Adhesives & Sealants market growth. These factors, as stated by the
latest Market Research Future (MRFR) report, include demand for bio-based
adhesives, development of new materials, and increasing penetration of lightweight
passenger vehicles having lower emissions and higher fuel economy. Moreover,
growing use in different applications such as assembly, leather and footwear,
automotive and transportation, consumer/DIY, woodworking, building and
construction, paper and packaging, and others are adding to the market
growth.
On the flip
side, stringent environmental regulations concerning VOC emissions and volatile
costs of Automotive Adhesives & Sealants are factors that may restrict the Automotive
Adhesives & Sealants market growth over
the forecast period.
Market
Segmentation
The Market
Research Future report provides an all-inclusive segmental analysis of the Automotive
Adhesives & Sealants market on the
basis of application, technology, and product.
Based on
technology, the Automotive Adhesives & Sealants market is segmented into solvent-based and
water-based. Of these, the water-based segment will have the largest share in
the market over the forecast period owing to its wide use in automotive,
construction, pressure-sensitive, and others.
Sample link
- https://www.marketresearchfuture.com/sample_request/5514
Based on the
product, the Automotive Adhesives & Sealants market is segmented into epoxy, polyvinyl
acetate, polyurethane, and acrylic. Of these, the acrylic segment will lead the
market over the forecast period owing to its extensive use for embedding,
jointing, grouting, and caulking in the construction industry.
Based on the
application, the Automotive Adhesives & Sealants market is segmented into automotive,
construction, and pressure-sensitive. Of these, the pressure-sensitive segment
will dominate the market over the forecast period owing to the increasing use
of adhesives in labels or tapes for various non-structural applications.
Regional
Analysis
By region,
the Automotive Adhesives & Sealants market report covers the latest trends and
growth opportunities across the Middle East and Africa, Europe, Latin America,
the Asia Pacific, and North America. Of these, the APAC region will lead the
market over the forecast period for its increasing consumption in furniture,
packaging, automotive, construction, pressure-sensitive, and others. India,
Japan, and China are the chief contributors in this region.
The Automotive
Adhesives & Sealants market in North
America is predicted to have significant growth over the forecast period owing
to increasing use of water-proof sealants in furniture and packaging. Besides,
the growing use of high-temperature adhesives in pressure-sensitive and
automotive segments is also adding to the growth of the market. Mexico, Canada,
as well as the US are the chief contributors in this region.
The Automotive
Adhesives & Sealants market in
Europe is predicted to have a steady growth over the forecast period for the
implementation of new regulations and rules laid down by the government.
France, Germany, Italy, as well as the UK are the chief contributors in this
region owing to investors and manufacturers shifting their focus to products
that are eco-friendly.
The global Automotive
Adhesives & Sealants market in Latin
America is predicted to have a notable growth over the forecast period for the
growing awareness of environmentally-friendly products and increasing
consumption of composites.
The Automotive
Adhesives & Sealants market in the
MEA is predicted to have a favorable growth over the forecast period owing to
the burgeoning demand for silicone sealants in various end-use
industries.
Key
Players
Major players
profiled in the Automotive Adhesives & Sealants market report include Henkel AG & Co. KGaA
(Germany), H.B. Fuller Company (US), Ellsworth Adhesives (US), Eastman Chemical
Company (US), The Dow Chemical Company (US), BOSTIK SA (France), Beardow Adams
(UK), AVERY DENNISON CORPORATION (US), Ashland (US), and 3M (Germany).
Industry
News
October 2019:
PPG has recently added an automotive Automotive Adhesives & Sealants laboratory to its manufacturing & research
complex at Cleveland OH. This facility will emphasize to develop and test
sealants, structural adhesives, and associated products for commercial cars,
SUVs, light trucks, and passenger cars. The lab will have the latest equipment
to test product adhesion, flexibility, strength, and sound-dampening properties
of PPG products that are used by most leading original equipment manufacturers
worldwide.
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