Global Automotive Adhesives and Sealants Market

Automotive Adhesives and Sealants Market Size, Share, Growth Analysis, By Resin Type(Epoxy, Acrylics), By Application(Paint shop, Assembly) - Industry Forecast 2024-2031

Report ID: SQMIG15E2290 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 70 | Figures: 68

Automotive Adhesives and Sealants Market News

  • In In November 2021, Sika AG, a prominent player in the market, finalized a definitive agreement to acquire MBCC, a leading global supplier of construction chemicals with sales of approximately 2.9 billion. This acquisition is aimed at accelerating Sika AG's growth strategy and solidifying its position as a sustainability leader in the global construction industry.
  • In December 2021, 3M entered into a deal to merge its food safety unit with Neogen, valuing the combined company at USD 9.3 billion, including debt.
  • In March 2022, Bostik signed an agreement with DGE for distribution across Europe, Middle East, and Africa. The agreement involves the distribution of Born2BondTM engineering adhesives, designed for precise 'by-the-dot' bonding applications in specific industries such as automotive, electronics, luxury packaging, medical devices, and MRO (Maintenance, Repair, and Operations.
  • In April 2022, ITW Performance Polymers introduced Plexus MA8105, its latest adhesive product featuring fast room-temperature curing, excellent mechanical properties, and a wide range of adhesion capabilities.
  • In May 2022, ITW Performance Polymers announced a distribution partnership with PREMA SA in Poland for its Devcon brand.
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Automotive Adhesives and Sealants Market size was valued at USD 3.88 billion in 2021 and is poised to grow from USD 4.33 billion in 2022 to USD 11.64 billion by 2030, at a CAGR of 6.11% during the forecast period (2023-2030).

The Automotive Adhesives and Sealants competitive landscape is characterized by fierce competition among leading manufacturers, each striving to offer innovative and environmentally friendly solutions. With a focus on improved efficiency, safety, and sustainability, companies are investing in research and development to develop high-performance products. The market is witnessing a surge in water-based adhesives and biobased resources, catering to the growing demand for lightweight bonding materials in line with stringent environmental regulations. Specialized offerings and advancements in miniaturization and weight reduction are key drivers of this competitive industry. 'Delo Industrial Adhesives (Germany)', 'Arkema S.A. (France)', 'H.B. Fuller Company (US)', 'Henkel Ibérica S.A.(Spain)', 'Dow (US)', 'Permabond LLC (US)', '3M (US)', 'Master Bond Inc. (US)', 'Heartland Adhesives LLC (US)', 'BASF SE (Germany)', 'Avery Dennison Corporation (US)', 'Jowat SE (Germany)', 'ITW Performance Polymers (US)'

Increasingly strict environmental regulations worldwide are pushing the automotive industry to adopt greener and more sustainable solutions. As a result, there is a growing demand for adhesives and sealants that have lower VOC (volatile organic compounds) emissions and are made from biobased or renewable resources. These regulations drive manufacturers to develop and use more eco-friendly products in order to comply with the standards and reduce their carbon footprint.

Shift towards Eco-Friendly and Sustainable Solutions: As environmental concerns continue to grow, there is a significant trend towards using eco-friendly and sustainable adhesives and sealants in the automotive sector. Manufacturers are increasingly focusing on developing products that reduce carbon footprint and use biobased or renewable resources. Water-based adhesives, in particular, are gaining popularity due to their greener and less harmful nature compared to solvent-based alternatives.

The North America region dominated the automotive adhesives and sealants market. This dominance can be attributed to several factors, such as a well-established automotive industry, stringent emission regulations, and a strong focus on adopting advanced technologies. Additionally, North America is home to several major automotive manufacturers and suppliers, which further contributes to the significant demand for adhesives and sealants in this region.

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Global Automotive Adhesives and Sealants Market

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