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

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 find diverse application in automobile industry. Stringent environmental regulations implemented by authorities with the aim of reducing carbon emissions have led to an increased demand for lightweight bonding materials instead of conventional heavy metal fasteners. Notably, Bostik's introduction of a new silyl modified polymer (SMP) technology is expected to enhance efficiency and safety standards in the automotive industry.

Consequently, automakers are increasingly shifting towards water-based adhesives, which are more environmentally friendly. Advancements in the market are primarily driven by factors like miniaturization and weight reduction. This has prompted businesses to develop specialized products with a wide range of features. With these technological developments, manufacturers now have the opportunity to create eco-friendly adhesives that cure rapidly, utilizing biobased and renewable resources. This is predicted to stimulate growth within the industry.

US Automotive Adhesives and Sealants Market is poised to grow at a sustainable CAGR for the next forecast year.