Global Automotive Adhesive and Sealants Market Size of USD 9.0 Billion in 2017

The global automotive adhesives and sealants market is expected to reach USD 13.6 billion by 2024 and is also expected to witness CAGR of 6.1% during the forecast period 2018 – 2024. It has been observed that automobile manufacturers are majorly concentrating upon automotive constituents that are developed from thermoplastic elastomers to upgrade automobiles performance and manufacture vehicles that are lightweight.

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Among all the types, the global epoxy segment of global automotive adhesive and sealants market have been contributing largest revenue of USD 2.2 billion in 2017 and is projected to contribute largest revenue of USD 3.5 billion by 2024.

Increasing disposable income, mounting economy and improved standards of living of the citizens in countries such as China and India, are the major factors attributed towards the increasing growth of automotive adhesive and sealants market. Asia-Pacific accounted for largest share in the global automotive adhesive & sealant market in 2017 and is further expected to become largest revenue holder in this market by 2024. Extensive production volume and stringent government regulations in the automotive sector in this region has majorly contributed towards the popularity of adhesive and sealants.

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The key players are concentrating upon enhancing the integrity and design of the vehicle along with meeting the increasing demand of electric vehicles of the consumers that is ultimately contributing towards the growth of global automotive adhesive and sealants market. The key companies operating in the global automotive adhesive & sealants market include Henkel AG & Co. KGaA, 3M Company, Dow Chemical Co., Kommerling, PPG Industries, Inc., Permatex, Krayden, Inc., and Sika AG.

Global Automotive Adhesive and Sealants Market Coverage

Application Insight and Forecast 2014 - 2024

UTH and Power Train
BIW
Assembly
Paint Shop
Type Insight and Forecast 2014 - 2024

Polyurethanes
Rubber
Epoxy
Acrylics
Silicones
PVC
Hot Melts
Geographical Segmentation

Automotive Adhesive and Sealants Market by Region

North America

U.S.
Canada
Europe

Germany
U.K.
France
Russia
Italy
Czech Republic
Spain
Rest of Europe
Asia-Pacific

Japan
China
India
South Korea
Thailand
Indonesia
Rest of Asia-Pacific
Latin America

Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa

Saudi Arabia
South Africa
Rest of Middle East and Africa

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