Worldwide Automotive Adhesives and Sealants Industry Research Report - CAGR of 7% Expected Between 2020 and 2030
DUBLIN, Nov. 25, 2020 /PRNewswire/ -- The "Automotive Adhesives and Sealants Market Research Report: By Type, Application, Vehicle - Global Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global automotive adhesives and sealants market generated a revenue of $7,438.2 million in 2019 and is expected to reach a value of $12,646.8 million in 2030, progressing at a CAGR of 7.0% between 2020 and 2030. The prominent factors fueling the advancement of the market are the rising requirement for lightweight automobiles and the increasing implementation of strict vehicular safety regulations and norms in several countries, on account of the growing prevalence of road accidents.
In the recent times, there has been a sharp rise in the demand for lightweight vehicles having high speeds, power, and fuel-efficiency. As a result, many automobile manufacturing companies are increasingly making huge investments in R&D (research and development) activities aimed at developing lightweight vehicles. Moreover, they are rapidly replacing the conventionally used steel fixtures such as bolts and nuts with structural adhesives that offer excellent bonding between parts and components.
The usage of these adhesives in place of the heavier steel fixtures massively reduces the overall weight of the vehicle. Another major factor fueling the progress of the automotive adhesives and sealants market is the rising enactment of stringent safety norms for automobiles across the globe. The usage of rubber compounds called mastics for filling the vacuum in an automobile during the body-in-white (BIW) stage greatly reduces the impact of head-on collisions, thereby increasing passenger safety.
Based on type, the automotive adhesives and sealants market is classified into acrylics, epoxy, rubber, polyurethanes, hot melts, silicones, and polyvinylchloride (PVC). Amongst these, the epoxy category recorded the highest growth in the market in the past years, on account of the rising incorporation of epoxy adhesives in the automotive industry. This is mainly because of the superior properties of these adhesives such as the ability to provide rigid bonding, which helps in improving the structural integrity of an automobile.
Apart from providing rigid bonding, these adhesives also offer greater surface hardness, dimensional stability, and temperature stability in comparison to the other adhesives. These properties make the epoxy adhesives ideal for use in automobiles. Hence, with the surging automotive manufacturing across the globe, the requirement for epoxy adhesives will shoot-up, which will, in turn, cause the expansion of the market. Globally, the Asia-Pacific (APAC) automotive adhesives and sealants market will be very lucrative in the near future.
The growth of the APAC market will be driven by the soaring investments being made by European automobile manufacturing companies for expanding their presence in the Southeast Asian countries. In addition to this, the rising disposable income of the people residing in the developing nations such as India, China, Thailand, and Indonesia is further augmenting the advancement of the market in the region, as per the findings of the market research firm, the publisher.
Hence, it can be said with certainty that the market will exhibit stable growth all over the world in the forthcoming years, primarily because of the rising consumer preference for lightweight vehicles, on account of their higher speeds and greater fuel-efficiency than heavier vehicles, and the increasing implementation of strict government policies regarding vehicular safety in various countries around the world.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Application
1.3.3 Market Segmentation by Vehicle
1.3.4 Market Segmentation by Geography
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.3.6.2 Volume
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Epoxy
4.1.1.2 Acrylics
4.1.1.3 Polyurethanes
4.1.1.4 Rubber
4.1.1.5 PVC
4.1.1.6 Silicones
4.1.1.7 Hot melts
4.1.1.8 Others
4.1.2 By Application
4.1.2.1 BIW
4.1.2.2 UTH and power train
4.1.2.3 Paint shop
4.1.2.4 Assembly
4.1.3 By Vehicle
4.1.3.1 Passenger Cars
4.1.3.2 LCV
4.1.3.3 HMCV
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Manufacturers switching from traditional spot-welding techniques to new assembly methods
4.3.1.2 Increasing penetration of electric vehicles in various countries worldwide
4.3.2 Drivers
4.3.2.1 Increasing demand of lightweight vehicles
4.3.2.2 Vehicles safety standards and regulations
4.3.2.3 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Low awareness about the usage and advantages of adhesives and sealants
4.3.3.2 Fluctuating cost of raw materials
4.3.3.3 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Bio-based adhesives and sealants
4.4 Impact of COVID-19
4.4.1 Global Share by Countries
4.4.1.1 Contribution of Countries in Global Manufacturing Output
4.4.2 Contribution of Countries in Global Export and Import (2019)
4.4.2.1 Top 20 Countries by Export ($B)
4.4.2.2 Top 20 Countries by Import ($B)
4.4.3 Global Scenario of COVID-19 Impact
4.4.3.1 COVID-19-Infected Countries
4.4.4 Global Scenario:
4.4.4.1 GDP Growth Rate (2019)
4.4.4.2 GDP Growth Rate (2020)
4.4.4.3 GDP Growth Rate Projection for 2021
4.4.5 Assessment of COVID-19 Impact on GDP and Economic Forecast
4.4.6 Assessment of COVID-19 Impact on Workforce Across Various Sectors
4.4.7 Impact of COVID-19 on Global Automotive Adhesives and Sealants Market
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.2 By Application
5.2.1 BIW
5.2.1.1 Automotive adhesives and sealants market for BIW application, by adhesives and sealants type
5.2.1.1.1 Structural
5.2.1.1.2 Non-structural
5.2.2 UTH and Power Train
5.2.3 Paint Shop
5.2.4 Assembly
5.3 By Vehicle
5.4 By Region
Chapter 6. North America Market Size and Forecast
6.1 By Type
6.2 By Application
6.3 By Vehicle
6.4 By Country
Chapter 7. Europe Market Size and Forecast
7.1 By Type
7.2 By Application
7.3 By Vehicle
7.4 By Country
Chapter 8. APAC Market Size and Forecast
8.1 By Type
8.2 By Application
8.3 By Vehicle
8.4 By Country
Chapter 9. LATAM Market Size and Forecast
9.1 By Type
9.2 By Application
9.3 By Vehicle
9.4 By Country
Chapter 10. MEA Market Size and Forecast
10.1 By Type
10.2 By Application
10.3 By Vehicle
10.4 By Country
Chapter 11. Major Market: Segment Analysis
11.1 U.S., By Type
11.2 U.S., By Application
11.3 U.S., By Vehicle
11.4 China, By Type
11.5 China, By Application
11.6 China, By Vehicle
11.7 Japan, By Type
11.8 Japan, By Application
11.9 Japan, By Vehicle
11.10 Germany, By Type
11.11 Germany, By Application
11.12 Germany, By Vehicle
11.13 India, By Type
11.14 India, By Application
11.15 India, By Vehicle
Chapter 12. Competitive Landscape
12.1 Market Share Analysis of Key Players
12.2 Competitive Benchmarking of Key Players
12.3 List of Other Players
12.4 Global Strategic Developments of Key Players
12.4.1 Mergers and Acquisitions
12.4.2 Facility Expansions
12.4.3 Product Launch
12.4.4 Other Developments
Chapter 13. Company Profiles
13.1 Henkel AG & Co. KGaA
13.1.1 Business Overview
13.1.2 Product and Service Offerings
13.1.3 Key Financial Summary
13.2 The Dow Chemical Company
13.2.1 Business Overview
13.2.2 Product and Service Offerings
13.2.3 Key Financial Summary
13.3 Sika AG
13.3.1 Business Overview
13.3.2 Product and Service Offerings
13.3.3 Key Financial Summary
13.4 PPG Industries Inc.
13.4.1 Business Overview
13.4.2 Product and Service Offerings
13.4.3 Key Financial Summary
13.5 3M Company
13.5.1 Business Overview
13.5.2 Product and Service Offerings
13.5.3 Key Financial Summary
13.6 H.B. Fuller Company
13.6.1 Business Overview
13.6.2 Product and Service Offerings
13.6.3 Key Financial Summary
13.7 Permatex Inc.
13.7.1 Business Overview
13.7.2 Product and Service Offerings
13.8 Bostik S.A.
13.8.1 Business Overview
13.8.2 Product and Service Offerings
13.9 Illinois Tool Works Inc.
13.9.1 Business Overview
13.9.2 Product and Service Offerings
13.9.3 Key Financial Summary
13.10 EFTEC AG
13.10.1 Business Overview
13.10.2 Product and Service Offerings
Chapter 14. Appendix
14.1 Abbreviations
14.2 Sources and References
14.3 Related Reports
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