Automotive Adhesives and Sealants Market Report：he global market size is projected to grow from USD 6986.3 million in 2023 to USD 8563 million by 2029
According to the new market research report “Automotive Adhesives and Sealants - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Automotive Adhesives and Sealants market size is projected to grow from USD 6986.3 million in 2023 to USD 8563 million by 2029, at a CAGR of 3.5% during the forecast period.
- Global Automotive Adhesives and Sealants MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Automotive Adhesives and Sealants - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Automotive Adhesives and Sealants Top10Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, "Automotive Adhesives and Sealants - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Automotive Adhesives and Sealants include Henkel, H.B. Fuller, Sika, PPG, Bostik, DuPont, 3M, LORD Corporation, Illinois Tool Works, Unitech, etc. In 2022, the global top 10 players had a share approximately 65.4% in terms of revenue.
- Automotive Adhesives and Sealants,Global Market Size, Split by Product Segment
Source: QYResearch, "Automotive Adhesives and Sealants - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Adhesives is the largest segment, hold a share of 64.8%.
- Automotive Adhesives and Sealants,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Automotive Adhesives and Sealants - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”029.
In terms of product application, currently Body-in-White is the largest segment, hold a share of 44.0%.
- Automotive Adhesives and Sealants,Global Market Size, Split by Region
Source: QYResearch, "Automotive Adhesives and Sealants - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
Lightweighting Trends: Automotive manufacturers are increasingly focused on reducing vehicle weight to improve fuel efficiency and meet emissions regulations. Adhesives and sealants offer lightweight bonding solutions that replace traditional mechanical fasteners such as screws and welds. This lightweighting trend drives the demand for automotive adhesives and sealants.
Electrification and Alternative Powertrains: The shift towards electric vehicles (EVs) and alternative powertrains presents new challenges and opportunities for automotive adhesives and sealants. EVs require specialized adhesives and sealants to bond and seal battery modules, electrical components, and lightweight structures, driving market growth in this segment.
Emerging Markets and Infrastructure Development: Growth opportunities in emerging markets, coupled with infrastructure development initiatives, drive demand for automotive adhesives and sealants. Increasing vehicle ownership rates, expansion of road networks, and investments in automotive manufacturing facilities create opportunities for market expansion in these regions.、
Restraint:
High Performance Requirements and Specifications: Automotive applications often require adhesives and sealants to meet stringent performance standards and specifications, including durability, temperature resistance, chemical resistance, and long-term reliability. Meeting these performance requirements can be challenging for adhesive and sealant manufacturers, especially in demanding automotive environments such as under-the-hood applications or exterior bonding in harsh weather conditions.
Cost Sensitivity and Price Pressures: Automotive manufacturers are highly cost-sensitive and operate within tight profit margins. Adhesives and sealants represent a relatively small portion of the overall vehicle cost but can significantly impact manufacturing expenses, especially for high-volume production. Price pressures from automotive OEMs may limit the adoption of premium adhesive and sealant products, leading to cost-driven decisions and commoditization within the market.
About The Authors
Zhao Jinhui - Lead Author
Email: zhaojinhui@qyresearch.com
Jinhui Zhao is a technology & market senior analyst specializing in automotive, transportation, and consumer goods-related fields, including automotive equipment and parts, upstream and downstream automotive industry, consumer appliances, etc.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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