Global Automotive Sealants Market Overview:
Automotive sealant refers to a substance that is used to block the passage of fluids through the surface or joints or opening in material. It adheres to two adjoining parts of an assembly and prevents the passage of gases, liquid, dust etc., into or out of the assembly at that point. Growth in the automotive industry and huge investments in this sector are propelling the automotive sealants market. Some of the key players profiled in the study are Henkel (Germany), 3M (United States), Dow Corning (United States), Eastman Chemical (United States), Sika (Switzerland), Bostik (United States) and Royal Adhesives & Sealants LLC (United States).
On the basis of geography, the market of Automotive Sealants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component, the sub-segment i.e. Glass Run Channel Seals will boost the Automotive Sealants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Automotive Industry
- Increasing Demand for Lightweight Vehicles
- High Demand for Adhesives and Sealants in APAC
- Improvement in Technology and Advances in Material Sciences
- Miniaturization & weight reduction are key factors influencing technology trends in the market
- Emission of the Volatile Organic Compounds
- Harmful Pollutants from the Automotive Assembly Causing Harmful Effects in the Environment
- High-performance Adhesive Tapes for Advanced Applications
- Potential Growth in Emerging Market
- Meeting Environmental Standards
In June 2019, Henkel AG invested USD 39.4 billion and opened a new European hub for high-performing aerospace solutions in Spain. This expansion has helped to provide high-performance solutions for constantly growing demand and concentrate on the key trends in the global aerospace industry, such as lightweighting, fuel efficiency, and automation.
Target Audience:Automotive Sealants Manufacturers, Distributors, Raw Material Suppliers/ Buyers, Government Body & Associations and End-user
Major Objectives Focused through this Study To define, describe, and forecast the Global Automotive Sealants market on the basis of product [Polyvinyl Chloride (PVC), Polyurethanes, Silicones, Butyl Rubber and Other] , application [Cars, Trucks, Buses and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automotive Sealants market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Automotive Sealants industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are INDASA and Momentive.
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automotive Sealants market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.