Scope of the Study
Automotive Adhesives and Sealants allow making satisfactory repairs of component that is worn, damaged, or broken thus saving the cost of buying a new component. These adhesives & sealants require relatively little heat input and no damage occurs, unlike when rivets or screws are used. Adhesives and sealants have become a key technology in the automotive industry and continue to replace welding and mechanical fasteners. In the automotive industry, for example, adhesives are used in combination with spot welding for joining trunk assemblies. This combination provides sound deadening and sealing in addition to a strong joint.
The market study is being classified by Type (Automotive Adhesives and Automotive Sealants), by Application (Exterior, Interior, Under-the-Hood, Electronics, Powertrain, Body-in-white and Other) and major geographies with country level break-up.
H.B. Fuller Company (United States), Dow Inc. (United States), 3M Company (United States), Evonik Industries AG (Germany), Antala Ltd. (United Kingdom), Barnwell (United Kingdom), Bostik SA (United States), PPG Industries, Inc. (United States), Mitsubishi (Japan), Henkel AG & Company, KGaA (Germany), Sika AG (Switzerland), Illinois Tool Works Inc. (United States), EFTEC AG. (Switzerland) and Koninklijke DSM N.V. (Netherlands) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hexion Inc. (United States), N.D. Industries Inc. (United States), ThreeBond International (United States), Fasto Advance Adhesives Technologies (United States) and tesa SE (Germany).
The global automotive adhesives and sealants market is largely competitive and consists of several vendors who compete based on factors such as product properties, product quality, technology, and product pricing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant risk factors for the growth of manufacturers in automotive adhesives and sealants market. Research Analyst at AMA predicts that Europe and United States Vendors will contribute to the maximum growth of Global Automotive Adhesives And Sealants market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Automotive Adhesives And Sealants market by Type, Application and Region.
On the basis of geography, the market of Automotive Adhesives And 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Reduction of Direct Labor Costs and Material Cost
- Improved Product Durability and Reliability
- Increasing Adoption of Bio-Based Adhesives,
- Increasing Popularity of Lightweight Bonding Materials
- Demand for High-Performance Adhesive Tapes
- Ongoing Use of Traditional Welding & Mechanical Fastening of Automotive Parts
- Stability Over A Wide Temperature Range
- Removal of Unevenness on Material Surfaces.
- Rising Use of Plastics in Motor Vehicles
- Lack of Awareness Regarding the Advantage of Automotive Adhesives And Sealants
Market Leaders and their expansionary development strategies
In October 2019, Bostik acquired Prochimir, a company specializing in high performance thermobonding adhesive films. This acquisition broaden Bostik’s offering of solvent-free thermobonding solutions earmarked for many fast-growing industrial applications in the automotive, construction, textile and medical markets.
In November 2017, PPG entered into a global partnership with prestigious automotive giant Renault-Nissan Alliance to deliver custom-made structural adhesives and sealants (A&S). This partnership focus on delivering adhesives to more than one million Renault, Nissan and Samsung cars across Europe, Asia, North America and South America region.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Automotive Adhesives And Sealants Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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