Global Automotive Adhesive and Sealants Market

The growing trend of lean manufacturing of automotive with the knack of designing and manufacturing lighter weight vehicles have required the designers and engineers to find out new prospective ways and materials to solve the challenges in designing in the auto-manufacturing industry. In today's date, a worn, damaged or a broken component is not necessarily required to be replaced. There is a wide variety of automotive adhesives and sealants that allows us to obtain satisfactory hassle free repairs, also thereby saving the cost of buying a new component all together.

While plastics, wood, rubber, glass and metals can be repaired using adhesives, sealants are particularly used to waterproof weather seals around windows and metal casing cracks are mostly sealed with specialized putty adhesive.

The global automotive adhesives and sealants market is generally classified on the basis of their technology of manufacture and is broadly segmented into the categories of adhesives and sealants. The adhesives segment is further subdivided into water borne, solvent borne, reactive, hot melt adhesives and etc. which are then further sub classified into structural and non-structural adhesives and into epoxy, polyurethane, silicone, acrylic and etc. on the basis of their resin type

Market Dynamics:

The global market for automotive adhesives and sealants are likely to experience a steady growth in the forecasted period due to the enhanced reinforcement of legal regulations to improve efficiency and reduction of carbon emissions, which in turn is leading to an ever increasing demand of light weight bonding materials in vehicles in place of conventional metal fasteners. The increased usage of plastics has thereby in turn led to reduction in weights of the manufactured vehicles.

In addition to this, environment friendly bio based water soluble adhesives and sealants which comprises of biodegradable natural ingredients such as resin, starch and dextrin adhesives are continuously gaining popularity in the market. Such adhesives provide operational efficiency along with ensuring sustainable development for the automobile manufacturers. They enhance freshness of product, increase the convenience and aesthetics while decreasing consumption of energy and also production expenses.

Weight reduction of vehicles along with miniaturization are the two key factors that is influencing the technology trends in the market of automotive adhesives and sealants. Organisations are introducing products with combined properties. Sealants, which were conventionally silicone or acrylic based are now being manufactured with renewable feedstock and innovative technologies to enhance product properties. They are also migrating towards usage of eco-friendly water based adhesives with lower VOC emissions and hybrid sealants are being utilized for sealing and glazing applications in the construction sector. New opportunities for manufacturers to produce environment friendly and fast curing adhesives is likely to enhance the industry growth.

Market Segments:

The automotive adhesive tape market can be segmented on the basis of their technology, geographies, application, vehicle type, product type and function type.

Market segmentation in terms of Geographies manufacturing automotive adhesive and sealants:

--> APAC

--> North America

--> Europe

--> Middle East and Africa

Market segmentation in terms of Applications of automotive adhesive and sealants:

--> Internal

--> External

--> Powertrains

--> Electronics

--> Others

Market segmentation in terms of Product Type of automotive adhesive and sealants:

--> Epoxy

--> Acrylic

--> Styrene Block

--> PVA

--> Polyurethane

--> EVA

--> Others

Market segmentation in terms of Vehicle typesfor usage ofautomotive adhesive and sealants:

--> Passenger cars

--> Light commercial vehicles(LCV)

--> Heavy and Medium Duty Commercial Vehicles(H/MCV)

Market segmentation in terms of Function type ofautomotive adhesive and sealants:

--> Sealing/Protection

--> Bonding

--> Noise, Vibration & Harshness (NVH)

Market segmentation in terms of Technology ofautomotive adhesive and sealants:

--> Solvent Borne

--> Water Borne

--> Hot melt

--> Reactive

--> Others

Geographical Analysis:

APAC will keep on dominating the market amid the forecasted time frame and is foreseen to capture over 47% of the market share during this period. A significant part of the growth of the market can be accounted to China and India which are relied upon to be the quickest developing markets for automotive OEM coatings.

Innovative incentives, tax subsidies and liberal government are major reasons why investors are increasing the investments in global automotive adhesive and sealants market in this region. Greater China is anticipated to remain the industry's high growth region in the forecasted period, owing to a splurge in automobile production levels and favourable labour conditions such as low labour costs, high population and geographical proximity to emerging markets.

Key Players:

Some key players in the global automotive adhesive tapes market can be listed down as below:

3M, Sika AG, Jowat AG, Cytec Industries. Inc, Dow Chemical Company, Pidilite Industries Ltd., Royal Adhesives and Sealants, Arkema Group, Henkel AG & Co. KGaA, PPG Industries, Huntsman Corp, Avery Dennison Corp, H.B Fuller

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage