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Automotive Adhesives & Sealants Market Share

Report ID: GMI11005
Published Date: Aug 2024
Report Format: PDF

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Automotive Adhesives & Sealants Market Share

Automotive Adhesives & Sealants Market Company Share, (2023)

The competitive landscape of the automotive adhesives and sealants market is characterized by the presence of several prominent players, each contributing to a diverse range of innovative solutions. Major companies like 3M, BASF SE, and Henkel AG & Co. are leading the market with their extensive product portfolios and strong R&D capabilities. These companies leverage their global presence and technological expertise to offer high-performance adhesives and sealants that meet the evolving needs of the automotive industry. Their focus on developing advanced materials that enhance vehicle safety, performance, and sustainability plays a crucial role in maintaining their competitive edge.

Additionally, firms such as Evonik Industries AG, H.B. Fuller Company, and Jowat SE are also significant players, providing specialized solutions tailored to various automotive applications. Companies like Hernon Manufacturing Inc. and Permabond LLC bring niche expertise in high-performance and custom adhesive solutions, catering to specific market requirements. PPG Industries, Inc., along with Huntsman International LLC, contributes to the market with their innovative technologies and strong manufacturing capabilities. The competition among these key players drives continuous advancements and helps meet the increasing demand for sophisticated adhesives and sealants in the automotive sector.

Automotive Adhesives & Sealants Market Companies

Major players operating in the industry include:

3M
BASF SE
Evonik Industries AG and Delo
H.B. Fuller Company
Henkel AG & Co.
Hernon Manufacturing Inc.
Jowat SE
KGaA, Huntsman International LLC
Permabond LLC
PPG Industries, Inc.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size for automotive adhesives & sealants was valued at around USD 8 billion in 2023 and is anticipated to register a CAGR of over 5% between 2024 and 2032, driven by the growing demand for lightweight and fuel-efficient vehicles, which necessitates the use of advanced bonding solutions.

Polyurethane segment is expected to reach USD 4.6 billion by 2032, due to its superior flexibility, durability, and resistance to environmental factors such as moisture and temperature fluctuations.

Asia Pacific market is expected to reach USD 4.5 billion by 2032, due to its rapidly expanding automotive sector, driven by increased vehicle production and demand in emerging economies.

3M, BASF SE, Evonik Industries AG and Delo, H.B. Fuller Company, Henkel AG & Co., Hernon Manufacturing Inc., Jowat SE, Huntsman International LLC, Permabond LLC, and PPG Industries, Inc.