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Automotive Adhesives & Sealants Market Trends

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

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Automotive Adhesives & Sealants Market Trends

The automotive adhesives and sealants market is witnessing several notable trends. There is a growing emphasis on eco-friendly and sustainable materials, driven by increasing environmental regulations and consumer demand for green technologies. Advancements in adhesive technologies, such as those offering improved performance under extreme conditions and enhanced bonding capabilities, are becoming more prevalent. The rise of electric and autonomous vehicles is fueling the demand for innovative bonding solutions to support new design requirements. Additionally, the market is seeing increased integration of smart technologies, including sensors and diagnostics, into adhesive and sealant applications for enhanced vehicle functionality and safety.

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.