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Automotive Adhesives and Sealants Market 2018 Trends and Competitive Landscape Outlook -2021

Growing concerns regarding fuel consumption and greenhouse gas (GHG) emissions are expected to boost the demand in commercial as well as passenger vehicles. The Global Automotive Adhesives & Sealants Market is expected to reach USD 3.89 billion by 2021, according to a new report by Grand View Research, Inc.


A 10% reduction in the weight of an automobile results in approximately 5% to 7% fuel saving. In addition, the reduced weight also aids in controlling the emission of CO2 throughout the life cycle of the vehicle. Auto manufacturers are focusing mainly on auto components that are manufactured from various types of thermoplastic elastomers in order to enhance the performance of automobiles and follow the trend of lightweight vehicles.

Manufacturers are facing problems in sourcing petroleum-based tackifiers due to the advent of shale gas, which has resulted in supply uncertainty of raw materials across the globe owing to a shift in feedstock from naphtha to natural gas. Stringent government regulations for the usage of bio-based adhesives are further expected to positively influence the industry growth.

To Know More About Automotive Adhesives and Sealants Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/automotive-adhesives-sealants-market

Silicone sealants occupied the largest share with over 32% of the volume in 2016. Silicone-based materials also withstand structural movement, offer protective qualities and may be utilized in extreme temperatures & weather conditions. These factors, along with the introduction of new modified silicones and novel applications being developed for automobiles, are expected to drive growth in this segment over the forecast period.

Top Players of Automotive Adhesives and Sealants Market:

Key participants include Bostik, BASF, Evonik Industries, AkzoNobel, Henkel, 3M Inc., Avery Dennison, DSM, Franklin Adhesives & Sealants, H.B. Fuller Co. and others.

Market Segmentation of Automotive Adhesives and Sealants Market:

The Global Automotive Adhesives & Sealants Market segmented on the basis of Technology, Product, Application, Function, Vehicle Type and Region.

By Technology:

    Water-based
    Solvent-based
    Hot melt
    Reactive

By Adhesives Function:

    Bonding
    Noise, Vibration & Harshness (NVH)
    Sealing/Protection

By Product:

    Acrylic
    PVA
    Polyurethane
    Styrenic Block
    Epoxy
    EVA

By Application:

    Exterior
    Interior
    Electronics
    Powertrain
    Body-in-white

By Adhesives Vehicle Type:

    Passenger Cars
    Light Commercial Vehicles (LCV)
    Heavy & Medium Duty Commercial Vehicles (H/MCV)

By Sealants Function:

    Bonding
    Noise, Vibration & Harshness (NVH)
    Sealing/Protection

Inquire about Automotive Adhesives and Sealants Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4596
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