Automotive Adhesive and Sealants Market Trends, Competitive Landscape, Top Players 2024

The global automotive adhesives and sealants market is expected to reach USD 13.6 billion by 2024 and is also expected to witness CAGR of 6.1% during the forecast period 2018 – 2024. It has been observed that automobile manufacturers are majorly concentrating upon automotive constituents that are developed from thermoplastic elastomers to upgrade automobiles performance and manufacture vehicles that are lightweight.

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Moreover, increasing demand for high application offerings that work effectively in replacing automated fastenings and attaches rubber, plastic and aluminum products that are gaining traction in the development of new cars, for instance, Mercedes Benz that is rapidly driving the growth of automotive adhesive and sealants market across the globe.

Among all the types, the global epoxy segment of global automotive adhesive and sealants market has been contributing largest revenue of USD 2.2 billion in 2017 and is projected to contribute the largest revenue of USD 3.5 billion by 2024.

Increasing disposable income, mounting economy and improved standards of living of the citizens in countries such as China and India, are the major factors attributed towards the increasing growth of automotive adhesive and sealants market.

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The key companies operating in the global automotive adhesive & sealants market include Henkel AG & Co. KGaA, 3M Company, Dow Chemical Co., Kommerling, PPG Industries, Inc., Permatex, Krayden, Inc., and Sika AG. 

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