The global automotive adhesives & sealants market is estimated to reach USD 7.01 billion by 2026 growing at a CAGR of 6.9% during the forecast period, according to a new study published by Polaris Market Research. The report ?Automotive Adhesive & Sealants Market Share, Size, Trends, & Industry Analysis Report, By Resin Type (Epoxy, Acrylics, Polyurethanes, Rubber, Polyvinylchloride, Silicones); By Technology (Hot Melt, Pressure Sensitive); By Vehicle Type; By Sales Channel; By Regions]: Segment Forecast, 2019 - 2026' provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the passenger vehicles segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2018.



The increase in the demand for light weight passenger vehicles, and growth in global automotive industry majorly drives the market growth. The increasing need to enhance vehicle performance and reduce noise and vibration of vehicles along with increasing modernization of vehicles supports the market growth. The growing demand for vehicles from emerging economies further increases the application of automotive adhesive. The rising penetration of electric and hybrid vehicles, growing adoption of sustainable adhesives, and introduction of government regulations accelerate the market growth. New emerging markets, increasing adoption of bio-based adhesives, and technological advancements would provide growth opportunities in the Automotive Adhesive & Sealants Industry in the coming years.



Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below:
https://www.polarismarketresearch.com/industry-analysis/automotive-adhesive-sealants-market



Asia-Pacific generated the highest market share in the global Automotive Adhesive & Sealants Industry during 2018. The growing urbanization, and rising population has accelerated the market growth in the region. The introduction of vehicular regulations and growing penetration of electric and hybrid vehicles increase the adoption of automotive adhesive in the region. The strong growth in the automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region.



The economic growth in countries such as China, Japan, and India, rising living standards, and growing disposable income further increase the demand of automobiles in Asia-Pacific. Expansion of global players into these countries to tap market potential boosts the growth of the Automotive Adhesive & Sealants Market. Technological advancements and established R&D institutes in China and Japan further supports the market growth.



The well-known companies profiled in the report include The DOW Chemical Company, Henkel & Co. KGaA, 3M Company, Solvay S.A., Sika AG, Franklin Adhesives and Polymers, BASF SE, Evonik Industries AG, Illinois Tool Works Corporation, and Bostik S.A. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.



Polaris Market Research has segmented the global Automotive Adhesive & Sealants market on the basis of source, functionality, application, distribution channel and region:


Automotive Adhesive Resin Type Outlook (Revenue, USD Billion, 2015 - 2026)

Epoxy
Acrylics
Polyurethanes
Rubber
Polyvinylchloride
Silicones
Others

Automotive Adhesive Vehicle Type Outlook (Revenue, USD Billion, 2015 - 2026)

Passenger Vehicles
Commercial Vehicles

Automotive Adhesive Application Outlook (Revenue, USD Billion, 2015 - 2026)

Assembly
Body in White
Paint Shop
Powertrain
Others

Automotive Adhesive Technology Outlook (Revenue, USD Billion, 2015 - 2026)

Hot Melt
Pressure Sensitive
Solvent Based
Water Based
Others

Automotive Adhesive Sales Channel Outlook (Revenue, USD Billion, 2015 - 2026)

OEM
Aftermarket

Automotive Adhesive Regional Outlook (Revenue, USD Billion, 2015 - 2026)

North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Belgium
Russia
Netherlands
Rest of Europe
Asia-Pacific
China
India
Japan
Korea
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA