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Automotive Adhesives & Sealants Market Size

The automotive adhesives and sealants market is projected to experience significant growth, driven by the increasing demand for lightweight vehicles and the adoption of advanced materials in automotive manufacturing. This growth is influenced by the need for efficient bonding solutions that replace traditional joining methods, contributing to enhanced fuel efficiency and reduced emissions. The market's expansion is further supported by regulatory measures aimed at lowering greenhouse gas emissions, which are expected to boost the demand for electric vehicles and, consequently, automotive adhesives and sealants. The Asia-Pacific region leads in vehicle production, while North America and Europe also show substantial demand due to their automotive manufacturing capacities and regulatory frameworks.

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Market Size of automotive adhesives & sealants Industry

Automotive Adhesives & Sealants Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 7.80 Billion
svg icon Market Size (2028) USD 9.96 Billion
svg icon Largest Share by Resin Polyurethane
svg icon CAGR (2024 - 2028) 6.30 %
svg icon Largest Share by Region Asia-Pacific

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Automotive Adhesives & Sealants Market Analysis

The Automotive Adhesives & Sealants Market size is estimated at 7.80 billion USD in 2024, and is expected to reach 9.96 billion USD by 2028, growing at a CAGR of 6.30% during the forecast period (2024-2028).

7.80 Billion

Market Size in 2024 (USD)

9.96 Billion

Market Size in 2028 (USD)

2.26 %

CAGR (2017-2023)

6.30 %

CAGR (2024-2028)

Largest Market by Technology

39.59 %

value share, Reactive, 2023

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Globally, reactive technology has registered the highest market share due to its wide-ranging applications in the automotive industry for assembling, repairing, thread-locking, and others.

Largest Market by Resin

27.04 %

value share, Polyurethane, 2023

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Polyurethane resins hold the largest market share owing to their applications as adhesives and sealants in the automotive industry, specifically for interior and exterior applications.

Largest Market by Region

56.14 %

value share, Asia-Pacific, 2023

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Asia-Pacific is the largest regional market, driven mainly by the demand for passenger and commercial vehicles in countries including India, China, South Korea, Indonesia, and Japan.

Fastest Growing Market by Region

6.99 %

Projected CAGR, Asia-Pacific, 2024-2028

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Due to the rising concern toward carbon emission norms and rapidly growing demand for electric vehicles, Asia-Pacific is projected to be the fastest-growing region over the coming years.

Leading Market Player

19.54 %

market share, Henkel AG & Co. KGaA, 2021

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Henkel is the leading automotive adhesives and sealants producer globally, delivering high-performance solutions to meet the changing demand from the automotive industry.

Growing technological advancements in automobiles to augment market demand

  • The number of vehicles in the global automotive market is expected to record a CAGR of 2% annually, which is expected to lead to an increase in the demand for adhesives and sealants required for the automotive industry in the forecast period 2022-2028.
  • The major companies worldwide are working on making vehicles lighter in weight for better fuel efficiency and as cost-cutting measures. To achieve this, automotive companies are using automotive adhesives and sealants to replace bulkier metal frames and joinery components, such as weld joints. These technological developments are expected to increase demand for automotive adhesives and sealants in the forecast period.
  • Polyurethane, epoxy, and acrylic resin-based adhesives and sealants are majorly used in automobiles because of their wide-ranging applicability to different substrates, such as glass, plastic, ceramics, metals, and composites, which are major materials of construction in the industry for the production of automobiles. Adhesives and sealants have also become integral parts of automobile manufacturing with the adoption of these materials.
  • VAE/EVA resin-based automotive sealants and adhesives accounted for nearly 8% of the market value share in 2021 because of their utility as hot melt adhesives in the manufacturing of automobiles for applications, such as seats and interior, automobile electronic components fixation, and in the automotive aftermarket, specifically for seats and interiors. The hot melt adhesives offer good adhesion for leather, fabric, glass, and polymer-based surfaces.
Global Automotive Adhesives & Sealants Market

The growing trend of 'bonding instead of welding' has significantly contributed to the market demand

  • The Asia-Pacific is the largest producer of vehicles in the world, as countries like China, India, and Japan are some of the major vehicle producers across the globe. Vehicle production in the region was expected to grow by 5.9% in 2022 from 47.9 million units in 2021. In 2020, many countries, including China, India, Malaysia, Japan, and Indonesia, were impacted by the COVID-19 pandemic. The consumption of automotive adhesives and sealants declined by nearly 13.3% compared to 2019 due to the shutdown of production facilities, the closing of international borders, and raw material shortages in several countries.
  • The United States dominates the North American automotive adhesives market due to its huge automotive production capacity. The United States ranks second globally in automotive production, with 9.17 million units produced in 2021, whereas Mexico made 3.1 million units and Canada made 1.1 million units.
  • The growing trend of 'bonding instead of welding' has significantly contributed to the region's demand for automotive adhesives and sealants. As automakers are always innovating to make vehicles lighter to improve fuel efficiency and reduce CO2 emissions, usage of adhesives for plastic roofs, bumpers, or crash-relevant parts - bonded joints have become an effective alternative to traditional joining procedures such as screws, rivets, or welding.
  • As part of the European Commission's climate goals to reduce greenhouse house emissions by at least 55% by 2030, The legislation 'Fit for 55' sets targets to reduce CO2 emissions from cars by 55% and vans by 50% by 2030. This regulation is expected to boost the demand for electric vehicles, which, in turn, is expected to increase the demand for automotive adhesives and sealants over the forecast period 2022-2028.

Automotive Adhesives & Sealants Industry Segmentation

Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin. Hot Melt, Reactive, Sealants, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.

  • The number of vehicles in the global automotive market is expected to record a CAGR of 2% annually, which is expected to lead to an increase in the demand for adhesives and sealants required for the automotive industry in the forecast period 2022-2028.
  • The major companies worldwide are working on making vehicles lighter in weight for better fuel efficiency and as cost-cutting measures. To achieve this, automotive companies are using automotive adhesives and sealants to replace bulkier metal frames and joinery components, such as weld joints. These technological developments are expected to increase demand for automotive adhesives and sealants in the forecast period.
  • Polyurethane, epoxy, and acrylic resin-based adhesives and sealants are majorly used in automobiles because of their wide-ranging applicability to different substrates, such as glass, plastic, ceramics, metals, and composites, which are major materials of construction in the industry for the production of automobiles. Adhesives and sealants have also become integral parts of automobile manufacturing with the adoption of these materials.
  • VAE/EVA resin-based automotive sealants and adhesives accounted for nearly 8% of the market value share in 2021 because of their utility as hot melt adhesives in the manufacturing of automobiles for applications, such as seats and interior, automobile electronic components fixation, and in the automotive aftermarket, specifically for seats and interiors. The hot melt adhesives offer good adhesion for leather, fabric, glass, and polymer-based surfaces.
Resin
Acrylic
Cyanoacrylate
Epoxy
Polyurethane
Silicone
VAE/EVA
Other Resins
Technology
Hot Melt
Reactive
Sealants
Solvent-borne
UV Cured Adhesives
Water-borne
Region
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Singapore
South Korea
Thailand
Rest of Asia-Pacific
Europe
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
North America
Canada
Mexico
United States
Rest of North America
South America
Argentina
Brazil
Rest of South America
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Automotive Adhesives & Sealants Market Size Summary

The automotive adhesives and sealants market is poised for significant growth, driven by the increasing demand for lightweight vehicles and the shift towards electric vehicles. As automotive manufacturers strive to enhance fuel efficiency and reduce emissions, the use of adhesives and sealants to replace traditional metal components is becoming more prevalent. This trend is supported by the versatility of polyurethane, epoxy, and acrylic resin-based products, which are compatible with various materials such as glass, plastic, and metals. The market is also witnessing a rise in the adoption of VAE/EVA resin-based adhesives, particularly in applications involving vehicle interiors and electronic components. The Asia-Pacific region, led by countries like China, India, and Japan, remains the largest producer of vehicles, contributing significantly to the demand for these materials. Meanwhile, the North American market, with the United States at the forefront, is experiencing increased demand due to the growing preference for bonding over welding, further boosting the market for automotive adhesives and sealants.

The global automotive industry is expected to grow steadily, albeit at a slower pace, with a notable shift towards shared mobility and electric vehicles. This transition is supported by government policies aimed at reducing carbon emissions, such as the European Commission's 'Fit for 55' legislation, which is anticipated to drive the demand for automotive adhesives and sealants. The market is characterized by fragmentation, with major players like 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC, and Sika AG holding significant shares. Recent strategic moves, such as ITW Performance Polymers' distribution partnership in Poland and Bostik's agreements in Europe, the Middle East, and Africa, highlight the dynamic nature of the market. These developments underscore the critical role of adhesives and sealants in the evolving automotive landscape, as manufacturers continue to innovate in response to regulatory and consumer demands.

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Automotive Adhesives & Sealants Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 Resin

      1. 1.1.1 Acrylic

      2. 1.1.2 Cyanoacrylate

      3. 1.1.3 Epoxy

      4. 1.1.4 Polyurethane

      5. 1.1.5 Silicone

      6. 1.1.6 VAE/EVA

      7. 1.1.7 Other Resins

    2. 1.2 Technology

      1. 1.2.1 Hot Melt

      2. 1.2.2 Reactive

      3. 1.2.3 Sealants

      4. 1.2.4 Solvent-borne

      5. 1.2.5 UV Cured Adhesives

      6. 1.2.6 Water-borne

    3. 1.3 Region

      1. 1.3.1 Asia-Pacific

        1. 1.3.1.1 Australia

        2. 1.3.1.2 China

        3. 1.3.1.3 India

        4. 1.3.1.4 Indonesia

        5. 1.3.1.5 Japan

        6. 1.3.1.6 Malaysia

        7. 1.3.1.7 Singapore

        8. 1.3.1.8 South Korea

        9. 1.3.1.9 Thailand

        10. 1.3.1.10 Rest of Asia-Pacific

      2. 1.3.2 Europe

        1. 1.3.2.1 France

        2. 1.3.2.2 Germany

        3. 1.3.2.3 Italy

        4. 1.3.2.4 Russia

        5. 1.3.2.5 Spain

        6. 1.3.2.6 United Kingdom

        7. 1.3.2.7 Rest of Europe

      3. 1.3.3 Middle East & Africa

        1. 1.3.3.1 Saudi Arabia

        2. 1.3.3.2 South Africa

        3. 1.3.3.3 Rest of Middle East & Africa

      4. 1.3.4 North America

        1. 1.3.4.1 Canada

        2. 1.3.4.2 Mexico

        3. 1.3.4.3 United States

        4. 1.3.4.4 Rest of North America

      5. 1.3.5 South America

        1. 1.3.5.1 Argentina

        2. 1.3.5.2 Brazil

        3. 1.3.5.3 Rest of South America

Automotive Adhesives & Sealants Market Size FAQs

The Global Automotive Adhesives & Sealants Market size is expected to reach USD 7.80 billion in 2024 and grow at a CAGR of 6.30% to reach USD 9.96 billion by 2028.

In 2024, the Global Automotive Adhesives & Sealants Market size is expected to reach USD 7.80 billion.

Automotive Adhesives & Sealants Market Report Snapshots

Automotive Adhesives & Sealants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028