Market Size of automotive adhesives & sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 7.80 Billion |
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Market Size (2028) | USD 9.96 Billion |
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Largest Share by Resin | Polyurethane |
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CAGR (2024 - 2028) | 6.30 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
Understand The Key Trends Shaping This 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.
