Automotive Adhesives and Sealants Market to Surpass $11,643.5 Million Revenue by 2030, says P&S Intelligence

Automotive Adhesives and Sealants Market to Surpass $11,643.5 Million Revenue by 2030, says P&S Intelligence

PR Newswire

NEW YORK, Jan. 10, 2022

NEW YORK, Jan. 10, 2022 /PRNewswire/ -- From $6,414.1 million in 2020, the automotive adhesives and sealants market size will witness a 6.1% CAGR between 2020 and 2030, to reach $11,643.5 million by 2030. according to the market research report published by P&S Intelligence. This will be because of the rise in the stringency of vehicle safety standards in response to the high rate of road crashes. This is propelling the usage of adhesives and sealants on the bonnet, in order to provide integrity to these parts and enhance their ability to withstand head-on collisions.

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Epoxy-based adhesives and sealants have been the most popular among automotive original equipment manufacturers (OEM) till now. This is credited to epoxy products' rigid bonding ability, which improves the structural integrity of vehicles, thus making them stronger and impact resistant. Hence, with the rising demand for automobiles, coupled with the strict vehicle and passenger safety regulations in place, the consumption of epoxy adhesives and sealants continues to grow.

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Key Findings of Automotive Adhesives and Sealants Market Report

Browse detailed report on Automotive Adhesives and Sealants Market Size and Growth Forecast to 2030

Key companies in the automotive adhesives and sealants market are Henkel AG & Co. KGaA, Sika AG, The Dow Chemical Company, PPG Industries Inc., H.B. Fuller Company, 3M Company, Permatex Inc., Illinois Tool Works Inc., Bostik S.A., and EFTEC AG. To dominate the intense competition, they are engaging in mergers and acquisitions and facility expansions.

Market Size Breakdown by Segments

Based on Type

Based on Application

Based on Vehicle

Geographical Analysis

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