Automotive Sealants Market Report By Regional Analysis & Growth Forecast 2019-2025
Category: #business  By Partha Ray  Date: 2019-08-13
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Automotive Sealants Market Report By Regional Analysis & Growth Forecast 2019-2025

Automotive Sealants Market Analysis 2019-2025 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The report also outlines the competitive framework of the industry detailing the SWOT analysis and market share dominance of the prominent players.

Asia Pacific will account for a significant share in the automotive sealants market. This can be credited to the increasing vehicle production across the region. Moreover, the presence of major automobile manufacturers including Suzuki, Toyota, Honda, and Hyundai among others offering a wide portfolio of vehicles catering to diversified customers further expands the business demand.

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Automotive Sealants Market is set to witness high CAGR to 2025 led by rising vehicle production along with increasing usage of sealants offering a barrier to air, dust, and liquids from transferring from one substrate to other. The superior mechanical and chemical properties offered by sealants including adhesion, corrosion resistance along with insolubility in most solvents are further expected to boost the industry share over the study timeframe.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  1. H.B. Fuller Company
  2. PPG Industries
  3. DowDuPont Inc.,
  4. 3M Company
  5. Henkel AG & Co.,
  6. EFTEC AG.

Based on vehicle, the automotive sealants market share can be classified into PCV, LCV, and HCV. The PCV will account for a significant share owing to the rising vehicle production globally. Additionally, improvements in sealants including water-proof capabilities, UV resistance, and chemical stability further expands the segment share. Increasing investments by automobile manufactures to upgrade vehicle manufacturing technologies along with adoption of technologically advanced materials for vehicle production are expected to further boost the revenue generation.

Based on application, the automotive sealants market share is segmented into interior, exterior, and others. The interior segment will account for a significant share owing to the requirement for appropriate adhesion and boding for multiple vehicle interior components. Additionally, the proliferation of a diversified range of electronics and interior trims along with expanding customization alternatives to the consumers further supports the industry share.

Based on material, the automotive sealants market share can be categorized into epoxy, acrylic, rubber, silicones, polyurethane, and others. The silicones will account for a significant share owing to the benefits offered by the material including superior adhesion and bonding. The material is also ideal for inducing enhanced NHV properties in vehicles. The higher temperature resistance along with superior design flexibility further expands the segment share over the study timeframe.

The automotive sealants market share based on distribution channel can be segmented into OEM and aftermarket. The rising cases of automobile accidents across the globe are boosting the aftermarket growth over the projected timeframe. Additionally, the requirement for replacements and refurbishments of sealants after a certain driving age owing to wear and tear further expands the segment size.

Major manufacturers across the region are also focusing on expanding their production and manufacturing facilities for increasing their vehicle production and increasing their market share. For instance, in October 2018, Maruti Suzuki announced its plans to setup a manufacturing and production plant in Gujarat with an estimated project cost of around USD 1.3 billion.

Major key players include in the automotive sealants market are H.B. Fuller Company, PPG Industries, DowDuPont Inc., 3M Company, Henkel AG & Co., and EFTEC AG. Industry participants are adopting multiple strategies including strategic acquisitions and joint ventures for expanding their market share. For instance, in 2016, Henkel AG in collaboration with Anand Group announced the construction of its adhesive and sealant manufacturing plant in India.

Methodology used in this report:  -

our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Automotive Sealants Market Definition and scope of research
  • MAutomotive Sealants Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

Market Insight Coverage|

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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