According to the latest market report published by Research Nester “Global Automotive High Performance Sealants Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global automotive high performance sealants market in terms of market segmentation by technology, by application, by product and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global automotive high performance sealants market is segmented by technology into water based, solvent based, hot melt, reactive & others; by function into bonding, sealing and NBH; by product into acrylic, PVA, EVA, epoxy, styrenic block, others; by application into exterior, interior, electronics, powertrain, body-in-white, others; by vehicle into passenger cars, light commercial vehicles (LCV), heavy & medium duty commercial vehicles and by regions.
Strict environmental regulations formulated by respective governments in order to limit carbon emissions have driven the demand for lightweight bonding materials in place of conventional heavy metal fasteners. Additionally, innovations in the industry such as the introduction of new silyl modified polymer (SMP) technology is expected to heighten the efficiency and safety standards for automobile manufacturers. Manufacturers are thus increasingly shifting toward water-based sealants, which are environment-friendly and contain a lower amount of VOCs. On the back of these factors, the global automotive high performance sealants market is estimated to record noteworthy CAGR over the forecast period, i.e., 2019-2027.
Regionally, Asia Pacific held the largest market of automotive sealants contributing to more than 40.0% revenue to the market in 2018. China is expected to remain a leader in this region, owing to low labor costs, high population and presence of emerging economies in the country. Furthermore, the expanding automotive sector in India will help APAC to maintain its leading position.
Development Of Fuel Efficient Vehicles
Automobile industry is keen on creating lighter vehicles to maximize the speed, power and efficiency of the vehicle and in order to achieve this, they are using lightweight materials including plastic, composites, and aluminum. These materials are replacing the use of metals in the automotive manufacturing. These lightweight materials can’t be welded or bolted to keep them together. The adhesives and sealants are increasingly used by the manufacturers worldwide in order to keep lightweight material together as they cannot be welded or bolted together.
However, traditional process of welding is a proven process and will be hard to give up. Also, lack of awareness about advantages of using sealants as substitute of welding can hamper the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global automotive high performance sealants market which includes company profiling of Henkel AG & Co. KGaA, DuPont, Sika, PPG Industries Inc., 3M Company, H.B. Fuller Company, Permatex, Bostik, Illinois Tool Works Inc. and EFTEC among other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive high performance sealants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.