North America Automotive Adhesives & Sealants Market Size
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 1.27 Billion |
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Market Size (2028) | USD 1.58 Billion |
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Largest Share by Resin | Polyurethane |
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CAGR (2024 - 2028) | 5.51 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Automotive Adhesives & Sealants Market Analysis
The North America Automotive Adhesives & Sealants Market size is estimated at 1.27 billion USD in 2024, and is expected to reach 1.58 billion USD by 2028, growing at a CAGR of 5.51% during the forecast period (2024-2028).
1.27 Billion
Market Size in 2024 (USD)
1.58 Billion
Market Size in 2028 (USD)
0.67 %
CAGR (2017-2023)
5.51 %
CAGR (2024-2028)
Largest Market by Technology
39.15 %
value share, Reactive, 2023
In North America, reactive technology has registered the highest market share due to its wide applications for assembling, repairing, thread-locking, and others in the automotive industry.
Largest Market by Resin
26.39 %
value share, Polyurethane, 2023
Polyurethane resins have the largest share owing to their wide applications as adhesives and sealants in the automotive industry, specifically for both interior and exterior applications.
Largest Market by Country
66.69 %
value share, United States, 2023
The United States has dominated the market, owing to the huge manufacturing operations along with the demand for electric vehicles in the country.
Fastest Growing Market by Country
8.90 %
Projected CAGR, Mexico, 2024-2028
With the increasing manufacturing and assembly operations, along with the rising demand for automotive exports from the country. Mexico is forecasted to be the fastest-growing country in the coming years.
Leading Market Player
30.04 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the leading automotive adhesives and sealants producer in the region, delivering high-performance solutions to meet the changing demand of the automotive industry.
Adoption of sustainability in the automotive industry to create upswings for the market growth
- In the North American automotive adhesives and sealants market, polyurethane resins cover the largest share. The usage of polyurethane adhesive in North America is higher than other resins. The main reason behind this factor is that the region includes production facilities to a large extent. From 2017 to 2019, the consumption growth rate reduced steadily and recorded about -3%, and this is due to the reduction in automotive production. After the pandemic, consumption leads to a growth of 3%. Polyurethane adhesives are registering a CAGR of 3.1% between 2022 to 2028.
- On the other hand, epoxy and acrylic adhesives also show their great presence in the automotive adhesives market. However, for epoxy, the upcoming year could be a great challenge as the raw materials used to produce epoxy adhesives are hazardous in nature and, thus, are getting regulated by the US government. Epoxy adhesive is the second largest consumed material, with a CAGR of about 3.14% from 2022 to 2028. Epoxy adhesives are followed by acrylic adhesives, which register a CAGR of about 3.01% between 2022 to 2028.
- Adhesives, such as cyanoacrylate and silicone sealants, are on a booming trend. The adoption of sustainability in the automotive industry is getting increased widely, and EV production is increasing to a large extent. Owing to this, the usage of these adhesives for electronic component assembly is increasing, which, as a result, may lead to increased demand in the coming years. Cyanoacrylate and silicone adhesives recorded a CAGR of above 2.5% in terms of volume during the forecast period (2022-2028).
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Growing trend of 'bonding instead of welding' to significantly contribute to the demand for automotive adhesives
- The North American automotive adhesives and sealants market is dominated by the United States due to the huge automotive production capacity of the country. The United States ranks 2nd globally in automotive production, with 9.17 million produced in 2021, whereas Mexico produced 3.1 million units and Canada produced 1.1 million units.
- The growing trend of 'bonding instead of welding' has significantly contributed to the demand generated for automotive adhesives and sealants in the region. As automakers are always innovating to make vehicles lighter to save fuel and reduce CO2 emissions, usage of adhesives for plastic roofs, bumpers, or crash-relevant parts - bonded joints became an effective alternative to traditional joining procedures, such as screws, rivets, or welding.
- Polyurethane-based adhesives and sealants are most commonly used in the automotive industry in the North American region occupying a share of 26.3% in 2021 due to their flexibility, like wide operating temperature range, heat cured and moisture cured, and paintability. Epoxy adhesives and sealants are the second most commonly used among other resin types, with a share of 21.5% in 2021 because of the stronger metal-to-metal bonding property.
- In 2028, the share of acrylic adhesives in the North American region is expected to grow up to 20% from 16% in 2021 due to their ability to bind to plastic and composite materials to lighten the weight of vehicles and applicability in battery assembly operations.
North America Automotive Adhesives & Sealants Market Trends
Government initiatives for electric vehicles to support the automotive production
- North American automotive is one of the prominent sectors which helps to generate above 3% of its economy. Among all the 3 countries, the United States is the largest automotive producer, covering more than 65% of shares, followed by Mexico with 23% of shares and Canada with 8% of shares.
- Vehicle sales in the region have majorly declined its overall production, owing to which the utilization of adhesives is impacted. In 2017-18 and 2018-19, the variation change has been recorded from -0.2% to -3.7%. Moreover, in 2019-20, due to the COVID-19 pandemic, regional production has been largely impacted. The shutdown of manufacturing facilities and the shortage of vehicle components due to disruption in the supply chain tend to constrain the production level. In terms of variation, the region has recorded about a 20% decline. However, in 2021, the demand for automotive is rising, which, on the other hand, may increase the utilization of adhesives across the region.
- The EV market in North America is another opportunity for adhesives to grow. The rising production and adoption of EVs and Hybrid vehicles tend to raise the usage of adhesives for electronic component assembly in the vehicles. The United States is one of the largest producers of EVs globally as well as across the region. The federal government's goal in the United States is for EVs to account for 50% of new passenger vehicles and light truck sales by 2030. Simultaneously, a number of particular states have announced more aggressive targets. These factors tend to increase the demand for adhesives and will result in better growth in the forecast period.
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North America Automotive Adhesives & Sealants Industry Overview
The North America Automotive Adhesives & Sealants Market is fairly consolidated, with the top five companies occupying 66.62%. The major players in this market are 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC and Sika AG (sorted alphabetically).
North America Automotive Adhesives & Sealants Market Leaders
3M
H.B. Fuller Company
Henkel AG & Co. KGaA
Huntsman International LLC
Sika AG
Other important companies include Arkema Group, AVERY DENNISON CORPORATION, Dow, DuPont, Illinois Tool Works Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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North America Automotive Adhesives & Sealants Market News
- April 2022: ITW Performance Polymers launched Plexus MA8105 as its newest adhesive with fast room-temperature curing, excellent mechanical properties, and a broad range of adhesion.
- February 2022: Arkema Group completed the acquisition of Ashland's Performance Adhesives business. Ashland is a world leader in high-performance adhesives in the United States.
- January 2022: DuPont Interconnect Solutions, a business within the Electronics & Industrial segment, announced the completion of the expansion project at its Circleville, Ohio, manufacturing site. This completion is expected to expand the production of Kapton® polyimide film and Pyralux® flexible circuit materials to meet the growing global demand in the automotive, consumer electronics, telecom, specialized industrial, and defense industries.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
North America Automotive Adhesives & Sealants Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End User Trends
- 4.1.1 Automotive
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4.2 Regulatory Framework
- 4.2.1 Canada
- 4.2.2 Mexico
- 4.2.3 United States
- 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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5.1 Resin
- 5.1.1 Acrylic
- 5.1.2 Cyanoacrylate
- 5.1.3 Epoxy
- 5.1.4 Polyurethane
- 5.1.5 Silicone
- 5.1.6 VAE/EVA
- 5.1.7 Other Resins
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5.2 Technology
- 5.2.1 Hot Melt
- 5.2.2 Reactive
- 5.2.3 Sealants
- 5.2.4 Solvent-borne
- 5.2.5 UV Cured Adhesives
- 5.2.6 Water-borne
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5.3 Country
- 5.3.1 Canada
- 5.3.2 Mexico
- 5.3.3 United States
- 5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 AVERY DENNISON CORPORATION
- 6.4.4 Dow
- 6.4.5 DuPont
- 6.4.6 H.B. Fuller Company
- 6.4.7 Henkel AG & Co. KGaA
- 6.4.8 Huntsman International LLC
- 6.4.9 Illinois Tool Works Inc.
- 6.4.10 Sika AG
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
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8.1 Global Adhesives and Sealants Industry Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Drivers, Restraints, and Opportunities
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, NORTH AMERICA, 2017-2028
- Figure 2:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 3:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 4:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY RESIN, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 5:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY RESIN, USD, NORTH AMERICA, 2017 - 2028
- Figure 6:
- VOLUME SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY RESIN, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 7:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY RESIN, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 8:
- VOLUME OF AUTOMOTIVE ACRYLIC ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 9:
- VALUE OF AUTOMOTIVE ACRYLIC ADHESIVES AND SEALANTS CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 10:
- VALUE SHARE OF AUTOMOTIVE ACRYLIC ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, NORTH AMERICA, 2021 VS 2028
- Figure 11:
- VOLUME OF AUTOMOTIVE CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 12:
- VALUE OF AUTOMOTIVE CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 13:
- VALUE SHARE OF AUTOMOTIVE CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, NORTH AMERICA, 2021 VS 2028
- Figure 14:
- VOLUME OF AUTOMOTIVE EPOXY ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 15:
- VALUE OF AUTOMOTIVE EPOXY ADHESIVES AND SEALANTS CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 16:
- VALUE SHARE OF AUTOMOTIVE EPOXY ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, NORTH AMERICA, 2021 VS 2028
- Figure 17:
- VOLUME OF AUTOMOTIVE POLYURETHANE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 18:
- VALUE OF AUTOMOTIVE POLYURETHANE ADHESIVES AND SEALANTS CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 19:
- VALUE SHARE OF AUTOMOTIVE POLYURETHANE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, NORTH AMERICA, 2021 VS 2028
- Figure 20:
- VOLUME OF AUTOMOTIVE SILICONE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 21:
- VALUE OF AUTOMOTIVE SILICONE ADHESIVES AND SEALANTS CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 22:
- VALUE SHARE OF AUTOMOTIVE SILICONE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, NORTH AMERICA, 2021 VS 2028
- Figure 23:
- VOLUME OF AUTOMOTIVE VAE/EVA ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 24:
- VALUE OF AUTOMOTIVE VAE/EVA ADHESIVES AND SEALANTS CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 25:
- VALUE SHARE OF AUTOMOTIVE VAE/EVA ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, NORTH AMERICA, 2021 VS 2028
- Figure 26:
- VOLUME OF AUTOMOTIVE OTHER RESINS ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 27:
- VALUE OF AUTOMOTIVE OTHER RESINS ADHESIVES AND SEALANTS CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 28:
- VALUE SHARE OF AUTOMOTIVE OTHER RESINS ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, NORTH AMERICA, 2021 VS 2028
- Figure 29:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 30:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, USD, NORTH AMERICA, 2017 - 2028
- Figure 31:
- VOLUME SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 32:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 33:
- VOLUME OF AUTOMOTIVE HOT MELT ADHESIVES CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 34:
- VALUE OF AUTOMOTIVE HOT MELT ADHESIVES CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 35:
- VALUE SHARE OF AUTOMOTIVE HOT MELT ADHESIVES CONSUMED BY RESIN, %, NORTH AMERICA, 2021 VS 2028
- Figure 36:
- VOLUME OF AUTOMOTIVE REACTIVE ADHESIVES CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 37:
- VALUE OF AUTOMOTIVE REACTIVE ADHESIVES CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 38:
- VALUE SHARE OF AUTOMOTIVE REACTIVE ADHESIVES CONSUMED BY RESIN, %, NORTH AMERICA, 2021 VS 2028
- Figure 39:
- VOLUME OF AUTOMOTIVE SEALANTS CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 40:
- VALUE OF AUTOMOTIVE SEALANTS CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 41:
- VALUE SHARE OF AUTOMOTIVE SEALANTS CONSUMED BY RESIN, %, NORTH AMERICA, 2021 VS 2028
- Figure 42:
- VOLUME OF AUTOMOTIVE SOLVENT-BORNE ADHESIVES CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 43:
- VALUE OF AUTOMOTIVE SOLVENT-BORNE ADHESIVES CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 44:
- VALUE SHARE OF AUTOMOTIVE SOLVENT-BORNE ADHESIVES CONSUMED BY RESIN, %, NORTH AMERICA, 2021 VS 2028
- Figure 45:
- VOLUME OF AUTOMOTIVE UV CURED ADHESIVES ADHESIVES CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 46:
- VALUE OF AUTOMOTIVE UV CURED ADHESIVES ADHESIVES CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 47:
- VALUE SHARE OF AUTOMOTIVE UV CURED ADHESIVES ADHESIVES CONSUMED BY RESIN, %, NORTH AMERICA, 2021 VS 2028
- Figure 48:
- VOLUME OF AUTOMOTIVE WATER-BORNE ADHESIVES CONSUMED, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 49:
- VALUE OF AUTOMOTIVE WATER-BORNE ADHESIVES CONSUMED, USD, NORTH AMERICA, 2017 - 2028
- Figure 50:
- VALUE SHARE OF AUTOMOTIVE WATER-BORNE ADHESIVES CONSUMED BY RESIN, %, NORTH AMERICA, 2021 VS 2028
- Figure 51:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 52:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2028
- Figure 53:
- VOLUME SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 54:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 55:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, CANADA, 2017 - 2028
- Figure 56:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, CANADA, 2017 - 2028
- Figure 57:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES CONSUMED BY TECHNOLOGY, %, CANADA, 2021 VS 2028
- Figure 58:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 59:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 60:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES CONSUMED BY TECHNOLOGY, %, MEXICO, 2021 VS 2028
- Figure 61:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 62:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 63:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES CONSUMED BY TECHNOLOGY, %, UNITED STATES, 2021 VS 2028
- Figure 64:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, REST OF NORTH AMERICA, 2017 - 2028
- Figure 65:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, REST OF NORTH AMERICA, 2017 - 2028
- Figure 66:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES CONSUMED BY TECHNOLOGY, %, REST OF NORTH AMERICA, 2021 VS 2028
- Figure 67:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, NORTH AMERICA, 2019 - 2021
- Figure 68:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2019 - 2021
- Figure 69:
- REVENUE SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS BY MAJOR PLAYERS, %, NORTH AMERICA, 2021
North America 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. Canada, Mexico, United States are covered as segments by Country.
- In the North American automotive adhesives and sealants market, polyurethane resins cover the largest share. The usage of polyurethane adhesive in North America is higher than other resins. The main reason behind this factor is that the region includes production facilities to a large extent. From 2017 to 2019, the consumption growth rate reduced steadily and recorded about -3%, and this is due to the reduction in automotive production. After the pandemic, consumption leads to a growth of 3%. Polyurethane adhesives are registering a CAGR of 3.1% between 2022 to 2028.
- On the other hand, epoxy and acrylic adhesives also show their great presence in the automotive adhesives market. However, for epoxy, the upcoming year could be a great challenge as the raw materials used to produce epoxy adhesives are hazardous in nature and, thus, are getting regulated by the US government. Epoxy adhesive is the second largest consumed material, with a CAGR of about 3.14% from 2022 to 2028. Epoxy adhesives are followed by acrylic adhesives, which register a CAGR of about 3.01% between 2022 to 2028.
- Adhesives, such as cyanoacrylate and silicone sealants, are on a booming trend. The adoption of sustainability in the automotive industry is getting increased widely, and EV production is increasing to a large extent. Owing to this, the usage of these adhesives for electronic component assembly is increasing, which, as a result, may lead to increased demand in the coming years. Cyanoacrylate and silicone adhesives recorded a CAGR of above 2.5% in terms of volume during the forecast period (2022-2028).
| Resin | Acrylic |
| Cyanoacrylate | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| VAE/EVA | |
| Other Resins | |
| Technology | Hot Melt |
| Reactive | |
| Sealants | |
| Solvent-borne | |
| UV Cured Adhesives | |
| Water-borne | |
| Country | Canada |
| Mexico | |
| United States | |
| Rest of North America |
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Market Definition
- End-user Industry - In the automotive industry, both the OEM and after market adhesive and sealants applications are considered under the scope.
- Product - All adhesive and sealant products used in automotive industry are considered in the market studied
- Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Cyanoacrylate, VAE/EVA, and Silicone are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, UV Cured Adhesives, and Sealants technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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