It has been observed that automobile manufacturers are majorly concentrating upon automotive constituents that are developed from thermoplastic elastomers to upgrade automobiles performance and manufacture vehicles that are lightweight.

Increasing regulations for fuel by the government agencies, enhanced emphasis upon the utilization of insubstantial constituents and increased prominence upon safety norms and regulations are the major factors that are driving the growth of global automotive adhesive and sealants market.

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Moreover, increasing demand for high application offerings that work effectively in replacing automated fastenings and attaches rubber, plastic and aluminum products that are gaining traction in development of new cars, for instance, Mercedes Benz that is rapidly driving the growth of automotive adhesive and sealants market across the globe.

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Asia-Pacific accounted for the largest share in the global automotive adhesive and sealant market in 2017 and is further expected to become the largest revenue holder in this market by 2024. Extensive production volume and stringent government regulations in the automotive sector in this region has majorly contributed towards the popularity of adhesive and sealants.

The key companies operating in the global automotive adhesive and sealants market include Henkel AG & Co. KGaA, 3M Company, Dow Chemical Co., Kommerling, PPG Industries, Inc., Permatex, Krayden, Inc., and Sika AG.

Source: VynZ Research