Global Automotive Sealants

Global Automotive Sealants

Sealants are chemical compounds engineered to impede the passage of liquids and gases through surfaces, encompassing the containment of dust, sound, and heat within vehicle interiors. According to Tanalyze, the global automotive sealants market is projected to experience a compound annual growth rate (CAGR) of 7.8% (in value terms) during the forecast period, reaching an estimated value of USD 6.67 billion by 2029. Within the automotive sector, sealants play a pivotal role in establishing bonds between multiple substrates, thereby safeguarding against external environmental factors and ensuring the durability of these bonds throughout the vehicle's lifecycle.

The global automotive sealants market is segmented based on raw materials, including SMP, PVC, acrylics, anaerobics, and silicones. Notably, the silicone segment emerged as the dominant force in the global automotive sealants market in 2023 and is projected to maintain a CAGR of 6.2% during the forecast period from 2024 to 2029. Renowned for their ability to provide durable and secure seals, silicones are predominantly employed in under-the-hood (UTH) and powertrain applications, where their primary function is to mitigate fluid leakage from components such as radiators and transmission lines.

Furthermore, the market is segmented across various application segments, including assembly, paint shop, UTH and powertrain, and BIW, with a continued upward trajectory anticipated. For instance, the paint shop segment's market size is expected to reach 333.6 thousand tons by 2029, reflecting a CAGR of 6.0% during the forecast period. Beyond superior sealing, durability, and corrosion resistance, sealants utilized in paint shops must also be paintable to ensure uniformity and enhanced aesthetics.

Geographically, Asia-Pacific has emerged as the dominant player in the global automotive sealants market, closely followed by Europe and North America. The Asia-Pacific region is poised for remarkable growth, with a projected CAGR of 6.5% during the forecast period from 2024 to 2029. In the United States, there is a notable emphasis on worker safety and ease of installation, driving increased utilization of liquid sealants and spray Applied and Sprayed (A&S) products that facilitate expedited and simplified installation processes.

Key vendors shaping competitive dynamics in the market include The Dow Chemical Company, EMS-Chemie Holding AG, Henkel AG & Co. KGaA, 3M Company, Sika AG, LG Chem, Ltd., Elkem ASA, Shin-Etsu Chemical Co., Ltd., among others.

This study aims to analyze the global market for various segments of automotive sealants, including:

Raw Materials: SMP, PVC, Acrylics, Anaerobics, and Silicones.

Application: Assembly, Paint Shop, UTH (Under-The-Hood) and Powertrain, and BIW (Body-In-White).

End-User: Refinish and OEM (Original Equipment Manufacturer).

Region: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA).