Germany Automotive Adhesives and Sealants Market Size and Future Analysis

Germany Automotive Adhesives and Sealants Market Size and Future Analysis

© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

1

The presence of several automobile giants in Germany makes it the largest consumer of automotive adhesives and sealants in Europe. The country is home to some of the world's leading automotive producers, such as Mercedes-Benz, Volkswagen, BMW, Porsche, and Audi. These brands cater to international customers and account for a substantial share of the passenger car sales in Europe. Currently, German carmakers are focusing on electric and lightweight vehicles to cut carbon emissions, which is why the consumption of automotive adhesives and sealants is increasing in the country.

Due to this factor, the German automotive adhesives and sealants market size will reach $1,156.8 million by 2023 from $891.8 million in 2017. According to P&S Intelligence, the market will exhibit a CAGR of 4.5% during the forecast period (2018–2023). These materials are used for bonding and sealing purposes in passenger and commercial vehicles. Both adhesives and sealants are chemically similar but functionally different. The usage of these materials enhances the performance, safety, reliability, and driving comfort of vehicles.

These adhesives and sealants are available in different types, including epoxy, acrylic, polyurethane, rubber, polyvinylchloride (PVC), silicone, and hot melt. Of these, the epoxy category accounted for the largest share in the German automotive adhesives and sealants market in 2017, as these automotive adhesives and sealants offer resistance to shock, chemicals, and impact and higher-strength bonds. With the increasing demand for high-speed vehicles, especially among the youth, it is important that the automobile absorbs enough shock and doesn’t start to disintegrate.

Browse full report at: https://www.psmarketresearch.com/marketanalysis/germany-automotive-adhesives-and-sealants-market Further, the higher durability and flexibility make epoxy-based adhesives and sealants suitable for the production of several automotive components. These materials are used in large quantities during the manufacturing of headlights and signal lights. Additionally, these adhesives are applied during the welding of bumpers in automobiles because of their strong bonding capability, which ultimately strengthens the structural integrity of the vehicles. This makes them suitable for high-speed driving, which has become the trend in the country in recent times, especially since the Autobahn, Germany’s controlled-access highway system, doesn’t have any actual speed restrictions.

Additionally, the application segment of the German automotive adhesives and sealants market is categorized into paint shop, under-the-hood (UTH) and powertrain, assembly, and body in white (BIW). In this segment, the assembly category generated the highest revenue for the market in 2017 due to the largescale consumption of automotive adhesives and sealants for assembling automotive components. Moreover, the application of these high-performance

© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

2

adhesion solutions helps in reducing the overall weight of the vehicles, which is important to comply with the new emission limits.

Because of the increasing environmental degradation and release of volatile organic compounds (VOC), the German government has implemented several regulations to replace conventional adhesives and sealants with environmentfriendly solutions. These eco-friendly variants display high initial adhesion properties and have a limited quantity of VOCs. For instance, water-based acrylic adhesives are an eco-friendly alternative to adhesives with a solvent base. This is why these solutions are being used in a considerable volume during the production of instrument panel dashboards and interior trim parts of vehicles.

Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/germanyautomotive-adhesives-and-sealants-market/report-sample With the presence of a large number of automobile manufacturing units in the country, the demand for automotive adhesives and sealants has surged in recent years. To meet the high-volume demand, companies such as Henkel AG & Co. KGaA, Sika AG, H.B. Fuller Company, DowDuPont Inc., and tesa SE are producing more of such materials than before.

GERMANY AUTOMOTIVE ADHESIVES AND SEALANTS MARKET •

•

By Type o

Epoxy

o

Acrylics

o

Polyurethanes

o

Rubber

o

Polyvinylchloride (PVC)

o

Silicones

o

Hot Melts

By Application o

Body In White (BIW)

o

Under-The-Hood (UTH)

o

Power Train

o

Paint Shop

o

Assembly

© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

3

© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

4

Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications.

All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners.

An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd.

Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

5