Rapid adoption of high-performance products drives global automotive adhesives and sealant market toward $12 billion by 2024

摘要

Frost & Sullivan's recent analysis of the Global Automotive Adhesives and Sealants Market reveals that increased adoption of high-performance products such as crash safety adhesives, liquid applied sound deadeners (LASO), advanced high-temperature-resistant silicones, and water-borne acrylics are expected to drive new growth opportunities and revenues. Frost & Sullivan anticipates the global automotive adhesives and sealants market to grow at a CAGR of 4.4% until 2024 and reach $12,209.9 billion. "Rapid adoption of aluminium, magnesium, plastics and composites in the body in white (BIW) and assembly segments— prompted by the growing need to bond dissimilar substrates, increased safety concerns, and OEMs' focus on enhancing aesthetic appearance—boosts the demand for adhesives and sealants", said Dr Leonidas Dokos, Business Unit Leader, Chemicals and Materials, EIA at Frost & Sullivan.