A sealant is a viscous material which penetrates by capillary action into a substrate where it is applied and provides a barrier to air, dust, liquids and others, from passing from one substrate to another. Sealants are corrosion resistant, insoluble in most media and have adhesion. The adhesion of sealants is slightly lower compared to adhesives. Sealants lie between high strength adhesives and low strength caulks and putties. However, they have higher elongation compared to adhesives. There are numerous types of sealants which are used across various industries such as building & construction, automobiles, rubber industry and marine applications among others.
 
A sealant fills gaps and voids, forms a physical barrier through adhesion and maintains sealing properties between two substrates. The growing automotive market is a key driver for the growth of sealants market. Sealants find numerous uses inside an automobile- they are used to fix the acoustic insulation parts in car doors, insulation matting, cladding of door panels, fixing the car upholstery and have several other uses in automobiles. They are used in places requiring moderate adhesion but high elongation. Sealants are formulated with elastomers which give them the required flexibility; they are also used to enhance the dielectric strength. However release of volatile organic compounds (VOC) and hazardous air pollutant emissions from automotive assembly is a major environmental concern surrounding sealants. The usage of water based sealants is expected to open new areas of opportunity for the market of automotive sealants in the coming years. 
 
The market of sealants in the U.S and U.K is growing at a slow pace owing to the economic downturn and slow recovery from it. The market of sealants is growing exponentially in China and the Indian subcontinent due to the growing automobile manufacturing market in these countries. 
 
Brazil is expected to be the new and upcoming automobile manufacturing hub. There is tremendous growth potential of sealants in Brazil in the coming years. The growth of the market is also attributable to technological advances such as additives which add special properties to sealants.
 
Polyurethane, butyl sealants and silicones are the common types of sealants used in automobile industry. Polyurethane sealants provide strong bonding and excellent stress recovery to retain shape after being pulled or bent. They offer fast curing rates and adherence to non primed surfaces. They aid in maintaining the aesthetics of the automobile by allowing the application of paints and coatings. The polyurethane sealants protect the surfaces against impacts, shocks, abrasion and aging. Many additives are combined with sealants to add special properties such as flame retardant and insulation properties, for instance, Henkel produces sealants with special properties for different uses. Its Loctite brand provides high performance protection to chassis, automotive powertrain, interior and exteriors. Its Teroson brand includes PVC and non - PVC plastisols which are corrosion resistant and protect against element intrusion. Its other brands can be used on pre - painted or oily metal surfaces. 
 
The market of automotive sealants is fragmented across the globe. There are numerous small, medium and large players in this market, which serve many markets and produce numerous sealant variants. There is a worldwide trend of concentration of this market through mergers and acquisition route. This market is expected to grow rapidly with improvement in technology and advances in material sciences. Some of the major players in this market include Dow Chemical Co, Henkel, Krayden Inc, 3M, Kommerling, Sika Group and Permatex among others.
 
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
Reasons for Buying this Report
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments .

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Sealants Market

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