Changes expected in automotive and transport adhesives, sealants and coatings
The world of adhesives, sealants and coatings is changing rapidly, especially in the automotive and transport industry. The change and development are driven by three factors specifically.
1. Rules and regulations for eco-friendly products
Especially in Europe and North America the development of adhesives sealants and coatings is given direction by strict enforcement of environmental mandates. Also developing countries, for example in Asia Pacific, are adapting quickly to these rules and regulations. The product landscape is globally controlled and monitored by various regulatory bodies which encourage system manufacturers formulate their products to be more environmentally friendly. For instance by proactively reducing the products´ volatile organic compound, also known as VOC, emissions, and bringing the use of toxic heavy metals to the minimum.
2. Shift towards lighter materials
The automotive and transport industry is estimated to cover 20% of the revenue derived from adhesives, sealants and coatings. The regulatory shift towards more sustainable solutions has resulted in numerous innovative solutions regarding these products in the industry. The changes in product development are further driven by increased use of lightweight materials (plastics and composite) replacing metals, aim to lower fuel consumption and reduction in pollution.
Especially the reduced use of metals in automotive and transport has resulted in increased demand for adhesive and sealant systems which are to replace the conventional fasteners. This also motivates manufacturers to create coatings which are compatible with the lightweight materials without compromising on weather resistant, gloss or impact resistance.
3. Growth of automotive and transport industry
The sales of vehicles is also affecting the automotive and transport adhesives, sealants and coatings. The need for passenger cars, heavy duty vehicles and aircrafts is greater than ever, especially in Asia Pacific, and is likely to keep up the upward trend for some time, creating demand for adhesives, sealants and coatings. Furthermore, the ownerships of aircrafts used by commercial airlines are frequently changing, which creates demand for interior coatings, adhesives and sealants. Last but not least, the increased demand for luxury vehicles, not just cars but also vans and buses, provides major opportunities for the automotive adhesives market. The growth of automotive adhesives market is in a direct relationship to the growth of overall industrial adhesives market.
Passenger car market, however, is likely to be negatively affected by the fact that an increasing amount of active and passive safety systems are integrated into the vehicles reducing crashes of any kind. Therefore, the need for repairs decreases, affecting the need for repair adhesives, sealants and coatings.