Global Automotive Adhesives Market, By Resin Type (Polyurethanes, Epoxy, Acrylics, Silicone, SMP, Polyamide, and Others), Technology (Hotmelt, Solvent Based, Water Based, Pressure Sensitive, and Others), Application (Body in White, Power Train, Paint Shop, and Assembly), and Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Adhesives Market
The automotive adhesives market will reach at an estimated value of USD 45.06 billion and grow at a rate of 8.00% for the forecast period of 2021 to 2028. Increasing demand for lightweight and low carbon emitting vehicles is a vital factor driving the growth of automotive adhesives market.
Adhesives are the most versatile bonding agents available today and are used by automakers to make cars lighter and tougher. Adhesives are made from precise blends of synthetic rubber elastomers, resins and agents or additives used to enhance certain characteristics, depending on the end use.
Growing demand from the automotive industry in Asia Pacific is the vital factor escalating the market growth, also rising technological advancements in automotive adhesives, rising demand for lightweight and low-carbon emitting vehicles, increasing demand for automotive adhesives from APAC and rising technological advancements in adhesives for end-use industries and are the major factors among others driving the automotive adhesives market. Moreover, rising demand for low VOC, green, and sustainable adhesives and rising research and development activities in the market will further create new opportunities for the automotive adhesives market in the forecast period of 2021- 2028.
However, rise in raw material prices and increasing effect of recession on end-use industries are the major factors among others acting as restraints, and will further challenge the growth of automotive adhesives market in the forecast period mentioned above.
This automotive adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the automotive adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Adhesives Market Scope and Market Size
The automotive adhesives market is segmented on the basis of resin type, technology, application and vehicle type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on resin type, the automotive adhesives market is segmented into polyurethanes, epoxy, acrylics, silicone, SMP, polyamide and others.
- On the basis of technology, the automotive adhesives market is segmented into hotmelt, solvent based, water based, pressure sensitive, and others.
- Based on application, the automotive adhesives market is segmented into body in white, power train, paint shop and assembly.
- The automotive adhesives market is also segmented on the basis of vehicle type into passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
Automotive Adhesives Market Country Level Analysis
The automotive adhesives market is analysed and market size, volume information is provided by country, resin type, technology, application and vehicle type as referenced above.
The countries covered in the automotive adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the automotive adhesives market due to rising demand for adhesives in the aftermarket of automobile & transportation industry has been increasing, rising technological advancements in automotive adhesives and rising demand for lightweight and low-carbon emitting vehicles in this region.
The country section of the automotive adhesives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Adhesives Market Share Analysis
The automotive adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive adhesives market.
The major players covered in the automotive adhesives market report are 3M, Bostik, Ashland, BASF SE, Bemis Associates Inc, DuPont, Covestro AG, EMS-CHEMIE HOLDING AG, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC., Illinois Tool Works Inc., Permatex, LORD Corporation, NITTO DENKO CORPORATION, Royal Adhesives & Sealants, RPM International Inc., Dow, ThreeBond Holdings Co. and Wacker Chemie AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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