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): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global automotive adhesives market size was valued at $4.7 billion in 2020, and projected to reach $8.4 billion by 2030, with a CAGR of 5.9% from 2021 to 2030.
Adhesives are lightweight materials used for joining most composites and plastic materials. They are known for improving stress distribution and expanding the choices of composites and dissimilar substrates throughout the vehicle. They are the most versatile bonding agent available today, and are used by vehicle manufacturers to make cars lighter and tougher. Moreover, they are made from precise blends of synthetic rubber elastomers, resins, and additives such as photo initiators and stabilizers, which enhance the characteristics of automotive adhesives. In addition, currently automobile manufacturers glue aluminum and composites together so that vehicle parts are intact even at high speed and high pressure. Adhesives do not lose strength and hence, are used for these applications.
This report projects the trends and opportunities of the global automotive adhesives market. This research study includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.
Automotive adhesives exhibit multiple applications in the automobile industry by enhancing the design and infrastructure of vehicles. They are deployed to fabricate rubber, metal, glass, and plastics together during the manufacture of automobiles. They inhibit the ingress of salt, dirt, and water in the car shell. Moreover, they have improved the vehicle stiffness and durability, and provide improved crash performance. In addition, use of adhesives at multiple stages of production of an automobile has significantly driven the market growth.
Adhesives are used for direct glazing, which has resulted in the improvement of rigidity of vehicles. They are deployed on the production line, which has resulted in cost reduction and savings. Therefore, adhesives have significantly improved the fuel efficiency of automobiles and provide enhanced performance, which drive the growth of the automotive industry.
The global automotive adhesives market is segmented on the basis of resin type, technology, application, vehicle type, and region. On the basis of resin type, the market is classified into polyurethanes, epoxy, acrylics, silicone, SMP, polyamide, and others (rubber and phenolic). By technology, it is categorized into hot melt, solvent based, water based, pressure sensitive, and others (reactive and thermosetting). Depending on application, it is divided into body-in-white, power train, paint shop, and assembly. As per vehicle type, it is fragmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major strategies adopted by key players to expand their business include expansion in untapped regions and new product launches. The major companies profiled in this report include Henkel & Co. KGaA, Bostik S.A., 3M Company, The DOW Chemical Company, Sika AG, H.B. Fuller, PPG Industries, Jowat AG, Illinois Tool Works Corporation, and Solvay S.A.,. Rapid urbanization and surge in the increase in the investment of developing countries in the transportation infrastructure has fuelled the demand for personal vehicles, commercial vehicles, which have an impact on the automotive adhesives market. Additional growth strategies such as expansion of production capacities, acquisition, collaboration, joint venture, and partnership in the development of the innovative products from manufacturers have led to key developments in the global automotive adhesives market trends.
KEY MARKET SEGMENTS
By Resin Type
Polyurethane
Epoxy
Acrylics
Silicone
SMP
Polyamide
Others (Rubber and Phenolic Adhesives)
By Technology
Hot melt
Solvent Based
Water based
Pressure Sensitive
Others (Reactive and Thermosetting)
By Vehicle Type
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
By Application
Body-in-White (BIW)
Powertrain
Paint Shop
Assembly
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA
Key players in the global automotive adhesives market are:
1. Henkel & Co. KGaA
2. Bostik S.A.
3. 3M Company
4. The DOW Chemical Company
5. Sika AG
6. H.B. Fuller
7. PPG Industries
8. Jowat AG
9. Illinois Tool Works Corporation
10. Solvay S.A.
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