Global Automotive Adhesives Market Size study & Forecast, by Resin (Polyurethane, Epoxy, Acrylics, Silicone, Silyl-Modified Polymers (SMPs), Methyl Methacrylate Adhesives (MMAs), Others), By Application (Body in white, Paint shop, Assembly, Powertrain), B

Global Automotive Adhesives Market Size study & Forecast, by Resin (Polyurethane, Epoxy, Acrylics, Silicone, Silyl-Modified Polymers (SMPs), Methyl Methacrylate Adhesives (MMAs), Others), By Application (Body in white, Paint shop, Assembly, Powertrain), Based on Vehicle Type (Passenger car, LCV, Truck, Bus, Aftermarket) and Regional Analysis, 2022-2029

Global Automotive Adhesives Market is valued approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029. Automotive adhesive is a bonding material used to attach or join two parts or components with each other. These adhesives have wide applications in the automotive industry owing to its rapid and robust bonding quality between parts or components, ability to reduce vehicle weight lower carbon emission, fuel efficiency. Adhesives are used in automotive industry to assemble metal, rubber, plastics, glass, plastics and several other materials throughout the manufacturing of automobiles. In addition, these adhesives also assist in preventing the entrance of dirt and water in the car body shell and thus help in improving body stiffness, toughness and improved crash performance. Further, growing demand for lightweight and low carbon emitting vehicles, high demand for automotive adhesives from emerging economies and automobile manufacturers increasingly investing in EVs due to government regulations and purchase incentives has led the adoption of Automotive Adhesives in the forecast period.

The automotive adhesives are widely used in electronics vehicles. Thus, the rising demand for the electronics vehicles is anticipated to create the lucrative demand for the market during forecast period. According to Statista, 1992.5 thousand electric vehicles were sold in 2018; in 2021 the number reached 6,507.9 thousand and its is anticipated to reach 13,763.6 thousand by 2026. Additionally, the growing demand for low-VOC, green, and sustainable adhesives is anticipated to create the lucrative opportunity for the market during forecast period. However, the volatility in raw material prices stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Automotive Adhesives Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the dominating region across the world in terms of market share, owing to the growing production of passenger vehicles and commercial vehicles coupled with technology innovation. Whereas, North America is also anticipated to exhibit highest growth rate over the forecast period, owing to the presence of key market players and rising production of automotive vehicles in the region would create lucrative growth prospects for the Automotive Adhesives market across North America.

Major market player included in this report are:
Henkel & Co. KGaA
Sika AG
3M Company
Dupont (Dowdupont)
H.B. Fuller
Bostik S.A.
Huntsman International LLC.
Ashland
PPG Industries
10 Illinois Tool Works Corporation

Recent Developments in the Market:
 In April 2019, In Rocky Hill, Connecticut, Henkel declared the launch of a new OEM Application Center. The lab increases Henkel's capacity to provide cutting-edge solutions and create specialized software, hardware, and manufacturing procedures to better meet customer needs.

Global Automotive Adhesives Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Resin, Application, Based on vehicle type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Resin:
Polyurethane
Epoxy
Acrylics
Silicone
Silyl-Modified Polymers (SMPS)
Methyl Methacrylate Adhesives (MMAS)
Others
By Application:
Body in white
Paint shop
Assembly
Powertrain

Based on vehicle type:
Passenger car
LCV
Truck
Bus
Aftermarket

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Henkel & Co. KGaA
Sika AG
3M Company
Dupont (Dowdupont)
H.B. Fuller
Bostik S.A.
Huntsman International LLC.
Ashland
PPG Industries
10 Illinois Tool Works Corporation

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