Automotive Adhesives Market based on by Resin ( Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA ), by Technology ( Hot Melt, Reactive, Sealants, Solvent-borne, UV Cured Adhesives, Water-borne ),Regional Outlook– Global Forecast up to 2030
China and India are the primary drivers of the automotive adhesives market in the Asia-Pacific area. Because so many cars are made there, China is currently the world's largest market for adhesives both in terms of demand and production, according to the China Adhesive Association.
In the Asia-Pacific area, Japan is the second-biggest market for automotive adhesives. Because Japan's government passed legislation regulating volatile organic compound emissions in April 2006, environmentally friendly adhesives are currently in high demand in that country. In the adhesives sector, factories or plants with drying fan capacity greater than 15,000 square meters per hour are required to maintain VOC emissions below 1,400 parts per million (ppmC) of hydrocarbons.
The "Make in India" movement in India is supporting the expansion of the automotive adhesives market. International automakers are increasing their investments in the nation to meet the rising demand from within.
Manufacturers of adhesives base the cost structure of their products mostly on the cost and availability of raw ingredients. Plastic resins, inorganic chemicals, industrial inorganic chemicals, and refined petroleum products are among the raw materials utilized by the adhesive sector. Since the majority of these raw materials are petroleum-based derivatives, their costs can fluctuate. The price of crude oil has fluctuated greatly recently. The main causes of this price variation have been the Middle East's turmoil and rising worldwide demand.
Autonomous EVs are robotic, self-parking, or driverless electric cars. The optimists conducted a study on localization techniques for autonomous cars in smart cities, and the results showed that by 2030, these vehicles should be sufficiently dependable and reasonably priced to replace the majority of human drivers. The collective name for these systems is Advanced Driver Assistance Systems, and they process billions of data points every second from a variety of sensors, cameras, and radar systems.
Over the next years, it is anticipated that the 20% adoption rate already in place will increase. Different adhesive types are utilized in electric car sensors, radars, and cameras. The need for EV adhesives is anticipated to rise in the near future as autonomous EVs are developed and brought to market. This will present manufacturers of automotive adhesive with substantial development potential.
Research Methodology:
After secondary research provided a fundamental understanding of the worldwide Automotive Adhesives Market scenario, extensive primary research was carried out. A number of primary interviews were carried out with industry experts from the supply and demand sides, including C- and D-level executives, product managers, and marketing and sales managers of major manufacturers, distributors, and channel partners from tier 1 and tier 2 companies offering Automotive Adhesives Market, as well as personnel from academia, research, and CROs. These interviews were conducted across five major regions: North America, Europe, Asia Pacific, and the Rest of the World (Latin America & the Middle East & Africa). Participants from the supply-side and demand-side participated in about 70% and 30% of the primary interviews, respectively. Through the use of questionnaires, emails, online surveys, in-person interviews, and phone interviews, this main data was gathered. The primary participants share is given below:
The segmentation coverage of the study is provided below.
Automotive Adhesives Market based on Resin:
- Acrylic
- Cyanoacrylate
- Epoxy
- Polyurethane
- Silicone
- VAE/EVA
- Hot Melt
- Reactive
- Sealants
- Solvent-borne
- UV Cured Adhesives
- Water-borne
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
The automotive adhesives market is divided into five segments based on technology: water-borne, solvent-borne, UV-cured, reactive, hot melt, and sealants. Reactive adhesives are two-part systems that, when combined, cure to produce a strong, long-lasting connection that is resistant to harsh elements like chemicals, high temperatures, and humidity. In the automotive sector, reactive adhesives are frequently utilized for structural bonding purposes, such as body panels, doors, roofs, and frames. Reactive adhesives are a growing market due to factors such the growing need for lightweight and fuel-efficient cars, the growing usage of plastics and composites in the automotive industry, and the increased emphasis on enhancing the durability and safety of automobiles. The development of novel curing agents and additives, along with other adhesive technology improvements, is propelling the expansion of the reactive adhesives market in the automotive industry.
The report offers market information for North America, Europe, Asia-Pacific, and the rest of the world, broken down by region. China, India, and Southeast Asian nations are the top contributors to the Automotive Adhesives market, which is dominated by the Asia Pacific region. The expanding trend of lightweight and electric vehicles, the rising investments in R&D for new adhesive technologies, and the growing demand for automobiles in emerging nations like China and India are all credited with this region's rise.
- This report illustrates the most vital attributes of the Automotive Adhesives Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Automotive Adhesives Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Automotive Adhesives Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Automotive Adhesives Market.
- 1. Executive Summary
- 2. Industry Outlook
- 2.1. Industry Overview
- 2.2. Industry Trends
- 3. Market Snapshot
- 3.1. Market Definition
- 3.2. Market Outlook
- 3.2.1. Porter Five Forces
- 3.3. Related Markets
- 4. Market characteristics
- 4.1. Market Overview
- 4.2. Market Segmentation
- 4.3. Market Dynamics
- 4.3.1. Drivers
- 4.3.2. Restraints
- 4.3.3. Opportunities
- 4.4. DRO - Impact Analysis
- 5. Resin: Market Size & Analysis
- 5.1. Overview
- 5.2. Acrylic
- 5.3. Cyanoacrylate
- 5.4. Epoxy
- 5.5. Polyurethane
- 5.6. Silicone
- 5.7. VAE/EVA
- 6. Technology: Market Size & Analysis
- 6.1. Overview
- 6.2. Hot Melt
- 6.3. Reactive
- 6.4. Sealants
- 6.5. Solvent-borne
- 6.6. UV Cured Adhesives
- 6.7. Water-borne
- 7. Geography: Market Size & Analysis
- 7.1. Overview
- 7.2. North America (U.S., Mexico, Canada)
- 7.3. Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia, Rest of Europe)
- 7.4. Asia Pacific (Japan, China, India, Australia, South East Asia, Rest of APAC)
- 7.5. Latin America (Brazil, Argentina)
- 7.6. Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)
- 8. Competitive Landscape
- 8.1. Competitor Comparison Analysis
- 8.2. Market Developments
- 8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
- 8.2.2. Product Launches and execution
- 9. Vendor Profiles
- 9.1. 3M (US)
- 9.1.1. Overview
- 9.1.2. Financial Overview
- 9.1.3. Product Offerings
- 9.1.4. Developments
- 9.1.5. Business Strategy
- 9.2. HENKEL & CO. KGAA (GERMANY)
- 9.2.1. Overview
- 9.2.2. Financial Overview
- 9.2.3. Product Offerings
- 9.2.4. Developments
- 9.2.5. Business Strategy
- 9.3. H.B. FULLER COMPANY (US)
- 9.3.1. Overview
- 9.3.2. Financial Overview
- 9.3.3. Product Offerings
- 9.3.4. Developments
- 9.3.5. Business Strategy
- 9.4. BASF SE (GERMANY)
- 9.4.1. Overview
- 9.4.2. Financial Overview
- 9.4.3. Product Offerings
- 9.4.4. Developments
- 9.4.5. Business Strategy
- 9.5. BOSTIK (US)
- 9.5.1. Overview
- 9.5.2. Financial Overview
- 9.5.3. Product Offerings
- 9.5.4. Developments
- 9.5.5. Business Strategy
- 9.6. ILLINOIS TOOL WORKS INC. (US)
- 9.6.1. Overview
- 9.6.2. Financial Overview
- 9.6.3. Product Offerings
- 9.6.4. Developments
- 9.6.5. Business Strategy
- 9.7. DOWDUPONT (US)
- 9.7.1. Overview
- 9.7.2. Financial Overview
- 9.7.3. Product Offerings
- 9.7.4. Developments
- 9.7.5. Business Strategy
- 9.8. SIKA AG (SWITZERLAND)
- 9.8.1. Overview
- 9.8.2. Financial Overview
- 9.8.3. Product Offerings
- 9.8.4. Developments
- 9.8.5. Business Strategy
- 9.9. PPG INDUSTRIES (US)
- 9.9.1. Overview
- 9.9.2. Financial Overview
- 9.9.3. Product Offerings
- 9.9.4. Developments
- 9.9.5. Business Strategy
- 9.10. SOLVAY S.A (BELGIUM)
- 9.10.1. Overview
- 9.10.2. Financial Overview
- 9.10.3. Product Offerings
- 9.10.4. Developments
- 9.10.5. Business Strategy
- 10. Analyst Opinion
- 11. Annexure
- 11.1. Report Scope
- 11.2. Market Definitions
- 11.3. Research Methodology
- 11.3.1. Data Collation and In-house Estimation
- 11.3.2. Market Triangulation
- 11.3.3. Forecasting
- 11.4. Report Assumptions
- 11.5. Declarations
- 11.6. Stakeholders
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook