Global Automotive Adhesives

Global Automotive Adhesives

Adhesives used in automobile applications provide additional advantages such as high cohesion, durability, and temperature resistance, thereby enhancing the overall performance of vehicles in various end applications. Tanalyze forecasts a compound annual growth rate (CAGR) of 7.8% in the global automotive adhesives market, with an expected value of USD 8.57 billion by 2029.

The market is segmented by type into structural adhesive and non-structural adhesive categories. Notably, the non-structural adhesive segment dominates the global market, projected to grow at a CAGR of 6.1% from 2024 to 2029. Among non-structural adhesives, the rubber segment is expected to reach 694.7 thousand tons by 2029, with a CAGR of 5.9% during the same period. Rubber-based adhesives find application in automotive closures, despite limitations related to corrosion protection and static and dynamic strength.

Across various application segments such as assembly, paint shop, UTH and powertrain, and BIW, the automotive adhesives market is poised for further growth. Tanalyze estimates the BIW segment to reach 700.2 thousand tons by 2029, exhibiting a CAGR of 6.4% from 2024 to 2029. In BIW applications, adhesives play a crucial role in enhancing structural integrity and optimizing vehicle dynamics.

Geographically, Asia-Pacific leads the automotive adhesives market, closely followed by Europe and North America. Europe experienced significant growth, with nearly 3.2 million new electric car registrations in 2023, marking a 20% increase from the previous year. Several European countries, including Germany, achieved notable milestones, with half a million new battery electric car registrations recorded in a single year. Europe represents a substantial market opportunity, with an estimated market size of 470.3 thousand tons by 2029, accounting for a significant 20.2% share of the global automotive adhesives market.

Prominent vendors driving competitive dynamics in the market include Henkel AG & Co. KGaA, 3M Company, Sika AG, Arkema S.A., ThreeBond Holdings Co., Ltd., Pidilite Industries Limited, EMS-Chemie Holding AG, H.B. Fuller Company, Huntsman Corporation, Avery Dennison Corporation, Wacker Chemie AG, Anabond Limited, among others.

This study aims to analyze the global market for various segments of automotive adhesives, including:

Application: Assembly, Paint Shop, UTH (Under-The-Hood) and Powertrain, and BIW (Body-In-White).

Type: Structural Adhesive (PU, Acrylics, and Epoxy) and Non-Structural Adhesive (Hotmelt, Rubber, and Others).

End-User: Refinish and OEM (Original Equipment Manufacturer).

Region: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA).