Market Insights
The automotive adhesives market size was estimated at USD 7 billion in 2021 and is likely to grow at a CAGR of 5.84% during 2022-2028 to reach USD 10.45 billion in 2028.
The report estimates the current and future demand for Automotive Adhesives Market at the global, regional, as well as country-level. The report also studies all the major suppliers of the market located across the globe. The vital data/information offered in the report can play an important role for the market participants in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies in order to expedite their growth process. This exclusive report is the outcome of an exclusive research methodology including primary research and secondary research.
The following are the key features of the report:
· Market structure: Overview, industry life cycle analysis, supply chain analysis.
· Market environment analysis: Growth drivers and constraints.
· Market segment trend and forecast.
· Competitive landscape and dynamics.
· Attractive market segments and associated growth opportunities.
· Emerging trends.
· Key success factors.
Key Players
- Arkema Group
- DuPont
- Huntsman Corporation
- Henkel AG & Co. KGaA
- H.B. Fuller Company
- Sika AG
- The 3M Company.
Segment Analysis
Based on the resin type, the market is segmented as polyurethane, epoxy, acrylic, silicone, SMP, and MMA. The polyurethane segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. The wide use of polyurethanes in the automotive adhesives market, owing to their excellent properties, such as high elongation and stronger bonding, is driving the growth of this segment.
Based on the application type, the automotive adhesives market is segmented as body in white, paint shop, assembly, and powertrain. The body in a white segment dominated the market in 2021 and is expected to remain dominant during the forecast period. Epoxy and polyurethanes are the majorly used products in the body in the white application.
Based on the vehicle type, the market is segmented as passenger cars, LCVs, trucks, buses, and aftermarket. The passenger car segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. Increasing production of electric vehicles is expected to drive the growth of this segment during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing automotive adhesives market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as body in white, paint shop, assembly, and powertrain, which is generating huge demand for automotive adhesives and the presence of a large number of automotive adhesive manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Frequently Asked Questions (FAQs)
- What will be the size of the Automotive Adhesives Market in the coming years?
- Who are the key players in the Automotive Adhesives Market and what are their market shares?
- Which region is expected to remain the largest Automotive Adhesives Market?
- Which region is expected to witness the highest growth in the Automotive Adhesives Market?
- What are the key strategies adopted by the major vendors to lead in the Automotive Adhesives Market?
With this detailed report, Stratview Research offers customization options to the clients. This includes detailed company profiling of additional market players, Competitive Benchmarking of key players on the parameters like: Product portfolio, geographical reach, regional presence, and strategic alliances.
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