The Automotive Adhesives Market size is projected to reach
USD 5.35 billion by 2027 from an estimated USD 4.26 billion in 2021, growing at
a CAGR of 4% globally.
Automotive Adhesives are lightweight components used to bind metals, composites,
plastic, and other materials. Adhesives are increasingly being deployed in the
automotive industry for binding various vehicle components such as closures and
structural modules. An increase in the adoption of adhesives among vehicle
manufacturers reduces the mass of vehicles; increases front & rear lateral
body stiffness; enhances crash performance; and minimizes noise, vibration, and
harshness (NVH). In addition, adhesive bonding leads to the formation of new
innovative vehicle body designs and mixed material designs consisting of high-strength
steel, nonferrous metals, plastic, and composites. Furthermore, adhesives offer
high bonding strength across diverse substrates. and can be used to attach
dashboards, door panels, electronics, light covers, and lenses as well as steel
and alloyed components.
The growth of the market is driven by rising in sales of automotive adhesives owing to underlying strength in vehicle sales, technological advancements in manufacturing of automobiles, and adoption of smart cars. Moreover, metallic components are replaced with composites to bond with adhesives, which results in a reduction in the weight of automobiles and an improvement in fuel efficiency. In addition, the deployment of adhesives has led to a reduction of noise, vibration, and harshness in vehicles, which fuels the automotive adhesives market growth. Furthermore, growth in demand for automotive adhesives in Asia-Pacific is expected to boost the market growth.
The Major Players In The Automotive
Adhesives Market Include:
3M Company, DuPont de Nemours Inc.,
Transtar Autobody Technologies Inc., Bondo Corporation, Arkema S.A., Bostik
S.A., Ashland Global Holdings Inc., BASF SE, Bemis Associates Inc., Covestro
AG, EMS-Chemie Holding AG, Permatex Inc., H.B. Fuller Company, Nitto Denko
Corporation, Henkel AG & Co. KGaA, Huntsman Corporation, Illinois Tool
Works Inc., Lord Corporation, Nippon Paint Co. Ltd., RPM International Inc.,
Royal Adhesives and Sealants, LLC,The Dow Chemical Company,ThreeBond Co.
Ltd.,Wacker-Chemie AG,and others.
Market has segmented the global
Automotive Adhesives market on the basis of type, application, and region:
The Automotive Adhesives market is
segmented by type and application. Growth between segments over the period
2022-2028 provides accurate calculations and forecasts of revenue by type and
application in terms of volume and value. This analysis can help you expand
your business by targeting eligible niches.
By Type:
Polyurethanes, Epoxy,
Acrylics, Silicone, SMP, Polyamide, Others
By Application:
Body in White, Power Train,
Paint Shop, Assembly
By Regional Outlook
(Revenue, USD Billion, 2017 – 2028)
IMR offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. IMR market research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
Covid-19 Impact and Recovery
Analysis on Industry:
The COVID-19 pandemic has had
devastating effects on several industry verticals globally. To constrain the
number of cases and slow the coronavirus spread, various public health
guidelines were implemented in different countries across the globe. COVID-19
protocols ranging from declaring national emergency states, enforcing
stay-at-home orders, closing nonessential business operations and schools,
banning public gatherings, imposing curfews, distributing digital passes, and
allowing police to restrict citizen movements within a country, as well as
closing international borders. With the growing vaccination rate, governments
are uplifting the protocols to give a boost to the stagnant economy. Like other
industries, Automotive Adhesives Market have experienced slowdown the
growth, however market is expected bounce back as restrictions are being lifted
up by governments across the globe.
Key benefits for Stakeholders