Automotive Adhesive Market Estimated To Grow USD 5.35 Billion By...

Automotive Adhesive Market Estimated To Grow USD 5.35 Billion By 2028, Rising At A 4% CAGR

Posted 2024-05-14 07:49:54

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Global Automotive Adhesives Market was valued at USD 4.26 billion in 2021 and is expected to reach USD 5.35 billion by the year 2028, at a CAGR of 4%.

Automotive adhesives are adhesive materials that create applications in the structural bonding of auto components. Automotive adhesives are considered to address various requirements of automakers such as potting or casting, conformal coating, thermal management, mechanical bonds, EMI or RFI shielding, electrical connections, impregnation, and stress dissipation. These adhesives are commonly used in engine control units, anti-lock brake systems (ABS), displays, climate controls, vehicle stability control, navigation systems, transmission control units, vision system, instrument panels, sensors, connectors, detectors, security devices, and battery monitoring systems.

Automotive adhesives and sealants are used to join and seal various parts of vehicles, such as body panels, interior trims, and windshields. These adhesives and sealants provide high strength, durability, and resistance to environmental factors. The global automotive adhesives and sealants market is expected to grow significantly in the coming years, driven by the increasing demand for lightweight and fuel-efficient vehicles.

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 other major players.

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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 2024-2032 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

· Others

By Application:

· Body in White

· Power Train

· Paint Shop

· Assembly

By Regional Outlook

· North America (U.S., Canada, Mexico)

· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

· South America (Brazil, Argentina, Rest of SA)

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Key Takeaways from this Report

· Evaluate market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level – for product types, end-use applications, and by different industry verticals.

· Understand the different dynamics influencing the market – key driving factors, challenges, and hidden opportunities.

· Get in-depth insights on your competitor’s performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.

· Analyze the sales and distribution channels across key geographies to improve top-line revenues.

· Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies to your processes.

· Get a quick outlook on the market entropy – M&As, deals, partnerships, and product launch of all key players for the past 4 years.

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