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. On the back of electrification and electronification technologies, vehicle production and design are gravely changing. Among the components to reach significance is automotive adhesives.
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%.
Quality, innovative product offerings, flexibility, and aftersales support are anticipated to play a significant role in promoting the sales of automotive solenoids. Moreover, manufacturers are also emphasizing on expanding their geographical reach and manufacturing capabilities through research and development in order to ensure a prominent position in the competitive Automotive Adhesives market.
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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.
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
· Others
By Application:
· Body in White
· Power Train
· Paint Shop
· Assembly
By Regional Outlook
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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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 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 launches of all key players for the past 4 years.
· Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.
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