Global Automotive Adhesives Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global automotive adhesives market in its upcoming report titled, “Global Automotive Adhesives Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automotive adhesives market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive adhesives market report has been segmented on the basis of resin type, technology, application, and region.
An automotive adhesive is most preferred option for bonding used by automotive manufacturers. Automotive adhesives are made up of resins, precise blend of synthetic rubber elastomers, and additives used to enhance specific characteristics, depending on end use. Automotive manufacturers use composites and aluminum material for production, which cannot be welded with each other, but it is important to join them to hold body parts together even at high pressures and high speed. Automotive adhesive makes vehicles function smoother, safer, durable, and is replacing traditional joining procedures such as welding, bolting, and riveting.
Metallic components used for manufacturing vehicles are increasingly replaced with composite materials. Increasing usage of lightweight materials for manufacturing automobiles and replacement of mechanical fasteners such as nuts, bolts, screws, and welds, which makes vehicle lighter and fuel efficient. Adhesives provide superior bonding quality without compromising structural disruption of automobile components. All these factors are expected to drive growth of the global market. In addition, adhesives reduce vibration, noise, and harshness in vehicles, thereby, surging the global automotive adhesives market growth.
Automotive adhesives play a vital role in manufacturing commercial vehicles, as these vehicles are used in various operations such as emergency services, trash collection, and others. In heavy commercial vehicles, automotive adhesives help to avoid leakages and water intrusions. These adhesives are also used to link interior bracket and trailer bed to frame. These are some major factors estimated to propel growth of the market in next ten years. However, fluctuating raw material prices are major factor expected to hamper growth of the global automotive adhesives market.
Asia Pacific market is anticipated to dominate the global automotive adhesives market, owing to rapid expansion of production base in countries in this region, particularly from economies such as China, Japan, and India. Increasing automobiles production in Asia Pacific is complimented by increasing demand for LCV and passenger cars in countries in the region. Favorable government regulations in countries across this region are projected to result in increasing adoption of adhesives in automotive industry to improve safety and fuel economy. Thus, demand for automotive adhesives in Asia Pacific region is anticipated to grow rapidly in next seven years.
Global Automotive Adhesives Market Segmentation:
Segmentation by resin type:
- Others (SMP and Polyamide)
Segmentation by technology:
- Hot melt
Segmentation by application:
- Paint shop
- Others (Exterior, Interior, and Electronics)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 3M Company
- Henkel & Co. KGaA
- The DOW Chemical Company
- Bostik S.A.
- Sika AG
- PPG Industries
- B. Fuller
- Jowat AG
- Solvay S.A
- Illinois Tool Works Corporation
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