Global Automotive Structural Adhesives Market is Expected to Reach USD 2,926.3 Million by the End of 2026
Automotive Structural Adhesives are primarily used for the joining of two dissimilar materials in automotive vehicles. The structural adhesives possess faster curing times, which invariably increases the rate of productivity in automotive assembly lines. These are also lightweight products.
Low carbon emissions of Automotive Structural Adhesives to bolster market growth prospects; green, eco-friendly adhesive variants at the forefront of product development.
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The better product performance in case of dissimilar materials, rising demand for lightweight, low-emission automotive vehicles, and shift in industry preference towards electric automotive vehicles are the influential primary factors that would bolster the prospects of market growth during the forecast period. The ability of structural adhesives to join two dissimilar materials have played a pivotal role in the advancement of automobiles, propelling market growth. The use of structural adhesives has also led to the decrease in weight of vehicles that also ensures low carbon emissions, boosting the product demand. The application of structural adhesives in automobiles has also helped manufacturers comply with the federal environmental regulations. The development of green, nature-friendly variants of automotive structural adhesives would offer crucial vendors with additional opportunities for the product application and business expansion over the forecast period.
Urethane, Epoxy, Acrylic, and Others are covered in the Type segment of the market scope. In contrast, the Application segment is categorized into Body-in-White, Interior & Exterior, Fixed Glass, and Others. The report covers Consumption volume of the global market by Application, with the volume expressed in K MT. The Type segment is calculated in terms of Production value and volume.
The volume of the Interior & Exterior consumption by Application is estimated to garner 392.5 K MT by 2026, growing at a CAGR of 4.7% from 2020 to 2026. The excellent corrosion protection and impact resistance of structural adhesives has bolstered its application in the joining of interior and exterior components of a vehicle. The lightweight characteristics of the products have also driven its use, propelling the segment growth.
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North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.
Asia Pacific is a prominent region in terms of consumption volume owing to the high demand for low-emission, lightweight vehicles. The rapid evolution of the electric vehicles market scenario has also influenced the high need for structural adhesives, improving the regional market growth.
The Automotive Structural Adhesives market is relatively fragmented, with several global and regional companies operating with expansive manufacturing capabilities and distribution network to cater to the demands of a large consumer base. The expansion of business capabilities through strategic collaborations and partnerships and launch of new products after thorough product development are the primary business strategies of top players.
DuPont de Nemours, Inc. is one of the most significant companies of the global Automotive Structural Adhesives Market in terms of production volume, with 3M Company and Henkel AG & Co. KGaA among many other vendors to hold substantial market share by volume and value.
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