Covid-19 Impact on Automotive Adhesives Market to Witness Impressive Growth During 2021-2026

Stratview Research has announced a new report on the Automotive Adhesives Market. According to the report, the market size is likely to witness an impressive CAGR of 5.5% during the forecast period. The ability of adhesives to reduce vehicle weight, increase fuel efficiency, and lower carbon emissions is the key factor driving the demand for automotive adhesives, globally.

Market Segmentation
The Automotive Adhesives Market is segmented by Resin Type (Polyurethane, Epoxy, Acrylic, Silicone, SMP, MMA, and Others), by Application Type (Body in White, Paint Shop, Assembly, and Powertrain), by Vehicle Type (Passenger Car, LCV, Truck, Buses, and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the report, the market is segmented as polyurethane, epoxy, acrylic, silicone, SMP, and MMA. The polyurethane segment held the largest share of the market in 2019 and is expected to remain dominant during the forecast period. The wide use of polyurethanes in the automotive adhesives market, owing to their excellent properties, such as high elongation and stronger bonding, is driving the growth of this segment.

Based on the application type, the automotive adhesives market is segmented as body in white, paint shop, assembly, and powertrain. The body in white segment dominated the market in 2019, and is expected to remain dominant during the forecast period. Epoxy and polyurethanes are the majorly used products in body in white application.

Based on the vehicle type, the market is segmented as passenger car, LCV, truck, buses, and aftermarket. The passenger car segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Increasing production of electric vehicles is expected to drive the growth of this segment during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing automotive adhesives market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as body in white, paint shop, assembly, and powertrain, which is generating huge demand for automotive adhesives and the presence of a large number of automotive adhesive manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

How stakeholders can benefit from this report –
This report covers a thorough analysis of the following segments:
- Automotive Adhesives Market Dynamics.
- Market Size and forecast from 2021 till 2026.
- Supply & Demand Value Chain.
- Automotive Adhesives Market Current Trends/Issues/Challenges.
- Competition & Companies involved.
- Effecting Technology.
- Automotive Adhesives Market Drivers and Restraints.

Research Methodology
The report provides a thorough analysis that reflects today’s Automotive Adhesives Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.
Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.

Key Players
The following are the key players in the Automotive Adhesives Market.

• Arkema Group
• DuPont
• Huntsman Corporation
• Henkel AG & Co. KGaA
• H.B. Fuller Company
• Sika AG
• The 3M Company.

Read More: https://www.stratviewresearch.com/887/automotive-adhesives-market.html

Report Customization Options
With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:
- Company Profiling -Detailed profiling of additional market players (up to three players)
- Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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This release was published on openPR.