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Automotive Adhesives Market Share, Segment Analysis, Growth and Demand Forecast to 2028

Automotive Adhesives Market Share, Segment Analysis, Growth

Market Overview:
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 a type of adhesive substance used to bind auto parts together structurally. Automotive adhesives are thought to be able to meet the needs of automakers in a number of different ways, including potting or casting, conformal coating, thermal management, mechanical bonds, EMI or RFI shielding, electrical connections, impregnation, and stress dissipation. Henkel estimates that using contemporary adhesives will reduce the vehicle's weight by up to 15.0 percent. Over the projected term, it is anticipated that the industry would employ automotive adhesives more quickly due to the increased proliferation of lightweight automobiles.

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Market Dynamics:
Driver:
Due to the global financial instability and the suspension of car manufacturing, the COVID-19 pandemic mostly had a detrimental impact on manufacturers of automotive adhesives and sealants. However, the market expanded greatly in 2021, primarily as a result of a rise in the sales of electric vehicles. In the next years, this is anticipated to raise the market under study. In the short term, encouraging the use of low volatile organic carbon (VOC) adhesive tapes and rising demand for lightweight automobiles are the main drivers propelling the growth of the market under study.

Opportunities:
Opportunities For Autonomous Electric Vehicles
Electric vehicles with self-parking, driverless, or robotic capabilities are known as autonomous EVs. The majority of human driving is anticipated to be replaced by autonomous vehicles by 2030, according to a survey on localization techniques for autonomous vehicles in smart cities conducted by the optimists. These technologies, together known as advanced driver assistance systems, compute billions of data points every second from a variety of sensors, cameras, and radar systems. The need for EV adhesives is anticipated to rise over the coming years as autonomous electric vehicles evolve and become more widely available. Automotive glue producers will benefit from enormous development potential as a result.

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Market Segmentation
Segmentation For The Automotive Adhesives Market
Based on the technology, the hotmelt segment is expected to register the maximum automotive adhesives market during the forecast period. Demand for hot melt adhesives is rising considerably owing to their superior durability. Hot melts based on reactive polyurethane are reaching popularity in the automotive industry owing to their ability to offer a superior bond and strong resistance against heat, moisture, and chemicals.

Based on the application, the body in the white segment is anticipated to dominate the automotive adhesives market during the forecast period. Adhesives are increasingly restoring spot welding for the bonding of raw vehicle framework.

Based on the vehicle type, the passenger vehicles segment is projected to dominate the automotive adhesives market over the forecast period. The rising manufacturing of electric vehicles is anticipated to enhance the growth of the global automotive adhesives market.

Based on the sales channel, the OEM segment held a prominent share of the automotive adhesives market with the major utilizations of adhesives being in production lines from automakers. The aftermarket segment is projected to grow at a significant pace as aftermarket repairs and overhauling are probably to improve the demand for automotive adhesives in the aftermarket.

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By Type
• Polyurethanes
• Epoxy
• Acrylics
• Silicone
• Others
By Technology
• Hotmelt
• Solvent Based
• Water-Based
• Pressure Sensitive
• Others
By Application
• Body in White
• Power Train
• Paint Shop
• Assembly

Regional Analysis For The Automotive Adhesives Market
The Asia Pacific is anticipated to dominate the automotive adhesive market over the forecast period, and led by China, due to large-scale vehicle production for international markets in the region. The demand for automotive adhesives in the APAC region is mainly turned by China and India. As per the China Adhesive Association, currently, China is the globally leading market for adhesives, in terms of production and demand, owing to the large number of vehicles manufactured in the country. Other economies, including those under ASEAN and India, are also anticipated to observe the highest growth on account of reduced labor and materials costs, and the consequent cost benefits to potential vehicle owners. In addition, nations in the Asia Pacific region are benefiting from efforts by market players towards regional and capacity expansion.

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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered In Automotive Adhesives Market Are
• 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

Key Industry Developments In The Automotive Adhesives Market
• In November 2021, Automotive adhesives allow inventions in automotive design and electric vehicle developments. Automotive adhesives are far more than just replacements for mechanical fasteners such as nuts and bolts, rivets, and welds. Adhesive producers are switching their products (including tapes and films) to reach the latest demand of EV production and modern automotive assembly. For the present automotive manufacturers are growingly allowing the benefits of declined vehicle weight; lower vibration levels; substitute to paint; broad stress distribution; scarcity of metal distortion; less panel corrosion and longer life rigidity, and better bonding of dissimilar materials, along with decreased costs and faster assembly.
• In April 2021, DELO has introduced an adhesive with exceptionally high-temperature stability. DELO MONOPOX HT2999 gain strengths of 20 MPa at 180 °C. This is four times greater than its predecessor. The product was invented primarily for the automotive industry and mechanical engineering.

Table Of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Technology
 3.3 By Application
 3.4 By Sales Channel
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: Automotive Adhesives Market by Type
 5.1 Automotive Adhesives Market Overview Snapshot and Growth Engine
 5.2 Automotive Adhesives Market Overview
 5.3 Polyurethanes
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Polyurethanes: Grographic Segmentation
 5.4 Epoxy
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Epoxy: Grographic Segmentation
 5.5 Acrylics
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Acrylics: Grographic Segmentation
 5.6 Silicone
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Silicone: Grographic Segmentation
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Grographic Segmentation
To Be Continued……..

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Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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