Automotive Adhesives Market to Hit USD 5.35 billion by the year 2028 Competitive Landscape, New Market Opportunities, Growth Hubs, Return on Investments

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%.

Adhesives are thin, light-weight parts used to join materials including plastic, metal, composites, and others. The automotive industry is using adhesives more and more to bind different car parts, like structural modules and closures. The mass of a vehicle is reduced, front and rear lateral body stiffness are increased, crash performance is improved, and noise, vibration, and harshness are reduced as a result of more vehicle manufacturers using adhesives (NVH). Additionally, the construction of new, creative vehicle body designs and mixed-material designs using high-strength steels, nonferrous metals, plastic, and composites is facilitated by adhesive bonding. Adhesives also provide strong adhesion over a variety of substrates. It can be used to fasten steel and alloyed parts as well as dashboards, door panels, electronics, light covers, and lenses.

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Market Dynamics:
Driver:
The adoption of smart cars, increased sales of automotive adhesives, and underlying strength in the automotive industry are all contributing factors to the market's growth. Additionally, composite materials are used in place of metallic ones to join with adhesives, reducing the weight of cars and increasing their fuel efficiency. Additionally, the use of adhesives has reduced the harshness, vibration, and noise of automobiles, which supports the expansion of the automotive adhesives industry.

Opportunities:
Vehicle adhesives have grown in popularity as a result of the automotive OEMs' increased attention on weight reduction, carbon emissions reduction, and adherence to fuel emission requirements. In the automotive adhesive market arena, a greater emphasis on environmentally friendly product offers has created lucrative potential for product development. Additionally, the demand for EV adhesives is anticipated to rise with the development and commercialization of self-driving cars. It is anticipated to offer manufacturers of automotive adhesives significant growth opportunities.

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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. Also, the application of hot melts in the automotive industry speeds up the production process in comparison to water-based and solvent-based products.
• Hotmelt
• Solvent Based
• Water-Based
• Pressure Sensitive
• Others

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. Their application leads to weight reduction, increased crash durability, and decreased metal exhaustion. Epoxy and polyurethane are the highly utilized products in the body in a white application. Moreover, each stage of the development of an automobile, whether for non-loading body components or structural parts, uses adhesives one way or another. Adhesives are utilized in the manufacturing of engines, body parts, gearboxes, and installed parts such as wing mirrors, seats, and steering wheels.
• Body in White
• Power Train
• Paint Shop
• Assembly

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. Additionally, along with structural bonding, adhesives act as a buffer and crash-resistant material in the event of an accident.
• Polyurethanes
• Epoxy
• Acrylics
• Silicone
• Others

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.
• OEM
• Aftermarket

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.

Emerged regions in North America and Europe are also prominent markets for automotive adhesives and are estimated to reflect steady growth over the assessment period. The transition towards electric vehicles is probably to revive the consumption of automotive adhesives in these matured markets.
• 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)

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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
• Henkel AG & Co. KGaA
• Huntsman Corporation
• Illinois Tool Works Inc.
• Lord Corporation
• Nippon Paint Co. Ltd.
• RPM International Inc.
• Royal Adhesives and Sealants LLC
• The Dow Chemical Company
• ThreeBond Co. Ltd.
• Wacker-Chemie AG and other major players.

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.

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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
Continue.

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