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Automotive Adhesives Market Insights, Size, Share, Growth, Opportunities, Industry Analysis And Key Players| Henkel AG & Co. KGaA, Arkema S.A., 3M Company, DuPont de Nemours, Inc., H.B. Fuller Company, Sika AG
Automotive Adhesives Market
As per the Automotive Adhesives Market report by The Business Research Company, the rise in demand for lightweight, low-carbon emitting vehicles is expected to propel the growth of the automotive adhesives market. With the implementation of stricter emissions laws as a result of increased exhaust emissions, automobile manufacturers are focusing on producing lightweight automobiles to reduce CO2 emissions.
The global automotive adhesives market size grew from $5.14 billion in 2022 to $5.49 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive adhesives market size is expected to grow to $7.13 billion in 2027 at a CAGR of 6.7%.
Read More On The Automotive Adhesives Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-adhesives-global-market-report
Major competitors in the Automotive Adhesives Market include Henkel AG & Co. KGaA, Arkema S.A., 3M Company, DuPont de Nemours, Inc., H.B. Fuller Company, Sika AG, Huntsman Corporation, The DOW Chemical Company, Jowat SE, Hexion Speciality Chemicals, Covalence Adhesives, Solvay S.A., Bayer AG, Hindustan Adhesives Limited, PPG Industries, ITW Performance Polymers, Ashland Speciality Company, Tesa SE, Bostik S.A., Cytec, and BASF SE.
The Automotive Adhesives Market is segmented -
By Adhesive Type: Structural, Tapes and Films, Threadlocks and Retainers, Liquid Gaskets
By Vehicle Type: Passenger cars, LCVs, Trucks, Buses, Aftermarket
By Resin Type: Polyurethane, Epoxy, Acrylics, Silicone, SMP, MMA, and Other Resin Types
By Application: BIW, Glazing, Powertrain, Paint Shops, Upholstery
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Adhesives Market.
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Automotive adhesives are used as binding substances by automotive equipment manufacturers (OEMs) to bond different substrates of metal, eliminating the need for welding and mechanical bolts, welds, and rivets. Adhesives are lightweight components that are used to join metals, composites, plastics, and other materials together. In the automotive sector, adhesives are used to join various automobile components, such as closures and structural modules.
The Table Of Content For The Automotive Adhesives Market Include:
1. Executive Summary
2. Automotive Adhesives Market Characteristics
3. Automotive Adhesives Market Trends And Strategies
4. Automotive Adhesives Market - Macro Economic Scenario
5. Automotive Adhesives Market Size And Growth
……
27. Automotive Adhesives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Adhesives Market
29. Automotive Adhesives Market Future Outlook and Potential Analysis
30. Appendix
The "Global Automotive Adhesives Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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