"Driving the Future: Exploring the Global Automotive Adhesives Market" Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2023-2032

The global automotive adhesive market size is estimated at USD 4.7 billion in 2020 and is projected to reach USD 8.4 billion by 2030, growing at a CAGR of 5.9% from 2021 to 2030. Other materials such as plastic. The automotive industry is increasingly using adhesives to connect various vehicle components such as closures and structural modules. The increasing use of adhesives by automakers is reducing the mass of automobiles. Increases front and rear body rigidity. Improve crash performance. Minimize noise, vibration and harshness (NVH). Additionally, joints are creating new innovative body designs and mixed-material structures made from high-strength steels, non-ferrous metals, plastics and composites. In addition, the adhesive exhibits high adhesion to various substrates. Can be used to secure dashboards, door panels, electronics, light covers and lenses, steel and alloy parts.

Market growth is driven by strength in vehicle sales, technological advancements in vehicle manufacturing, and increased sales of automotive adhesives due to the introduction of smart cars. In addition, by replacing metal parts with adhesive-bonded composite materials, automobiles can be made lighter and more fuel efficient. Additionally, the use of adhesives reduces vehicle noise, vibration, and shock, driving the growth of the automotive adhesives market. Moreover, rising demand for automotive adhesives in the Asia-Pacific region is expected to spur market growth.

Additionally, in the automotive industry, adhesive bonding is a vital joining technology for multi-material construction of lightweight vehicles, but rising raw material prices and the impact of the economic recession on end-use industries are key factors. Market growth is expected to slow down. The polyamide segment dominates the global automotive adhesives market. Polyamide adhesives are high performance adhesives commonly made from long-chain dimer fatty acids. Can easily form compounds with different materials. Better adhesion can be achieved due to the lower thermal viscosity. It is more flexible and has a wider range of thermal stability compared to other hot melt adhesive systems. Due to its excellent chemical resistance and excellent adhesion to various substrates, it is increasingly used in the automotive industry and elsewhere. The presence of the above properties and the shift of automakers towards electric vehicles increased the demand for automotive adhesives during the forecast period.



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Market Segmentation:

Type: The market can be segmented based on the type of adhesives used in automotive applications, such as epoxy, polyurethane, acrylic, silicone, and others.

Application: The market can be segmented based on the different automotive applications where adhesives are used, such as body-in-white, interiors, exteriors, powertrain, and others.

Vehicle type: The market can be segmented based on the type of vehicles where adhesives are used, such as passenger cars, light commercial vehicles, heavy commercial vehicles, and electric vehicles.

Region: The market can also be segmented based on the different regions, such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Key Players:

Henkel AG & Co. KGaA

3M Company

Sika AG

The Dow Chemical Company

Arkema S.A.

Ashland Inc.

BASF SE

H.B. Fuller Company

PPG Industries, Inc.

Avery Dennison Corporation

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Regional Analysis:

North America: The North American region, comprising the United States and Canada, is a significant market for automotive adhesives due to the presence of major automotive manufacturers and suppliers in the region. The increasing demand for lightweight vehicles, electric vehicles, and advanced adhesives is expected to drive the growth of the market in this region.

Europe: Europe is a significant market for automotive adhesives due to the presence of major automotive manufacturers and the focus on sustainability and reducing emissions. The region has stringent regulations on vehicle emissions and safety, which are driving the demand for advanced adhesives.

Asia-Pacific: The Asia-Pacific region, comprising countries such as China, India, Japan, and South Korea, is the largest market for automotive adhesives due to the presence of major automotive manufacturers and the growing demand for lightweight and electric vehicles. The region is also witnessing significant growth in the production of electric vehicles, which is driving the demand for advanced adhesives.

Middle East & Africa: The Middle East & Africa region is a growing market for automotive adhesives due to the increasing demand for lightweight and fuel-efficient vehicles in the region. The region is also witnessing significant growth in the production of electric vehicles, which is driving the demand for advanced adhesives.

Latin America: The Latin American region is a significant market for automotive adhesives due to the growing demand for lightweight vehicles and the increasing production of electric vehicles in the region. The region is also witnessing significant growth in the construction and infrastructure sectors, which are driving the demand for adhesives in automotive applications such as interiors and exteriors.

Key Points:

Define, describe and forecast Automotive Adhesives product market by technology,resin type, vehicle type, application and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
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