Automotive Adhesives Market Share, Trend, High Hopes for Market Size Growth, Future Revenues, Key Players, Region and Forecast: 2021-2030

As per the new Research report published by Allied Market Research, Global Automotive Adhesives Market size was $4.7 billion in 2020 and is expected to reach $8.4 billion by 2030, registering at a CAGR of 5.9% from 2021 to 2030. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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Rise in sales of automotive adhesives owing underlying strength in vehicle sales, technological advancements in manufacturing of automobiles, and adoption of smart cars drive the growth of the global automotive adhesives market. However, rise in raw material prices and effect of recession on end-use industries restrain the growth to some extent. On the other hand, growth in demand for automotive adhesives in Asia-Pacific present new opportunities in the upcoming years. The report offers detailed segmentation of the global automotive adhesives market based on product resin type, technology, application, and region.

Based on resin type, the polymide segment held the highest market share in 2020, holding nearly one-fourth of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the acrylics segment is estimated to register the highest CAGR of 7.1% from 2021 to 2030.

As per report automotive adhesives market based on technology, the water based segment held the largest market share in 2020, holding nearly half of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the solvent based segment is projected to register the highest CAGR of 6.7% from 2021 to 2030.

The global automotive adhesives market is segmented on the basis of resin type, technology, application, vehicle type, and region. On the basis of resin type, the market is classified into polyurethanes, epoxy, acrylics, silicone, SMP, polyamide, and others (rubber and phenolic). By technology, it is categorized into hot melt, solvent based, water based, pressure sensitive, and others (reactive and thermosetting). Depending on application, it is divided into body-in-white, power train, paint shop, and assembly. As per vehicle type, it is fragmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding more than two-fifths of the global automotive adhesives market, and is estimated to continue its dominant share by 2030. Moreover, the same region is projected to manifest the fastest CAGR of 6.5% during the forecast period.

The Asia-Pacific automotive adhesives market caters to the high demand for automotive adhesives due to emerging application sectors in automotive sector as they provide safety, stiffness and design flexibility in the vehicles. This factor is supported by massive utilization and manufacturing in China, Japan, Korea, India, and others. The market is driven by rapid industrialization and heavy investment in automotive sector.

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Key players in the global automotive adhesives market are:

Henkel & Co. KGaA
Bostik S.A.
3M Company
The DOW Chemical Company
Sika AG
H.B. Fuller
PPG Industries
Jowat AG
Illinois Tool Works Corporation
Solvay S.A.

By Resin Type
Polyurethane
Epoxy
Acrylics
Silicone
SMP
Polyamide
Others (Rubber and Phenolic Adhesives)
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By Technology
Hot melt
Solvent Based
Water based
Pressure Sensitive
Others (Reactive and Thermosetting)
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By Vehicle Type
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
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By Application
Body-in-White (BIW)
Powertrain
Paint Shop
Assembly

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Key benefits for Stakeholders

This report provides a detailed quantitative analysis of the current global automotive adhesives market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
An in-depth global automotive adhesives market analysis of various countries in this region is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the global automotive adhesives market is provided.
Region-wise and country-wise market conditions are comprehensively analyzed in this report.
The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value and volume.
An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global automotive adhesives market.

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