Press release
Automotive Adhesives Global Market Report: Growth, Market Size, Competition Status, Forecast 2024-2030
Automotive adhesive is a kind of adhesives for automotive body, powertrain, repair, assembly, etc., may be used interchangeably with glue, cement, mucilage, or paste, and can be connected together with one or two or more homogeneous or heterogeneous parts (or material) with sufficient strength after curing organic or inorganic, natural or synthetic, a class of substances can be divided according to different raw materials, Epoxy, Acrylic, Polyurethane, Polyamide, etc.
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https://www.qyresearch.com/reports/3290530/automotive-adhesives
Automotive adhesive is a kind of adhesives for automotive body, powertrain, repair, assembly, etc., may be used interchangeably with glue, cement, mucilage, or paste, and can be connected together with one or two or more homogeneous or heterogeneous parts (or material) with sufficient strength after curing organic or inorganic, natural or synthetic, a class of substances can be divided according to different raw materials, Epoxy, Acrylic, Polyurethane, Polyamide, etc.
Automotive Adhesives Market Summary
According to the new market research report "Automotive Adhesives- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Automotive Adhesives market size is projected to reach USD 6.74 billion by 2030, at a CAGR of 3.5% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Automotive Adhesives include Henkel, Sika, Arkema Group, 3M, Illinois Tool Works, Huitian Adhesive, ThreeBond, Uniseal, Sunstar, H.B.Fuller, etc. In 2023, the global top five players had a share approximately 62.0% in terms of revenue.
Automotive Adhesives Market Dynamics
Market Drivers:
Growing Demand for Lightweight Vehicles: The automotive industry is increasingly focused on manufacturing lightweight vehicles to improve fuel efficiency and reduce emissions. Adhesives play a crucial role in bonding dissimilar materials like aluminum, composites, and plastics, which are commonly used in lightweight vehicle construction. This trend drives the demand for automotive adhesives as they offer a viable alternative to traditional mechanical fastening methods, reducing vehicle weight and enhancing fuel efficiency.
Increased Adoption of Electric Vehicles (EVs): The global shift towards electric mobility has accelerated the demand for automotive adhesives. EVs require specific adhesives for battery assembly, thermal management, and bonding lightweight materials to compensate for the weight of battery packs. The rise in EV production is expected to significantly boost the demand for advanced adhesives that meet the specific requirements of electric vehicle manufacturing.
Restraint:
Volatile Raw Material Prices: The automotive adhesive market is highly dependent on petrochemical-based raw materials, which are subject to price fluctuations due to changes in crude oil prices, supply chain disruptions, and geopolitical factors. These price volatilities can impact the production cost of adhesives, affecting market profitability and stability.
Stringent Environmental and Safety Regulations: While environmental regulations drive the demand for adhesives, they also impose restrictions on the use of certain chemicals and volatile organic compounds (VOCs) in adhesive formulations. Compliance with these regulations can increase production costs and limit the development of certain adhesive types, posing a challenge for manufacturers.
Opportunity:
Expansion of EV and Hybrid Vehicle Market: The rapid growth of the electric vehicle market presents significant opportunities for automotive adhesives, particularly in battery assembly, powertrain, and thermal management applications. Developing specialized adhesives that meet the unique demands of EVs can open new revenue streams for adhesive manufacturers.
Development of Bio-based and Sustainable Adhesives: With increasing environmental awareness, there is a growing demand for eco-friendly and sustainable adhesive solutions. Developing bio-based adhesives with low VOC content and reduced environmental impact can cater to the automotive industry's sustainability goals and regulatory requirements.
Increased Use of Composites and Advanced Materials: The automotive industry's shift towards using advanced materials such as carbon fiber composites and high-strength plastics creates opportunities for specialized adhesives. These adhesives can be tailored to bond advanced materials effectively, providing enhanced performance, durability, and weight reduction benefits.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Automotive Adhesives market is segmented as below:
By Company
Henkel
Sika
Arkema Group
3M
Illinois Tool Works
Huitian Adhesive
ThreeBond
Uniseal
Sunstar
H.B.Fuller
PPG
Parker Hannifin
Unitech
Jowat
DuPont
Darbond
Segment by Type
Urethane
Epoxy
Acrylic
Others
Segment by Application
Body-in-White
Interior & Exterior
Assembly
Aftermarket
Each chapter of the report provides detailed information for readers to further understand the Automotive Adhesives market:
Chapter 1: Introduces the report scope of the Automotive Adhesives report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Automotive Adhesives manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Automotive Adhesives market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Automotive Adhesives in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Automotive Adhesives in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Automotive Adhesives competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Automotive Adhesives comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Automotive Adhesives market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Automotive Adhesives- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Automotive Adhesives Market Insights, Forecast to 2030
Global Automotive Adhesives Market Research Report 2024
Global Automotive Adhesives Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
Global Automotive Adhesives Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Automotive Adhesives - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global SMP Automotive Adhesive Market Insights, Forecast to 2030
SMP Automotive Adhesive - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global SMP Automotive Adhesive Market Research Report 2024
Global Automotive Adhesive Tapes Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
Global Automotive Adhesive Tapes Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Global Automotive Adhesive Tapes Market Insights, Forecast to 2030
Automotive Adhesive Tapes - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Automotive Adhesive Tapes Market Research Report 2024
Global Epoxy Automotive Adhesives Market Insights, Forecast to 2030
Epoxy Automotive Adhesives - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Epoxy Automotive Adhesives Market Research Report 2024
Global Acrylic Automotive Adhesives Market Insights, Forecast to 2030
Global Automotive Adhesives Sealant Market Insights, Forecast to 2030
Acrylic Automotive Adhesives - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
E-mail: global@qyresearch.com
Tel: 001-626-842-1666(US) 0086-133 1872 9947(CN)
EN: https://www.qyresearch.com
JP: https://www.qyresearch.co.jp
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting (data is widely cited in prospectuses, annual reports and presentations), industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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