Emerging Sub-Segments Transforming the Automotive Adhesives Market Landscape

The automotive adhesives market is on track for significant expansion in the coming years, driven by technological advancements and changing industry demands. With the automotive sector evolving rapidly, the adhesives segment is adapting to support innovations in vehicle design and manufacturing processes. Let's explore the market's valuation outlook, key players, emerging trends, and segment breakdowns that define this important industry.

Projected Market Size and Growth Outlook for Automotive Adhesives
The automotive adhesives market is expected to reach a valuation of $8.49 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period. This upward trajectory is fueled by several factors, including the growing adoption of electric vehicles, the increasing focus on sustainable and low-volatile adhesives, and the rise in autonomous vehicle manufacturing. Additionally, lightweight vehicle designs and the automation of adhesive application processes are contributing to this steady growth. Key trends shaping the market include the expanded use of lightweight bonding solutions, a rise in structural adhesives specifically for electric vehicles, gradual replacement of mechanical fasteners with adhesives, broader use of adhesives in multi-material vehicle assembly, and heightened attention to crash performance and durability.

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Leading Organizations Steering the Automotive Adhesives Market
The market features a strong presence of major companies actively influencing its direction. Some of the top players include Henkel AG & Co. KGaA, 3M Company, Sika AG, H.B. Fuller Company, Arkema S.A., Dow Inc., BASF SE, Wacker Chemie AG, Evonik Industries AG, Huntsman Corporation, Solvay S.A., Lord Corporation, Illinois Tool Works Inc., Ashland Global Holdings, Inc., Permabond LLC, Master Bond Inc., Scott Bader Company Ltd., Dymax Corporation, Bostik SA, and Jowat SE.
In a notable development in June 2024, the US-based Meridian Adhesives Group acquired Bondloc UK Ltd., a company recognized for its diverse range of adhesives, sealants, and bonding products. This acquisition is intended to broaden Meridian's product portfolio and strengthen its position in delivering high-performance adhesive solutions to a wider global customer base.

Current Trends Shaping the Automotive Adhesives Industry
One prominent trend involves the development of advanced conductive adhesives designed to enhance electric vehicle battery systems. These adhesives not only improve performance but also boost safety and manufacturing efficiency.
For instance, in May 2023, Henkel introduced Loctite TLB 9300 APSi, an injectable thermally conductive adhesive aimed specifically at EV battery applications. This two-component polyurethane adhesive offers high thermal conductivity of 3 W/mK, structural bonding strength, and electrical insulation. It cures at room temperature without the use of solvents, contributing to sustainability by reducing emissions and resource consumption. This product exemplifies the industry's shift toward eco-friendly and efficient manufacturing solutions.

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Segment Overview of the Automotive Adhesives Market
This market is segmented based on several criteria for a detailed understanding of product and application areas:

By Resin Type:
- Polyurethane
- Epoxy
- Acrylics
- Silicone
- SMP (Silyl Modified Polymer)
- MMA (Methyl Methacrylate)

By Adhesive Type:
- Structural adhesives
- Tapes and films
- Threadlocks and retainers
- Liquid gaskets

By Vehicle Type:
- Passenger cars
- Light commercial vehicles (LCVs)
- Trucks
- Buses

By Application Area:
- Body-in-white (BIW)
- Glazing
- Powertrain
- Upholstery

Further subcategories include:
- Within Polyurethane: flexible and rigid polyurethane adhesives
- Within Epoxy: structural and non-structural epoxy adhesives
- Within Acrylics: reactive and non-reactive acrylic adhesives
- Within Silicone: RTV silicone and structural silicone adhesives
- SMP adhesives tailored for automotive use
- MMA adhesives designed for bonding and sealing applications

This segmentation highlights the automotive adhesives market's versatility and its role in supporting diverse vehicle manufacturing needs across multiple resin types, adhesive forms, vehicle classes, and application uses.

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This release was published on openPR.