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    Automotive Adhesives Market | Market Size, Share & Forecast Analysis | Covid-19 Impact Analysis

    Automotive Adhesives Market | Market Size, Share & Forecast Analysis | Covid-19 Impact Analysis

    Automotive Adhesives Market | Market Size, Share & Forecast Analysis | Covid-19 Impact Analysis
    Report code - SRTI167 Delivery - 2 Weeks
    Automotive Adhesives Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Automotive Adhesives Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Automotive Adhesives Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Automotive Adhesives Market Insights

    Automotive Adhesives market is likely to witness an impressive CAGR of 5.5% during the forecast period. The ability of adhesives to reduce vehicle weight, increase fuel efficiency, and lower carbon emissions is the key factor driving the demand for automotive adhesives, globally.

    Automotive Adhesives Market - Snapshot

    Growth

    5.5% for the next five years

    Major Resin Type

    Epoxy

    Dominant Application Type

    Body in White

    Major Vehicle Type

    Passenger Car

    Region with the highest demand

    Asia-Pacific

    Key Players

    Arkema Group, DuPont, Huntsman Corporation, Henkel AG & Co.

    KGaA, H.B. Fuller Company, Sika AG, The 3M Company.

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    Market Share Analysis

    Automotive Adhesives Market Share: By Resin Type

    Based on the resin type, the market is segmented as polyurethane, epoxy, acrylic, silicone, SMP, and MMA. The polyurethane segment held the largest share of the market in 2019 and is expected to remain dominant during the forecast period. The wide use of polyurethanes in the automotive adhesives market, owing to their excellent properties, such as high elongation and stronger bonding, is driving the growth of this segment.

    Automotive Adhesives Market Share: By Application Type

    Based on the application type, the automotive adhesives market is segmented as body in white, paint shop, assembly, and powertrain. The body in white segment dominated the market in 2019, and is expected to remain dominant during the forecast period. Epoxy and polyurethanes are the majorly used products in body in white application.

    Automotive Adhesives Market Share: By Vehicle Type

    Based on the vehicle type, the market is segmented as passenger car, LCV, truck, buses, and aftermarket. The passenger car segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Increasing production of electric vehicles is expected to drive the growth of this segment during the forecast period.

    Automotive Adhesives Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing automotive adhesives market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as body in white, paint shop, assembly, and powertrain, which is generating huge demand for automotive adhesives and the presence of a large number of automotive adhesive manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Some of the major automotive adhesive manufacturers are-

    • Arkema Group
    • DuPont
    • Huntsman Corporation
    • Henkel AG & Co. KGaA
    • H.B. Fuller Company
    • Sika AG
    • The 3M Company

     

    Market Scope & Segmentation

    Automotive adhesives are the most versatile bonding agents used to make cars lighter and tougher. In the automotive market, adhesives are used to manufacture engines, body components, gear boxes, safety systems, seat systems and sub-assemblies. They also help to cut down on noise, vibration and other harshness characteristics.

    Automotive Adhesives are of different types, such as polyurethane, epoxy, acrylic, silicone, SMP, and MMA, that are used in various end-use industries, such as body in white, paint shop, assembly, and powertrain.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Automotive Adhesives Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    7

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    The automotive adhesives market is segmented into the following categories. 

    Automotive Adhesives Market Size, Share, & Forecast, by Resin Type:

    • Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Acrylic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Silicone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • SMP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • MMA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Adhesives Market Size, Share, & Forecast, by Application Type:

    • Body in White (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Paint Shop (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Assembly (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Powertrain (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Adhesives Market Size, Share, & Forecast, by Vehicle Type:

    • Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • LCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Truck (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Buses (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Adhesives Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Powertrain)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the resin types by application type. 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and Powertrain, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Automotive Adhesives Market in foreseeable future?

    The automotive adhesives market is expected to witness an impressive growth of 5.5% CAGR in the foreseeable future.

    Which type of vehicle is expected to remain dominant in the Automotive Adhesives Market?

    The passenger car segment is expected to remain the dominant vehicle type in the automotive adhesives market in the coming years.

    Who are the key players in the Automotive Adhesive Market?

    Arkema Group, DuPont, Huntsman Corporation, Henkel AG & Co. KGaA, H.B. Fuller Company, Sika AG, and The 3M Company are among the key players in the automotive adhesives market.

    Which country/region is expected to remain the largest Automotive Adhesives Market?

    Asia-Pacific is expected to remain the largest market for automotive adhesives market during the next five years.

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