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Automotive Adhesives Market Report | Covid-19 Impact Analysis
The Automotive Adhesives Market is Segmented by Resin Type (Polyurethane, Epoxy, Acrylic, Silicone, SMP, MMA, and Others), by Application Type (Body in White, Paint Shop, Assembly, and Powertrain), by Vehicle Type (Passenger Car, LCV, Truck, Buses, and Aftermarket), ), and by Region (North A...
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 statergy 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 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.
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Automotive Adhesives Market - Snapshot |
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Growth |
5.5% for the next five years |
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Major Resin Type |
Epoxy |
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Dominant Application Type |
Body in White |
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Major Vehicle Type |
Passenger Car |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Arkema Group, DuPont, Huntsman Corporation, Henkel AG & Co. KGaA, H.B. Fuller Company, Sika AG, The 3M Company. |
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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.
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.
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.
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.
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Some of the major automotive adhesive manufacturers are-
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.
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Automotive Adhesives Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
7 |
The automotive adhesives market is segmented into the following categories.
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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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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].
The automotive adhesives market is expected to witness an impressive growth of 5.5% CAGR in the foreseeable future.
The passenger car segment is expected to remain the dominant vehicle type in the automotive adhesives market in the coming years.
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.
Asia-Pacific is expected to remain the largest market for automotive adhesives market during the next five years.
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