Global Automotive Adhesives Market
Chemicals

What Are The 5 Takeaways From The Automotive Adhesives Market Overview 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The automotive adhesives market size has grown strongly in recent years. It will grow from  $5.36 billion in 2023 to $5.72 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%.  The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in world population, government support for the automobile industry, growing preference towards enhanced user comfort, safety and convenience and increasing focus on light weighting (vehicle weight reduction). The automotive adhesives market size is expected to see strong growth in the next few years. It will grow to  $7.49 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.  The growth in the forecast period can be attributed to global population growth and urbanization, rapid growth in ecommerce, favorable government initiatives and focus on electric vehicles (Evs). Major trends in the forecast period include focusing on eco-friendly automotive adhesives, focusing on water-based automotive adhesives, leveraging aluminum adhesive technologies, implementing 3d vision systems and leveraging new technologies for dispensing and preactivation.

The surge in demand for lightweight, low-carbon-emitting vehicles is anticipated to drive the growth of the automotive adhesives market. Stricter emissions regulations, stemming from increased exhaust emissions, have prompted automobile manufacturers to prioritize the production of lightweight vehicles to mitigate CO2 emissions. Automotive adhesives play a crucial role in replacing traditional fastening methods, such as nuts, bolts, rivets, and welding, making vehicles both lighter and sturdier. This not only enhances fuel efficiency but also reduces emissions. For example, Trading Economics reported that around 12.8 million autos and light trucks were sold in the USA in November 2021. Consequently, the escalating demand for lightweight and low-carbon-emitting vehicles is poised to propel the automotive adhesives market. As of 2023, this market aligns with the described trends, reflecting the sales figures mentioned.

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What Are The Key Trends That Influence Automotive Adhesives Market Share Analysis?

The launch of new adhesives is a notable trend in the automotive adhesives market. New product introductions help manufacturers expand their portfolios and boost market share. For example, in October 2021, Arkema launched a new range of high-performance anaerobic adhesives. These adhesives offer engineers cost-effective alternatives to mechanical fastening solutions like washers and gaskets, addressing the challenges of stringent environmental regulations, complex designs, and faster processes in the automotive industry and general assembly.

Which Market Players Are Driving Growth In The Automotive Adhesives Market?

Major companies operating in the market are Henkel & Co. KGaA, 3M Company, Arkema, Sika AG, H.B. Fuller, Illinois Tool Works Inc, PPG Industries, Dow Inc, Avery Dennison, Huntsman, Benson Polymers Limited, Acme Corp, Chadha Corporation Pvt. Ltd, Adfast Polymers, Proten Exim Private Limited, Hunan Magpow Adhesive Group Co. Ltd, Wuhan Boli Chemical Ltd, Zibo Chico International Co. Ltd, Tengxin Chuzhou New Material Co. Ltd, Megabond (Huangshan) Adhesive Co. Ltd, Shanghai Hansi Industrial Co. Ltd, Beijing Comens New Materials Co. Ltd, Japan Sika Corporation, Henkel Japan Ltd, Dow Chemical Japan Ltd, Afinitica, ITAC Adhesives, Bostik UK, Antala Ltd, tesa SE, NPT SRL, Permabond, Grupa Azoty Zaklady Chemiczne Police S.A, MD Poland, RUSTA LLC, Russian Coatings JSC, LIKK, Alloy Products, Amazing Goop, AssureCure, Bondmaster, Camie, Chem-Calk, Chemseal, Chipbonder, ConProTec, Conap, Conapoxy, Cytec, Devcon, Double/Bubble, Dow Corning, Dymax, Dynaloy, E-Max, Eccobond, Eclectic, EconoDot, Elastoplastic, Ellsworth, Emerson & Cuming, Epoxi-Patch, FISHMAN, Oasn Me Ltd, Amazonas Industria E Comercio Ltd, Hotmelt Adhesives, Fixa Tudo, Jowat SE.

How Is The Global Automotive Adhesives Market Segmented?

The automotive adhesives market covered in this report is segmented –

1) By Resin Type: Polyurethane, Epoxy, Acrylics, Silicone, SMP, MMA, Other Resin Types
2) By Adhesive Type: Structural, Tapes And Films, Threadlocks And Retainers, Liquid Gaskets, Automotive Adhesives
3) By Vehicle Type: Passenger Cars, LCVs, Trucks, Buses, Aftermarket
4) By Application: BIW, Glazing, Powertrain, Paint Shops, Upholstery

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The Automotive Adhesives Global Market Report 2024 provides an overview of the automotive adhesivesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive adhesives market forecast analyzes automotive adhesives market size, automotive adhesives market share, leading competitor and their market positions.

The Table Of Content For The Automotive Adhesives Market Include

1. Automotive Adhesives Market Executive Summary
2. Automotive Adhesives Market Segments
3. Automotive Adhesives Market Size And Template Market Growth Rate
4.  Key Automotive Adhesives Market Trends
5. Major Automotive Adhesives Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Adhesives Market
26. Top Automotive Adhesives Companies
27. Automotive Adhesives Market Opportunities And Strategies
28. Automotive Adhesives Market, Conclusions And Recommendations
29. Appendix

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