The global automotive adhesive market size is expected to reach US$ 7.1 billion by 2030 expanding at a CAGR of 5.1% from 2021 to 2030, owing to an increase in content of adhesives in vehicles. Rise in stringency in emission norms and consumer demand for fuel-efficient vehicles is projected to drive the adoption of adhesives in automobiles
In-vehicle Electronics and Sensors Catalyze Demand for High-tech Automotive Adhesives
Adhesives and sealants have become an indispensable part of the joining technology in automobiles. Automotive adhesives have eliminated the need to solder, bolt or weld engines onto substrates, and are being bonded securely and reliably in vehicles. Sealing and potting applications are surging in the ever-increasing automotive manufacturing industry.
In-vehicle electronics and sensors are fueling the demand for automotive adhesives. Lightweight processing of components is a recurring trend in the automotive manufacturing industry, which is another key market driver for growth. As such, there is a need for adhesives that are capable of withstanding chemicals, temperature fluctuations, and routine wear applications. The growing trend toward electromobility is anticipated to fuel the production of high-tech adhesives.
Manufacturers Gain Global Recognition with Industrial Consultation Services
Apart from cars and electric vehicles, manufacturers in the automotive adhesive market are increasing the availability of tailored products for truck, caravan, and bus manufacturers. EGO— a manufacturer of sealants and adhesives is expanding its product portfolio with tapes and low-VOC (Volatile Organic Compound) adhesives. Companies in the automotive adhesive market are manufacturing rood liner adhesives, trim adhesives, and window sealants that are being increasingly used in automotive assemblies. In order to gain global recognition, adhesive manufacturers are setting up a team of industrial consultants and application technicians that help to brainstorm over interior and exterior applications for automotive manufacturers.
Companies are delivering high quality standard in adhesives and sealants, while abiding with low VOC values and LEED (Leadership in Energy and Environmental Design) compliance. They are developing tapes that can be precisely die-cut to the shape and dimensions of an automotive part.
Weld Bond Adhesives Improve Rigidity of Vehicles and Achieve Weight Reduction
The fast-changing automotive industry has compelled companies in the automotive adhesive market to invest in R&D activities. Sunstar Engineering— a producer of adhesives, sealants, and coating products, conducts R&D at its different sites worldwide to support production processes related to the automobile manufacturing industry.
Since adhesives are an indispensable part of the automobile industry, manufacturers are innovating in adhesives that allow weight reduction in automobiles. However, thinner steel sheets in automobiles are vulnerable to damage and reduce the rigidity of vehicles. Hence, high adhesion of steel sheets helps to improve the strength of steel sheets in automobiles. Companies in the automotive adhesive market are increasing their production capacities for weld bond adhesives that are used as a combination of spot welding and adhesives. These adhesives help to ensure the vehicle body’s rigidity and strength. Weld bond adhesives are being increasingly used to strengthen single point joints in automobiles.
Self-driving Cars Pose R&D Challenges in Automotive Adhesives
The automotive adhesive market is projected to cross a revenue of US$ 7 Bn by 2030. However, constant changes in the development of hybrid cars and electric vehicles has become potentially challenging for adhesive manufacturers to keep with the changing demands of end users. Hence, it has become very important for adhesive manufacturers to increase their research expenditure, especially when the era of self-driving cars is fast approaching. Due to increased emphasis on passenger safety and comfort, manufacturers in the automotive adhesive market are providing up-to-date products that meet demanding applications.
Manufacturers are increasing the availability for smart adhesive solutions. For instance, Bostik— a global player in specialty adhesives is tapping value-grab opportunities in smart automotive adhesive solutions that are designed to enhance vehicle durability and passenger safety.
Key Players of Automotive Adhesive Market
Prominent players operating in the global automotive adhesive market include Henkel AG & Co., KGaA, Arkema S.A., DuPont, Hunstman International LLC, Sika AG, Jowat SE, Dow Inc., 3M, Ashland, H.B. Fuller Company, and Franklin International.
By Adhesive Type
By Product Type
By Vehicle Type
By Sales Channel
The Automotive adhesive market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive adhesive market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive adhesive market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive adhesive market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive adhesive market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive adhesive capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive adhesive by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive adhesive market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive adhesive market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive adhesive market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive adhesive industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Automotive adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive adhesive market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive adhesive market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive adhesive market. These factors have benefited the growth of the global market for Automotive adhesive. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive adhesive. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Automotive adhesive are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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