The North American automotive adhesives market is anticipated to grow at a CAGR of 7.0% over the forecast period (2020-2026). The key aspect that drives the growth of the North American automotive adhesives market includes the high demand for commercial vehicles owing to the rising e-commerce and logistics industry in the region. Besides, the presence of large automakers such as General Motors Co., Ford Motor Co., Fiat Chrysler Automobiles among many others is further supporting the market in the region.
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The presence of the well-established chemical sector along with the wide availability of the raw materials present in the region for the manufacturing of adhesives also enhances the growth of the market. However, the outbreak of the COVID-19 has disrupted all over industries ranging from automobiles to logistics industries which had negatively impacted the growth of the North American automotive adhesives market in 2020. Nevertheless, the market is projected to witness growth over the forecast period as these key players are continuously trying to enhance their businesses as well as expanding their business in other regions by increasing vehicle exports. Hence, the aforementioned factors are likely to brace up the growth of the North American automotive adhesives market.
Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Resin Type, Adhesive Type, Application, Vehicle Type, and Sales Channel
- Region Covered- North America
- Competitive Landscape- 3M Co., BASF SE, Dow Inc., Henkel AG & Co., KGaA, Solvay SA, Akzo Nobel NV, Arkema SA, Ashland Global Specialty Chemicals Inc., Franklin International, H.B. Fuller Co., and Huntsman International LLC
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North America Automotive Adhesives Market – Segmentation
By Resin Type
- Polyurethanes
- Polyamide
- Acrylics
- Silicone
- Epoxy
- SMP
- MMA
- Others
By Adhesive Type
- Tapes & Films
- Liquid Gasket
- Structural
- Thread-Locks & Retainers
- Others
By Application
- Assembly
- Body in White (BIW)
- Glazing
- Paint
- Upholstery
- Others
By Application
- Passenger Vehicle
- Two-Wheeler
- Commercial Vehicle
By Sales Channel
- OEM & Auto-Ancillaries
- Aftermarket/Retail
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
