The global automotive adhesives market is anticipated to grow at a CAGR of 7.4% during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for light-weight vehicles, increased demand for fuel-efficiency, along with lower carbon emissions. This has raised the adoption of automotive adhesives in the sector and replaced the welding & metal joints with adhesives.
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Besides, several government initiatives for boosting the overall manufacturing of lightweight vehicles are also one of the major factors that drive the growth of the market, as these vehicles have low carbon emissions and are fuel-efficient. Using modern and advanced adhesives in the automobile can reduce the weight of an automobile by around 15.0%, as per Henkel AG & Co., KGaA, one of the leading players in the market. Hence, the manufacturing of lightweight vehicles is likely to enhance the overall adhesives consumption for various applications in the industry and turn contribute to the market growth over the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global 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
Global Automotive Adhesives Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive adhesives market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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