The Germany automotive adhesives market is anticipated to grow significantly over the forecast period (2020-2026). The key aspect that drives the growth of the German automotive adhesives market includes the presence of the key automakers in the country which adopts modern technologies and products to make their vehicles efficient and light-weighted.
The growth in the domestic as well as international markets for automobiles is expected to drive the growth of the German automotive adhesives market growth. The key players operating in Germany include Henkel AG & Co. KGaA, DowDuPont Inc., Sika AG, 3M Co., H.B. Fuller Co., and Tesa SE among others.
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Additionally, there has also been a significant growth in the electric vehicles observed in Germany which also contributes to the market growth over the forecast period. The automakers are using composite and lightweight materials to manufacture the chassis, which has efficient bonding capability and provide crashworthiness along with cost optimization to the manufacturer.
As per the goal of Germany’s government, by end of 2020, the country will manufacture around 1 million electric vehicles as a part of the Germany National Electro-Mobility Development Plan. Hence, with the increased production of automobiles based in the country, the German automotive adhesives market is anticipated to increase over the forecast period.
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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
- Country Covered- Germany
- 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
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Germany 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 Vehicle Type
- 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.)
