In order to estimate the current size of the automotive adhesives market, the study covered four primary actions. In-depth secondary research was conducted to gather data on the parent market, peer market, and market. The following stage involved conducting primary research to confirm these conclusions, hypotheses, and sizing with industry experts throughout the value chain. A combination of top-down and bottom-up methods was used to assess the overall market size. The sizes of the various market segments and subsegments were then estimated using the market breakdown and data triangulation techniques.
A number of parties are involved in the automotive adhesives business, including suppliers of raw materials, processors, manufacturers of finished goods, and regulatory bodies. The use of resin types like silicone, SMP, polyurethane, epoxy, acrylic, methyl methacrylate, and other resins like polysulfide, rubber, and polyamide characterizes the demand side of this industry. Industry experts from a variety of companies and organizations active in the market, including CEOs, vice presidents, directors of marketing, technology, and innovation, and associated important executives, comprised the supply side. To gather both qualitative and quantitative data, a range of primary sources from the supply and demand sides of the market were questioned.
A wide range of secondary sources, directories, and databases, including Factiva, BusinessWeek, Bloomberg, ICIS, and OneSource, were consulted for this research report in order to find and gather data for the technical, commercial, and market-oriented analysis of the automotive adhesives market. Annual reports, press releases, investor presentations, white papers, certified publications, articles by renowned authors, authorized directories, and databases were among the secondary sources.
The segmentation coverage of the study is provided below.
Automotive Adhesives Market based on Resin:
- Acrylic
- Cyanoacrylate
- Epoxy
- Polyurethane
- Silicone
- VAE/EVA
Automotive Adhesives Market based on Technology:
- Hot Melt
- Reactive
- Sealants
- Solvent-borne
- UV Cured Adhesives
- Water-borne
Automotive Adhesives Market based on Geography:
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
In order to expand their product lines, major market players are heavily investing in research and development, which will propel the automotive adhesives market’s growth. In order to expand their global presence, market players are also implementing a variety of strategic measures, including the introduction of new products, signing contracts, merging with other companies, investing more, and working together. For competitors in the automotive adhesives market to grow and thrive in a climate that is becoming more and more competitive, they must provide affordable products.
The key market players are heavily funding research and development in order to grow their product lines, which will propel the automotive adhesives market. In addition to major industry developments such as new product launches, contracts, mergers and acquisitions, higher investments, and partnerships with other companies, market players are also engaging in a range of strategic initiatives to broaden their reach. In order to survive and expand in an increasingly cutthroat market, rivals in the automotive adhesives sector need to provide reasonably priced goods.
One of the primary strategies used by manufacturers in the Automotive Adhesives sector to serve customers and increase market share is local manufacturing in order to reduce operational costs. Some of the most significant benefits have recently been brought to medicine by the automotive adhesives business. By supporting R&D projects, major players in the automotive adhesives industry, such as 3M (US), Henkel & Co. KGaA (Germany), H.B. Fuller Company (US), BASF SE (Germany), Bostik (US), and others, are trying to boost market demand.
Additionally, Henkel is a company that works in the adhesive technology, beauty care, and laundry and home care industries. It provides cleaning solutions for bathroom and WC applications, hair cosmetics, body, skin, and dental care items, fabric softeners, laundry performance enhancers, laundry care products, dishwashing products, and heavy-duty and specialty detergents.
Government regulations and manufacturer investments aimed at producing lightweight and comfortable vehicles that meet consumer demands in the automotive sector are expected to propel the global automotive adhesives market upwards during the forecast period.
Automotive adhesives are utilized for a variety of applications, including dashboards, headlamps, spoilers, tailgates, side skirts, bumpers, and jointing seats. In the automotive industry, they are also utilized for bonding more modern materials such coated metals and aluminum. Adhesive bonding replaces traditional connecting methods including welding, riveting, and bolting, making the vehicles safer, more robust, and noiseless. Because there are many different suppliers and manufacturers in the Asia-Pacific automotive adhesive industry, there are many profitable chances for major firms. Other elements that drive market growth include the economy’s rapid development, consumers’ rising purchasing power, and the expansion of transportation infrastructure. One important element contributing to the market’s growth is the growing inclination of industrialists to locate their manufacturing facilities in China and India. Because of the significant automobile production facilities operated by multinational OEMs in China and India, the Asia-Pacific region held the biggest market share in 2020 and dominated the automotive adhesive industry.
The shifting customer preferences toward electric and hybrid vehicles will produce a major revenue contribution from automotive adhesive applications for upholstery and powertrain. The fact that structural automotive adhesives are more effective than conventional spot-welding techniques is another aspect propelling the market’s expansion. The main factors driving demand in the automotive adhesives market are rising sales of luxury vehicles with upscale interiors and widespread lightweighting tendencies in the aerospace and automotive sectors.
- This report illustrates the most vital attributes of the Automotive Adhesives Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Automotive Adhesives Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Automotive Adhesives Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Automotive Adhesives Market.
List of Tables
TABLE 1. AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 2. AUTOMOTIVE ADHESIVES MARKET VALUE FOR ACRYLIC, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 3. AUTOMOTIVE ADHESIVES MARKET VALUE FOR CYANOACRYLATE, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 4. AUTOMOTIVE ADHESIVES MARKET VALUE FOR EPOXY, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 5. AUTOMOTIVE ADHESIVES MARKET VALUE FOR POLYURETHANE, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 6. AUTOMOTIVE ADHESIVES MARKET VALUE FOR SILICONE, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 7. AUTOMOTIVE ADHESIVES MARKET VALUE FOR VAE/EVA, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 8. AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 9. AUTOMOTIVE ADHESIVES MARKET VALUE FOR HOT MELT, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 10. AUTOMOTIVE ADHESIVES MARKET VALUE FOR REACTIVE, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 11. AUTOMOTIVE ADHESIVES MARKET VALUE FOR SEALANTS, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 12. AUTOMOTIVE ADHESIVES MARKET VALUE FOR SOLVENT-BORNE, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 13. AUTOMOTIVE ADHESIVES MARKET VALUE FOR UV CURED ADHESIVES, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 14. AUTOMOTIVE ADHESIVES MARKET VALUE FOR WATER-BORNE, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 15. NORTH AMERICA AUTOMOTIVE ADHESIVES MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 16. NORTH AMERICA AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 17. NORTH AMERICA AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 18. U.S AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 19. U.S AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 20. CANADA AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 21. CANADA AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 22. MEXICO AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 23. MEXICO AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 24. EUROPE AUTOMOTIVE ADHESIVES MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 25. EUROPE AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 26. EUROPE AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 27. GERMANY AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 28. GERMANY AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 29. U.K AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 30. U.K AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 31. FRANCE AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 32. FRANCE AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 33. ITALY AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 34. ITALY AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 35. SPAIN AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 36. SPAIN AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 37. ROE AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 38. ROE AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 39. ASIA PACIFIC AUTOMOTIVE ADHESIVES MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 40. ASIA PACIFIC AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 41. ASIA PACIFIC AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 42. CHINA AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 43. CHINA AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 44. INDIA AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 45. INDIA AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 46. JAPAN AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 47. JAPAN AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 48. REST OF APAC AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 49. REST OF APAC AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 50. LATIN AMERICA AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 51. LATIN AMERICA AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 52. BRAZIL AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 53. BRAZIL AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 54. ARGENTINA AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 55. ARGENTINA AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 56. MIDDLE EAST AND AFRICA AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 57. MIDDLE EAST AND AFRICA AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 58. SAUDI ARABIA AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 59. SAUDI ARABIA AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 60. UAE AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 61. UAE AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 62. REST OF MIDDLE EAST AND AFRICA AUTOMOTIVE ADHESIVES MARKET VALUE, BY RESIN, 2021-2030 (USD BILLION)
TABLE 63. REST OF MIDDLE EAST AND AFRICA AUTOMOTIVE ADHESIVES MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 64. 3M (US): FINANCIALS
TABLE 65. 3M (US): PRODUCTS & SERVICES
TABLE 66. 3M (US): RECENT DEVELOPMENTS
TABLE 67. HENKEL & CO. KGAA (GERMANY): FINANCIALS
TABLE 68. HENKEL & CO. KGAA (GERMANY): PRODUCTS & SERVICES
TABLE 69. HENKEL & CO. KGAA (GERMANY): RECENT DEVELOPMENTS
TABLE 70. H.B. FULLER COMPANY (US): FINANCIALS
TABLE 71. H.B. FULLER COMPANY (US): PRODUCTS & SERVICES
TABLE 72. H.B. FULLER COMPANY (US): RECENT DEVELOPMENTS
TABLE 73. BASF SE (GERMANY): FINANCIALS
TABLE 74. BASF SE (GERMANY): PRODUCTS & SERVICES
TABLE 75. BASF SE (GERMANY): RECENT DEVELOPMENTS
TABLE 76. BOSTIK (US): FINANCIALS
TABLE 77. BOSTIK (US): PRODUCTS & SERVICES
TABLE 78. BOSTIK (US): RECENT DEVELOPMENTS
TABLE 79. ILLINOIS TOOL WORKS INC. (US): FINANCIALS
TABLE 80. ILLINOIS TOOL WORKS INC. (US): PRODUCTS & SERVICES
TABLE 81. ILLINOIS TOOL WORKS INC. (US): RECENT DEVELOPMENTS
TABLE 82. DOWDUPONT (US): FINANCIALS
TABLE 83. DOWDUPONT (US): PRODUCTS & SERVICES
TABLE 84. DOWDUPONT (US): RECENT DEVELOPMENTS
TABLE 85. SIKA AG (SWITZERLAND): FINANCIALS
TABLE 86. SIKA AG (SWITZERLAND): PRODUCTS & SERVICES
TABLE 87. SIKA AG (SWITZERLAND): RECENT DEVELOPMENTS
TABLE 88. PPG INDUSTRIES (US): FINANCIALS
TABLE 89. PPG INDUSTRIES (US): PRODUCTS & SERVICES
TABLE 90. PPG INDUSTRIES (US): RECENT DEVELOPMENTS
TABLE 91. SOLVAY S.A (BELGIUM): FINANCIALS
TABLE 92. SOLVAY S.A (BELGIUM): PRODUCTS & SERVICES
TABLE 93. SOLVAY S.A (BELGIUM): RECENT DEVELOPMENTS
