Press release
Global Automotive Adhesives Market will reach USD 10.5 billion by 2028
Automotive Adhesives
Growing demand for lightweight and low pollution causing vehicles is yet another factor driving the growth of the market. Nonetheless, shortened shelf life paired with the inability to store the product for a comparatively longer period are a few factors estimated to obstruct the growth of the water-borne adhesive market.
By Type, the automotive adhesives market are sub segmented into hotmelt, Water based, solvent based and others. In 2023, Hotmelt adhesives are the largest consuming segment account for approximately 44% of the total consumption. This is mainly due to the solvent based adhesives have been replaced by the hotmelt adhesives. Hotmelt adhesives are used in variety of applications in the automotive sector.
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The growth in the market is attributed by the rise in sales of automotive adhesives owing to underlying strength in vehicle sales, technological advancements in manufacturing of automobiles, and adoption of electric vehicles. In addition, the deployment of adhesives has led to reduction of noise, vibration, and harshness vehicles, which fuels the automotive adhesives market growth.
By chemistry, the market is sub divided into PU, Epoxy, Acrylic, Silicones, SMP, Polyamide and Others. In 2023, the Polyurethane segment captured the largest share in consumption because they provide excellent bonding for both, like and dislike surfaces including plastics, rubber, glass, and metals. Polyurethane adhesives are widely used where it is required to have higher efficiency at a low operating cost due to their versatility with respect to their properties.
By Vehicle type, the automotive adhesives is sub divided into passenger car, light commercial vehicles, heavy commercial vehicles and electric vehicles. The demand for electric vehicle has also witness a significant demand from 2023-2030 mainly due to the demand for electric vehicle has also witness a significant demand owing to favorable government policies and support in terms of subsidies and grants, tax rebates and other non-financial benefits in the form of car pool lane access, and new car registration.
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Table of Contents
1. Introduction
1.1. Key Take-Aways
1.2. Report Coverage
1.2.1. Automotive Adhesives Market Size & Forecasts, By Technology
1.2.2. Automotive Adhesives Market Size & Forecasts By Chemistry
1.2.3. Automotive Adhesives Market Size & Forecasts Size by Function
1.2.4. Automotive Adhesives Market Size & Forecasts Size By Vehicle Component
1.2.5. Automotive Adhesives Market Size & Forecasts Size By Vehicle Type
1.2.6. Automotive Adhesives Market Size & Forecasts Size By Channel
1.2.7. Automotive Adhesives Market Size & Forecasts Size by Company
1.3. Stakeholders
1.4. Research Methodology
1.4.1. Market Size Estimation
1.4.1.1. Breakdown and Data Triangulation
1.4.2. Data Source
1.4.2.1. Secondary Sources
1.4.2.2. Primary Sources
2. Automotive Adhesives Market Size Forecasts By Technology
3. Automotive Adhesives Market Size Analysis, By Chemistry
3.1. Current Market Analysis
3.2. Market Forecast By Chemistry
3.3. Automotive Adhesives Market By CHEMISTRY 2023-2030 (KTPA)
4. Automotive Adhesives Price Analysis
5. Automotive Adhesives Market Size Analysis, By Function
5.1. Current Market Analysis
5.2. Market Forecast From 2023 To 2030
6. Automotive Adhesives Market Size Analysis, By Vehicle Component
6.1. Current Market Analysis 2019
6.2. Market Forecast By Application From 2023 To 2030
7. Automotive Adhesives Market Size Analysis, By Vehicle Type
7.1. CURRENT MARKET ANALYSIS
7.2. MARKET FORECAST BY VEHICLE TYPE FROM 2023 to 2030
8. Automotive Adhesives Market Size Analysis, By Channel
8.1. Current Market Analysis By Channel Type (Kt)
8.2. Market Forecast By Channel Type 2023 To 2030 (Kt)
9. Automotive Adhesives Market, By Region
9.1. Introduction
9.2. North America
9.2.1. North America Automotive Adhesive Market by Country 2023-2030 (KTPA)
9.2.2. North America Automotive Adhesive Market by Vehicle Type 2023-2030 (KTPA)
9.2.3. North America Automotive Adhesive Market by Vehicle Type 2023-2030 (USD MILLION)
9.2.4. North America Automotive Adhesive Market by Type 2023-2030 (KTPA)
9.2.5. North America Automotive Adhesive Market by Type 2023-2030 (USD MILLION)
9.2.6. North America Automotive Adhesive Market by Application 2023-2030 (KTPA)
9.2.7. North America Automotive Adhesive Market by Application 2023-2030 (USD MILLION)
9.2.8. North America Automotive Adhesive Market by Channel Type 2023-2030 (KTPA)
9.2.9. North America Automotive Adhesive Market by Channel Type 2023-2030 (USD MILLION)
9.2.10. North America Automotive Adhesive Market by Technology 2023-2030 (KTPA)
9.2.11. North America Automotive Adhesive Market by Function 2023-2030 (KTPA)
9.2.12. North America Automotive Adhesive Market by Function 2023-2030 (KTPA)
9.2.13. USA
9.2.14. Canada
9.2.15. MEXICO
9.3. EUROPE
9.3.1. Europe Automotive Adhesive Market by Country 2023-2030 (KTPA)
9.3.2. Europe Automotive Adhesive Market by Vehicle Type 2023-2030 (KTPA)
9.3.3. Europe Automotive Adhesive Market by Vehicle Type 2023-2030 (USD MILLION)
9.3.4. Europe Automotive Adhesive Market by Type 2023-2030 (KTPA)
9.3.5. Europe Automotive Adhesive Market by Type 2023-2030 (USD MILLION)
9.3.6. Europe Automotive Adhesive Market by Application 2023-2030 (KTPA)
9.3.7. Europe Automotive Adhesive Market by Application 2023-2030 (USD MILLION)
9.3.8. Europe Automotive Adhesive Market by Channel Type 2023-2030 (KTPA)
9.3.9. Europe Automotive Adhesive Market by Channel Type 2023-2030 (USD MILLION)
9.3.10. Europe Automotive Adhesive Market by Technology 2023-2030 (KTPA)
9.3.11. Europe Automotive Adhesive Market by Technology 2023-2030 (USD MILLION)
9.3.12. Europe Automotive Adhesive Market by Function 2023-2030 (KTPA)
9.3.13. Europe Automotive Adhesive Market by Function 2023-2030 (USD MILLION)
9.3.14. Germany
9.3.15. France
9.3.15.1. France Automotive Adhesive Market by Type 2023 to 2030 (KTPA)
9.3.16. UK
9.3.17. Italy
9.3.18. Rest of Europe
9.4. ASIA PACIFIC
9.4.1. Asia-Pacific Automotive Adhesive Market by Country 2023-2030 (KTPA)
9.4.2. Asia-Pacific Automotive Adhesive Market by Vehicle Type 2023-2030 (KTPA)
9.4.3. Asia-Pacific Automotive Adhesive Market by Vehicle Type 2023-2030 (USD MILLION)
9.4.4. Asia-Pacific Automotive Adhesive Market by Type 2023-2030 (KTPA)
9.4.5. Asia-Pacific Automotive Adhesive Market by Type 2023-2030 (USD MILLION)
9.4.6. Asia-Pacific Automotive Adhesive Market by Application 2023-2030 (KTPA)
9.4.7. Asia-Pacific Automotive Adhesive Market by Application 2023-2030 (USD MILLION)
9.4.8. Asia-Pacific Automotive Adhesive Market by Channel Type 2023-2030 (KTPA)
9.4.9. Asia-Pacific Automotive Adhesive Market by Channel Type 2023-2030 (USD MILLION)
9.4.10. Asia-Pacific Automotive Adhesive Market by Technology 2023-2030 (KTPA)
9.4.11. Asia-Pacific Automotive Adhesive Market by Technology 2023-2030 (USD MILLION)
9.4.12. Asia-Pacific Automotive Adhesive Market by Function 2023-2030 (KTPA)
9.4.13. Asia-Pacific Automotive Adhesive Market by Function 2023-2030 (USD MILLION)
9.4.14. China
9.4.15. Japan
9.4.16. India
9.4.17. Korea
9.4.18. South East Asia
9.5. SOUTH AMERICA
9.5.1. South America Automotive Adhesive Market by Country 2023-2030 (KTPA)
9.5.2. South America Automotive Adhesive Market by Vehicle Type 2023-2030 (KTPA)
9.5.3. South America Automotive Adhesive Market by Vehicle Type 2023-2030 (USD MILLION)
9.5.4. South America Automotive Adhesive Market by Type 2023-2030 (KTPA)
9.5.5. South America Automotive Adhesive Market by Type 2023-2030 (USD MILLION)
9.5.6. South America Automotive Adhesive Market by Application 2023-2030 (KTPA)
9.5.7. South America Automotive Adhesive Market by Application 2023-2030 (USD MILLION)
9.5.8. South America Automotive Adhesive Market by Channel Type 2023-2030 (KTPA)
9.5.9. South America Automotive Adhesive Market by Channel Type 2023-2030 (USD MILLION)
9.5.10. South America Automotive Adhesive Market by Technology 2023-2030 (KTPA)
9.5.11. South America Automotive Adhesive Market by Technology 2023-2030 (KTPA)
9.5.12. South America Automotive Adhesive Market by Function 2023-2030 (KTPA)
9.5.13. South America Automotive Adhesive Market by Function 2023-2030 (USD MILLION)
9.5.14. Brazil
9.5.15. Argentina
9.5.16. Egypt
9.5.17. Nigeria
9.6. Rest of World
9.6.1. Rest of World Automotive Adhesive Market by Vehicle Type 2023-2030 (KTPA)
9.6.2. Rest of World Automotive Adhesive Market by Vehicle Type 2023-2030 (USD MILLION)
9.6.3. Rest of World Automotive Adhesive Market by Type 2023-2030 (KTPA)
9.6.4. Rest of World Automotive Adhesive Market by Type 2023-2030 (USD MILLION)
9.6.5. Rest of World Automotive Adhesive Market by Application 2023-2030 (KTPA)
9.6.6. Rest of World Automotive Adhesive Market by Application 2023-2030 (USD MILLION)
9.6.7. Rest of World Automotive Adhesive Market by Channel Type 2023-2030 (KTPA)
9.6.8. Rest of World Automotive Adhesive Market by Channel Type 2023-2030 (USD MILLION)
9.6.9. Rest of World Automotive Adhesive Market by Technology 2023-2030 (KTPA)
9.6.10. Rest of World Automotive Adhesive Market by Technology 2023-2030 (USD MILLION)
9.6.11. Rest of World Automotive Adhesive Market by Function 2023-2030 (KTPA)
9.6.12. Rest of World Automotive Adhesive Market by Function 2023-2030 (USD MILLION)
9.7. Middle East & Africa
9.7.1. Saudi Arabia
10. COMPANY PROFILES
10.1. 3M
10.1.1. Business Overview
10.1.2. Key Financials
10.1.3. Sales Breakup
10.1.4. Recent Developments
10.2. Henkel Adhesives Technologies
10.2.1. Business Overview
10.2.2. Key Financials
10.2.3. Sales Breakup
10.2.4. Recent Developments
10.3. Illinois Tool Works
10.3.1. Business Overview
10.3.2. Key Financials
10.3.3. Sales Breakup
10.3.4. Recent Developments
10.4. Huntsman International LLC
10.4.1. Business Overview
10.4.2. Key Financials
10.4.3. Sales Breakup
10.4.4. Recent Developments
10.5. Ashland Global Specialty Chemicals Inc.
10.5.1. Business Overview
10.5.2. Key Financials
10.5.3. Sales Breakup
10.6. Sika AG
10.6.1. Business Overview
10.6.2. Key Financials
10.6.3. Sales Breakup
10.6.4. Recent Developments
10.7. Du Pont
10.7.1. Business Overview
10.7.2. Key Financials
10.7.3. Sales Breakup
10.7.4. Recent Developments
10.8. H.B. Fuller
10.8.1. Business Overview
10.8.2. Key Financials
10.8.3. Sales Breakup
10.8.4. Recent Developments
10.9. Akzo Nobel NV
10.9.1. Business Overview
10.9.2. Key Financials
10.9.3. Sales Breakup
10.9.4. Recent Developments
10.10. Wacker chemical corporation
10.10.1. Business Overview
10.10.2. Key Financials
10.10.3. Sales Breakup
10.10.4. Recent Developments
10.11. Adhesives Research Incorporated
10.11.1. Business Overview
10.12. Avery Dennison
10.13. Dow Corning Corporation
10.14. Arkema Inc.
10.15. Evonik Industries AG
10.16. Uniseal Inc
11. MARKET OVERVIEW
11.1. Introduction
11.2. Automotive Adhesives Market Forecast Under COVID-19
11.3. MARKET OVERVIEW
11.3.1. Introduction
11.3.2. Market Top Trends
11.3.2.1. Drivers for Adhesives Consumption in Automotive Industry
12. Automotive Adhesives Market Marketing Channel, Distributors, Customers and Supply Chain
12.1. Marketing Channel
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