The Automotive Adhesives Market Industry was valued at USD 7.10 billion in 2022 and is projected to reach USD 11.31 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.0% during the forecast period from 2023 to 2030.
The automotive industry has witnessed significant advancements in recent years, with a growing emphasis on lightweight materials and improved vehicle performance. As a result, the demand for automotive adhesives has surged, as they offer numerous benefits such as enhanced bonding strength, improved durability, and increased resistance to temperature variations.
The market's impressive growth trajectory can be attributed to several factors. Firstly, the rising adoption of electric vehicles (EVs) has propelled the need for efficient and reliable adhesives to ensure the structural integrity of these vehicles. Additionally, stringent government regulations regarding fuel efficiency and emissions have prompted automotive manufacturers to explore lightweight materials, further driving the demand for adhesives.
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Market Segmentation:
By Resin Type:
- Polyurethane
- Epoxy
- Acrylics
- Silicone
- SMP
- MMA
- Others (polysulfide, rubber, polyamide, and others)
By Application:
- Body in white
- Paint Shop
- Assembly
- Power Train
By Vehicle Type:
- Passenger cars
- LCVs
- Trucks
- Buses
- Aftermarket
By Technology
- Hot melt
- Solvent Based
- Water based
- Pressure Sensitive
- Others (Reactive and Thermosetting)
Key players:
The Key Players are Illinois Tool Works Corporation, Bostik S.A., Sika AG, 3M Company, Henkel & Co. KGaA, The DOW Chemical Company, H.B. Fuller, Jowat AG, PPG Industries, Solvay S.A & Other Players.
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Automotive Adhesives Market Industry By Resin Type
9.Emulsion Automotive Adhesives Market Industry By Technology
10.Emulsion Automotive Adhesives Market Industry By Application
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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