Global Automotive Adhesives Market | Industry Trends and
Forecast to 2026
Global
Automotive
Adhesives Market By Resin Type (Polyurethane, Epoxy, Acrylic, Silicone, SMP,
Polyamide), Vehicle Type (Passenger Car, Buses, Heavy Trucks, LCV) Application
(Body in White (BIW), Powertrain, Paint Shop, Assembly), Technology (Hot melt,
Solvent based, Water based, Pressure sensitive, Others), Geography (North
America, South America, Europe, Asia-Pacific, Middle East and Africa) –
Industry Trends and Forecast to 2026
Market Analysis: Global Automotive Adhesives Market
Global
Automotive Adhesives Market is expected to rise from its initial estimated
value of USD 4.90 billion in 2018 to an estimated value of USD 9.07billion by
2026, registering a CAGR of 8% in the forecast period of 2019-2026. This rise
in market value can be attributed to the high demand for lightweight and low
carbon emitting vehicles
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Key
Market Competitors:
Few
of the major competitors currently working in automotive adhesives market are
3M (US), Bostik (US), Ashland (US), BASF SE (Germany), Bemis Associates
Inc(US), DuPont (US), Covestro AG (Germany), EMS-CHEMIE HOLDING AG (Europe),
H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), Huntsman
International LLC. (US), Illinois Tool Works Inc. (US), Permatex (US), LORD
Corporation (US). NITTO DENKO CORPORATION (Japan), Royal Adhesives &
Sealants (USA), RPM International Inc. (US), Trademark of Dow US), ThreeBond
Holdings Co. (US), Wacker Chemie AG (Germany), and others.
Segmentation: Global Automotive Adhesives Market
·
By Resin Type
o Polyurethane
o Epoxy
o Acrylic
o Silicone
o SMP
o Polyamide
·
By Vehicle Type
o Passenger
Car
o Buses
o Heavy
Trucks
o LCV
·
By Application
o Body
in White (BIW)
o Powertrain
o Paint
Shop
o Assembly
·
By Geography
o North
America
o US.
o Canada
o Mexico
o South
America
o Brazil
o Argentina
o Rest
of South America
o Europe
o Germany
o France
o United
Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest
of Europe
o Asia-Pacific
o Japan
o China
o South
Korea
o India
o Australia
o Singapore
o Thailand
o Malaysia
o Indonesia
o Philippines
o Rest
of Asia Pacific
o Middle
East & Africa
o South
Africa
o Egypt
o Saudi
Arabia
o United
Arab Emirates
o Israel
o Rest
of Middle East & Africa
Key
Developments in the Market:
·
In September 2017, H.B. Fuller Company announced that, they
Acquire Royal Adhesives and Sealants, this acquisition accelerates realization
of our 2020 strategic objective to focus and grow in engineering adhesives and
other highly specified market segments.
·
In August 2017, Huntsman Corporation announced that they
showcase high-performance products designed to address automotive challenges at
the Society.
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Competitive
Analysis:
Global automotive
adhesives market is highly fragmented and the major players have used various
strategies such as new product launches, expansions, agreements, joint
ventures, partnerships, acquisitions, and others to increase their footprints
in this market. The report includes market shares of automotive adhesives
market for Global, Europe, North America, Asia-Pacific, South America and
Middle East & Africa.
Market Definition: Global Automotive Adhesives Market
Adhesives
are the most versatile bonding agents available today and are used by
automakers to make cars lighter and tougher. Adhesives are made from precise
blends of synthetic rubber elastomers, resins and agents or additives used to
enhance certain characteristics, depending on the end use. There is a growing
demand for adhesives in passenger cars, buses, heavy trucks and LCV vehicles,
which is expected to drive the market over the forecast period.
Market
Drivers:
·
Growing demand from the automotive industry in Asia Pacific,
this significant act as a driver for the market.
·
Technological advancements in automotive adhesives, this
significant act as a driver for the market.
Market
Restraints:
·
Volatility in raw material prices, this act as restraints for
the automotive adhesives market.
Research Methodology: Global Automotive Adhesives Market
Data
collection and base year analysis is done using data collection modules with
large sample sizes. The market data is analysed and forecasted using market
statistical and coherent models. Also market share analysis and key trend
analysis are the major success factors in the market report. To know more
please Request an Analyst Call or
can drop down your inquiry.
The
key research methodology used by DBMR Research team is data
triangulation which involves data mining, analysis of the impact of data
variables on the market, and primary (industry expert) validation. Apart from
this, other data models include Vendor Positioning Grid, Market Time Line
Analysis, Market Overview and Guide, Company Positioning Grid, Company Market
Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor
Share Analysis. To know more about the research methodology, drop in an inquiry
to speak to our industry experts.
Key
Insights in the report:
·
Complete and distinct analysis of the market drivers and
restraints
·
Key market players involved in this industry
·
Detailed analysis of the market segmentation
·
Competitive analysis of the key players involved
Market Definition: Global Automotive Adhesives Market
Adhesives
are the most versatile bonding agents available today and are used by
automakers to make cars lighter and tougher. Adhesives are made from precise
blends of synthetic rubber elastomers, resins and agents or additives used to
enhance certain characteristics, depending on the end use. There is a growing
demand for adhesives in passenger cars, buses, heavy trucks and LCV vehicles,
which is expected to drive the market over the forecast period.
Market
Drivers:
·
Growing demand from the automotive industry in Asia Pacific,
this significant act as a driver for the market.
·
Technological advancements in automotive adhesives, this
significant act as a driver for the market.
Market
Restraints:
·
Volatility in raw material prices, this act as restraints for
the automotive adhesives market.
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