Automotive Adhesive Market: Trends, Forecast and Competitive Analysis

The future of the global automotive adhesive market looks promising with opportunities in passenger car and light commercial vehicles. The global automotive adhesive market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $11.5 billion by 2025 with a CAGR of 4% to 6% from 2020 to 2025. The major drivers for this market are increasing demand for lightweight materials in vehicle manufacturing and replacement of mechanical fasteners with adhesives to make vehicles lighter and to meet higher fuel economy requirements.

 

Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of composites and lightweight materials in vehicles and new silicone-based electrically conductive adhesives in various automotive applications, and increasing applications of two component polyurethane adhesives. Henkel, 3M, Sika, Arkema, and HB Fuller are the major manufacturer of automotive adhesive. 
 

A total of 185 figures / charts and 157 tables are provided in this 247 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of automotive adhesive market report download the report brochure. 
 

 

Automotive adhesive opportunities have evolved through number of stages as presented in figure below:
 

Evolution of Automotive Adhesive Opportunities



 

In this market, polyurethane is the largest resin type of automotive adhesive, whereas exterior is largest in application.  Growth in various segments of the automotive adhesive market are given below:
 

Automotive Adhesive Market by Segments


 

 

By Resin Type [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:

By Vehicle Type [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:

By Application [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:

By Structure [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:

By Region [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:

Some of the automotive adhesive companies profiled in this report include Henkel, 3M, Sika, Arkema, HB Fuller, and others.  
 

Lucintel forecasts that polyurethane adhesive will remain the largest segment due to its low price, durability, and performance.

Within this market, adhesives for passenger car will remain the largest segment due to the growth in production of small and compact cars.

 

Asia Pacific will remain the largest market and it is also expected to  witness the highest growth over the forecast period due to growth in automotive industry in China, Japan, India, and other Asian countries.
 

Some of the features of “Automotive adhesive Market Report: Trends, Forecast and Competitive Analysis” include:

This report answers the following 11 key questions:
 

Q.1. What are some of the most promising, high-growth opportunities for the automotive adhesive market by resin type (epoxy, polyurethane, acrylic and others), vehicle type (passenger car and light commercial vehicle), application (interior and exterior), structure (structural and non-structural), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why? 

Q.3. Which region will grow at a faster pace and why? 

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market? 

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them? 

Q.7. What are some of the changing demands of customers in the market? 

Q.8. What are the new developments in the market? Which companies are leading these developments? 

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth? 

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Report Scope

Key Features	Description
Base Year for Estimation	2019
Trend Period (Actual Estimates)	2014-2019
Forecast Period	2020-2025
Market Segments	By resin type (epoxy, polyurethane, acrylic and others), By vehicle type (passenger car and light commercial vehicle), By application (interior and exterior), and By structure (structural and non-structural)
Pages	247
Market Representation	Revenue in US $ Billion
Regional Scope	North America (USA, Mexico, Canada), Europe (Germany, Spain, France, Russia, UK, and Italy), Asia (China, Japan, India, South Korea, and Thailand), and ROW (Brazil, Turkey, and South Africa)
Report Coverage	Market Trends & Forecast, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Customization	10% Customization Without any Additional Cost