The global automotive adhesive market is expected to expand at a CAGR of 5.4%, leading to global revenue of USD 5.45 billion by 2023.
The growth of the automotive adhesives market is driven by strong vehicle sales, technological advancements in manufacturing of automobiles, adoption of smart cars, rise in demand for sports utility vehicle and crossover utility vehicles.
Moreover, stringent regulations concerning carbon dioxide emissions drives demand for light weighting of vehicles, Improvement in fuel efficiency of automobiles and providing enhanced performance are key driving factors behind the advancement of adhesives in the automotive industry.
Water based adhesives are gaining a distinction in the adhesives market for being environment friendly. Also, silicone based adhesives are being developed because of their diverse characteristics in applications.
The changing technology of automotive adhesives means manufacturers must keep up with the trends in the market. It not only gets affected with the change in trends of adhesives but also market of automotive industry.
The automotive adhesive market is segmented based on type of resin (polyurethane, epoxy, acrylic, silicone, silyl modified polymer, polyamide and others), technology (hot melt, water based, solvent based, pressure sensitive), vehicle (passenger vehicle, light commercial vehicle, heavy commercial vehicle) and applications (white body, power train, paint shop).
Asia-Pacific is the fastest growing region for the automotive adhesives industry due to growing demand in South Korea, Japan, Malaysia, Vietnam, China, Australia and India.
- The Dow Chemical Company
- 3M Company
- H.B. Fuller Company
- Sika AG
- Hindustan Adhesives Limited
- Hexion Specialty Chemicals
- ExxonMobil Chemical
Key Topics Covered
Chapter 1. Executive Summary
Chapter 2. Automotive Adhesive Market - Market Overview
Chapter 3. North America Automotive Adhesives Market
Chapter 4. Europe Automotive Adhesives Market
Chapter 5. Asia-Pacific Automotive Adhesives Market
Chapter 6. Latin America Automotive Adhesives Market
Chapter 7. The Middle East and Africa Automotive Adhesives Market
Chapter 8. Competitive Landscape
Chapter 9. Conclusion
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