Report Ocean has released a new report on the global automotive adhesives market report, which contains information on many factors such as market constraints, drivers and opportunities. In addition, the report provides an in-depth review of industry developments and market trends affecting the growth of the global automotive adhesives market.
In 2021, the global automotive adhesives market is worth 3.771 billion U.S. dollars. It is expected to grow at a compound annual growth rate of 5.4% from 2021 to 2027 and reach 5.459 billion U.S. dollars by 2027.
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Adhesives are used to bond most composite and plastic materials to lightweight parts. They are known for improving stress distribution and connecting similar and different substrates (steel and aluminum parts) to reduce vehicle weight. Adhesives are the most versatile adhesives available today, and automakers use it to make cars lighter and stronger.
In addition, the adhesive is made by accurately mixing synthetic rubber elastomers, resins and additives (such as photoinitiators and stabilizers) to enhance the characteristics of automotive adhesives. In addition, automakers bond aluminum and composite materials together so that auto parts remain intact even at high speeds and pressures. The adhesive does not lose strength and is therefore used in these applications.
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Automotive adhesives have demonstrated multiple applications in the automotive industry by enhancing vehicle design and infrastructure. In the automobile manufacturing process, adhesives are used to make rubber, metal, glass, and plastic. They prevent salt, dirt and water from entering the body shell. In addition, they improve body stiffness and durability, and provide better crash performance.
In addition, the use of adhesives in multiple stages of automobile production has significantly contributed to market growth. The adhesive is used for direct glass to increase the rigidity of the vehicle. They are deployed on the production line, thereby reducing and saving costs. As a result, adhesives significantly improve the fuel efficiency of automobiles and provide enhanced performance, which is a key driving force for the automotive industry.
The global automotive adhesives market is segmented according to resin type, technology, application, vehicle type and geographic location. According to the type of resin, the market is divided into polyurethane, epoxy resin, acrylic resin, silicone, SMP, polyamide and others (rubber and phenolic resin). According to technology, it is divided into hot melt adhesive, solvent type, water-based, pressure-sensitive type and others (reactive type and thermosetting). Applications covered in the study include body-in-white, power train, paint shop and assembly. According to the model, the market is divided into passenger cars, light commercial vehicles and heavy commercial vehicles. Geographically, it has analyzed in North America, Europe, Asia Pacific and LAMEA.
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Leading market participants have invested heavily in research and development activities to develop advanced products to meet the needs of end users. The main players in the fungicide market include:
Henkel & Co. KGaA Bostik SA 3M Company The DOW Chemical Company Sika AG HB Fuller PPG Industries Illinois Tool Works Corporation Jowat AG Solvay SA
This report provides a quantitative analysis of current trends, estimates and developments from 2016 to 2023, which helps to identify current market opportunities. The major countries in each region are mapped according to individual market revenues. The report comprehensively analyzes the regional and national automotive adhesive market conditions. This study evaluates the competitive landscape and value chain to understand market conditions. Provides an in-depth analysis of the automotive adhesive market segmentation.
The 2019 COVID-19 pandemic swept the world. It caused a pause throughout the world. The entire global economy has been affected. In addition, many people lost their lives. To date, approximately 252,297,094 COVID-19 cases and 5,091,465 deaths have been reported globally. The pandemic has spread to almost every country in the world. In most industries, the pandemic has caused some form of loss. Affected by the epidemic, the global automotive adhesive market has also slowed down. Statista estimates that the total global revenue of the chemical industry in 2019 is approximately US$3.94 trillion. In 2014, the chemical industry generated US$5.4 trillion in revenue, a record high.
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The degree of competition among world-renowned companies is obtained by analyzing several leading chemical markets, including market competition, market share, the latest developments in the industry, the release of innovative products, partnerships with leading companies, mergers and acquisitions.
Polyurethane Epoxy Acrylic Silicone SMP Polyamide Other (Rubber and Phenolic Adhesives)
Hot-melt solvent-based water-based pressure sensitive other (reactive and thermosetting)
Body-in-white (BIW) powertrain painting workshop assembly by vehicle type passenger car light commercial vehicle heavy commercial vehicle
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North America, America, Canada, Mexico, Europe, France, Germany, Britain, Spain, Italy
Other participants in the value chain (information not included in the report) are:
Bayer AG Ashland Specialty Company Hexion Specialty Chemicals Covalence Adhesives Forbo Adhesives Switzerland ExxonMobil Chemical Company Indiastan Adhesives Limited
What aspects of this report are related to regional analysis?
The report’s geographic regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including usage and consumption information at the regional level.
The market report includes the growth rate of each region in the next few years, including their countries.
How to evaluate the major players in the market?
The report provides a comprehensive analysis of the main competitors in the market.
The report includes information about major suppliers in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report introduces facts and data about market competitors, as well as the views of leading market participants.
The market report includes detailed information about recent market developments, mergers and acquisitions of the major players mentioned above.
The key questions answered in the Global Automotive Adhesives Market report are:
How do multinational companies gain access to the market?
What are its core strategies and policies?
What factors will affect the chemical market during the forecast period?
What are the factors that promote and restrict the chemical market?
Who are the main competitors in the global market?
Which region of the global market is growing faster?
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What factors are considered when evaluating major market participants?
The report analyzes the global companies in detail.
The report outlines the main suppliers in the market, including the main players.
The report includes information about each manufacturer, such as profile, revenue, product pricing, and other relevant information about the manufactured products.
The report includes a comparison of market competitors and a discussion of the positions of major players.
Market reports provide information on the latest developments, mergers and acquisitions of major players.
What are the main findings of the report?
This report provides comprehensive information on the factors that are expected to affect future market growth and market share.
The report provides the current market status and future prospects of the various geographic regions.
The report provides qualitative and quantitative information about the competitive landscape of the market.
Combine Porter's five forces analysis as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rate and growth opportunities.
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