Automotive Adhesives MarketGrowth, Trends, Covid-19 Impact, and Forecast (2022 - 2028)
Global Automotive Adhesives Market was valued at USD 4.26 billion in 2021 and is expected to reach USD 5.35 billion by the year 2028, at a CAGR of 4%.
Automotive adhesives are adhesive materials that create applications in the structural bonding of auto components. Automotive adhesives are considered to address various requirements of automakers such as potting or casting, conformal coating, thermal management, mechanical bonds, EMI or RFI shielding, electrical connections, impregnation, and stress dissipation. These adhesives are commonly used in engine control units, anti-lock brake systems (ABS), displays, climate controls, vehicle stability control, navigation systems, transmission control units, vision system, instrument panels, sensors, connectors, detectors, security devices, and battery monitoring systems. On the back of electrification and electronification technologies, vehicle production and design are gravely changing. Among the components to reach significance is automotive adhesives. The potential of adhesives to decline vehicle weight, increase fuel efficiency and overcome carbon emissions is anticipated to stimulate demand automotive adhesives market growth over the projected period.
The latest research on the Global Automotive Adhesives Market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Automotive Adhesives industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the Automotive Adhesives Market status of the main market players, major trends, and future market development opportunities. These research papers are designed to help readers find information and make decisions that will help them grow their business. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Key Industry Players in Automotive Adhesives Market:
• Nitto Denko Corporation
• Henkel AG & Co. KGaA
• Huntsman Corporation
• Illinois Tool Works Inc.
• Lord Corporation
• Nippon Paint Co. Ltd.
• RPM International Inc.
• Royal Adhesives and Sealants LLC
• The Dow Chemical Company
• ThreeBond Co. Ltd.
• Wacker-Chemie AG and other major players.
The global automotive adhesives market is segmented on the basis of resin type, technology, application, vehicle type, and region. On the basis of resin type, the market is classified into polyurethanes, epoxy, acrylics, silicone, SMP, polyamide, and others (rubber and phenolic). By technology, it is categorized into hot melt, solvent based, water based, pressure sensitive, and others (reactive and thermosetting). Depending on application, it is divided into body-in-white, power train, paint shop, and assembly.
Segmentation Analysis Includes,
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
The "Global Automotive Adhesive Market Analysis to 2028" is a specialized and in-depth study of the automotive adhesive industry with a focus on the global market trend. The report aims to provide an overview of the global automotive adhesive market with detailed market segmentation by type, application, vehicle type, and geography. The global automotive adhesive market is expected to witness high growth during the forecast period. The automotive adhesive market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
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The automotive adhesives market witnesses a weak demand; the automotive sector is greatly disturbed in this period. The automobile purchases have significantly reduced. Production of the market is impacted in this period. Due to less manufacture of automobiles, the demand is low. A declining trend in the market is affecting the overall adoption of automotive adhesives.
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