Automotive Adhesives Market by Resin (Polyurethane, Epoxy, Acrylic, Silicone, SMP, MMA), Application (Body in White, Paint Shop, Assembly, Powertrain)- Global Forecast to 2024

Press Release

According to Market Study Report, Automotive Adhesives Market provides a comprehensive analysis of the Automotive Adhesives Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Automotive Adhesives Market.

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The Automotive Adhesives Market is expected to grow from US$ 8.1 Billion in 2019 to US$ 10.7 Billion by 2024, at a CAGR of 5.7%, between 2019 and 2024. This report spread across 172 pages, profiling 30 companies and supported with 110 tables and 45 figures is now available in this research.

Topmost Outstanding Market Players:

  • Henkel (Germany)
  • Arkema (Bostik) (France)
  • 3M (US)
  • Dupont (US)
  • B. Fuller (US)
  • Sika (Switzerland)
  • Huntsman (US)

“SMP is the fastest-growing resin type of the automotive adhesives market.”

Silane modified polymer adhesives have a smaller market share compared to other types. However, the market for this segment is projected to grow at the highest rate due to stringent environmental regulations on other adhesives in the market. These regulations prohibit the use of highly toxic solvents which have VOC emissions. As SMP adhesives are odorless, free of isocyanates and solvents, and emit no VOCs, their demand is expected to increase.

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“Passenger cars segment is projected to be the fastest-growing automotive adhesives market.”

The passenger cars segment is projected to grow at the highest CAGR during the forecast period, 2019 to 2024. In the coming future, younger generations will be a significant driver in the development of more sustainable and convenient modes of commute. The future is expected to be ruled by passenger cars which may be electric, autonomous, and shared mobility, globally. This is experted to drive the market for passenger cars segment.

“APAC is the largest and projected to be the fastest-growing automotive adhesives market.”

APAC is the largest as well as the fastest-growing automotive adhesives market. It encompasses a diverse range of economies with different levels of economic development and multiple industries. Growth is attributed mainly to booming economies such as China and India, among other few smaller countries, such as Indonesia, and Thailand.

Breakdown of primary participants’ profile:

  • By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 – 20%
  • By Designation: C Level – 30%, D Level – 30%, and Others – 40%
  • By Region: North America – 20%, APAC – 40%, Europe – 20%, South America- 10%,and Middle East & Africa– 10%

The Study Objectives of this report are:

  • To strategically identify and profile the key market players and analyze their core competencies
  • To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
  • To analyze and forecast the automotive adhesives market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the size of the market based on resin, vehicle type, and application
  • To estimate and forecast the market size based on five regions, namely, Asia Pacific (APAC), North America, Europe, the Middle East & Africa, and South America
  • To estimate and forecast the automotive adhesives market at the country-level in each of the regions
  • To analyze the competitive developments, such as new product launch and merger & acquisition, in the automotive adhesives market

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Competitive Landscape of Automotive Adhesives Market:

1 Overview

2 Competitive Leadership Mapping, 2018

2.1 Dynamic Differentiators

2.2 Innovators

2.3 Visionary Leaders

2.4 Emerging Companies

3 Strength of Product Portfolio

4 Business Strategy Excellence

5 Competitive Scenario

5.1 New Product Launch

5.2 Investment & Expansion

5.3 Merger & Acquisition

5.4 Partnership & Agreement

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