The global automotive adhesives market is anticipated to grow at a CAGR of 7.4% during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for light-weight vehicles, increased demand for fuel-efficiency, along with lower carbon emissions. This has raised the adoption of automotive adhesives in the sector and replaced the welding & metal joints with adhesives.
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Besides, several government initiatives for boosting the overall manufacturing of lightweight vehicles are also one of the major factors that drive the growth of the market, as these vehicles have low carbon emissions and are fuel-efficient. Using modern and advanced adhesives in the automobile can reduce the weight of an automobile by around 15.0%, as per Henkel AG & Co., KGaA, one of the leading players in the market. Hence, the manufacturing of lightweight vehicles is likely to enhance the overall adhesives consumption for various applications in the industry and turn contribute to the market growth over the forecast period.
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Global Automotive Adhesives Market Segmentation
By Resin Type
- Polyurethanes
- Polyamide
- Acrylics
- Silicone
- Epoxy
- SMP (Silyl-Modified Polymer)
- MMA (Methyl Methacrylate)
- Other Resins
By Adhesive Type
- Tapes & Films
- Liquid Gasket
- Structural
- Thread-Locks & Retainers
- Other Adhesive Type
By Applications
- Assembly
- Body in White (BIW)
- Glazing
- Paint
- Upholstery
- Other Application
By Vehicle Type
- Passenger Vehicle
- Two-Wheeler
- Commercial Vehicle
By Sales Channel
- OEM (Original Equipment Manufacturer) & Auto-ancillaries
- Aftermarket/Retail
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profile
- 3M Co.
- Akzo Nobel NV
- Arkema SA
- Ashland Global Specialty Chemicals Inc.
- Avery Dennison Corp.
- BASF SE
- Cattie Adhesives
- Dow Inc.
- Franklin International Inc.
- B. Fuller Co.
- Henkel AG & Co., KGaA
- Hernon Manufacturing, Inc.
- Huntsman International LLC
- Illinois Tool Works Inc. (ITW Performance Polymers)
- Jowat SE
- LORD Corp.
- PPG Industries, Inc.
- Sika AG
- Solvay SA
- Tremco Illbruck (RPM International Inc.)
- Wacker Chemie AG
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