Europe Automotive Adhesives Market Size, Share & Industry Trends Analysis Report By Resin Type, By Technology, By Vehicle Type, By Vehicle Type Application, By Country and Growth Forecast, 2021 - 2027
The Europe Automotive Adhesives Market would witness market growth of 4.3% CAGR during the forecast period (2021-2027).
Many cars come fitted one or more cameras, which are used for tasks like traffic sign recognition, lane assist, and collision warning. The adhesive requirements are high, particularly if the cameras are mounted outside the car, as is the scenario with rear view cameras. As a result, they must be able to withstand regular temperature changes, as well as rain, snow, and ice. De-icing salt, which is swirled up from the roads throughout the winter and has an ageing effect on various materials, has the most significant influence. Adhesive for active lens alignment is shown in magenta on the front camera of a car. As a result, it's clear that the adhesives must be resistant to ensure that the bonding can tolerate harsh conditions. Low outgassing and adhesive shrinkage are also important criteria to avoid any unwanted effects on the optical components.
Dual-curing adhesives are almost entirely utilized here, as they provide not only the needed accuracy and reliability, but also allow for high production speed. Another important aspect of the optics' function is that the lens' location does not alter after construction. The camera modules can then be processed directly after a few seconds of light fixation, during which the optics are actively oriented and "frozen." The adhesive's ultimate qualities are determined during the subsequent heat curing batch process.
Germany is renowned and admired around the world for its great automobile sector and engineering prowess. From Asia to the Americas, German automobiles symbolize highly prized traits such as innovation, dependability, safety, and elegance. Germany is Europe's largest production and sales market by a long shot. The country is on the forefront of the automotive sector due its unparalleled research and development facilities, extensive value chain integration, and highly skilled personnel. Thus, Germany is the unofficial automotive capital of not only Europe but the world.
The automotive industry is critical to Europe's economic development. The automobile industry employs 13.8 million Europeans directly and indirectly, accounting for 6.1 percent of overall employment in the EU. Direct production of automobiles employs 2.6 million people, accounting for 8.5 percent of all manufacturing jobs in the EU.
The Germany market dominated the Europe Automotive Adhesives Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $428.2 million by 2027. The UK market is poised to grow at a CAGR of 3.4% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 5% during (2021 - 2027).
Based on Resin Type, the market is segmented into Polyamide, Polyurethane, Silyl Modified Polymers (SMP), Silicone, Epoxy, Acrylics, and Others. Based on Technology, the market is segmented into Water Based, Pressure Sensitive, Solvent Based, Hot Melt, and Others. Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle. Based on Vehicle Type Application, the market is segmented into Body-in-White (BIW), Powertrain, Paint Shop, and Assembly. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sika AG, Henkel AG & Company, KGaA, 3M Company, DuPont de Nemours, Inc., Huntsman Corporation, Dymax Corporation, Arkema S.A., PPG Industries, Inc., H.B. Fuller Company, and Illinois Tool Works, Inc.
Scope of the Study
Market Segments covered in the Report:
By Resin Type
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