Global Automotive Adhesives Market, 2014-2024
The adhesives are the fluid substances that are used in joining steel, plastic and other solid materials together which are extensively applied in the various forms in the automotive industry. Adhesives are created using the cellulose derived from organic and inorganic materials by chemical process including natural rubber resins and other compounds. The most common polymer-based adhesives include polyurethane and acrylics, epoxy. These adhesives are extensively used in automotive industries. Structural adhesives like, polyurethane are relatively strong adhesives which carry stresses and are used in structural applications.
The adhesives are more advantageous over the other binding techniques such as mechanical fastening, thermal bonding, welding, sewing, and others. Depending on their type automotive adhesives can be categories weak or strong, permanent or temporary, and flexible or rigid. These adhesives find vast applications in the automotive industry, including the body-in-white (BIW), exterior, interior, under the hood parts, embedded electronic systems, and others overall structure.
The global automotive adhesives research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global automotive adhesives market is growing at a fast pace and increasing its geographical footprint rapidly. The global automotive adhesives market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in Asia Pacific region due to huge consumption by automotive sector. The major growth driver for automotive adhesives market are rise use in automotive industry with increasing demand for fuel efficiency by means of reducing the vehicle weight. The automotive industry continuously demands more advanced and improved bonding adhesives which offer excellent adhesion, superior durability, chemical & temperature resistance, and low shrinkage.
Automotive adhesives enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of automotive adhesives market globally. The companies that lead global market are Henkel, Huntsman, Sika AG, 3M Company, The Dow Chemical Company, and H.B. Fuller Company.
The research process includes the market segmentation of the global automotive adhesives market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global automotive adhesives market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:
By company type:
Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
North America (40%), Asia (40%), Europe (20%)
Top level (40%), Operation level (20%), Mid-level (40%)
Contents of the report:
Insights on the global automotive adhesives industry dynamics
Estimation of the present global automotive adhesives market size in terms of value and volume.
Global automotive adhesives market breakup based on by type and application.
Verified global automotive adhesives market forecast for the next five years.
In depth analysis of the leading companies working across different nodes of global automotive adhesives industry value chain.
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