Automotive Adhesives Market Size, Share, Trends, Growth 2032

Automotive Adhesives Market Insights

According to a report from Zion Market Research, the global Automotive Adhesives Market was valued at USD 7.25 Billion in 2023 and is projected to hit USD 12.05 Billion by 2032, with a compound annual growth rate (CAGR) of 5.8% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Automotive Adhesives industry over the next decade.

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Automotive Adhesives Market: Overview

Automotive adhesives act as most versatile bonding agents in the automotive industries. They are used to make cars lighter and tougher. Automotive adhesives are made by the blends of resins, additives, and synthetic rubber elastomers to improve its characteristics depending on end-use applications. Currently, automakers use aluminum and composites to weld auto parts together but they cannot hold body parts together at high pressure and speed. Automotive adhesives possess high strength; hence, they are widely used in this application.

These adhesive make vehicles more durable, safer, and quieter and they are replacing traditional joining techniques include bolting, welding, and riveting. Automotive adhesives have revolutionized the auto industries in design, innovation, and comfort purpose. These adhesive are used to assemble glass, rubber, plastics, metal, and numerous other materials during manufacture of automobiles. They are also preventing access to dirt, salt, and water inside the car shell.

Automotive Adhesives Market: Growth Factors

Automotive adhesives have speed up their production in the global market. They can be applied with high speed to the production line that obviously reduces time and cost together. Hence, it drives the global automotive adhesives market growth in the near future. It is expected that the consumption of the automotive adhesives per vehicle may increase in the coming years. In addition, automotive adhesives help to reduce harshness, noise, and vibration of the vehicle and provides comfort-driving feel. Moreover, they enhance performance and fuel efficiency of the vehicles driving the global market.

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Automotive Adhesives Market: Segmentation

Based on applications as powertrain, body-in-white, assembly, and paintshop.

Based on vehicle type, the global market is further divided as trucks, passenger vehicles, LCV, buses, and others.

On the basis of resin types as polyamide, acrylic, polyurethane, silicone, epoxy, SMP, and others.

Automotive Adhesives Market: Report Scope

Automotive Adhesives Market: Regional Analysis

The global automotive adhesives market includes geographical segment as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific holds the largest market share in the global market. China and Japan are major manufacturing centers in Asia Pacific and may continue to play a significant role in the global automotive adhesives market. Escalating growth in the global market in the countries such as Malaysia and Vietnam is anticipated to propel the global automotive adhesives market growth.

Some other countries include South Korea, India, and Australia also boosting the global automotive adhesives market growth in the near future. However, constant growth in North America is expected to continue in the coming years. Western Europe and other European countries follow this trend.

Automotive Adhesives Market: Competitive Players

Some of the major players dominating the global automotive adhesives market are

• Hindustan Adhesives Limited
• Sika AG
• 3M Company
• Bayer
• Ashland Specialty Chemical Company
• The Dow Chemical Company
• H.B. Fuller Company
• BASF
• Henkel
• ExxonMobil Chemical Company
• Hexion Specialty Chemicals
• Covalence Adhesives
• Dynea International Oy
• Forbo Adhesives Switzerland

The global automotive adhesives market is segmented as follows:

By Resin Type

• Polyamide
• Acrylic
• Polyurethane
• Silicone
• Epoxy
• SMP
• Others

By Vehicle Type

• Trucks
• Passenger Vehicles
• LCV
• Buses
• others

By Application

• Trucks
• Passenger vehicles
• LCV
• Buses
• Others

Automotive Adhesives Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa