The modern-day document posted via Report Ocean, titled “Automotive Adhesives Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global automotive adhesives market size was valued at $3,771 million in 2016, and is anticipated to grow at a CAGR of 5.4% from 2016 to 2023, to reach $5,459 million by 2023. Adhesives are lightweight components used to bind most composites and plastic materials. They are known for improving stress distribution and joining the similar & dissimilar substrates (steel and aluminum parts) to reduce vehicle weight. Adhesive is the most versatile bonding agent available today and are used by vehicle manufacturers to make cars lighter and tougher. Moreover, adhesives are made from precise blends of synthetic rubber elastomers, resins, and additives such as photo initiators and stabilizers, which enhance the characteristics of automotive adhesives. In addition, automobile manufacturers bind aluminum and composites so that vehicle parts are intact even at high speed and pressure. Adhesives do not lose strength and hence are used for these applications.
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Automotive adhesives exhibit multiple applications in the automobile industry by enhancing the design and infrastructure of vehicles. Adhesives are deployed to fabricate rubber, metal, glass, and plastics together during the manufacture of automobiles. They inhibit the ingress of salt, dirt, and water in the car body shell. Moreover, they improve the vehicle body stiffness & durability and provide improved crash performance. In addition, use of adhesives at multiple stages of production of an automobile has significantly driven the market growth. Adhesives are used for direct glazing, which improves the rigidity of vehicles. They are deployed on the production line, which results in cost reduction and savings. Therefore, adhesives have significantly improved the fuel efficiency of automobiles and provide enhanced performance, which is a key driver of the automotive industry.
The global automotive adhesives market is segmented based on resin type, technology, application, vehicle type, and geography. On the basis of resin type, the market is classified into polyurethanes, epoxy, acrylics, silicone, SMP, polyamide, and others (rubber and phenolic). By technology, it is categorized into hotmelt, solvent based, water based, pressure sensitive, and others (reactive and thermosetting). Applications covered in the study include body in white, power train, paint shop, and assembly. Based on vehicle type, the market is divided into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023, which assists to identify prevailing market opportunities.
Major countries in each region are mapped as per individual market revenue.
The region-wise and country-wise automotive adhesives market conditions are comprehensively analyzed in the report.
This study evaluates the competitive landscape and value chain to understand the market scenario.
An in-depth analysis of segmentation of automotive adhesives market is provided.
Leading market players have largely invested in R&D activities to develop advanced products to cater to the demand of end users. The major players in the biocides market include:
Henkel & Co. KGaA
Bostik S.A
3M Company
The DOW Chemical Company
Sika AG
H.B. Fuller
PPG Industries
Illinois Tool Works Corporation
Jowat AG
Solvay S.A.
The other players in the value chain (profiles not included in the report) are:
Bayer A.G.
Ashland Speciality Company
Hexion Speciality Chemicals
Covalence Adhesives
Forbo Adhesives Switzerland
ExxonMobil Chemical Company
Hindustan Adhesives Limited
KEY MARKET SEGMENTS
By Resin Type
Polyurethane
Epoxy
Acrylics
Silicone
SMP
Polyamide
Others (Rubber and Phenolic Adhesives)
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By Technology
Hot Melt
Solvent Based
Water Based
Pressure Sensitive
Others (Reactive and Thermosetting)
By Application
Body in White (BIW)
Powertrain
Paint Shop
Assembly
By Vehicle Type
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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