The global demand for Automotive Adhesives Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Automotive Adhesives refer to glue or sealant used in the automotive sector that exhibits widespread utilization, ranging from small sensors to vehicle chassis. The adhesives used in the automotive sector are lightweight components utilized for binding automotive parts of several materials metals, plastic, and composites. The typical application of adhesive involves structural bonding of chassis and driveshaft, sealing interior dashboard and trim, thread-locking and retaining bearings, bolts, and pins, and gasketing gearbox and sump. Several materials like resins, rubber elastomers, synthetic elastomers are used for manufacturing automotive adhesive and certain additives are added to enhance specific characteristics of the material.
The adhesives are utilized in the automotive industry for linking and binding various vehicle components. The increase in utilization is bolstered by several advantages like reducing the mass of the vehicle, boosts crash performances, minimizes NVH, and increases the stiffness of the front and lateral body. Therefore, the widespread application in the automotive industry is the key driving force for the global automotive adhesive market. The COVID-19 pandemic is anticipated to cut-down the trade of automotive because of travel restrictions (local, domestic, and international), disrupted end-user behavior and manufacturers. This factor is the key challenge for the global automotive adhesive market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of automotive adhesives.
The entire automotive adhesives market has been sub-categorized into resin type, form, application, sales channel and vehicle type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Resin Type
By Sales Channel
By Vehicle Type
- Door Panels
- Pillar Assemblies
- Roof Linings
- Headlamp and roof module Bonding
- Spoilers and Components
- Passengers Vehicles
- Commercial Vehicles
This section covers regional segmentation which accentuates on current and future demand for automotive adhesives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Automotive Adhesives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive adhesives market include Henkel AG & Company, Bostik SA, 3M Company, The Dow Chemical Company, PPG Industries, Inc., Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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