Automotive Adhesives Market Key Players Analysis, Size, Growth, Trends and Forecast up to 2026

The material that can be used to adhere or adhere to another surface is called an adhesive. Adhesives consist of precise mixtures of synthetic rubber elastomers, resins and agents or additives, which are used to improve certain properties depending on the intended use. The use of automotive adhesive is widespread, ranging from something as small as a sensor to something as large as the chassis of a vehicle. Structural adhesives are mainly preferred by professionals in the automotive industry because they allow easy assembly of various types of materials. One of the main advantages of structural adhesives is the curing of the rubber there, which helps to absorb vibrations and impact forces. Automotive adhesives are used indoors and outdoors for body adhesives, coating adhesives, windshield adhesives, exterior finishing adhesives and others.
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Growing usage of these adhesives in lightweight & low-carbon emitting vehicles along with technological improvements in adhesives for different end-use industries, are some of the major factors which fuelling the growth of automotive adhesives market during the forecast period. In addition, these adhesives have ability to reduce vehicle weight, increase fuel efficiency, and lower carbon emissions by virtue of which welding and metal joints can be replaced with adhesives in automotive industries. The use of adhesives helps to reduce noise, vibration in vehicles, which drives the growth of automotive adhesive market. Moreover, rising investment in electric vehicles by automobile industries is another key factor boosting the growth of automotive adhesive market. The use of polyurethane resin increased in automotive industry due to bonding of its adhesives as it increases durability, corrosion resistance, and scratch resistance of vehicles. On the other hand, fluctuation in the prices of raw material is one of the factors hampering the growth of global automotive adhesives market.
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Based on region, Asia-Pacific is expected to growing at higher CAGR during the forecast period due to the growing industrial and economic development. Also, China is one of the largest producers and consumers of automotive adhesive in Asia-Pacific.
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Global automotive adhesives market has been segmented on the basis of technology, resin type, vehicle type and application. Based on technology, the market is segmented into reactive, water-based and hot-melt. Based on resin type, the market is segmented into PU automotive adhesives, epoxy automotive adhesives, acrylic automotive adhesives, silicone automotive adhesives, SMP automotive adhesives, MMA automotive adhesives and others. Based on vehicle type, the market is segmented into passenger car, buses, trucks, LCV and aftermarket. Based on application, the market is segmented into body in white (BIW), powertrain, paint shop, assembly. On the basis of body in white (BIW), the market is further categorized into antiflutter, HEM flange bonding, seam sealing/spot sealant and structural bonding. On the basis of paint shop, the market is further categorized into underbody sealing, seam sealing, underbody coating and sound deadening. On the basis of assembly, the market is further categorized into direct glazing, trim parts, sunroof, headliner and upholstery.
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Some of the major players of global automotive adhesives market are 3M, DuPont, Henkel AG & Co. KGaA, Sika AG, H.B. Fuller Company, Arkema, Huntsman International LLC, Ashland, PPG Industries, Inc. and Illinois Tool Works Inc. among others
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