Global Automotive Adhesive Market Size By Material Compatibility (Metal Adhesives, Plastic Adhesives, Composite Adhesives), By Application (Liquid Adhesives, Tape Adhesives, Film Adhesives), By End-User (Original Equipment Manufacturers (OEMs), Aftermarket, Suppliers of Automotive Components), By Geographic Scope and Forecast
Report ID: 31043|No. of Pages: 202
Global Automotive Adhesive Market Size By Material Compatibility (Metal Adhesives, Plastic Adhesives, Composite Adhesives), By Application (Liquid Adhesives, Tape Adhesives, Film Adhesives), By End-User (Original Equipment Manufacturers (OEMs), Aftermarket, Suppliers of Automotive Components), By Geographic Scope and Forecast
Automotive Adhesive Market Size And Forecast
Automotive Adhesive Market size was valued at USD 8.04 Billion in 2023 and is projected to reach USD 12.29 Billion by 2031, growing at a CAGR of 6% from 2024 to 2031.
- Automotive adhesives are specialized bonding chemicals used in car manufacture to combine various materials such as metals, polymers, and composites while maintaining high strength, durability, and resistance to environmental influences.
- They are crucial for bonding body panels, windshields, and interior components, which helps to reduce vehicle weight, improve fuel efficiency, and increase safety. Advances in material science appear to be paving the way for stronger, faster-curing, and more environmentally friendly vehicle adhesives.
- As the automotive industry transitions to electric and driverless vehicles, the demand for novel adhesive solutions will expand, making them vital to the creation of safer and more sustainable
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Global Automotive Adhesive Market Dynamics
The key market dynamics that are shaping the global Automotive Adhesive Market include:
Key Market Drivers:
- Lightweight Vehicle Demand: As automakers work to increasing fuel efficiency and reduce emissions, the demand for lightweight vehicles grows. Automotive adhesives play a critical role in this by allowing the use of lighter materials such as aluminum and composites, which serve to reduce the total weight of the vehicle while maintaining structural integrity and safety.
- Electric Vehicle (EV) Growth: As electric vehicles become more popular and manufactured, there is a greater demand for sophisticated adhesive solutions. Adhesives are required for EV battery installation, temperature control, and bonding various materials utilized in lightweight construction. Adhesives also aid in noise, vibration, and harshness (NVH) reduction, which is especially crucial in quieter EVs.
- Enhancing Safety and Performance Standards: As safety laws tighten and consumers want high-performance automobiles, the automotive industry is more reliant on adhesives to achieve these requirements. Automotive adhesives offer improved crash resistance, durability, and corrosion prevention, ensuring that vehicles fulfill rigorous safety and performance standards.
- Adhesive Technological Advancements: Adhesive technology is constantly evolving, with the development of high-strength, fast-curing, and environmentally friendly adhesives driving market expansion. These developments enable more efficient manufacturing processes, higher bonding performance, and the capacity to use adhesives in a broader range of applications and materials, consequently increasing market potential.
Key Challenges:
- Cost Constraints: The automotive adhesive industry is the high cost of advanced adhesives when compared to traditional bonding methods such as welding and mechanical fasteners. These expenditures might be prohibitively expensive for manufacturers, particularly in a highly competitive industry where cost-effectiveness is critical. Balancing performance benefits with costs remains a significant hurdle for mainstream adoption.
- Complex Application Processes: The application of automotive adhesives frequently necessitates precise processes and circumstances, such as curing temperatures and timeframes. Maintaining consistent quality and performance can be difficult, particularly in large-scale industrial facilities. Improper application can cause weak bonding, jeopardizing vehicle safety and longevity and increasing the likelihood of costly recalls.
- Material Compatibility Issues: Automotive adhesives must properly adhere to a wide range of materials utilized in modern car construction, such as metals, plastics, composites, and glass. Ensuring compatibility among these diverse materials can be difficult, as different adhesives have distinct performance properties. Incompatibility can cause poor bonding, decreased performance, and potential safety hazards.
- Environmental and Regulatory Pressures: The automotive adhesive industry faces hurdles as environmental rules tighten and sustainable manufacturing techniques become more prevalent. Developing adhesives that are environmentally benign, emit low volatile organic compounds (VOCs), and meet high regulatory criteria necessitates significant research and development effort. Furthermore, there is ongoing demand to develop recyclable or biodegradable adhesives that match with the car industry’s sustainability aims.
Key Trends:
- Sustainability and Environmental Compliance: Increasing environmental awareness and harsher laws are pushing the car industry to adopt more sustainable methods. This trend includes the creation of eco-friendly adhesives with minimal volatile organic compound (VOC) emissions and a lower environmental footprint. Furthermore, there is an emphasis on developing adhesives that promote recycling and contribute to a circular economy, which aligns with global environmental objectives.
- Increasing Focus on Safety and Crashworthiness: As vehicle safety regulations tighten, there is a greater emphasis on adhesives that improve crashworthiness and occupant protection. Automotive adhesives are being developed to increase vehicle structural integrity, providing greater energy absorption and impact resistance in the case of a collision. This trend is encouraging the development of high-performance adhesives, which help to create safer car designs and enhance overall safety ratings.
- Integration with sophisticated Manufacturing Processes: The automotive sector is progressively embracing sophisticated manufacturing processes including automation, 3D printing, and digital manufacturing. Adhesives that are compatible with these techniques are in high demand because they allow for more efficient and accurate assembly. Automated glue application systems, for example, can increase consistency while decreasing manufacturing times. This trend is driving adhesive makers to create products that work smoothly with cutting-edge manufacturing processes.
- Increasing Customization and Specialization: As automobile manufacturers seek to differentiate their products, there is a growing demand for customized adhesive solutions that are adapted to specific applications and performance requirements. This trend is prompting adhesive makers to create customized formulations that cater to niche markets and one-of-a-kind automobile designs, providing tailored qualities such as increased temperature resistance, flexibility, or bonding strength for certain components or materials.
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Global Automotive Adhesive Market Regional Analysis
Here is a more detailed regional analysis of the global Automotive Adhesive Market:
Asia Pacific
- Asia Pacific dominates the worldwide Automotive Adhesive Market, owing to its large automotive manufacturing base and high vehicle production volumes. The presence of prominent automotive manufacturers, as well as rising demand from emerging markets such as China and India, all contribute considerably to the market’s growth.
- As consumer preferences shift to more fuel-efficient and environmentally friendly automobiles, the use of sophisticated adhesive technologies in automotive assembly processes is increasing significantly.
- Furthermore, the growing usage of lightweight materials in car manufacture to improve fuel efficiency and lower emissions is boosting demand for advanced adhesives in this region. With the expansion of automotive infrastructure and increasing investments in the automotive sector, Asia Pacific’s role in shaping and driving the global adhesive market remains substantial.
Europe
- Europe’s Automotive Adhesive Market. Stringent environmental restrictions and consumer demand for fuel-efficient, low-emission vehicles have led to a greater use of lightweight materials in vehicle manufacturing.
- As a result, there is an increased demand for sophisticated adhesive solutions that can efficiently connect these materials. Furthermore, improvements in automotive technology, such as the rise of electric and hybrid vehicles, have increased the demand for specialist adhesives that work well when bonding complex and diverse materials.
- The automotive industry’s emphasis on innovation and sustainability practices, combined with an increasing focus on sophisticated production techniques, has positioned Europe as one of the fastest-growing areas in the worldwide Automotive Adhesive Market.
Global Automotive Adhesive Market: Segmentation Analysis
The Global Automotive Adhesive Market is segmented on the basis of Material Compatibility, Application, End-User, and Geography.
Automotive Adhesive Market, By Material Compatibility
- Metal Adhesives
- Plastic Adhesives
- Composite Adhesives
Based on Material Compatibility, the market is segmented into Metal Adhesives, Plastic Adhesives, and Composite Adhesives. Metal adhesives are dominant due to their widespread use in attaching car body panels, structural components, and other metal elements, resulting in strong and durable joins. However, composite adhesives are the fastest-growing market, owing to the rising use of lightweight composite materials in vehicle manufacture to increase fuel efficiency and performance.
Automotive Adhesive Market, By Application
- Liquid Adhesives
- Tape Adhesives
- Film Adhesives
Based on Application, the market is segmented into Liquid Adhesives, Tape Adhesives, and Film Adhesives. Liquid adhesives are popular because of their versatility and broad use in a variety of applications, including as gluing, sealing, and assembling various vehicle components. They form strong, long-lasting connections and are necessary for complex geometries and wide surface areas. Tape adhesives, on the other hand, are the fastest-growing market, owing to their ease of use, clean application, and the increased desire for manufacturing process efficiency.
Automotive Adhesive Market, By End-User
- Original Equipment Manufacturers (OEMs)
- Aftermarket
- Suppliers of Automotive Components
Based on End-User, the market is segmented into Original Equipment Manufacturers (OEMs), Aftermarket, and Suppliers of Automotive Components. The Original Equipment Manufacturers (OEMs) market is dominant because to the significant need for adhesives in the production and assembly of new cars, which ensure structural integrity and performance. OEMs rely largely on sophisticated adhesives to attach different materials and components during the manufacturing process. However, the aftermarket category is expanding at the highest rate, owing to the growing need for car repair and maintenance, which necessitates high-quality adhesives.
Automotive Adhesive Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, the Global Automotive Adhesive Market is classified into North America, Europe, Asia Pacific, and Rest of World. Asia Pacific dominates because of its large automotive manufacturing capacity, high car production rates, and strong demand from growing markets such as China and India. This region benefits from significant investment in automotive infrastructure and innovation. However, Europe is the second fastest-growing market, thanks to stricter environmental rules, advances in automotive technology, and increased production of electric and hybrid vehicles.
Key Players
The “Global Automotive Adhesive Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Henkel AG & Co. KGaA, 3M Company, Sika AG, Dow Inc., Arkema Group, H.B. Fuller Company, Huntsman Corporation, LORD Corporation, PPG Industries, Inc., Avery Dennison Corporation.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In October 2023, DELO is introducing DELO DUALBOND OB6799, an adhesive designed to meet the high optical requirements of modern driver assistance systems. With it, the adhesive producer establishes new production speed and alignment precision criteria for automobile cameras.
- In October 2022, The IZB, Europe’s biggest trade exhibition for automotive suppliers, would bring the automotive sector together in Wolfsburg, and adhesive tape producer Lohmann’s automotive experts will be there with their latest product solutions. As a long-standing international automotive industry partner, the company provides customized adhesive tape solutions and high-precision die-cuts to customers all over the world.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2031 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Henkel AG & Co. KGaA, 3M Company, Sika AG, Dow Inc., Arkema Group, H.B. Fuller Company, Huntsman Corporation, LORD Corporation, PPG Industries, Inc., Avery Dennison Corporation. |
| SEGMENTS COVERED | By Material Compatibility, By Application, By End-User, and By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Automotive Adhesive Market, By Material Compatibility
• Metal Adhesives
• Plastic Adhesives
• Composite Adhesives
5. Automotive Adhesive Market, By Application
• Liquid Adhesives
• Tape Adhesives
• Film Adhesives
6. Automotive Adhesive Market, By End Use
• Original Equipment Manufacturers (OEMs)
• Aftermarket
• Suppliers of Automotive Components
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• Henkel AG & Co. KGaA
• 3M Company
• Sika AG
• Dow Inc.
• Arkema Group
• H.B. Fuller Company
• Huntsman Corporation
• LORD Corporation
• PPG Industries, Inc.
• Avery Dennison Corporation
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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