The global market for Automotive Adhesives is estimated at US$4.5 Billion in 2023 and is projected to reach US$6.2 Billion by 2030, growing at a CAGR of 4.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the automotive adhesives market is driven by several factors, including technological advancements, the increasing production of electric vehicles, and stringent environmental regulations. Technological advancements have led to the development of high-performance adhesives that offer better bonding strength, durability, and resistance to extreme temperatures and chemicals. These improvements have expanded the applications of adhesives in the automotive sector, enabling manufacturers to design vehicles with greater flexibility and innovation. The surge in electric vehicle production has also significantly boosted the demand for automotive adhesives, as these vehicles require lightweight and durable bonding solutions to optimize performance and battery life. Additionally, stringent environmental regulations aimed at reducing vehicle emissions and improving fuel efficiency have encouraged the use of adhesives over traditional welding and mechanical fastening methods, as adhesives contribute to overall weight reduction. The growing consumer demand for safer, quieter, and more fuel-efficient vehicles further supports the adoption of advanced adhesive technologies. These factors collectively highlight the dynamic growth of the automotive adhesives market, emphasizing its critical role in the evolution of vehicle design and manufacturing.
The growth in the automotive adhesives market is driven by several factors, including technological advancements, the increasing production of electric vehicles, and stringent environmental regulations. Technological advancements have led to the development of high-performance adhesives that offer better bonding strength, durability, and resistance to extreme temperatures and chemicals. These improvements have expanded the applications of adhesives in the automotive sector, enabling manufacturers to design vehicles with greater flexibility and innovation. The surge in electric vehicle production has also significantly boosted the demand for automotive adhesives, as these vehicles require lightweight and durable bonding solutions to optimize performance and battery life. Additionally, stringent environmental regulations aimed at reducing vehicle emissions and improving fuel efficiency have encouraged the use of adhesives over traditional welding and mechanical fastening methods, as adhesives contribute to overall weight reduction. The growing consumer demand for safer, quieter, and more fuel-efficient vehicles further supports the adoption of advanced adhesive technologies. These factors collectively highlight the dynamic growth of the automotive adhesives market, emphasizing its critical role in the evolution of vehicle design and manufacturing.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Bonding Function segment, which is expected to reach US$3.0 Billion by 2030 with a CAGR of a 4.5%. The NVH Function segment is also set to grow at 5.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $627.3 Million in 2023, and China, forecasted to grow at an impressive 6.3% CAGR to reach $1.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automotive Adhesives Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Adhesives Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automotive Adhesives Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BASF SE, 3M Company, Arkema Group, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 102 Featured):
- BASF SE
- 3M Company
- Arkema Group
- Ashland Global Holdings, Inc.
- Bostik, Inc.
- Adhesives Research, Inc.
- AI Technology, Inc.
- Adchem Corporation
- Beardow & Adams (Adhesives) Ltd.
- Adhesive Technologies, Inc.
- Bondloc UK Ltd.
- ABRO Industries, Inc.
- Capital Adhesives & Packaging Corporation
- Alberdingk Boley GmbH
- Anabond Limited
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- 3M Company
- Arkema Group
- Ashland Global Holdings, Inc.
- Bostik, Inc.
- Adhesives Research, Inc.
- AI Technology, Inc.
- Adchem Corporation
- Beardow & Adams (Adhesives) Ltd.
- Adhesive Technologies, Inc.
- Bondloc UK Ltd.
- ABRO Industries, Inc.
- Capital Adhesives & Packaging Corporation
- Alberdingk Boley GmbH
- Anabond Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 579 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4.5 Billion |
| Forecasted Market Value ( USD | $ 6.2 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
