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Automotive Adhesives Market Report by Technology, Resin Type, Vehicle Type, Application, and Region 2024-2032

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    Report

  • 140 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5578001
Description Jump to:
The global automotive adhesives market size reached US$ 6.2 Billion in 2023. Looking forward, the market is expected to reach US$ 9.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2023-2032.

Automotive adhesives refer to fluid substances used to bind composites, metals, plastic and materials together. They are commonly available in solvent-based, water-based and hot melt variants that contain volatile organic compounds (VOCs). Automotive adhesives are manufactured of ethylene, amine-based resins, propylene, epoxide, acrylics, polyester resins, vinyl acetate monomer and synthetic materials. They are widely used to bond and seal interior and exterior components of an automobile, such as door panels, light covers, armrests, dashboards, lenses, chassis, headliners, consoles, and door skins. They aid in easing automation, ensuring strong bonds, minimizing drying time, and enhancing cohesive strength and corrosion resistance. Automotive adhesives also assist in improving crash performance, minimizing noise vibration, reducing vehicle mass, and increasing front and rear lateral body stiffness.

Automotive Adhesives Market Trends:

The significant growth in the automotive industry across the globe is one of the key factors driving the growth of the market. Automotive adhesives are widely used to increase versatility, strength, prevent galvanic corrosion and maintain aesthetic appeal. In line with this, the increasing adoption of electric vehicles (EVs) due to the rising environmental consciousness is favoring the market growth. Automotive adhesives are used as binding components that provide crash durability and thermal conductivity while keeping the battery at a safe temperature. Moreover, various product innovation, such as the formulation of biodegradable automotive adhesives, are providing an impetus to the market growth. These eco-friendly automotive adhesives are widely used for automobile interiors and are manufactured using sustainable materials that aid in reducing the emission of harmful chemicals. Additionally, the widespread adoption of polyurethane resin for producing automotive adhesives and sealants as it assists in increasing durability, scratch resistance and corrosion resistance of vehicles is positively impacting the market growth. Other factors, including the increasing demand for lightweight vehicles, introduction of high-performance adhesive tapes, and the implementation of several government initiatives to reduce the environmental footprint of vehicles, are anticipated to drive the market growth further.

Key Market Segmentation:

The report provides an analysis of the key trends in each sub-segment of the global automotive adhesives market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on technology, resin type, vehicle type and application.

Breakup by Technology:

Hot Melt
Solvent Based
Water Based
Pressure Sensitive
Others

Breakup by Resin Type:

Polyurethane
Epoxy
Acrylic
Silicone
SMP
Polyamide
Others

Breakup by Vehicle Type:

Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles

Breakup by Application:

Body in White (BIW)
Powertrain
Paint Shop
Assembly

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Avery Dennison Corporation, BASF SE, Bostik SA (Arkema S.A.), Covestro AG, Dow Inc., DuPont de Nemours Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, Illinois Tool Works Inc., Nitto Denko Corporation, PPG Industries Inc., Sika AG and Solvay S.A.

Key Questions Answered in This Report

1. What was the size of the global automotive adhesives market in 2023?
2. What is the expected growth rate of the global automotive adhesives market during 2024-2032?
3. What are the key factors driving the global automotive adhesives market?
4. What has been the impact of COVID-19 on the global automotive adhesives market?
5. What is the breakup of the global automotive adhesives market based on the resin type?
6. What is the breakup of the global automotive adhesives market based on the vehicle type?
7. What is the breakup of the global automotive adhesives market based on the application?
8. What are the key regions in the global automotive adhesives market?
9. Who are the key players/companies in the global automotive adhesives market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Adhesives Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Hot Melt
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Solvent Based
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Water Based
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Pressure Sensitive
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Resin Type
7.1 Polyurethane
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Epoxy
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Acrylic
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Silicone
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 SMP
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Polyamide
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Vehicle Type
8.1 Passenger Vehicles
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Light Commercial Vehicles
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Heavy Commercial Vehicles
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Body in White (BIW)
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Powertrain
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Paint Shop
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Assembly
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 3M Company
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Avery Dennison Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 BASF SE
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Bostik SA (Arkema S.A.)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Covestro AG
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Dow Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 DuPont de Nemours Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 H.B. Fuller Company
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Henkel AG & Co. KGaA
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Huntsman Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Illinois Tool Works Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Nitto Denko Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
15.3.13 PPG Industries Inc.
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis
15.3.14 Sika AG
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
15.3.14.3 Financials
15.3.15 Solvay S.A.
15.3.15.1 Company Overview
15.3.15.2 Product Portfolio
15.3.15.3 Financials
15.3.15.4 SWOT Analysis
List of Figures
Figure 1: Global: Automotive Adhesives Market: Major Drivers and Challenges
Figure 2: Global: Automotive Adhesives Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Automotive Adhesives Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Automotive Adhesives Market: Breakup by Technology (in %), 2023
Figure 5: Global: Automotive Adhesives Market: Breakup by Resin Type (in %), 2023
Figure 6: Global: Automotive Adhesives Market: Breakup by Vehicle Type (in %), 2023
Figure 7: Global: Automotive Adhesives Market: Breakup by Application (in %), 2023
Figure 8: Global: Automotive Adhesives Market: Breakup by Region (in %), 2023
Figure 9: Global: Automotive Adhesives (Hot Melt) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Automotive Adhesives (Hot Melt) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Automotive Adhesives (Solvent Based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Automotive Adhesives (Solvent Based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Automotive Adhesives (Water Based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Automotive Adhesives (Water Based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Automotive Adhesives (Pressure Sensitive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Automotive Adhesives (Pressure Sensitive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Automotive Adhesives (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Automotive Adhesives (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Automotive Adhesives (Polyurethane) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Automotive Adhesives (Polyurethane) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Automotive Adhesives (Epoxy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Automotive Adhesives (Epoxy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Automotive Adhesives (Acrylic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Automotive Adhesives (Acrylic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Automotive Adhesives (Silicone) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Automotive Adhesives (Silicone) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Automotive Adhesives (SMP) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Automotive Adhesives (SMP) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Automotive Adhesives (Polyamide) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Automotive Adhesives (Polyamide) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Automotive Adhesives (Other Resin Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Automotive Adhesives (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Automotive Adhesives (Passenger Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Automotive Adhesives (Passenger Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Automotive Adhesives (Light Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Automotive Adhesives (Light Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Automotive Adhesives (Heavy Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Automotive Adhesives (Heavy Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Automotive Adhesives (Body in White (BIW)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Automotive Adhesives (Body in White (BIW)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Global: Automotive Adhesives (Powertrain) Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Global: Automotive Adhesives (Powertrain) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Global: Automotive Adhesives (Paint Shop) Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Global: Automotive Adhesives (Paint Shop) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Global: Automotive Adhesives (Assembly) Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Global: Automotive Adhesives (Assembly) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: North America: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: North America: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: United States: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: United States: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Canada: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Canada: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Asia-Pacific: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Asia-Pacific: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: China: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: China: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Japan: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Japan: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: India: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: India: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: South Korea: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: South Korea: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Australia: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Australia: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Indonesia: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Indonesia: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Europe: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Europe: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Germany: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Germany: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: France: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: France: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: United Kingdom: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: United Kingdom: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Italy: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Italy: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Spain: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Spain: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Russia: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Russia: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Others: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Others: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Latin America: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Latin America: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Brazil: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Brazil: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 89: Mexico: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 90: Mexico: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Others: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 92: Others: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Middle East and Africa: Automotive Adhesives Market: Sales Value (in Million US$), 2018 & 2023
Figure 94: Middle East and Africa: Automotive Adhesives Market: Breakup by Country (in %), 2023
Figure 95: Middle East and Africa: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 96: Global: Automotive Adhesives Industry: SWOT Analysis
Figure 97: Global: Automotive Adhesives Industry: Value Chain Analysis
Figure 98: Global: Automotive Adhesives Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Automotive Adhesives Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Automotive Adhesives Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 3: Global: Automotive Adhesives Market Forecast: Breakup by Resin Type (in Million US$), 2024-2032
Table 4: Global: Automotive Adhesives Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 5: Global: Automotive Adhesives Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Automotive Adhesives Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Automotive Adhesives Market: Competitive Structure
Table 8: Global: Automotive Adhesives Market: Key Players

Companies Mentioned

  • 3M Company
  • Avery Dennison Corporation
  • BASF SE
  • Bostik SA (Arkema S.A.)
  • Covestro AG
  • Dow Inc.
  • DuPont de Nemours Inc.
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Huntsman Corporation
  • Illinois Tool Works Inc.
  • Nitto Denko Corporation
  • PPG Industries Inc.
  • Sika AG
  • Solvay S.A.

Methodology

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Table Information

Report AttributeDetails
No. of Pages140
PublishedJuly 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 6.2 Billion
Forecasted Market Value ( USD ) by 2032 $ 9.2 Billion
Compound Annual Growth Rate4.5%
Regions CoveredGlobal
No. of Companies Mentioned15

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