Automotive adhesives are specialized bonding agents used in vehicle manufacturing and assembly to join various components and materials, replacing or supplementing traditional mechanical fasteners such as screws, rivets, and welds. These adhesives are designed to provide strong, durable bonds while also enhancing the performance and efficiency of vehicles. They play a crucial role in the automotive industry by enabling the use of lightweight materials such as aluminum, composites, and plastics, which help reduce the overall weight of vehicles, leading to improved fuel efficiency and reduced emissions.
The surge in demand for lightweight vehicles is a major driver for the automotive adhesives market, as manufacturers increasingly prioritize reducing vehicle weight to enhance fuel efficiency and meet stringent emission regulations. Lightweight vehicles, which incorporate materials such as aluminum, composites, and high-strength plastics, offer improved mileage and lower carbon emissions compared to traditional, heavier vehicles.
Automotive adhesives play a crucial role in the assembly of these lightweight materials, as they provide a strong and flexible bond. Adhesives enable manufacturers to join different types of materials efficiently, maintaining structural integrity and safety while contributing to the overall weight reduction strategy. All these factors are expected to drive the demand for the automotive adhesives market during the forecast period.
However, the high cost of advanced adhesives is a significant factor that hampers the growth of the automotive adhesive market. Advanced adhesives developed with cutting-edge technologies and high-performance materials come with a higher price tag compared to conventional adhesive solutions. This cost increase is primarily due to the sophisticated production processes, extensive research and development, and the use of specialized raw materials required to create these high-performance products. All these factors hamper automotive adhesives market growth.
Technological advancements in adhesive formulations are creating significant opportunities for the automotive adhesives market by enhancing the performance and expanding the applications of these materials. Modern adhesive formulations are being developed to withstand extreme conditions such as high temperatures, humidity, and chemical exposure, which are common in automotive environments.
For instance, advanced heat-resistant adhesives are becoming crucial as the demand for electric vehicles (EVs) grows, where thermal management is a critical concern, especially in battery and electronic components. These innovations improve the durability and reliability of the adhesives and enable manufacturers to meet safety and performance standards more efficiently. All these factors are anticipated to offer new growth opportunities for the automotive adhesives market during the forecast period.
The automotive adhesives market is segmented into resin type, technology, vehicle type, application, and region. On the basis of resin type, the market is classified into polyurethane, epoxy, acrylics, silicone, SMP, polyamide, and others. On the basis of technology, the market is segmented into hot melt, solvent based, water based, pressure sensitive, and others. On the basis of vehicle type, the market is classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. On the basis of application, the market is classified into body-in-white (BIW), powertrain, paint shop, and assembly. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
On the basis of resin type, the market is classified into polyurethane, epoxy, acrylics, silicone, SMP, polyamide, and others. The polyamide segment accounted for less than one-fourth of the automotive adhesives market share in 2023 and is expected to maintain its dominance during the forecast period. Polyamide-based adhesives are known for their excellent resistance to high temperatures and chemicals that make them suitable for various automotive applications where thermal and chemical exposure are common.
As vehicles become more sophisticated, with the inclusion of components that generate heat (such as engines, batteries in electric vehicles, and other electronic parts), polyamide adhesives are increasingly preferred for their ability to withstand extreme environments without degrading. This capability ensures the longevity and reliability of critical automotive components, contributing to their widespread adoption.
On the basis of technology, the market is segmented into hot melt, solvent based, water based, pressure sensitive, and others. The water based segment accounted for less than half of the automotive adhesives market share in 2023 and is expected to maintain its dominance during the forecast period. The rise of electric vehicles (EVs) is influencing the demand for water-based adhesives in the automotive sector. EVs rely on lightweight materials such as composites and aluminum, to optimize energy efficiency and extend battery life. Water-based adhesives are well-suited for these lightweight materials, providing effective bonding while maintaining structural integrity without adding significant weight.
Moreover, they offer flexibility and durability, ensuring strong adhesion even under varying thermal conditions, which is crucial for EV applications. As automotive manufacturers increasingly prioritize sustainability and the development of lighter, more efficient vehicles, the use of water-based adhesives is becoming more widespread, further driving their demand in the market.
On the basis of vehicle type, the market is classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment accounted for less than three-fourths of the automotive adhesives market share in 2023 and is expected to maintain its dominance during the forecast period. Governments and regulatory bodies are implementing stringent emission standards, encouraging automakers to produce lighter vehicles that consume less fuel.
Automotive adhesives play a crucial role in this shift, as they offer strong, reliable bonds that allow for the integration of lightweight materials such as aluminum, carbon fiber, and advanced composites instead of traditional metal components. By replacing mechanical fasteners and welding methods with adhesives, manufacturers achieve significant weight reductions while maintaining the vehicle's structural integrity and safety that makes adhesives essential in the production of modern passenger vehicles.
On the basis of application, the market is classified into steam and body-in-white (BIW), powertrain, paint shop, and assembly. The body-in-white (BIW) segment accounted for more than two-fifths of the automotive adhesives market share in 2023 and is expected to maintain its dominance during the forecast period. In BIW construction, manufacturers aim to reduce the overall weight of vehicles to improve fuel efficiency and decrease emissions.
Adhesives play a critical role in this process by enabling the bonding of lightweight materials such as aluminum, high-strength steel, and composites. Compared to traditional welding or mechanical fastening methods, which add weight or compromise material integrity, adhesives provide a strong, flexible bond without adding significant weight. They distribute stress more evenly across bonded surfaces, contributing to enhanced crash performance and overall safety.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA. The Asia-Pacific region accounted for more than two-fifths of the automotive adhesives market share in 2023 and is expected to maintain its dominance during the forecast period. The automotive adhesives market in the Asia-Pacific region is primarily driven by the rapid expansion of the automotive industry, supported by increasing vehicle production and sales. Countries such as China, India, Japan, and South Korea are significant automotive manufacturing hubs, benefiting from large-scale investments and the presence of major global and local automotive companies.
The Increase in consumer demand for vehicles and growing urbanization, the region is experiencing a surge in automotive manufacturing activities. This growth necessitates advanced bonding solutions such as automotive adhesives, which enable manufacturers to meet the increasing demand for lightweight, fuel-efficient, and technologically advanced vehicles.
Key players in the automotive adhesives market include Henkel AG & Co. KGaA, Bostik SA, 3M, DOW, Sika AG, H.B. Fuller Company, PPG INDUSTRIES, INC, Jowat SE, Illinois Tool Works Inc., and Solvay.
Key findings of the study
- On the basis of resin type, the acrylics segment is anticipated to grow at the fastest CAGR of 6.7% during the forecast period.
- On the basis of technology, the others segment is anticipated to grow at the fastest CAGR of 6.4% during the forecast period.
- By application, the assembly segment is anticipated to grow at the fastest CAGR during the forecast period.
- On the basis of vehicle type, the heavy commercial vehicle segment is anticipated to grow at the fastest CAGR of 6.1% during the forecast period.
- Region-wise, Asia-Pacific has the highest share in 2022 in terms of revenue.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive adhesives market analysis from 2023 to 2033 to identify the prevailing automotive adhesives market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automotive adhesives market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automotive adhesives market trends, key players, market segments, application areas, and market growth strategies.
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- Analysis of raw material in a product (by %)
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Key Market Segments
By Resin Type
- Polyurethane
- Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Epoxy
- Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commerical Vehicle
- Acrylics
- Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Silicone
- Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- SMP
- Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Polyamide
- Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Others
- Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Technology
- Hot melt
- Solvent Based
- Water based
- Pressure Sensitive
- Others (Reactive and Thermosetting)
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Application
- Body-in-White (BIW)
- Resin Type
- Polyurethane
- Epoxy
- Acrylics
- Silicone
- SMP
- Polyamide
- Others
- Powertrain
- Resin Type
- Polyurethane
- Epoxy
- Acrylics
- Silicone
- SMP
- Polyamide
- Others
- Paint Shop
- Resin Type
- Polyurethane
- Epoxy
- Acrylics
- Silicone
- SMP
- Polyamide
- Others
- Assembly
- Resin Type
- Polyurethane
- Epoxy
- Acrylics
- Silicone
- SMP
- Polyamide
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- 3M
- Bostik SA
- Dow
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Illinois Tool Works Inc.
- Jowat SE
- PPG INDUSTRIES, INC
- Sika AG
- Solvay
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Table of Contents
Executive Summary
According to a new report titled, Automotive adhesives market by resin type, by technology, by application, and by vehicle type: Global Opportunity Analysis and Industry Forecast, 2020-2030,The global automotive adhesives market size was valued at $4.7 billion in 2020, and projected to reach $8.4 billion by 2030, with a CAGR of 5.9% from 2021 to 2030.
Adhesives are lightweight components used to bind composites and lightweight materials. The use of adhesives in automotive manufacturing processes offers the designers additional possibilities to exploit new, innovative design, and manufacturing concepts. In addition, adhesive bonding allows combining different types of materials such as aluminum with other metals, plastics, and composites, which otherwise are not reliably joint or would require additional measures to avoid galvanic corrosion effects.
The global automotive adhesives market is presently witnessing significant growth, owing to increase in demand for lightweight and low carbon-emitting vehicles. Moreover, rise in use of aluminum in automobile manufacturing to reduce the weight of automobiles fuels the adoption of automobile adhesives. In addition, increase in use of plastics and composite materials in the process to manufacture smart vehicles based on sustainable adhesives in developing economies is another factor that boosts the market growth. High economic growth rate and the increase in demand from end-use industry further supplement the growth of the market.
The growth of the market is driven by rise in sales of automotive adhesives owing to underlying strength in vehicle sales, technological advancements in the manufacturing of automobiles, and the adoption of smart cars. Increase in adoption of adhesives among the vehicle manufacturers reduces the mass of vehicle; increases front & rear lateral body stiffness; enhances crash performance; and minimizes noise vibration as well as harshness.
The major factor restraining the growth of the automotive adhesive market is the toxicity of conventional automotive adhesives that remains a major concern in terms of environmental impact. In addition to this, issues based on aging, curing, and surface preparation directly restrains speed of bonding, as compared to alternatives like welding, which hamper U.S.ge of automotive adhesives.
The global automotive adhesives market is segmented on the basis of resin type, technology, application, vehicle type, and region. On the basis of resin type, the market is classified into polyurethanes, epoxy, acrylics, silicone, Silyl Modified Polymer, polyamide, and others (rubber and phenolic). By technology, it is categorized into hot melt, solvent based, water based, pressure sensitive, and others (reactive and thermosetting). Depending on application, it is divided into body-in-white, power train, paint shop, and assembly. As per vehicle type, it is fragmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include Henkel & Co. KGaA, Bostik S.A., 3M Company, The DOW Chemical Company, Sika AG, H.B. Fuller, PPG Industries, Jowat AG, Illinois Tool Works Corporation, and Solvay S.A.,. Rapid urbanization and development of transportation infrastructure in emerging economies and presence of excess income among the middle class population have led to surge in demand for personal vehicles, which has fueled the demand for automotive adhesives. Increase in awareness among people regarding the electric vehicles and the government policies to support the green energy vehicles are expected to lead to demand for automotive adhesives. Additional growth strategies such as expansion of production capacities, acquisition, and partnership in the development of the innovative products from manufacturers have helped to attain key developments in the global automotive adhesives market trends.
Impact Of Covid-19 On The Global Automotive Adhesives Market
- Emergence of COVID-19 had a negative impact on the growth of the automotive adhesives market during this period
- This impact is mostly attributed to the significant disruptions in the raw material transportation, presence of low-labor, shutdown of many manufacturing industries hence decrease in the demand for Automotive adhesives market during this period
- The decrease in demand for many non-essential products and shut down of electrical, automotive, and other manufacturing related industries has created a negative impact on the development of automotive adhesives market
- The increasing demand for environment friendly manufacturing products and increase in awareness among the people towards the environment will hamper the growth of automotive adhesives market
- Thus, the abovementioned factors are expected to have great impact on the development of automotive adhesives market growth in this forecast period
Key Findings Of The Study
- Region wise, the Asia-Pacific is projected to witness growth at the highest CAGR in terms of revenue, during the forecast period
- As per global automotive adhesives market analysis, by resin type, the polyamide segment accounted for the largest share in 2020
- On the basis of technology, the water based segment was the major share contributor in 2020
- On the basis of vehicle type, the passenger vehicles segment was the major share contributor in 2020
- On the basis of application, the body-in-white segment was the major share contributor in 2020
Companies Mentioned
- 3M
- Bostik SA
- Dow
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Illinois Tool Works Inc.
- Jowat SE
- PPG INDUSTRIES, INC
- Sika AG
- Solvay
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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