Automotive Adhesives Markets: PU, Epoxy, Acrylic, Silicone, SMP, MMA – Global Forecast to 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Automotive Adhesives Market by Resin Type (PU, Epoxy, Acrylic, Silicone, SMP, MMA), Application (Body In White, Paint Shop, Assembly, Powertrain), Vehicle Type (Passenger Cars, LCVS, Trucks, Buses, Aftermarkets), & Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The automotive adhesives market is projected to grow from USD 6.6 billion in 2020 to USD 9.3 billion, at a CAGR of 5.9% between 2021 and 2026.

The growing trend for lightweight and low carbon-emitting vehicles and the high demand for automotive adhesives from APAC are the drivers in the market. The major growth opportunities in the automotive adhesives market are in India, China, Brazil, Mexico, and other emerging economies. adhesives improve the aesthetic appeal of end products as bolts, rivets, and welds are not required to be used, and thus making these viable for numerous applications involving assembly line, body in white and others.

SMP is the fastest-growing resin type of the automotive adhesives market.

Silane-modified polymer adhesives have a smaller market share compared to other types. However, the market for this segment is projected to grow at the highest rate due to stringent environmental regulations on other adhesives in the market. These regulations prohibit the use of highly toxic solvents which have VOC emissions. As SMP adhesives are odorless, free of isocyanates and solvents, and emit no VOCs, their demand is expected to increase. The automotive & transportation industry continuously demands more advanced and improved bonding adhesives that offer excellent adhesion, superior durability, chemical & temperature resistance, and low shrinkage.

Passenger cars segment is projected to be the fastest-growing automotive adhesives market.

The passenger cars segment is projected to grow at the highest CAGR during the forecast period, 2021 to 2026. In the coming future, younger generations will be a significant driver in the development of more sustainable and convenient modes of commute. The future is expected to be ruled by passenger cars which may be electric, autonomous, and shared mobility, globally. This is expected to drive the market for the passenger cars segment.

APAC is the largest and projected to be the fastest-growing automotive adhesives market.

APAC is the largest as well as the fastest-growing automotive adhesives market. It encompasses a diverse range of economies with different levels of economic development and multiple industries. Growth is attributed mainly to booming economies such as China and India, among other few smaller countries, such as Indonesia, and Thailand.

China is the leader in the market for automotive adhesives in terms of demand in the Asia Pacific. India is a rapidly emerging nation in the market due to the growth in the use of automotive adhesives. The key market players are expanding their automotive adhesives production in APAC, especially in China, Japan, and India.

The key companies profiled in this report are Henkel (Germany), Arkema (Bostik) (France), 3M (US), Dupont (US), H.B. Fuller (US), Sika (Switzerland), and Huntsman (US).

Premium Insights

• Automotive Adhesives Market to Grow due to Increasing Demand from Emerging Economies
• SMP Segment to Register the Fastest Growth
• Body in White (BIW) Segment and China Accounted for the Largest Shares
• Developing Markets to Grow Faster Than Developed Markets
• India to be the Fastest-Growing Market in the Region

Market Dynamics

Drivers

• Growing Demand for Lightweight and Low Carbon-Emitting Vehicles
• High Demand for Automotive Adhesives from APAC
• Technological Advancements in Adhesives for End-Use Industries
• Automobile Manufacturers Increasingly Investing in EVs due to Government Regulations and Purchase Incentives
• Replacing Traditional Fastening Systems in Automobiles

Restraints

• Volatility in Raw Material Prices

Opportunities

• Growing Demand for Low-VOC, Green, and Sustainable Adhesives
• Scope for Growth of Autonomous EVs

Challenges

• Stringent and Time-Consuming Regulatory Policies
• Liquidity Crunch due to COVID-19 on the Automotive Industry

Porter’s Five Forces Analysis

Companies Mentioned

• 3M Company
• Anabond Limited
• Arkema (Bostik)
• Ashland
• Cattie Adhesives
• Delo Industrie Klebstoffe GmbH & Co. KGaA
• Dupont (Dowdupont)
• Dymax Corporation
• Ems-Chemie Holding Ag
• H.B. Fuller Company
• Henkel Ag
• Hernon Manufacturing Inc.
• Huntsman International LLC.
• Illinois Tool Works Inc.
• Innovative Resin Systems, Inc.
• Jowat Se
• Klebchemie M. G. Becker GmbH (Kleiberit Adhesives)
• L&L Products
• Lord Corporation
• Master Bond Inc.
• Metlok Private Limited
• Permabond LLC.
• PPG Industries, Inc.
• Scott Bader Company Ltd.
• Sika Ag
• Sunstar Engineering Group
• Threebond Co., Ltd.
• Uniseal Inc.
• Unitech Co., Ltd.
• Weicon GmbH & Co. Kg

For more information about this report visit https://www.researchandmarkets.com/r/hqqa6q

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

[email protected]
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900