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 - Global Forecast to 2026
Automotive Adhesives Market
The global automotive adhesives market size was valued at USD 6.6 billion in 2020 and is projected to reach USD 9.3 billion by 2026, growing at a cagr 5.9% from 2021 to 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 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.
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COVID-19 Impact on the Global Automotive Adhesives Market
COVID-19 has made a significant economic impact on various financial as well as industrial sectors, such as travel and tourism, manufacturing, and aviation. The worst economic recession is expected during 2020-2021, according to World Bank and IMF. With the increasing number of countries imposing and extending lockdowns, economic activities are declining, impacting the global economy.
In the recent past, the global economy became substantially more interconnected. The adverse consequences of various steps related to the containment of COVID-19 are evident from global supply chain disruptions, weaker demand for imported products and services, and an increase in the unemployment rate. Risk aversion has increased in the financial market, with all-time low interest rates and sharp declines in equity and commodity prices. Consumer and business confidence have also reduced significantly.
Automotive Adhesives Market Dynamics
Driver: High demand for automotive adhesives from APAC
The demand for automotive adhesives in the APAC region is mainly driven by China and India. According to the China Adhesive Association, currently, China is the world's leading market for adhesives, in terms of production and demand, due to the large number of vehicles manufactured in the country.
Japan is the second-largest market for automotive adhesives in the APAC region. Currently, eco-friendly adhesives are popular in the Japanese market because the country’s government enacted laws to regulate VOC emissions in April 2006. In the adhesives industry, plants or factories with drying fan capacities of more than 15 thousand square meters per hour are mandated to keep VOC emissions below 1,400 ppmC (hydrocarbon concentration parts per million).
In India, the ‘Make in India’ movement is backing the growth of the automotive adhesives market. Global car manufacturers are ramping up investments in the country to cater to the growing domestic demand.
Restraint: Volatility in raw material prices
The price and availability of raw materials are the key factors considered by adhesive manufacturers for determining the cost structure of their products. Raw materials used by the adhesive industry include plastic resins, inorganic chemicals, industrial inorganic chemicals, and refined petroleum products. Most of these raw materials are petroleum-based derivatives and are vulnerable to fluctuations in commodity prices. Crude oil prices have been highly volatile in recent times. Increasing global demand and unrest in the Middle East have been primarily responsible for this price fluctuation.
Opportunity: Scope for growth of autonomous EVs
Autonomous EVs are electric vehicles that are self-parking, driverless, or robotic. According to the survey done by the optimists on localization methods for autonomous vehicles in smart cities, autonomous vehicles are expected to be sufficiently reliable and affordable to replace most human driving by 2030. They compute billions of data points each second from an array of sensors, cameras, and radar systems, which together are called Advanced Driver Assistance Systems. The current adoption rate is 20% and is expected to grow over the next few years. There are different types of adhesives used in cameras, radars, and sensors in electric vehicles. With the development and commercialization of autonomous EVs, the demand for EV adhesives is likely to increase in the near future. This will provide significant growth opportunities for automotive adhesive manufacturers.
Challenge: Stringent and time-consuming regulatory policies
The automotive adhesives market is challenged by stringent regulatory requirements. Automotive adhesive manufacturers must comply with VOC emission standards set by various national and regional bodies. In doing so, many adhesive suppliers have to invest a lot of money to revamp their operations, which adds to the cost of the product.
Growing concern about the ill effects of formaldehyde and other VOCs on human health has triggered the development of low- and no-VOC adhesives. This technological evolution is very significant, given the increasing use of adhesives in our daily life.
In the US, any new low-VOC adhesive must comply with the performance standards established by ASTM International to gain acceptability in the market. The ASTM Technical Committee D14 develops standard parameters for compounding adhesives and engages in research on adhesives, including clarification on the nature of adhesion.
Assembly is the fastest-growing application in the automotive adhesives market.
With the increasing advancements in the automobiles, such as higher usage of sensors, infotainment systems, and body panels, the amount of adhesive usage has increased in the automotive industry. There is a vast demand arising from the APAC region after the maturity of the European and North American markets. APAC is the largest market for passenger cars and is expected to account for 60% of global production by 2025.
South America region follows APAC is also expecting positive growth due to countries such as Brazil and Argentina. These countries are witnessing growth in automotive manufacturing plants in the region.
Methyl methacrylate (MMA)-based automotive adhesives are expected to grow at the second-highest rate
The use of MMA adhesives in the automotive & transportation industry is increasing as they reduce the weight of vehicles and offer excellent performance characteristics. These adhesives find application in auto components as well as in the interiors and exteriors of automobiles. The use of adhesives has revolutionized the building and design processes in the automotive industry.
In automobile manufacturing, adhesives are used for joining seats, spoilers, tailgates, side skirts, bumpers, headlights, dashboards, and others. They are also used to bond newer materials in the automotive industry, such as ABS/PC, CFRP, aluminum, and coated metals.
Mexico is the fastest-growing market for the automotive industry in North America
The GDP of Mexico was USD 1.08 trillion in 2020. Growing demand from the automotive industry is expected to boost the demand for adhesives in Mexico. However, growing environmental concerns and volatile prices of raw materials and crude oil are expected to hinder the market growth.
According to OICA 2019, the total production of vehicles in Mexico was 3.98 million units, including 2.6 million units of commercial vehicles and 1.38 million units of passenger cars. The rising population, improving lifestyle, and proximity to the US have favored the Mexican automotive industry. This growth is expected to fuel the automotive electronic parts & assemblies demand in the country, which is likely to drive the demand for automotive adhesives in Mexico.
According to the data of the National Institute and Statistics and Geography (Inegi), in 2020, the Mexican auto exports, primarily to the US, were 2,681,806 cars, a 20.85% decrease from the previous year. This led Mexico to the fourth position among the largest auto exporters in the world.
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Automotive Adhesives Market Players
Henkel (Germany), Arkema (Bostik) (France), 3M (US), Dupont (US), H.B. Fuller (US), Sika (Switzerland), and Huntsman (US) are some of the players operating in the global market.
Automotive Adhesives Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2020 |
USD 6.6 billion |
|
Revenue Forecast in 2026 |
USD 9.3 billion |
|
CAGR |
5.9% |
|
Years considered for the study |
2017-2026 |
|
Base year |
2020 |
|
Forecast period |
2021-2026 |
|
Units considered |
Value (USD Million) and Volume (Kiloton) |
|
Segments |
Resin type, Vehicle type, and Application. |
|
Regions |
APAC, North America, Europe, the Middle East & Africa, and South America |
|
Companies |
Henkel (Germany), Arkema (Bostik) (France), 3M (US), Dupont (US), H.B. Fuller (US), Sika (Switzerland), and Huntsman (US). |
This research report categorizes the automotive adhesives market based on resin, vehicle type, application, and region.
Based on the resin type:
- Polyurethane
- Epoxy
- Acrylics
- Silicone
- SMP
- MMA
- Others (polysulfide, rubber, polyamide, and others)
Based on the application:
- Body in white
- Paint Shop
- Assembly
- Power Train
Based on vehicle type:
- Passenger cars
- LCVs
- Trucks
- Buses
- Aftermarket
Based on the region:
- APAC
- North America
- Europe
- Middle East & Africa
- South America
Recent Developments
- In April 2019, Henkel announced the opening of its new OEM Application Center in Rocky Hill, CT. The lab expands Henkel’s capabilities to deliver innovative solutions and design customized applications, technologies, and production processes to serve customer needs better.
- In February 2019, Huntsman introduced its latest innovation in high-performance adhesives with the launch of new fast-curing, two-part acrylate adhesives range; ARALDITE 2050 and ARALDITE 2051. These adhesives are meant to sustain extreme conditions. These adhesives are designed to accelerate the automotive bonding of thermoplastics, composites, and metals and provide high toughness and resilience to vibrations, impact, and dynamic loading at a high range of temperatures.
- In June 2018, to broaden its product portfolio, Sika launched Sikaflex-268 PowerCure, an accelerated one-component polyurethane adhesive and sealant for the transportation market for vehicle glass and assembly applications. Sikaflex-268 PowerCure has strong weathering resistance and unique resistivity against a wide variety of cleaning agents, especially those used in the rail industry.
Frequently Asked Questions (FAQ):
What is the mid-to-long term impact of the developments undertaken in the industry?
Continuous developments in the market, including new product launches, mergers & acquisitions, investments & expansions, and partnership and agreement are expected to help the market grow. New product launches and mergers & acquisitions are the key strategies adopted by companies operating in this market.
What are the upcoming technologies used in automotive adhesives industry?
The automotive adhesives market is segmented based on technology as solvent-based, water-based, hot-melt, reactive, and others. Formulating technologies that do not emit VOC fumes are gaining prominence among adhesive manufacturers. Typical examples of such technologies are hot-melt, water-based, and solvent-free acrylic systems. The manufacturers also prefer these technologies as they save process time and investments.
Which segment has the potential to register the highest market share?
SMP-based automotive adhesives 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 with VOC content. As SMP adhesives are odorless, free of isocyanates and solvents, and emit no VOCs, their demand is expected to increase.
What is the current competitive landscape in the automotive adhesives market in terms of new technologies, production, and sales?
The competitive landscape of the automotive adhesives market includes the important growth strategies adopted by the key players between 2016 and 2021. Henkel, Arkema, H.B. Fuller, 3M, ITW, and Sika are some of the leading players that have adopted different growth strategies such as merger & acquisition, investment & expansion, partnership & agreement, and new product launch in the automotive adhesives market.
What will be the growth prospects of the automotive adhesives market?
Autonomous EVs are electric vehicles that are self-parking, driverless, or robotic. According to the survey done by the optimists on localization methods for autonomous vehicles in smart cities, autonomous vehicles are expected to be sufficiently reliable and affordable to replace most human driving by 2030. They compute billions of data points each second from an array of sensors, cameras, and radar systems, which together are called Advanced Driver Assistance Systems. The current adoption rate is 20% and is expected to grow over the next few years. There are different types of adhesives used in cameras, radars, and sensors in electric vehicles. With the development and commercialization of autonomous EVs, the demand for EV adhesives is likely to increase in the near future. This will provide significant growth opportunities for automotive adhesive manufacturers. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 39)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET INCLUSIONS AND EXCLUSIONS
1.3.1 MARKET INCLUSIONS
1.3.2 MARKET EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 AUTOMOTIVE ADHESIVES MARKET SEGMENTATION
1.4.2 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 UNIT CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 43)
2.1 RESEARCH DATA
FIGURE 1 AUTOMOTIVE ADHESIVES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key primary data sources
2.1.2.2 Key data from primary sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 2 AUTOMOTIVE ADHESIVES MARKET SIZE ESTIMATION
FIGURE 3 MARKET, BY REGION
FIGURE 4 MARKET, BY APPLICATION
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH, BY APPLICATION
FIGURE 6 MARKET SIZE ESTIMATION, BY APPLICATION
2.2.2 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
FIGURE 8 MARKET SIZE ESTIMATION: BY REGION
2.3 MARKET FORECAST APPROACH
2.3.1 SUPPLY-SIDE FORECAST
2.3.2 DEMAND-SIDE FORECAST PROJECTION
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 AUTOMOTIVE ADHESIVES MARKET: DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 ASSUMPTIONS
2.7 RISK ANALYSIS ASSESSMENT
2.8 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 54)
TABLE 1 AUTOMOTIVE ADHESIVES MARKET SNAPSHOT
FIGURE 10 APAC TO BE THE LARGEST AND FASTEST-GROWING REGIONAL-LEVEL MARKET BETWEEN 2021 AND 2026
FIGURE 11 BODY IN WHITE (BIW) TO BE THE LARGEST APPLICATION BETWEEN 2021 AND 2026
FIGURE 12 PASSENGER CARS TO BE THE LARGEST VEHICLE TYPE
FIGURE 13 POLYURETHANE SEGMENT TO LEAD THE MARKET
FIGURE 14 APAC DOMINATED THE MARKET IN 2020
TABLE 2 MAJOR PLAYERS PROFILED IN THIS REPORT
4 PREMIUM INSIGHTS (Page No. - 59)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE AUTOMOTIVE ADHESIVES MARKET
FIGURE 15 MARKET TO GROW DUE TO INCREASING DEMAND FROM EMERGING ECONOMIES
4.2 MARKET, BY RESIN TYPE
FIGURE 16 SMP SEGMENT TO REGISTER THE FASTEST GROWTH
4.3 APAC AUTOMOTIVE ADHESIVES MARKET, BY APPLICATION AND COUNTRY, 2020
FIGURE 17 BODY IN WHITE (BIW) SEGMENT AND CHINA ACCOUNTED FOR THE LARGEST SHARES
4.4 MARKET: DEVELOPED VS. DEVELOPING COUNTRIES
FIGURE 18 DEVELOPING MARKETS TO GROW FASTER THAN DEVELOPED MARKETS
4.5 APAC MARKET
FIGURE 19 INDIA TO BE THE FASTEST-GROWING MARKET IN THE REGION
5 MARKET OVERVIEW (Page No. - 62)
5.1 INTRODUCTION
5.2 VALUE CHAIN ANALYSIS
FIGURE 20 AUTOMOTIVE ADHESIVES MARKET: VALUE CHAIN ANALYSIS
TABLE 3 MARKET: ECOSYSTEM
5.2.1 COVID-19 IMPACT ON VALUE CHAIN
5.2.1.1 Action plan against current vulnerability
5.3 MARKET DYNAMICS
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE AUTOMOTIVE ADHESIVES MARKET
5.3.1 DRIVERS
5.3.1.1 Growing demand for lightweight and low carbon-emitting vehicles
5.3.1.2 High demand for automotive adhesives from APAC
5.3.1.3 Technological advancements in adhesives for end-use industries
5.3.1.4 Automobile manufacturers increasingly investing in EVs due to government regulations and purchase incentives
5.3.1.5 Replacing traditional fastening systems in automobiles
5.3.2 RESTRAINTS
5.3.2.1 Volatility in raw material prices
FIGURE 22 TRENDS IN THE PRICE OF CRUDE OIL BETWEEN 2017 AND 2030
5.3.3 OPPORTUNITIES
5.3.3.1 Growing demand for low-VOC, green, and sustainable adhesives
5.3.3.2 Scope for growth of autonomous EVs
5.3.4 CHALLENGES
5.3.4.1 Stringent and time-consuming regulatory policies
5.3.4.2 Liquidity crunch due to COVID-19 on the automotive industry
5.4 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 AUTOMOTIVE ADHESIVES MARKET: PORTER’S FIVE FORCES ANALYSIS
5.4.1 THREAT OF NEW ENTRANTS
5.4.2 THREAT OF SUBSTITUTES
5.4.3 BARGAINING POWER OF SUPPLIERS
5.4.4 BARGAINING POWER OF BUYERS
5.4.5 INTENSITY OF RIVALRY
5.5 MACROECONOMIC INDICATORS
5.5.1 INTRODUCTION
5.5.2 TRENDS AND FORECAST OF GDP
TABLE 5 TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2018–2025
5.6 KEY INDUSTRY TRENDS
5.6.1 TRENDS IN AUTOMOTIVE INDUSTRY
TABLE 6 AUTOMOTIVE INDUSTRY PRODUCTION (2019–2020)
5.6.2 ELECTRIC VEHICLE MODELS, 2019–2028
TABLE 7 ELECTRIC VEHICLE MODELS, 2019–2028
5.7 REGULATORY LANDSCAPE
5.7.1 VOC EMISSION FROM ADHESIVES IN AUTOMOTIVE
5.7.2 EPA: CONTROL OF VOLATILE ORGANIC COMPOUNDS (VOCS)
TABLE 8 VOC CONTENT LIMITS FOR ADHESIVES, APPLIED TO PARTICULAR SUBSTRATES
TABLE 9 VOC CONTENT LIMITS FOR ADHESIVES APPLIED TO LISTED SUBSTRATES
5.7.3 EXEMPTIONS AND EXCEPTIONS
5.7.4 VOCS IN ASIA
5.7.5 VOCS IN EUROPE
5.7.6 CHANGING LANDSCAPE
5.8 COVID-19 IMPACT ANALYSIS
5.8.1 COVID-19 ECONOMIC ASSESSMENT
FIGURE 23 LATEST WORLD ECONOMIC OUTLOOK GROWTH PROJECTIONS
5.8.2 COVID-19 ECONOMIC IMPACT – SCENARIO ASSESSMENT
FIGURE 24 FACTORS IMPACTING ECONOMY OF SELECT G20 COUNTRIES IN 2020
5.8.3 IMPACT ON AUTOMOTIVE INDUSTRY
5.8.3.1 Economic outlook by International Monetary Fund (IMF)
TABLE 10 COVID-19 IMPACT: ECONOMIC OUTLOOK, 2020–2021 (IN PERCENTAGE)
5.8.3.2 Stimulus package by G-20 countries
TABLE 11 RELIEF PACKAGES ANNOUNCED BY G-20 COUNTRIES
5.8.4 IMPACT OF COVID-19 ON AUTOMOTIVE ADHESIVES MARKET
5.8.4.1 Introduction
TABLE 12 COUNTRY-WISE COMMERCIAL VEHICLE PRODUCTION, 2019-2020
FIGURE 25 COVID-19 IMPACT ON GLOBAL SALES OF PASSENGER CARS
TABLE 13 COUNTRY-WISE MOTOR VEHICLE PRODUCTION, 2019-2020
5.9 PRICING ANALYSIS
FIGURE 26 AVERAGE PRICE COMPETITIVENESS IN AUTOMOTIVE ADHESIVES MARKET, BY REGION
FIGURE 27 AVERAGE PRICE COMPETITIVENESS IN MARKET, BY VEHICLE TYPE
5.10 ADHESIVES ECOSYSTEM
FIGURE 28 ADHESIVES ECOSYSTEM
5.11 IMPACT OF TRENDS AND TECHNOLOGY DISRUPTION ON MANUFACTURERS OF AUTOMOTIVE ADHESIVES: YC AND YCC SHIFT
FIGURE 29 AUTOMOTIVE ADHESIVES INDUSTRY: YC AND YCC SHIFT
5.11.1 AUTOMOTIVE INDUSTRY
5.11.1.1 Electric vehicles
5.11.1.2 Shared mobility
5.11.1.3 Types of batteries for electric power vehicles
5.12 TRADE SCENARIO: KEY EXPORTING AND IMPORTING COUNTRIES
5.12.1 TRADE SCENARIO 2017-2019
TABLE 14 COUNTRY-WISE EXPORT DATA, 2017–2019
TABLE 15 COUNTRY-WISE IMPORT DATA, 2017–2019
5.13 PATENT ANALYSIS
5.13.1 METHODOLOGY
5.13.2 PUBLICATION TRENDS
FIGURE 30 NUMBER OF PATENTS PUBLISHED, 2012-2021
5.13.3 TOP APPLICANTS
FIGURE 31 PATENTS PUBLISHED BY MAJOR PLAYERS, 2012-2021
5.13.4 TOP JURISDICTION
FIGURE 32 PATENTS PUBLISHED BY JURISDICTION, 2012-2021
5.14 CASE STUDY
5.14.1 RENAULT EXPECTATIONS FROM ADHESIVE TECHNOLOGY
5.14.2 RENAULT EXPECTATIONS FROM ADHESIVE MANUFACTURERS
5.15 TECHNOLOGY ANALYSIS
6 AUTOMOTIVE ADHESIVES MARKET, BY TECHNOLOGY (Page No. - 103)
6.1 INTRODUCTION
6.2 REACTIVE
6.2.1 REACTIVE TECHNOLOGY ADHESIVES HAVE FAST CURING TIME
6.3 WATER BASED
6.3.1 WATER-BASED ADHESIVES PROVIDE EXCELLENT BONDING STRENGTH TO DIFFERENT TYPES OF SUBSTRATES
6.4 HOT-MELT
6.4.1 HOT-MELT ADHESIVES HAVE FAST SETTING SPEED, LOW COST, AND LOW ENVIRONMENTAL IMPACT
6.5 SOLVENT BASED AND OTHERS
7 AUTOMOTIVE ADHESIVES MARKET, BY RESIN TYPE (Page No. - 105)
7.1 INTRODUCTION
FIGURE 33 POLYURETHANE SEGMENT TO LEAD THE AUTOMOTIVE ADHESIVES MARKET
TABLE 16 MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 17 MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 18 MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 19 MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
7.2 POLYURETHANE (PU)
7.2.1 PU-BASED ADHESIVES ARE EXTENSIVELY USED IN HIGH-MOISTURE CONDITIONS
TABLE 20 POLYURETHANE-BASED AUTOMOTIVE ADHESIVES MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
TABLE 21 POLYURETHANE-BASED MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
TABLE 22 POLYURETHANE-BASED MARKET SIZE, BY REGION, 2017–2019 (KILOTON)
TABLE 23 POLYURETHANE-BASED MARKET SIZE, BY REGION, 2020–2026 (KILOTON)
7.3 EPOXY
7.3.1 EPOXY-BASED ADHESIVES ARE DOMINANTLY USED FOR STRUCTURAL APPLICATIONS
TABLE 24 EPOXY-BASED AUTOMOTIVE ADHESIVES MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
TABLE 25 EPOXY-BASED MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
TABLE 26 EPOXY-BASED MARKET SIZE, BY REGION, 2017–2019 (KILOTON)
TABLE 27 EPOXY-BASED MARKET SIZE, BY REGION, 2020–2026 (KILOTON)
7.4 ACRYLIC
7.4.1 ACRYLIC-BASED ADHESIVES ARE LESS EXPENSIVE THAN OTHER ADHESIVES
TABLE 28 ACRYLIC-BASED AUTOMOTIVE ADHESIVES MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
TABLE 29 ACRYLIC-BASED MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
TABLE 30 ACRYLIC-BASED MARKET SIZE, BY REGION, 2017–2019 (KILOTON)
TABLE 31 ACRYLIC-BASED MARKET SIZE, BY REGION, 2020–2026 (KILOTON)
7.5 SILICONE
7.5.1 SILICONE-BASED ADHESIVES SHOW HYDROPHOBIC BEHAVIOR DUE TO THEIR LOW SURFACE TENSION PROPERTIES
TABLE 32 SILICONE-BASED AUTOMOTIVE ADHESIVES MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
TABLE 33 SILICONE-BASED MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
TABLE 34 SILICONE-BASED MARKET SIZE, BY REGION, 2017–2019 (KILOTON)
TABLE 35 SILICONE-BASED MARKET SIZE, BY REGION, 2020–2026 (KILOTON)
7.6 SILANE-MODIFIED POLYMER (SMP)
7.6.1 SMP-BASED ADHESIVES TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 36 SMP-BASED AUTOMOTIVE ADHESIVES MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
TABLE 37 SMP-BASED MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
TABLE 38 SMP-BASED MARKET SIZE, BY REGION, 2017–2019 (KILOTON)
TABLE 39 SMP-BASED MARKET SIZE, BY REGION, 2020–2026 (KILOTON)
7.7 METHYL METHACRYLATE(MMA)
7.7.1 USE OF MMA ADHESIVES IN THE AUTOMOTIVE INDUSTRY TO INCREASE OWING TO THE GROWING USAGE OF COMPOSITE MATERIALS
TABLE 40 MMA-BASED AUTOMOTIVE ADHESIVES MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
TABLE 41 MMA-BASED MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
TABLE 42 MMA-BASED MARKET SIZE, BY REGION, 2017–2019 (KILOTON)
TABLE 43 MMA-BASED MARKET SIZE, BY REGION, 2020–2026 (KILOTON)
7.8 OTHERS
TABLE 44 OTHER RESINS-BASED AUTOMOTIVE ADHESIVES MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
TABLE 45 OTHER RESINS-BASED MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
TABLE 46 OTHER RESINS-BASED MARKET SIZE, BY REGION, 2017–2019 (KILOTON)
TABLE 47 OTHER RESINS-BASED MARKET SIZE, BY REGION, 2020–2026 (KILOTON)
8 AUTOMOTIVE ADHESIVES MARKET, BY APPLICATION (Page No. - 123)
8.1 INTRODUCTION
FIGURE 34 BODY IN WHITE (BIW) TO BE THE LARGEST APPLICATION OF AUTOMOTIVE ADHESIVES
TABLE 48 AUTOMOTIVE ADHESIVES MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 49 MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 50 MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 51 MARKET SIZE, BY APPLICATION, 2020–2026 (KILOTON)
8.2 BODY IN WHITE (BIW)
8.2.1 USE OF AUTOMOTIVE ADHESIVES IN BIW HELPS REDUCE THE NUMBER OF SPOT WELDS
8.2.2 ANTIFLUTTER
8.2.3 HEM FLANGE BONDING
8.2.4 SEAM SEALING/SPOT SEALANT
8.2.5 STRUCTURAL BONDING
TABLE 52 AUTOMOTIVE ADHESIVES MARKET SIZE FOR BIW, BY REGION, 2017–2019 (USD MILLION)
TABLE 53 MARKET SIZE FOR BIW, BY REGION, 2020–2026 (USD MILLION)
TABLE 54 MARKET SIZE FOR BIW, BY REGION, 2017–2019 (KILOTON)
TABLE 55 MARKET SIZE FOR BIW, BY REGION, 2020–2026 (KILOTON)
8.3 PAINT SHOP
8.3.1 AUTOMOTIVE ADHESIVES PROVIDE PROTECTION AGAINST CORROSION
8.3.2 UNDERBODY SEALING
8.3.3 SEAM SEALING
8.3.4 UNDERBODY COATING
8.3.5 SOUND DEADENING
TABLE 56 AUTOMOTIVE ADHESIVES MARKET SIZE FOR PAINT SHOP, BY REGION, 2017–2019 (USD MILLION)
TABLE 57 MARKET SIZE FOR PAINT SHOP, BY REGION, 2020–2026 (USD MILLION)
TABLE 58 MARKET SIZE FOR PAINT SHOP, BY REGION, 2017–2019 (KILOTON)
TABLE 59 MARKET SIZE FOR PAINT SHOP, BY REGION, 2020–2026 (KILOTON)
8.4 ASSEMBLY
8.4.1 HOT-MELT ADHESIVES ARE MAINLY USED IN THE BONDING OF INTERIOR TRIMS
8.4.2 DIRECT GLAZING
8.4.3 TRIM PARTS
8.4.4 SUNROOF
8.4.5 HEADLINER
8.4.6 UPHOLSTERY
TABLE 60 AUTOMOTIVE ADHESIVES MARKET SIZE FOR ASSEMBLY, BY REGION, 2017–2019 (USD MILLION)
TABLE 61 MARKET SIZE FOR ASSEMBLY, BY REGION, 2020–2026 (USD MILLION)
TABLE 62 MARKET SIZE FOR ASSEMBLY, BY REGION, 2017–2019 (KILOTON)
TABLE 63 MARKET SIZE FOR ASSEMBLY, BY REGION, 2020–2026 (KILOTON)
8.5 POWER TRAIN
8.5.1 AUTOMOTIVE ADHESIVES IN POWER TRAIN HELP REDUCE THE WEIGHT AND SIZE OF THE VEHICLE
8.5.2 LIQUID GASKET
TABLE 64 AUTOMOTIVE ADHESIVES MARKET SIZE FOR POWER TRAIN, BY REGION, 2017–2019 (USD MILLION)
TABLE 65 MARKET SIZE FOR POWER TRAIN, BY REGION, 2020–2026 (USD MILLION)
TABLE 66 MARKET SIZE FOR POWER TRAIN, BY REGION, 2017–2019 (KILOTON)
TABLE 67 MARKET SIZE FOR POWER TRAIN, BY REGION, 2020–2026 (KILOTON)
9 AUTOMOTIVE ADHESIVES MARKET, BY VEHICLE TYPE (Page No. - 137)
9.1 INTRODUCTION
FIGURE 35 PASSENGER CARS SEGMENT TO DOMINATE THE AUTOMOTIVE ADHESIVES MARKET
TABLE 68 MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
TABLE 69 MARKET SIZE, BY VEHICLE TYPE, 2020–2026 (USD MILLION)
TABLE 70 MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (KILOTON)
TABLE 71 MARKET SIZE, BY VEHICLE TYPE, 2020–2026 (KILOTON)
9.2 PASSENGER CARS
9.2.1 RUBBER ADHESIVES ARE USED IN PASSENGER CARS IN INDOOR SYSTEMS, LIGHTING, AND PLASTIC & COMPOSITE BONDING
TABLE 72 AUTOMOTIVE ADHESIVES MARKET SIZE IN PASSENGER CARS, BY REGION, 2017–2019 (USD MILLION)
TABLE 73 MARKET SIZE IN PASSENGER CARS, BY REGION, 2020–2026 (USD MILLION)
TABLE 74 MARKET SIZE IN PASSENGER CARS, BY REGION, 2017–2019 (KILOTON)
TABLE 75 MARKET SIZE IN PASSENGER CARS, BY REGION, 2020–2026 (KILOTON)
9.3 BUSES
9.3.1 THIS SEGMENT IS GROWING WITH THE INCREASING TRANSPORTATION INFRASTRUCTURE DEMAND
TABLE 76 AUTOMOTIVE ADHESIVES MARKET SIZE IN BUSES, BY REGION, 2017–2019 (USD MILLION)
TABLE 77 MARKET SIZE IN BUSES, BY REGION, 2020–2026 (USD MILLION)
TABLE 78 MARKET SIZE IN BUSES, BY REGION, 2017–2019 (KILOTON)
TABLE 79 MARKET SIZE IN BUSES, BY REGION, 2020–2026 (KILOTON)
9.4 TRUCKS
9.4.1 TRUCKS ARE EXPECTED TO BE IN HIGH DEMAND IN THE NEXT FIVE YEARS
TABLE 80 AUTOMOTIVE ADHESIVES MARKET SIZE IN TRUCKS, BY REGION, 2017–2019 (USD MILLION)
TABLE 81 MARKET SIZE IN TRUCKS, BY REGION, 2020–2026 (USD MILLION)
TABLE 82 MARKET SIZE IN TRUCKS, BY REGION, 2017–2019 (KILOTON)
TABLE 83 MARKET SIZE IN TRUCKS, BY REGION, 2020–2026 (KILOTON)
9.5 LCVS
9.5.1 LCVS DOMINATE THE COMMERCIAL VEHICLE SEGMENT
TABLE 84 AUTOMOTIVE ADHESIVES MARKET SIZE IN LCVS, BY REGION, 2017–2019 (USD MILLION)
TABLE 85 MARKET SIZE IN LCVS, BY REGION, 2020–2026 (USD MILLION)
TABLE 86 MARKET SIZE IN LCVS, BY REGION, 2017–2019 (KILOTON)
TABLE 87 MARKET SIZE IN LCVS, BY REGION, 2020–2026 (KILOTON)
9.6 AFTERMARKET
9.6.1 AFTERMARKET IS INCREASING WITH THE CURRENT SLOWDOWN OF THE AUTOMOTIVE OEM MARKET
TABLE 88 AUTOMOTIVE ADHESIVES MARKET SIZE IN AFTERMARKET, BY REGION, 2017–2019 (USD MILLION)
TABLE 89 MARKET SIZE IN AFTERMARKET, BY REGION, 2020–2026 (USD MILLION)
TABLE 90 MARKET SIZE IN AFTERMARKET, BY REGION, 2017–2019 (KILOTON)
TABLE 91 MARKET SIZE IN AFTERMARKET, BY REGION, 2020–2026 (KILOTON)
10 AUTOMOTIVE ADHESIVES MARKET, BY REGION (Page No. - 149)
10.1 INTRODUCTION
TABLE 92 AUTOMOTIVE ADHESIVES MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
TABLE 93 MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
TABLE 94 MARKET SIZE, BY REGION, 2017–2019 (KILOTON)
TABLE 95 MARKET SIZE, BY REGION, 2020–2026 (KILOTON)
10.2 APAC
10.2.1 IMPACT OF COVID-19 ON APAC
FIGURE 36 APAC: AUTOMOTIVE ADHESIVES MARKET SNAPSHOT
TABLE 96 APAC: MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 97 APAC: MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 98 APAC: MARKET SIZE, BY COUNTRY, 2017–2019 (KILOTON)
TABLE 99 APAC: MARKET SIZE, BY COUNTRY, 2020–2026 (KILOTON)
TABLE 100 APAC: MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 101 APAC: MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 102 APAC: MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 103 APAC: MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
TABLE 104 APAC: MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 105 APAC: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 106 APAC: MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 107 APAC: MARKET SIZE, BY APPLICATION, 2020–2026 (KILOTON)
TABLE 108 APAC: MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
TABLE 109 APAC: MARKET SIZE, BY VEHICLE TYPE, 2020–2026 (USD MILLION)
TABLE 110 APAC: MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (KILOTON)
TABLE 111 APAC: MARKET SIZE, BY VEHICLE TYPE, 2020–2026 (KILOTON)
10.2.2 CHINA
10.2.2.1 The dominant market for automobile production in the APAC region
TABLE 112 CHINA: AUTOMOTIVE ADHESIVES MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 113 CHINA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 114 CHINA: MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 115 CHINA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
TABLE 116 CHINA: MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 117 CHINA: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 118 CHINA: MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 119 CHINA: MARKET SIZE, BY APPLICATION 2020–2026 (KILOTON)
10.2.3 JAPAN
10.2.3.1 Sluggish growth rate as the market is matured
TABLE 120 JAPAN: AUTOMOTIVE ADHESIVES MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 121 JAPAN: MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 122 JAPAN: MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 123 JAPAN: MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
TABLE 124 JAPAN: MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 125 JAPAN: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 126 JAPAN: MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 127 JAPAN:MARKET SIZE, BY APPLICATION, 2020–2026 (KILOTON)
10.2.4 SOUTH KOREA
10.2.4.1 To witness slow demand for automotive adhesives during the forecast period
TABLE 128 SOUTH KOREA: AUTOMOTIVE ADHESIVES MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 129 SOUTH KOREA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 130 SOUTH KOREA: MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 131 SOUTH KOREA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
TABLE 132 SOUTH KOREA: MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 133 SOUTH KOREA: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 134 SOUTH KOREA: MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 135 SOUTH KOREA: MARKET SIZE, BY APPLICATION, 2020–2026 (KILOTON)
10.2.5 INDIA
10.2.5.1 An emerging market for the automotive adhesives
TABLE 136 INDIA: AUTOMOTIVE ADHESIVES MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 137 INDIA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 138 INDIA: MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 139 INDIA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
TABLE 140 INDIA: MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 141 INDIA: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 142 INDIA: MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 143 INDIA: MARKET SIZE, BY APPLICATION, 2020–2026 (KILOTON)
10.2.6 THAILAND
10.2.6.1 Favorable location to propel the market
10.2.7 INDONESIA
10.2.7.1 Market driven by rising demand for cars and favorable tax policies for fuel-efficient models
10.2.8 MALAYSIA
10.2.8.1 An attractive destination for investors
10.2.9 REST OF APAC
10.3 EUROPE
10.3.1 COVID-19 IMPACT ON EUROPE
FIGURE 37 EUROPE: AUTOMOTIVE ADHESIVES MARKET SNAPSHOT
TABLE 144 EUROPE: MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 145 EUROPE: MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 146 EUROPE: MARKET SIZE, BY COUNTRY, 2017–2019 (KILOTON)
TABLE 147 EUROPE: MARKET SIZE, BY COUNTRY, 2020–2026 (KILOTON)
TABLE 148 EUROPE: MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 149 EUROPE: MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 150 EUROPE: MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 151 EUROPE: MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
TABLE 152 EUROPE: MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 153 EUROPE: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 154 EUROPE: MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 155 EUROPE: MARKET SIZE, BY APPLICATION, 2020–2026 (KILOTON)
TABLE 156 EUROPE: MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
TABLE 157 EUROPE:MARKET SIZE, BY VEHICLE TYPE, 2020–2026 (USD MILLION)
TABLE 158 EUROPE: MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (KILOTON)
TABLE 159 EUROPE: MARKET SIZE, BY VEHICLE TYPE, 2020–2026 (KILOTON)
10.3.2 GERMANY
10.3.2.1 The largest market for automobiles in Europe
TABLE 160 GERMANY: AUTOMOTIVE ADHESIVES MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 161 GERMANY: MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 162 GERMANY: MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 163 GERMANY: MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
TABLE 164 GERMANY: MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 165 GERMANY: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 166 GERMANY: MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 167 GERMANY: MARKET SIZE, BY APPLICATION, 2020–2026 (KILOTON)
10.3.3 SPAIN
10.3.3.1 The second-largest market in Europe
10.3.4 FRANCE
10.3.4.1 Consistent growth in automobile production expected in the country
10.3.5 UK
10.3.5.1 Brexit to have detrimental effects on the country’s economy and the automotive industry
10.3.6 RUSSIA
10.3.6.1 Automotive industry to show consistent growth backed by the reviving economy
10.3.7 TURKEY
10.3.7.1 Automotive industry in the country to attain growth during the forecast period
10.3.8 REST OF EUROPE
10.4 NORTH AMERICA
10.4.1 IMPACT OF COVID-19 ON NORTH AMERICA
FIGURE 38 NORTH AMERICA: AUTOMOTIVE ADHESIVES MARKET SNAPSHOT
TABLE 168 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 169 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 170 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2019 (KILOTON)
TABLE 171 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2026 (KILOTON)
TABLE 172 NORTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 173 NORTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 174 NORTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 175 NORTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
TABLE 176 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 177 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 178 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 179 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2020–2026 (KILOTON)
TABLE 180 NORTH AMERICA: MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
TABLE 181 NORTH AMERICA: MARKET SIZE, BY VEHICLE TYPE, 2020–2026 (USD MILLION)
TABLE 182 NORTH AMERICA: MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (KILOTON)
TABLE 183 NORTH AMERICA: MARKET SIZE, BY VEHICLE TYPE , 2020–2026 (KILOTON)
10.4.2 US
10.4.2.1 Largest automotive market in North America
TABLE 184 US: AUTOMOTIVE ADHESIVES MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 185 US: MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 186 US: MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 187 US: MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
TABLE 188 US: MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 189 US: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 190 US: MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 191 US: MARKET SIZE, BY APPLICATION, 2020–2026 (KILOTON)
10.4.3 CANADA
10.4.3.1 Sluggish demand for automobiles to continue in the country during the forecast period
10.4.4 MEXICO
10.4.4.1 Mexico is the fastest-growing market in North America
10.5 SOUTH AMERICA
FIGURE 39 SOUTH AMERICA: AUTOMOTIVE ADHESIVES MARKET SNAPSHOT
10.5.1 IMPACT OF COVID-19 ON SOUTH AMERICA
TABLE 192 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 193 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 194 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2019 (KILOTON)
TABLE 195 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2026 (KILOTON)
TABLE 196 SOUTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 197 SOUTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 198 SOUTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 199 SOUTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
TABLE 200 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 201 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 202 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 203 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2020–2026 (KILOTON)
TABLE 204 SOUTH AMERICA: MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
TABLE 205 SOUTH AMERICA: MARKET SIZE, BY VEHICLE TYPE, 2020–2026 (USD MILLION)
TABLE 206 SOUTH AMERICA: MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (KILOTON)
TABLE 207 SOUTH AMERICA: MARKET SIZE, BY VEHICLE TYPE , 2020–2026 (KILOTON)
10.5.2 BRAZIL
10.5.2.1 Gradually becoming a major car manufacturer
10.5.3 ARGENTINA
10.5.3.1 The second-largest market for automotive adhesives in South America
10.5.4 REST OF SOUTH AMERICA
10.6 MIDDLE EAST & AFRICA
FIGURE 40 MIDDLE EAST & AFRICA: AUTOMOTIVE ADHESIVES MARKET SNAPSHOT
10.6.1 COVID-19 IMPACT ON MIDDLE EAST & AFRICA
TABLE 208 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 209 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 210 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2017–2019 (KILOTON)
TABLE 211 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2020–2026 (KILOTON)
TABLE 212 MIDDLE EAST & AFRICA: MARKET SIZE, BY RESIN TYPE, 2017–2019 (USD MILLION)
TABLE 213 MIDDLE EAST & AFRICA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (USD MILLION)
TABLE 214 MIDDLE EAST & AFRICA: MARKET SIZE, BY RESIN TYPE, 2017–2019 (KILOTON)
TABLE 215 MIDDLE EAST & AFRICA: MARKET SIZE, BY RESIN TYPE, 2020–2026 (KILOTON)
TABLE 216 MIDDLE EAST & AFRICA: MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 217 MIDDLE EAST & AFRICA: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 218 MIDDLE EAST & AFRICA: MARKET SIZE, BY APPLICATION, 2017–2019 (KILOTON)
TABLE 219 MIDDLE EAST & AFRICA MARKET SIZE, BY APPLICATION, 2020–2026 (KILOTON)
TABLE 220 MIDDLE EAST & AFRICA: MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
TABLE 221 MIDDLE EAST & AFRICA: MARKET SIZE, BY VEHICLE TYPE, 2020–2026 (USD MILLION)
TABLE 222 MIDDLE EAST & AFRICA: MARKET SIZE, BY VEHICLE TYPE, 2017–2019 (KILOTON)
TABLE 223 MIDDLE EAST & AFRICA: MARKET SIZE, BY VEHICLE TYPE , 2020–2026 (KILOTON)
10.6.2 IRAN
10.6.2.1 Automotive industry witnessing a steep decline in production rate
10.6.3 SOUTH AFRICA
10.6.3.1 The second-largest contributor to the automotive industry in the Middle East & Africa
10.6.4 REST OF MIDDLE EAST & AFRICA
11 COMPETITIVE LANDSCAPE (Page No. - 207)
11.1 OVERVIEW
FIGURE 41 STRATEGIES FOLLOWED BY LEADING PLAYERS
11.2 MARKET SHARE ANALYSIS
TABLE 224 AUTOMOTIVE ADHESIVES MARKET: DEGREE OF COMPETITION
FIGURE 42 MARKET: MARKET SHARE ANALYSIS IN 2020
11.2.1 MARKET RANKING ANALYSIS
TABLE 225 RANKING OF KEY PLAYERS
11.2.1.1 Henkel AG
11.2.1.2 Sika AG
11.2.1.3 Arkema (Bostik)
11.2.1.4 H.B. Fuller
11.2.1.5 3M Company
11.3 COMPANY REVENUE ANALYSIS
FIGURE 43 REVENUE ANALYSIS FOR KEY COMPANIES OF LAST 5 YEARS
11.4 COMPANY EVALUATION QUADRANT, 2020
11.4.1 STAR
11.4.2 EMERGING LEADERS
11.4.3 PERVASIVE
11.4.4 PARTICIPANTS
FIGURE 44 AUTOMOTIVE ADHESIVES MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2020
11.5 SME MATRIX, 2020
11.5.1 PROGRESSIVE COMPANIES
11.5.2 DYNAMIC COMPANIES
11.5.3 STARTING BLOCKS
11.5.4 RESPONSIVE COMPANIES
FIGURE 45 MARKET: EMERGING COMPANIES’ COMPETITIVE LEADERSHIP MAPPING, 2020
11.6 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 46 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN AUTOMOTIVE ADHESIVES MARKET
11.7 BUSINESS STRATEGY EXCELLENCE
FIGURE 47 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
11.8 COMPETITIVE SCENARIO
11.8.1 MARKET EVALUATION FRAMEWORK
TABLE 226 STRATEGIC DEVELOPMENTS, BY COMPANY
TABLE 227 MOST FOLLOWED STRATEGY
TABLE 228 GROWTH STRATEGIES ADOPTED, BY KEY COMPANIES
11.8.2 MARKET EVALUATION MATRIX
TABLE 229 COMPANY PRODUCT FOOTPRINT
TABLE 230 COMPANY REGION FOOTPRINT
TABLE 231 COMPANY INDUSTRY FOOTPRINT
11.9 STRATEGIC DEVELOPMENTS
TABLE 232 NEW PRODUCT LAUNCH/DEVELOPMENT, 2016–2021
TABLE 233 DEALS, 2016–2021
TABLE 234 OTHER DEVELOPMENTS, 2016–2021
12 COMPANY PROFILES (Page No. - 223)
(Business Overview, Products Offered, Recent Developments, MnM View, Key strengths/Right to win, Strategic choices, and Weaknesses and competitive threats)*
12.1 KEY COMPANIES
12.1.1 HENKEL AG
TABLE 235 HENKEL AG: COMPANY OVERVIEW
FIGURE 48 HENKEL AG: COMPANY SNAPSHOT
TABLE 236 HENKEL AG: NEW PRODUCT LAUNCH
TABLE 237 HENKEL AG: OTHER DEVELOPMENTS
12.1.2 SIKA AG
TABLE 238 SIKA AG: COMPANY OVERVIEW
FIGURE 49 SIKA AG: COMPANY SNAPSHOT
TABLE 239 SIKA AG: NEW PRODUCT LAUNCH
TABLE 240 SIKA AG: OTHER DEVELOPMENTS
12.1.3 3M COMPANY
TABLE 241 3M COMPANY: BUSINESS OVERVIEW
FIGURE 50 3M COMPANY: COMPANY SNAPSHOT
12.1.4 DUPONT (DOWDUPONT)
TABLE 242 DUPONT (DOWDUPONT): COMPANY OVERVIEW
FIGURE 51 DUPONT (DOWDUPONT): COMPANY SNAPSHOT
TABLE 243 DUPONT (DOWDUPONT): OTHER DEVELOPMENTS
12.1.5 H.B. FULLER COMPANY
TABLE 244 H.B. FULLER: COMPANY OVERVIEW
FIGURE 52 H.B. FULLER: COMPANY SNAPSHOT
TABLE 245 H.B. FULLER: NEW PRODUCT LAUNCH
TABLE 246 H.B. FULLER: DEALS
TABLE 247 H.B. FULLER: OTHER DEVELOPMENTS
12.1.6 ARKEMA (BOSTIK)
TABLE 248 ARKEMA (BOSTIK): COMPANY OVERVIEW
FIGURE 53 ARKEMA (BOSTIK): COMPANY SNAPSHOT
TABLE 249 ARKEMA (BOSTIK): DEALS
12.1.7 HUNTSMAN INTERNATIONAL LLC.
TABLE 250 HUNTSMAN INTERNATIONAL LLC.: COMPANY OVERVIEW
FIGURE 54 HUNTSMAN INTERNATIONAL LLC.: COMPANY SNAPSHOT
TABLE 251 HUNTSMAN INTERNATIONAL LLC: NEW PRODUCT LAUNCH
12.1.8 ASHLAND
TABLE 252 ASHLAND: COMPANY OVERVIEW
FIGURE 55 ASHLAND: COMPANY SNAPSHOT
12.1.9 PPG INDUSTRIES, INC.
TABLE 253 PPG INDUSTRIES, INC.: COMPANY OVERVIEW
FIGURE 56 PPG INDUSTRIES, INC.: COMPANY SNAPSHOT
TABLE 254 PPG INDUSTRIES, INC.: DEALS
TABLE 255 PPG INDUSTRIES, INC.: OTHER DEVELOPMENTS
12.2 OTHER COMPANIES
12.2.1 ILLINOIS TOOL WORKS INC.
TABLE 256 ILLINOIS TOOL WORKS INC.: COMPANY OVERVIEW
FIGURE 57 ILLINOIS TOOL WORKS INC.: COMPANY SNAPSHOT
12.2.2 L&L; PRODUCTS
12.2.3 LORD CORPORATION
12.2.4 JOWAT SE
12.2.5 KLEBCHEMIE M. G. BECKER GMBH (KLEIBERIT ADHESIVES)
12.2.6 DELO INDUSTRIE KLEBSTOFFE GMBH & CO. KGAA
12.2.7 DYMAX CORPORATION
12.2.8 HERNON MANUFACTURING INC.
12.2.9 UNISEAL INC.
12.2.10 SCOTT BADER COMPANY LTD.
12.2.11 CATTIE ADHESIVES
12.2.12 PERMABOND LLC.
12.2.13 WEICON GMBH & CO. KG
12.2.14 THREEBOND CO., LTD.
12.2.15 METLOK PRIVATE LIMITED
12.2.16 ANABOND LIMITED
12.2.17 MASTER BOND INC.
12.2.18 INNOVATIVE RESIN SYSTEMS, INC.
12.2.19 SUNSTAR ENGINEERING GROUP
12.2.20 UNITECH CO., LTD.
12.2.21 EMS-CHEMIE HOLDING AG
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Key strengths/Right to win, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 ADJACENT/RELATED MARKETS (Page No. - 277)
13.1 INTRODUCTION
13.2 LIMITATION
13.3 SOLVENT-BASED ADHESIVES
13.3.1 MARKET DEFINITION
13.3.2 MARKET OVERVIEW
13.3.3 SOLVENT-BASED ADHESIVES MARKET, BY CHEMISTRY
TABLE 257 SOLVENT-BASED ADHESIVES MARKET SIZE, BY CHEMISTRY, 2019–2026 (USD MILLION)
TABLE 258 SOLVENT-BASED ADHESIVES MARKET SIZE, BY CHEMISTRY, 2019–2026 (KILOTON)
13.3.3.1 Polyurethane adhesives
13.3.3.2 Acrylic adhesives
13.3.3.3 Polyamide adhesives
13.3.3.4 Vinyl acetate adhesives
13.3.3.5 Chloroprene rubber (CR) adhesives
13.3.3.6 PVC copolymers
13.3.3.7 Natural rubber
13.3.3.8 Synthetic rubber adhesives
13.3.3.9 Nitrile rubber
13.3.3.10 Others
13.3.4 SOLVENT-BASED ADHESIVES MARKET, BY END-USE INDUSTRY
TABLE 259 SOLVENT-BASED ADHESIVES MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 260 SOLVENT-BASED ADHESIVES MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
13.3.4.1 Paper & packaging
13.3.4.2 Building & construction
13.3.4.3 Woodworking
13.3.4.4 Automotive
13.3.4.5 Aerospace
13.3.4.6 Medical
13.3.4.7 Leather & footwear
13.3.4.8 Others
13.3.5 SOLVENT-BASED ADHESIVES MARKET, BY REGION
TABLE 261 SOLVENT-BASED ADHESIVES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 262 SOLVENT-BASED ADHESIVES MARKET SIZE, BY REGION, 2019–2026 (KILOTON)
13.3.5.1 APAC
13.3.5.2 North America
13.3.5.3 Europe
13.3.5.4 South America
13.3.5.5 Middle East & Africa
14 APPENDIX (Page No. - 285)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
The study involved four major activities in estimating the current market size of automotive adhesives. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.
Secondary Research
This research report involves the use of extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the automotive adhesives market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized authors, authenticated directories, and databases.
Primary Research
The automotive adhesives market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the usage of resin types, such as polyurethane, epoxy, acrylic, methyl methacrylate, silicone, SMP, and other resin such as polysulfide, rubber, polyamide, and others. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents:
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Automotive Adhesives Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the automotive adhesives market. These methods were also used extensively to estimate the sizes of various sub-segments in the market. The research methodology used to estimate the market size includes the following steps:
- The key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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Data Triangulation
After arriving at the overall market size—using the estimation processes explained above—the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To analyze and forecast the automotive adhesives market, in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze and forecast the size of the market based on resin, vehicle type, and application
- To estimate and forecast the market size based on five regions, namely, Asia Pacific (APAC), North America, Europe, the Middle East & Africa, and South America
- To estimate and forecast the automotive adhesives market at the country-level in each of the regions
- To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
- To analyze the competitive developments, such as new product launches and mergers & acquisitions, in the automotive adhesives market
- To strategically identify and profile the key market players and analyze their core competencies
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- A further breakdown of the automotive adhesives market, by country
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Generating Response ...
Growth opportunities and latent adjacency in Automotive Adhesives Market