Automotive adhesives market is predicted to achieve a value of approximately USD 45.06 billion and grow at an 8.00% rate from 2021 to 2028. The increasing demand for vehicles that are lightweight and emit less carbon is a crucial factor fueling the growth of the automotive adhesives market.
Adhesives, which are made up of precise blends of synthetic rubber elastomers, resins, and additives, are the most versatile bonding agents available today. Automakers use these adhesives to create vehicles that are both lighter and stronger, and the exact combination of ingredients is determined by the desired end-use characteristics.
Automotive Adhesives Market analysis report figures out market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behavior so that the business can stand high in the crowd. It includes extensive research on the current conditions of the industry, potential of the market in the present and the future prospects from various angles. This market report comprises of data that can be pretty essential when it comes to dominating the market or making a mark in the Chemical and Materials industry as a new emergent. To bestow clients with the best results, Data bridge market research document is produced by using integrated approaches and latest technology.
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Market Insights and Scope
The growth of the automotive industry in Asia Pacific is the primary driver of the automotive adhesives market, along with advancements in adhesive technology, the need for lightweight and low-carbon emitting vehicles, and growing demand from the APAC region. Other factors such as research and development activities and increasing demand for sustainable adhesives also contribute to the growth of the market. However, rising raw material prices and the impact of recession on end-use industries are major obstacles to the growth of the automotive adhesives market in the forecast period from 2021 to 2028.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Chemicals and Materials industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The automotive adhesives market is segmented on the basis of resin type, technology, application and vehicle type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
• Based on resin type, the automotive adhesives market is segmented into polyurethanes, epoxy, acrylics, silicone, SMP, polyamide and others.
• On the basis of technology, the automotive adhesives market is segmented into hotmelt, solvent based, water based, pressure sensitive, and others.
• Based on application, the automotive adhesives market is segmented into body in white, power train, paint shop and assembly.
• The automotive adhesives market is also segmented on the basis of vehicle type into passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
Market Country Level Analysis
The countries covered in the automotive adhesives market report are
• U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Industry Share Analysis
The major players covered in the automotive adhesives market report are
• 3M, Bostik, Ashland, BASF SE, Bemis Associates Inc, DuPont, Covestro AG, EMS-CHEMIE HOLDING AG, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC., Illinois Tool Works Inc., Permatex, LORD Corporation, NITTO DENKO CORPORATION, Royal Adhesives & Sealants, RPM International Inc., Dow, ThreeBond Holdings Co. and Wacker Chemie AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
Automotive Adhesives Market Report Answers the Following Questions:
What factors are driving the growth of the Automotive Adhesives Market?
What are the end-user industries for Automotive Adhesives Market?
How has the demand for Automotive Adhesives Market changed over time?
What is the future outlook for the Automotive Adhesives Market?
What are the major players in the Automotive Adhesives Market?
How has the COVID-19 pandemic affected the Automotive Adhesives Market?
What are the challenges faced by the Automotive Adhesives Market?
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