According to the report, the global Automotive Adhesives Market size was estimated at USD 7 billion in 2021 and is likely to grow at a CAGR of 5.84% during 2022-2028 to reach USD 10.45 billion in 2028.

The ability of adhesives to reduce vehicle weight, increase fuel efficiency, and lower carbon emissions is the key factor driving the demand for automotive adhesives, globally.

Automotive Adhesives Market COVID Impact

The pandemic had a huge impact on the automotive adhesive market. Lockdowns and restrictions in the manufacturing and automotive sector in multiple countries have been key issue in holding back the growth of the market during a pandemic.

What are automotive adhesives?

Automotive adhesives are the most versatile bonding agents used to make cars lighter and tougher. In the automotive market, adhesives are used to manufacture engines, body components, gearboxes, safety systems, seat systems, and sub-assemblies. They also help to cut down on noise, vibration, and other harsh characteristics.

It is the most comprehensive report available on this market and will help users gain a global outlook as it covers 360-degree Automotive Adhesives market shares, detailed analysis of growth rate among various segments including demand -supply scenario, etc. The regional and country segmentations give in-depth analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth and highlights important trends and strategies that players in the market can adopt.

Market Segmentation

Automotive Adhesives Market is Segmented by the following-

·        Resin Type (Polyurethane, Epoxy, Acrylic, Silicone, SMP, MMA, and Others),

·        Application Type (Body in White, Paint Shop, Assembly, and Powertrain),

·        Vehicle Type (Passenger Car, LCV, Truck, Buses, and Aftermarket),

·        Region (North America, Europe, Asia-Pacific, and the Rest of the World).

The report delivers detailed profiles of the key market influencers, market value, growth factors, etc. Furthermore, important information such as sales data, value, volume market share, profit margin, and growth plans of coming few years is also provided in the report.

The product trends, market share of the top market players, their profile details to know the competitive analysis, market growth of different regions, growth promoters, roadblocks, and opportunities are some of the key insights of the report that will help the users to prepare business plan and understand the investment opportunity and make a mark in the market.

Region-wise segmentation of the market

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing automotive adhesives market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as body in white, paint shop, assembly, and powertrain, which is generating huge demand for automotive adhesives and the presence of a large number of automotive adhesive manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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