Global Automotive Adhesives Industry

Global Automotive Adhesives Industry

  • January 2021 •
  • 399 pages •
  • Report ID: 4778740 •
  • Format: PDF
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Abstract:
- The global market for Automotive Adhesives is projected to reach US$4.5 billion by 2022, driven by the strong OEM focus on automotive lightweighting and the resulting replacement of mechanical fasteners with adhesive bonds to ensure conformance with stringent vehicle emission and fuel efficiency regulations. Other major forces poised to benefit growth include advances in adhesive chemistry; development of smart adhesive solutions; growing use of multi-materials in the design of modern lightweight vehicles and resulting unsuitability of traditional mechanical bonding and sealing strategies. Few of the major benefits of adhesives driving its popularity over mechanical joints include suitability for a wide range of materials such as glass, sheet metal, carbon composites, plastics and rubber; vehicle design flexibility; environmental benefits and reduced production time and cost. Asia-Pacific represents the largest and the fastest growing market with a CAGR of 6.7% over the analysis period led by stable economic growth, growing employment rates, rising standard of living, increasing disposable income, growing per capita car ownership among the affluent base of middle class population, development of transportation and road infrastructure, and emergence of low cost Asian countries as global production hubs for automobile components and parts.

Select Competitors (Total 102 Featured) -
  • 3M Company
  • Bondo Corporation
  • Arkema S.A.
  • Bostik S.A.
  • Ashland Global Holdings Inc.
  • BASF SE
  • Bemis Associates, Inc.
  • Covestro AG
  • DuPont de Nemours, Inc.
  • EMS-Chemie Holding AG
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Huntsman Corporation
  • Illinois Tool Works, Inc.
  • Permatex, Inc.
  • Lord Corporation
  • Nippon Paint Co., Ltd.
  • Nitto Denko Corporation
  • Royal Adhesives and Sealants, LLC
  • RPM International Inc.
  • The Dow Chemical Company
  • ThreeBond Co., Ltd.
  • Transtar Autobody Technologies, Inc.
  • Wacker-Chemie AG