Automotive Adhesives Market Projected to Reach $5,459 million by 2023 Grow With a CAGR of 5.4%

The global automotive adhesives market size was valued at $3,771 million in 2016, and is anticipated to grow at a CAGR of 5.4% from 2016 to 2023, to reach $5,459 million by 2023. Adhesives are lightweight components used to bind most composites and plastic materials. They are known for improving stress distribution and joining the similar & dissimilar substrates (steel and aluminum parts) to reduce vehicle weight. Adhesive is the most versatile bonding agent available today and are used by vehicle manufacturers to make cars lighter and tougher.

Moreover, adhesives are made from precise blends of synthetic rubber elastomers, resins, and additives such as photo initiators and stabilizers, which enhance the characteristics of automotive adhesives. In addition, automobile manufacturers bind aluminum and composites so that vehicle parts are intact even at high speed and pressure. Adhesives do not lose strength and hence are used for these applications.

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The List of companies covered in this Reports are:

Henkel & Co. KGaA
Bostik S.A
3M Company
The DOW Chemical Company
Sika AG
H.B. Fuller
PPG Industries
Illinois Tool Works Corporation
Jowat AG
Solvay S.A.

The global automotive adhesives market is segmented based on resin type, technology, application, vehicle type, and geography. On the basis of resin type, the market is classified into polyurethanes, epoxy, acrylics, silicone, SMP, polyamide, and others (rubber and phenolic). By technology, it is categorized into hotmelt, solvent based, water based, pressure sensitive, and others (reactive and thermosetting). Applications covered in the study include body in white, power train, paint shop, and assembly. Based on vehicle type, the market is divided into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Table of Contents 

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 MARKET OVERVIEW

4 GLOBAL AUTOMOTIVE ADHESIVES MARKET, BY RESIN TYPE

5 GLOBAL AUTOMOTIVE ADHESIVES MARKET, BY TECHNOLOGY

6 GLOBAL AUTOMOTIVE ADHESIVES MARKET, BY VEHICLE TYPE

7 GLOBAL AUTOMOTIVE ADHESIVES MARKET, BY APPLICATION

8 GLOBAL AUTOMOTIVE ADHESIVES MARKET, BY GEOGRAPHY

9 COMPANY PROFILES

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Posted by on Wednesday May 22 2019, 3:00 AM EDT. All trademarks acknowledged. Filed under Chemicals, Chemicals & Materials, Featured Press Release, Metals & Minerals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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