Automotive Adhesives Market worth 9m

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TrendingReports 5/29/2023 4:05:47 PM

Automotive
Adhesives Market worth $9.3 billion in 2026


The report "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
", is projected to grow from USD 6.6 billion
in 2020 to USD 9.3 billion in 2026, at a CAGR of 5.9% between 2021 and 2026.

 

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Browse in-depth TOC on "Automotive Adhesives Market”

262 - Tables

57 - Figures

291 – Pages

 

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 in the automotive adhesives market
are in India, China, Brazil, Mexico, and other emerging economies. Automotive
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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Polyurethane resins are expected to lead the automotive
adhesives market during the forecast period.

Polyurethane adhesives have a high demand in the automotive
adhesives market due to their excellent properties such as high elongation
properties and stronger bonding. These are used in bonding windscreens, side
and rear windows of passenger cars, trucks, and special vehicles. They are also
used for bonding fiberglasses reinforced plastic elements, such as roof, side,
and front panels. These adhesives also have a competitive advantage over
silicone products as they can be easily painted and offer a fissure-free coated
surface for an extended period.

 

Body in white is the largest application in the
automotive adhesives market.

Objective to reduce vehicle weight is to increase the use
of aluminum in the body in the white stage. Due to the ability to join thinner
and lighter - materials along with aluminum is boosting the use of adhesive at
the body in white stage. Epoxy adhesives play a major role in joining
dissimilar and default to bond substrates in the automotive body. With the
increased usage of composites and plastics in the automotive body, the usage of
adhesives has proportionally increased. These substrates cannot be welded or
joined using nut bolts and rivets. Hence the demand for adhesives for the body
in white is on the rise.

 

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APAC is expected to account for the largest market share
during the forecast period.

The APAC automotive adhesives market is expected to drive
the global industry growth during the forecast period, 2021 to 2026, which can
be attributed to the rising demand for the product from economies such as
India, China, South Korea, Indonesia, and Thailand among others. Moreover,
factors such as the improving standards of living and rising per capita incomes
in these countries are also fueling the growth of the Asia Pacific; thus, automotives
thus for automotive adhesives.

The key companies profiled in this report are Henkel
(Germany), Arkema (Bostik) (France), 3M (US), Dupont (US), H.B. Fuller (US),
Sika (Switzerland), and Huntsman (US).

For More Insights on Automotive Adhesives Market- https://www.prnewswire.com/news-releases/automotive-adhesives-market-worth-9-3-billion-in-2026--exclusive-report-by-marketsandmarkets-301369679.html

 

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