Pune, India -- (SBWire) -- 06/15/2018 --Adhesives are the most versatile bonding agents available today and are used by automakers to make cars lighter and tougher. Adhesives are made from precise blends of synthetic rubber elastomers, resins and agents or additives used to enhance certain characteristics, depending on the end use. There is a growing demand for adhesives in passenger cars, buses, heavy trucks and LCV vehicles, which is expected to drive the market over the forecast period.
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Report Analysis:
The Global Automotive Adhesives Market accounted for USD 4.20 billion in 2016 and is projected to grow at a CAGR of 8.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Competitors:
Some of the major players in Automotive Adhesives Market include:
- 3M
- Bondo Corporation
- Arkema Group
- Bostik S.A.
- Ashland Global Holdings Inc.
- BASF SE
- Bemis Associates, Inc.
- Covestro AG
- DuPont
- 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
- Dow Corning Corporation
- Three Bond Co., Ltd.
- Transtar Autobody Technologies, Inc.
- Wacker-Chemie AG
- Many more.
Competitive Landscape:
The global automotive adhesives market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Report Segmentation:
The automotive adhesives market is segmented on the basis of resin type into:
- Polyurethane
- Epoxy
- Acrylic
- Silicone
- SMP
- Polyamide
- Others
On the basis of vehicle type, the market is segmented into:
- Passenger Car
- Buses
- Heavy Trucks
- LCV
- Others
On the basis of application, the market is segmented into:
- Body in White (BIW)
- Powertrain
- Paint Shop
- Assembly
On the basis of geography, the automotive adhesives market report covers data points for 28 countries across multiple geographies such as:
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
This report consists of below pages:
- No of pages: 350
- No of Figures: 60
- No of Tables: 220
Major Market Drivers:
- High demand for lightweight and low carbon emitting vehicles
- Growing demand from the automotive industry in Asia Pacific
- Technological advancements in automotive adhesives
Market restraint:
- Volatility in Raw Material Prices
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Frequently Asked Questions:
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Research Methodology of Global Automotive Adhesives Market:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Automotive Adhesives Market Growth Report 2024 Global Analysis and Forecasts Influenced by 3M, Bondo Corporation, Arkema Group, Ashland Global Holdings Inc., BASF SE, DuPont
Global Automotive Adhesives Market, By Resin Type (Polyurethane, Epoxy, Acrylic, Silicone, SMP, Polyamide); By Vehicle Type (Passenger Car, Buses, Heavy Trucks, LCV) By Application (Body in White (BIW), Powertrain, Paint Shop, Assembly) – Industry Trends and Forecast to 2024