Market Analysis Report Global Automotive Adhesives Market.docx | Page 2

Adhesives and sealants are the most versatile bonding agents used to make cars lighter and tougher.
Adhesives are made from precise blends of resins and agents, additives used to enhance certain
characteristics, depending on the end use. In automotive market, adhesives are used to manufacture
engines, body components, gear boxes, safety systems, seat systems and sub-assemblies. It also
helps to cut down on noise, vibration and other harshness characteristics. The global automotive
adhesive market is expected to expand at a CAGR of 5.4%, leading to global revenue of USD 5.45Bn
by 2023.
The Automotive Adhesives Market is expected to witness sustained growth over the forecast period
(2018-2023). The growth of the Automotive Adhesives market is driven as there is favourable growth
in the industry is a major factor which will boost the global Automotive Adhesives market. The global
Automotive Adhesives Market consists of a large pool of players. Vendors in this market are seen
focusing on development of novel marketing strategies and ideas in order to carve a niche position
for themselves. Prominent focus is being put towards the launch of new products, create a brand
reputation, and gain a strong foothold in the global Automotive Adhesives Market.
The Automotive Adhesives Market is segmented based on Type of Resin (Polyurethane, Epoxy,
Acrylic, Silicone, Silyl Modified Polymer, Polyamide and others), Technology (Hot Melt, Water Based,
Solvent Based, Pressure Sensitive), Vehicle (Passenger Vehicle, Light Commercial Vehicle, Heavy
Commercial Vehicle) and Applications (White Body, Power Train, Paint Shop).
The changing technology of automotive adhesives means manufacturers must keep up with the
trends in the market. It not only gets affected with the change in trends of adhesives but also market
of automotive industry.
The key players operating in this market are Sika AG (Switzerland), The Dow Chemical Company
(U.S.), Bayer (Germany), Henkel (Germany), BASF (Germany), 3M Company (U.S.), Ashland Specialty
Chemical Company (U.S.), H.B. Fuller Company(U.S.), Hindustan Adhesives Limited (India),
ExxonMobil Chemical Company (U.S) , Dynea International Oy (Finland) , Forbo Adhesives
Switzerland (Switzerland), Hexion Specialty Chemicals (U.S) and Covalence Adhesives (U.S.), etc
Market segment by Regions/Countries, this report covers: Asia-Pacific is the fastest growing region
for the automotive adhesives industry due to growing demand in South Korea, Japan, Malaysia,
Vietnam, China, Australia and India. this report investigates and analyzes the production, value,
price, market share and growth rate for the top manufacturers, Automotive Adhesives data from
2018 to 2023.
Automotive Adhesives Questions Answered in this Report:
1. What will the Automotive Adhesives Market size be in 2023?
2. What are the Key factors driving the Global Automotive Adhesives Market?
3. What are the challenges to market growth?
4. Who are the Key players in the Global Automotive Adhesives Market?
5. What are the market opportunities and threats faced by the Automotive Adhesives players?