According to the recent study the Automotive Adhesive Market is projected to reach an estimated $12.7 billion by 2027 from $8.5 billion in 2021, at a CAGR of 6.9% from 2021 to 2027. Growth in this market is primarily driven by increasing demand for lightweight materials in vehicle manufacturing and replacement of mechanical fasteners with adhesives to make vehicles lighter and to meet higher fuel economy requirements.
Browse 157 figures /
charts and 132 tables in this 220 -page report to understand trends,
opportunities and forecast in automotive adhesive market by resin type (epoxy,
polyurethane, acrylic and others), vehicle type (passenger car and light
commercial vehicle), application (interior and exterior), structure (structural
and non-structural), and region (North America, Europe, Asia Pacific, and the
Rest of the World).
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on below link https://www.lucintel.com/automotive-adhesive-market.aspx
“Polyurethane adhesive market is
expected to remain the largest segment during the forecast period.”
Based on resin type, the
automotive adhesive market is segmented into epoxy, polyurethane, acrylic and
others. Lucintel forecasts that the polyurethane adhesive market is expected to
remain the largest segment due to its low price, durability, and performance.
“Within the automotive adhesive market,
the passenger car segment is expected to remain the largest vehicle type.”
Based on vehicle type
the passenger car segment is expected to witness the highest growth over the
forecast period due to the growth in production of small and compact cars.
“Asia pacific will dominate the automotive adhesive market in near
future.”
Asia Pacific will remain
the largest market and it is also expected to witness the highest growth over
the forecast period due to growth in automotive industry in China, Japan,
India, and other Asian countries.
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Major players of
automotive adhesive market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Henkel
AG, The 3M Company, H.B. Fuller Company, Arkema, and Sika AG are among the
major automotive adhesive providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/automotive-adhesive-market.aspx or helpdesk@lucintel.com.
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Contact:
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Lucintel
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Email: brandon.fitzgerald@lucintel.com
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