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Automotive Adhesives - Global Market Trajectory & Analytics

  • ID: 1227829
  • Report
  • January 2021
  • Region: Global
  • 399 Pages
  • Global Industry Analysts, Inc
The global market for Automotive Adhesives is projected to reach US$ 4.5 billion by 2022, driven by the strong OEM focus on automotive lightweighting and the resulting replacement of mechanical fasteners with adhesive bonds to ensure conformance with stringent vehicle emission and fuel efficiency regulations. Other major forces poised to benefit growth include advances in adhesive chemistry; development of smart adhesive solutions; growing use of multi-materials in the design of modern lightweight vehicles and resulting unsuitability of traditional mechanical bonding and sealing strategies. Few of the major benefits of adhesives driving its popularity over mechanical joints include suitability for a wide range of materials such as glass, sheet metal, carbon composites, plastics and rubber; vehicle design flexibility; environmental benefits and reduced production time and cost. Asia-Pacific represents the largest and the fastest growing market with a CAGR of 6.7% over the analysis period led by stable economic growth, growing employment rates, rising standard of living, increasing disposable income, growing per capita car ownership among the affluent base of middle class population, development of transportation and road infrastructure, and emergence of low cost Asian countries as global production hubs for automobile components and parts.

Select Competitors (Total 102 Featured):

  • 3M Company
  • Bondo Corporation
  • Arkema S.A.
  • Bostik S.A.
  • Ashland Global Holdings Inc.
  • BASF SE
  • Bemis Associates, Inc.
  • Covestro AG
  • DuPont de Nemours, Inc.
  • 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
  • ThreeBond Co., Ltd.
  • Transtar Autobody Technologies, Inc.
  • Wacker-Chemie AG
Frequently Asked Questions about the Global Market for Automotive Adhesives

What is the estimated value of the Global Market for Automotive Adhesives?

The Global Market for Automotive Adhesives was estimated to be valued at $4.8 Billion in 2020.

What is the growth rate of the Global Market for Automotive Adhesives?

The growth rate of the Global Market for Automotive Adhesives is 3.0%, with an estimated value of $5.9 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Adhesives?

The Global Market for Automotive Adhesives is estimated to be worth $5.9 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Automotive Value Chain Suppliers Prepare for Opportunities Unleased by the Rapidly Changing Industry Structure
  • COVID-19 Rudely Interrupts the Fairly Healthy Pre-COVID Outlook. Economic Devastation Sends Shockwaves Through the Industry, Bringing it Down to its Knees.
  • A Severely Battered Global Economy Struggles to Revive
  • EXHIBIT 1: COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Auto Sales Come Down Crashing As Unemployment Spikes to Historic Highs
  • EXHIBIT 2: A Big Blow to Consumerism, Rising Levels of Unemployment Threatens to Shrink the Global Middle Class Population: Unemployment in the U.S. (In Million)
  • EXHIBIT 3: Rapidly Eroding Consumer Confidence Thwarts Hopes for a Quick Recovery: Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • EXHIBIT 4: COVID-19 Triggers Massive, Unexpected & Unprecedented Erosion in Vehicle Sales: Decline in Global Auto Sales (In Million Units) in the Year 2020
  • Apart From Shrinking Disposable Income & Plummeting Confidence, What Are the Other Factors Aggravating the Decline in Sales?
  • COVID-19 Triggers Unprecedented Disruptions in the Supply Chain & Accelerates the Urgency to Rethink Supply Chain Management
  • EXHIBIT 5: Unprecedented Losses Sustained in the Supply Chain Pushes Up the Focus on Resilience & Supply Chain Reinvention: Global Losses in Supply Chain as a % of Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) in the Year 2020
  • How Are OEMs Responding as They Walk Through the Ruins of the Automotive Supply Chain Left Behind by the Pandemic?
  • EXHIBIT 6: Supply Chain Disruptions Impact a Large Number of Auto OEMs: % Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of May 2020
  • EXHIBIT 7: Supply Chain Disruptions Along With Weak Demand Send Production Activity Slumping: Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
  • Here’s Why Automotive Adhesives Are Important in Manufacturing & Production
  • Automotive Adhesives: Definition, Scope, Types & Uses
  • Recent Market Activity
  • Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Modular Manufacturing & Production Platforms: The Cornerstone of Adhesives Demand
  • Focus on Lightweighting & Replacement of Wielding With Bonding Bodes Well for the Growth of Adhesives
  • EXHIBIT 8: Post Pandemic, Massive Engineering Interest in Lightweighting Will Create Massive Interest in Innovative Adhesive Technologies: Global Automotive Lightweight Materials Market (In US$ Billion) for the Years 2022, 2024 & 2026
  • Focus on the Environment Post COVID-19 Combined With Stringent Emission Standards to Drive Demand for Green Adhesives
  • A Review of Environmental & Emission Norms Legislated Till Date
  • EXHIBIT 9: Transportation is the Biggest Contributor to GHG Emissions: Global CO2 Emissions (In Billion Metric Tons) for the Year 2021
  • Here’s Why the Environment & Sustainability Will be Top Priorities After the Pandemic
  • EXHIBIT 10: Weathering the Economic Storm Does Not Mean Disregarding the Environment! Now is the Time for a World Which Prioritized Defense Over Health & Environment to Wake Up: Global Defense, Health & Energy R&D as a % of GDP
  • EXHIBIT 11: Compliance Standards for Reducing Emissions from Vehicles to Become Stricter, Post Pandemic Global GHG Emissions from Transportation (In Billion Tons of CO2) for the Year 2021
  • Eco-Friendly Adhesives Emerge Into the Spotlight
  • Electronification of Automobiles Drives Demand for Adhesives Suitable for Electronic Sub-Assemblies
  • The Future of Modern Cars is Digital. Software & Electronics Gain Precedence
  • EXHIBIT 12: Measuring the Growing Importance of Electronics in Cars: Automotive Electronics as a Percentage of Vehicle Production Cost for the Years 2010, 2020 & 2030
  • Rapid Proliferation of Electronic & Electrical Subsystems and Sub-Assembles Powered by Electronification and Electrification Trends Drives the Commercial Value of Electronic Adhesives
  • EXHIBIT 13: Average Value of In-Vehicle Electronics Per Vehicle (In US$) for the Years 2018, 2025 & 2030
  • Against this Backdrop, Adhesive Innovation for Automotive Electronics Gains Fervor
  • Innovation Remains Crucial for Guiding Future Growth in the Market
  • Here’s Why Mechanical Fasteners Are Being Replaced by Adhesives
  • EVs Open Up Attractive Opportunities for Adhesives
  • Favorable Outlook for EVs
  • Vital Role of Adhesives in EVs
  • EXHIBIT 14: Growing Demand for EVs Brings Good News for Adhesive Innovations: Number of EVs On Road Worldwide by Type (In Units) for the Years 2019 and 2022

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 230
Note: Product cover images may vary from those shown