Automotive Adhesives Market by Resin Type - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4333253
  • Report
  • Region: Global
  • 230 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • 3M Company
  • Bostik S.A
  • H.B. Fuller
  • Henkel & Co. Kgaa
  • Jowat Ag
  • Ppg Industries
  • MORE
The global automotive adhesives market size was valued at $3,771 million in 2016, and is anticipated to grow at a CAGR of 5.4% from 2016 to 2023, to reach $5,459 million by 2023. Adhesives are lightweight components used to bind most composites and plastic materials. They are known for improving stress distribution and joining the similar & dissimilar substrates (steel and aluminum parts) to reduce vehicle weight. Adhesive is the most versatile bonding agent available today and are used by vehicle manufacturers to make cars lighter and tougher. Moreover, adhesives are made from precise blends of synthetic rubber elastomers, resins, and additives such as photo initiators and stabilizers, which enhance the characteristics of automotive adhesives. In addition, automobile manufacturers bind aluminum and composites so that vehicle parts are intact even at high speed and pressure. Adhesives do not lose strength and hence are used for these applications.

Automotive adhesives exhibit multiple applications in the automobile industry by enhancing the design and infrastructure of vehicles. Adhesives are deployed to fabricate rubber, metal, glass, and plastics together during the manufacture of automobiles. They inhibit the ingress of salt, dirt, and water in the car body shell. Moreover, they improve the vehicle body stiffness & durability and provide improved crash performance. In addition, use of adhesives at multiple stages of production of an automobile has significantly driven the market growth. Adhesives are used for direct glazing, which improves the rigidity of vehicles. They are deployed on the production line, which results in cost reduction and savings. Therefore, adhesives have significantly improved the fuel efficiency of automobiles and provide enhanced performance, which is a key driver of the automotive industry.

The global automotive adhesives market is segmented based on resin type, technology, application, vehicle type, and geography. On the basis of resin type, the market is classified into polyurethanes, epoxy, acrylics, silicone, SMP, polyamide, and others (rubber and phenolic). By technology, it is categorized into hotmelt, solvent based, water based, pressure sensitive, and others (reactive and thermosetting). Applications covered in the study include body in white, power train, paint shop, and assembly. Based on vehicle type, the market is divided into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Leading market players have largely invested in R&D activities to develop advanced products to cater to the demand of end users. The major players in the biocides market include:

Henkel & Co. KGaA
Bostik S.A
3M Company
The DOW Chemical Company
Sika AG
H.B. Fuller
PPG Industries
Illinois Tool Works Corporation
Jowat AG
Solvay S.A.

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023, which assists to identify prevailing market opportunities.
Major countries in each region are mapped as per individual market revenue.
The region-wise and country-wise automotive adhesives market conditions are comprehensively analyzed in the report.
This study evaluates the competitive landscape and value chain to understand the market scenario.
An in-depth analysis of segmentation of automotive adhesives market is provided.

KEY MARKET SEGMENTS

By Resin Type

Polyurethane
Epoxy
Acrylics
Silicone
SMP
Polyamide
Others (Rubber and Phenolic Adhesives)

By Technology

Hot Melt
Solvent Based
Water Based
Pressure Sensitive
Others (Reactive and Thermosetting)

By Application

Body in White (BIW)
Powertrain
Paint Shop
Assembly

By Vehicle Type
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles

By Geography

North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA

The other players in the value chain (profiles not included in the report) are:

Bayer A.G.
Ashland Speciality Company
Hexion Speciality Chemicals
Covalence Adhesives
Forbo Adhesives Switzerland
ExxonMobil Chemical Company
Hindustan Adhesives Limited
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Company
  • Bostik S.A
  • H.B. Fuller
  • Henkel & Co. Kgaa
  • Jowat Ag
  • Ppg Industries
  • MORE
CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Deployment of adhesives leading to reduction of noise, vibration and harshness properties of vehicles
3.4.1.2. Growing demand of automotive adhesives among Asia-Pacific
3.4.1.3. Technological advancements in manufacturing of automobiles

3.4.2. Restraints

3.4.2.1. Effect of recession on end-use industries
3.4.2.2. Rise in raw material prices

3.4.3. Opportunity

3.4.3.1. Growing Demand for Low VOC, Green, and Sustainable Adhesives

3.5. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4. GLOBAL AUTOMOTIVE ADHESIVES MARKET, BY RESIN TYPE

4.1. INTRODUCTION

4.1.1. Market Size and Forecast

4.2. POLYURETHANE

4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast

4.3. EPOXY

4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast

4.4. ACRYLIC

4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast

4.5. SILICONE

4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast

4.6. SMP

4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast

4.7. POLYAMIDE

4.7.1. Key Market Trends, Growth Factors and Opportunities
4.7.2. Market Size and Forecast

4.8. OTHERS (PHENOLIC, RUBBER)

4.8.1. Key Market Trends, Growth Factors and Opportunities
4.8.2. Market Size and Forecast

CHAPTER 5. GLOBAL AUTOMOTIVE ADHESIVES MARKET, BY TECHNOLOGY

5.1. INTRODUCTION

5.1.1. Market Size and Forecast

5.2. HOT MELT

5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast

5.3. SOLVENT BASED

5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast

5.4. WATER BASED

5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast

5.5. PRESSURE SENSITIVE

5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast

5.6. OTHERS (REACTIVE AND THERMOSETTING)

5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast

CHAPTER 6. GLOBAL AUTOMOTIVE ADHESIVES MARKET, BY VEHICLE TYPE

6.1. INTRODUCTION

6.1.1. Market Size and Forecast

6.2. PASSENGER VEHICLE

6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast

6.3. LIGHT COMMERCIAL VEHICLE

6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast

6.4. HEAVY COMMERCIAL VEHICLE

6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast

CHAPTER 7. GLOBAL AUTOMOTIVE ADHESIVES MARKET, BY APPLICATION

7.1. INTRODUCTION

7.1.1. Market Size and Forecast

7.2. BODY IN WHITE (BIW)

7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast

7.3. POWERTRAIN

7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast

7.4. PAINT SHOP

7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast

7.5. ASSEMBLY

7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast

CHAPTER 8. GLOBAL AUTOMOTIVE ADHESIVES MARKET, BY GEOGRAPHY

8.1. INTRODUCTION

8.1.1. Market Size and Forecast

8.2. NORTH AMERICA

8.2.1. Key Market Trends, Growth Factors and Opportunities
8.2.2. Market Size and Forecast
8.2.3. U.S.

8.2.3.1. Market size and forecast, by vehicle type

8.2.4. Canada

8.2.4.1. Market size and forecast, by vehicle type

8.2.5. Mexico

8.2.5.1. Market size and forecast, by vehicle type

8.3. EUROPE

8.3.1. Key Market Trends, Growth Factors and Opportunities
8.3.2. Market Size and Forecast
8.3.3. Germany

8.3.3.1. Market size and forecast, by vehicle type

8.3.4. France

8.3.4.1. Market size and forecast, by vehicle type

8.3.5. UK

8.3.5.1. Market size and forecast, by vehicle type

8.3.6. Spain

8.3.6.1. Market size and forecast, by vehicle type

8.3.7. Italy

8.3.7.1. Market size and forecast, by vehicle type

8.3.8. Rest of Europe

8.3.8.1. Market size and forecast, by vehicle type

8.4. ASIA-PACIFIC

8.4.1. Key Market Trends, Growth Factors and Opportunities
8.4.2. Market Size and Forecast
8.4.3. India

8.4.3.1. Market size and forecast, by vehicle type

8.4.4. China

8.4.4.1. Market size and forecast, by vehicle type

8.4.5. Japan

8.4.5.1. Market size and forecast, by vehicle type

8.4.6. Australia

8.4.6.1. Market size and forecast, by vehicle type

8.4.7. Korea

8.4.7.1. Market size and forecast, by vehicle type

8.4.8. Rest of Asia-Pacific

8.4.8.1. Market size and forecast, by vehicle type

8.5. LAMEA

8.5.1. Key Market Trends, Growth Factors and Opportunities
8.5.2. Market Size and Forecast
8.5.3. Brazil

8.5.3.1. Market size and forecast, by vehicle type

8.5.4. KSA

8.5.4.1. Market size and forecast, by vehicle type

8.5.5. South Africa

8.5.5.1. Market size and forecast, by vehicle type

8.5.6. Rest of LAMEA

8.5.6.1. Market size and forecast, by vehicle type

CHAPTER 9. COMPANY PROFILES

9.1. HENKEL & CO. KGAA

9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Business Performance
9.1.5. Key Strategic Moves and Developments

9.2. BOSTIK S.A.

9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Business Performance
9.2.5. Key Strategic Moves and Developments

9.3. 3M COMPANY

9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Operating Business Segments
9.3.4. Business Performance
9.3.5. Key Strategic Moves and Developments

9.4. THE DOW CHEMICAL COMPANY

9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Operating Business Segments
9.4.4. Business Performance
9.4.5. Key Strategic Moves and Developments

9.5. SIKA AG

9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Operating Business Segments
9.5.4. Business Performance
9.5.5. Key Strategic Moves and Developments

9.6. H.B. FULLER

9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Business Performance
9.6.5. Key Strategic Moves and Developments

9.7. PPG INDUSTRIES

9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Operating Business Segments
9.7.4. Business Performance
9.7.5. Key Strategic Moves and Developments

9.8. ILLINOIS TOOL WORKS CORPORATION

9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Operating Business Segments
9.8.4. Business Performance
9.8.5. Key Strategic Moves and Developments

9.9. JOWAT AG

9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Business Performance
9.9.5. Key Strategic Moves and Developments

9.10. SOLVAY S.A.

9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Operating Business Segments
9.10.4. Business Performance
9.10.5. Key Strategic Moves and Developments
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FEATURED COMPANIES

  • 3M Company
  • Bostik S.A
  • H.B. Fuller
  • Henkel & Co. Kgaa
  • Jowat Ag
  • Ppg Industries
  • MORE
Automotive Adhesives Market Report, forecasts that the global market was valued at $3,771 million in 2016, and is projected to reach $5,459 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023. The polyurethane resin type segment accounted for one-third of the total maximum share in 2016.

Adhesives are lightweight components used to bind composites and lightweight materials. The use of adhesives in automotive manufacturing processes offers the designer additional possibilities to exploit new, innovative design and manufacturing concepts. Adhesives are particularly popular for lightweight constructions, where thin-walled parts are joint. In addition, adhesive bonding allows combining different types of materials such as aluminum with other metals, plastics, and composites, which otherwise are not reliably joint or would require additional measures to avoid galvanic corrosion effects.
Presently, the global automotive adhesives market is witnessing significant growth, owing to increase in demand for lightweight and low carbon emitting vehicles. Moreover, rise in use of aluminum in automobile manufacturing to reduce the weight of automobiles fuels the adoption of automobile adhesives. In addition, increase in use of plastics and composite materials in the process to manufacture smart vehicles based on sustainable adhesives in developing economies is another factor that boosts the market growth. High economic growth rate and the increase in demand from end-use industry is further supplement the growth of the market.
The polyurethane resin type segment accounted for one-third of the total market share, in terms of volume, in 2016. Moreover, this segment witnesses strong demand in countries such as Brazil, China, and Japan, owing to its superior properties such as bonding on different surfaces, UV & heat stability, rapid curing, superior chemical resistance, and enhanced optical clarity. Furthermore, these adhesives are increasingly utilized for the repair and maintenance work in automobiles. In addition, these are majorly used where there is requirement for higher efficiency at low operating costs.

Key Findings of the Automotive Adhesives Market:
In terms of value, the epoxy resin type segment is anticipated to exhibit the growth rate of 5.4% during the analysis period.
Asia-Pacific is projected to lead the market in 2023, and is estimated to grow with a CAGR of 5.6%, in terms of value.
The light commercial vehicle segment occupied nearly one-fifth of the total market in 2016.
China occupied nearly half of the total Asia-Pacific automotive adhesives market in 2016.
In terms of value, Italy is expected to grow at a CAGR of 5.9% from 2017 to 2023.
In 2016, Asia-Pacific accounted for nearly half of the total automotive adhesives market, and is expected to continue this trend, owing to rapid growth of automotive industry, specifically in China, India, Japan, and other developing countries.
The major companies profiled in the report include Henkel & Co. KGaA, Bostik S.A., 3M Company, The DOW Chemical Company, Sika AG, H.B. Fuller, PPG Industries, Illinois Tool Works Corporation, Jowat AG, and Solvay S.A.
Note: Product cover images may vary from those shown
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  • Henkel & Co. Kgaa
  • Bostik S.A
  • 3M Company
  • The Dow Chemical Company
  • Sika Ag
  • H.B. Fuller
  • Ppg Industries
  • Illinois Tool Works Corporation
  • Jowat Ag
  • Solvay S.A.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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