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In the automotive adhesives industry, adhesive bonding is a common joining technique besides welding and mechanical joining. Furthermore, the necessity of lightweight design and the use of different materials in the car body, the application of adhesives, is expanding continuously. According to Researcher, the global automotive adhesive market is expected to witness a considerable growth rate during the forecast period. The major factors responsible for the growth of the global automotive adhesives market are increasing demand from automotive industries and technological innovations primarily to reduce the vehicle's weight. However, volatility in raw material prices acts as the restrain for the automotive adhesive market.
Asia-Pacific region is expected to be the largest market for global automotive adhesive due to low manufacturing cost and the demand of automotive adhesives, mostly due to increasing automotive production.
The global automotive adhesives market is highly fragmented.
In April 2020, Dow introduced new DOWSIL EA-3838 Fast Adhesive, an advanced silicone adhesive that reduced energy usage in avionics, automotive electronics, lighting, and appliances. Moreover, in February 2020, German-based Henkel Adhesives Technology has invested around EUR 50 million (Rs 400 crores) on its new manufacturing facility in Pune. The company announced that it would invest another 50 million in the next five years on other projects in India.
GlobalAutomotive Adhesives Market report provides deep insight into the current and future state of the Automotive Adhesives market across various regions. The study comprehensively analyzes the automotive adhesives market by segmenting based on Resin (Epoxy, Acrylic, Polyurethane, Silicone, Polyamide, and Other Resins), Technology (Water-borne, Solvent-borne, Reactive, and Other Technologies), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
Asia-Pacific region is expected to be the largest market for global automotive adhesive due to low manufacturing cost and the demand of automotive adhesives, mostly due to increasing automotive production.
The global automotive adhesives market is highly fragmented.
Major players
in the market were found to be 3M, Henkel, Arkema Group (Bostik SA), Dupont, and H.B. Fuller, among others.In April 2020, Dow introduced new DOWSIL EA-3838 Fast Adhesive, an advanced silicone adhesive that reduced energy usage in avionics, automotive electronics, lighting, and appliances. Moreover, in February 2020, German-based Henkel Adhesives Technology has invested around EUR 50 million (Rs 400 crores) on its new manufacturing facility in Pune. The company announced that it would invest another 50 million in the next five years on other projects in India.
GlobalAutomotive Adhesives Market report provides deep insight into the current and future state of the Automotive Adhesives market across various regions. The study comprehensively analyzes the automotive adhesives market by segmenting based on Resin (Epoxy, Acrylic, Polyurethane, Silicone, Polyamide, and Other Resins), Technology (Water-borne, Solvent-borne, Reactive, and Other Technologies), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
