The European automotive adhesives market is projected to grow at a CAGR of 6.9% during the forecast period (2020-2026). The major factor that drives the growth of the market includes the transition of the key players towards electric and hybrid vehicles. Also, owing to the stringent emission norms implemented by the government and the shift toward vehicle electrification by the players is supporting the growth of the European automotive adhesives market over the forecast period. Further, the market is expected to witness significant growth owing to the benefits offered by automotive adhesives over traditional metal welding. Automotive adhesives also reduce the noise, harshness, and vibration of the vehicle and offer comfortable driving. Hence, attributing to such factors, the market is estimated to witness growth over the forecast period.
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The European automotive adhesives market is segmented on the basis of resin type, adhesive type, applications, vehicle type, and sales channel. Based on the resin type, the market is segmented as polyurethanes, polyamide, acrylics, silicone, epoxy, SMP, MMA, and others. Based on the adhesive types, the market is segmented as tapes & films, liquid gasket, structural, thread-locks & retainers, and others. Based on the application, the market is segmented as assembly, body in white (BIW), glazing, paint, upholstery, and others. Based on the vehicle type, the market is segmented as passenger vehicles, two-wheelers, and commercial vehicles. By the sales channel, the market is segmented into OEM & auto-ancillaries and aftermarket/retail.
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The market study of the European automotive adhesives market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.
Europe Automotive Adhesives Market – Segmentation
by Resin Type
Polyurethanes
Polyamide
Acrylics
Silicone
Epoxy
SMP (Silyl-Modified Polymer)
MMA (Methyl Methacrylate)
Other Resins
by Adhesive Type
Tapes & Films
Liquid Gasket
Structural
Thread-Locks & Retainers
Other Adhesive Type
by Applications
Assembly
Body in White (BIW)
Glazing
Paint
Upholstery
Other Application
by Vehicle Type
Passenger Vehicle
Two-Wheeler
Commercial Vehicle
by Sales Channel
OEM (Original Equipment Manufacturer) & Auto-ancillaries
Aftermarket/Retail
Europe Automotive Adhesives Market – Segmentation by Region
UK
Germany
France
Italy
Spain
Rest of Europe
Company Profiles
3M Co.
Akzo Nobel NV
Arkema SA
Ashland Global Specialty Chemicals Inc.
BASF SE
Dow Inc.
H.B. Fuller Co.
Henkel AG & Co., KGaA
Huntsman International LLC
Jowat SE
Sika AG
Solvay SA
Wacker Chemie AG.
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