The global automotive adhesives market is anticipated to grow at a CAGR of 7.4% during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for light-weight vehicles, increased demand for fuel-efficiency, along with lower carbon emissions. This has raised the adoption of automotive adhesives in the sector and replaced the welding & metal joints with adhesives.

Besides, several government initiatives for boosting the overall manufacturing of lightweight vehicles are also one of the major factors that drive the growth of the market, as these vehicles have low carbon emissions and are fuel-efficient. Using modern and advanced adhesives in the automobile can reduce the weight of an automobile by around 15.0%, as per Henkel AG & Co., KGaA, one of the leading players in the market. Hence, the manufacturing of lightweight vehicles is likely to enhance the overall adhesives consumption for various applications in the industry and turn contribute to the market growth over the forecast period.

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The global automotive adhesives market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the automotive adhesives market in the region. The regional growth of the market is accredited to the presence of leading producers and consumers in the region as well as the international adhesives manufacturing companies expanding their businesses towards the untapped areas of the region. Increased adoption of personal vehicles across the economies of the region such as India and China also aid the growth of the market. Further, the European region is also estimated to contribute a significant value for the market, attributing to the presence of key automotive companies across the region.

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The global 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 into polyurethanes, polyamide, acrylics, silicone, epoxy, SMP, MMA, and others. Based on the adhesive types, the market is segmented into 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.

Global Automotive Adhesives Market – Segmentation
by Resin Type
Polyurethanes
Polyamide
Acrylics
Silicone
Epoxy
SMP (Silyl-Modified Polymer)
MMA (Methyl Methacrylate)
Other Resin Type
by Adhesive Type
Tapes & Films
Liquid Gasket
Structural
Thread Locks & Retainers
Others Adhesive Type
by Applications
Assembly
Body in White (BIW)
Glazing
Paint
Upholstery
Others Application
by Vehicle Type
Passenger Cars
Two-Wheelers
Commercial Vehicle
by Sales Channel
OEM (Original Equipment Manufacturer) & Auto-Ancillaries
Aftermarket/Retail

Global Automotive Adhesives Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
3M Co.
Akzo Nobel NV
Arkema SA
Ashland Global Specialty Chemicals Inc.
Avery Dennison Corp.
BASF SE
Cattie Adhesives
Dow Inc.
Franklin International Inc.
H.B. Fuller Co.
Henkel AG & Co., KGaA
Hernon Manufacturing, Inc.
Huntsman International LLC
Illinois Tool Works Inc. (ITW Performance Polymers)
Jowat SE
LORD Corp.
PPG Industries, Inc.
Sika AG
Solvay SA
Tremco Illbruck (RPM International Inc.)
Wacker Chemie AG

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