The Global Market for Automotive Adhesives is Projected to Reach US$4.5 Billion by 2022

Strong Focus on Lightweighting & the Ensuing Replacement of Mechanical Fasteners With Adhesive Bonds to Spur Growth of Automotive Adhesives, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Automotive Adhesives market. The global market for Automotive Adhesives is projected to reach US$4.5 billion by 2022, driven by 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.  

Automotive engineering has been witnessing a sea change in vehicle design, control and software. Production techniques together with automotive material technologies have also undergone significant improvements driven by the ever growing consumer demand for quality, aesthetics, comfort, safety, and fuel efficiency. The processing and application features of adhesives provide enormous value to automotive manufacturers in the form of cost-effectiveness, flexibility in production process and reduced production time in assembly of auto parts, components and body panels. Adhesives also come across as a much faster bonding technology than the typically time consuming spot welding technology. Automotive adhesives are advanced materials typically made from epoxies that can be customized to bond any surface and endure temperature extremes. Manufacturing of modern cars involves the assembly of diverse mix of materials such as glass, sheet metal, plastics and rubber among others. Adhesives represent the most suitable solution for bonding all these materials. Adhesives are also used in joining composites plastics and metals. In comparison with traditional welding, adhesives provide numerous engineering benefits including design flexibility. Use of adhesives helps vehicle engineers use a range of light weight material such as carbon composites which cannot be bonded through traditional spot welding technology.

The market is expected to benefit from the expanding use of adhesives in structural bonding applications such as, chassis/brake applications, among others. Manufacturers are leveraging benefits of adhesives as bonding technology for achieving greater productivity, reducing costs, improving flexibility in manufacturing process and realizing goals of producing vehicles with high fuel efficiency, lower emissions, and superior durability. Besides the primary fastening functions, adhesives are utilized for sealing, electrical conducting or insulating, reducing vibration, harshness and noise, providing corrosion and temperature resistance, among various other functions. They are widely preferred for direct glazing wherein they increase rigidity of the vehicle body.

As stated by the new market research report on Automotive Adhesives, Asia-Pacific represents the largest as well as the fastest growing market with a CAGR of 6.7% over the analysis period. The growth in the region is led by the stable economic growth, growing employment rates, rising standards 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.

Major players in the global market include 3M Company, Bondo Corporation, Arkema Group, Bostik S.A., Ashland Global Holdings Inc., BASF SE, Bemis Associates, Inc., Covestro AG, E. I. DuPont de Nemours and Company, 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, Dow Corning Corporation, ThreeBond Co., Ltd., Transtar Autobody Technologies, Inc., and Wacker-Chemie AG

The research report titled “Automotive Adhesives: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World.

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