PUBLISHER: Value Market Research | PRODUCT CODE: 1578298
PUBLISHER: Value Market Research | PRODUCT CODE: 1578298
The global demand for Automotive Adhesives Market is presumed to reach the market size of nearly USD 8.42 Billion by 2032 from USD 5.46 Billion in 2023 with a CAGR of 4.94% under the study period 2024-2032.
Automotive Adhesives refer to glue or sealant used in the automotive sector that exhibits widespread utilization, ranging from small sensors to vehicle chassis. The adhesives used in the automotive sector are lightweight components utilized for binding automotive parts of several materials metals, plastic, and composites. The typical application of adhesive involves structural bonding of chassis and driveshaft, sealing interior dashboard and trim, thread-locking and retaining bearings, bolts, and pins, and gasketing gearbox and sump. Several materials like resins, rubber elastomers, synthetic elastomers are used for manufacturing automotive adhesive and certain additives are added to enhance specific characteristics of the material.
The adhesives are utilized in the automotive industry for linking and binding various vehicle components. The increase in utilization is bolstered by several advantages like reducing the mass of the vehicle, boosts crash performances, minimizes NVH, and increases the stiffness of the front and lateral body. Therefore, the widespread application in the automotive industry is the key driving force for the global automotive adhesive market. The COVID-19 pandemic is anticipated to cut-down the trade of automotive because of travel restrictions (local, domestic, and international), disrupted end-user behavior and manufacturers. This factor is the key challenge for the global automotive adhesive market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Automotive Adhesives. The growth and trends of Automotive Adhesives industry provide a holistic approach to this study.
This section of the Automotive Adhesives market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Automotive Adhesives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Automotive Adhesives market include Henkel, H.B. Fuller, Sika AG, Dow, Arkema Group, 3M. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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