PUBLISHER: Lucintel | PRODUCT CODE: 1448439
PUBLISHER: Lucintel | PRODUCT CODE: 1448439
Automotive Adhesive Market Trends and Forecast
The future of the global automotive adhesive market looks promising with opportunities in passenger car and light commercial vehicles. The global automotive adhesive market is expected to reach an estimated $23.9 billion by 2030 with a CAGR of 11.4% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight materials in vehicle manufacturing and replacement of mechanical fasteners with adhesives to make vehicles lighter and to meet higher fuel economy requirements.
Emerging Trends in the Automotive Adhesive Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of composites and lightweight materials in vehicles and new silicone-based electrically conductive adhesives in various automotive applications, and increasing applications of two component polyurethane adhesives.
A total of 157 figures / charts and 132 tables are provided in this 220 -page report to help in your business decisions. Sample figures with some insights are shown below.
Automotive Adhesive Market by Segment
The study includes trends and forecast for the global automotive adhesive market by resin type, vehicle type, application, structure, and region, as follows:
List of Automotive Adhesive Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive adhesive companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive adhesive companies profiled in this report includes.
Automotive Adhesive Market Insight
Features of Automotive Adhesive Market
FAQ
Q1. What is the automotive adhesive market size?
Answer:The global automotive adhesive market is expected to reach an estimated $23.9 billion by 2030.
Q2. What is the growth forecast for automotive adhesive market?
Answer:The automotive adhesive market is expected to grow at a CAGR of 11.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive adhesive market?
Answer: The major drivers for this market are increasing demand for lightweight materials in vehicle manufacturing and replacement of mechanical fasteners with adhesives to make vehicles lighter and to meet higher fuel economy requirements.
Q4. What are the major applications or end use industries for automotive adhesive?
Answer:Exterior automotive is the major application for automotive adhesive market.
Q5. What are the emerging trends in automotive adhesive market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of composites and lightweight materials in vehicles and new silicone-based electrically conductive adhesives in various automotive applications, and increasing applications of two component polyurethane adhesives.
Q6. Who are the key automotive adhesive companies?
Answer:Some of the key automotive adhesive companies are as follows:
Q7.Which automotive adhesive structure segment will be the largest in future?
Answer: Lucintel forecasts that non-structural automotive will remain the largest segment and it is expected to witness the highest growth over the forecast period.
Q8: In automotive adhesive market, which region is expected to be the largest in next 5 years?
Answer:Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.