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Abstract, Snapshot, Market Analysis & Market Definition: Global Automotive Adhesives Market The global automotive adhesives market size was valued at USD 4.8 billion in 2018 and is estimated to progress at a CAGR of 4.4% from 2019 to 2025. Government initiatives to increase the production of lightweight vehicles is a major driver for market growth. The ability of adhesives to reduce vehicle weight, increase fuel efficiency, and lower carbon emissions is likely to augment the market growth over the next seven years. This has resulted in increased product penetration in automotive sector and, thereby, in the replacement of welding & metal joints with adhesives. An increase in harmful emissions has led to the establishment of stringent regulations to reduce environmental footprint of vehicles. For instance, in April 2019, the European Commission announced new carbon dioxide emission standards, which stated that CO2 emissions levels from new cars and vans will be reduced by 37.5% and 31.0%, respectively by 2030, as compared to 2021. Lightweight vehicles are fuel-efficient and have low carbon dioxide emissions. According to Henkel, the utilization of modern adhesives can reduce the weight of an automobile by as much as 15.0%. The growing production of lightweight vehicles is anticipated to fuel the consumption of adhesives in automotive industry over the forecast period. Although adhesives help reduce harmful vehicular emissions, they contribute to VOC emissions. As a result, several regulatory bodies such as the United States Environmental Protection Agency (EPA), California Air Resources Board (CARB), and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) have set certain guidelines & standards pertaining to their use to reduce environmental & health-related risks. Hence, manufacturers are switching to environment-friendly adhesives to abide by these regulations. Market Segmentation, Outlook & Viewpoint: Global Automotive Adhesives Market Technology Market Segmentation & Outlook (Revenue, USD Million; Volume, Kilotons, 2014 - 2025) Water-based Solvent-based Hot melt Reactive & others Function Market Segmentation & Outlook (Revenue, USD Million; Volume, Kilotons, 2014 - 2025) Bonding NVH Sealing/Protection Vehicle Market Segmentation & Outlook (Revenue, USD Million; Volume, Kilotons, 2014 - 2025) Passenger cars Light commercial vehicles Heavy & Medium commercial vehicles Application Market Segmentation & Outlook (Revenue, USD Million; Volume, Kilotons, 2014 - 2025) Exterior Acrylic Polyurethane Rubber Epoxy EVA PVA Others Interior Acrylic Polyurethane Rubber Epoxy EVA PVA Others Powertrain Acrylic Polyurethane Rubber Epoxy EVA PVA Others Electronics Acrylic Polyurethane Epoxy Others Body in white Acrylic Polyurethane Rubber Epoxy Others Others Acrylic Polyurethane Epoxy Others Key Players, Recent Developments & Regional Insights: Global Automotive Adhesives Market Automotive adhesives cater to various applications such as exterior, interior, powertrain, electronics, body in white, and chassis. Body in white segment constituted the largest volume share of 33.1% in 2018. Adhesives are increasingly replacing spot welding for the bonding of raw vehicle framework. Their application leads to weight reduction, increased crash durability, and reduced metal fatigue. Epoxy and polyurethane are the majorly used products in body in white application. Interior segment is anticipated to be the fastest-growing application segment over the forecast period. Adhesives are used in various interior applications such as dashboards, seating, headliners, door panels, and trunk trim. They play a significant role in sound elimination to offer a comfortable ride to passengers. Exterior segment was one of the major shareholding segments in 2018. Adhesives are used in headlamps, hand-on-parts, windscreen, hood, roof, and various other exterior components of a vehicle. Their use helps in uniform distribution of the load as compared to rivets, helping HCVs, such as buses, to offer better performance in rollover and impact tests. Polyurethane adhesives have excellent heat resistance and fast curing process. These properties allow them to be extensively used in headlamps, tailgates, fascia, roof modules, hang-on parts, and spoiler. Acrylics find application in exterior, interior, powertrain, electronics, and body in white. They are majorly preferred owing to their strong structural properties and are ideal for cross bonding metals to composites. Regional Insights North America and Europe are expected to witness slow growth rate as compared to other regions. The production of passenger cars in North America declined consecutively in the past four years (2015 to 2018). Also, Europe’s overall vehicle production declined by 0.3% in 2017 and 1.4% in 2018 compared to the previous years. This has affected the utilization of adhesives in these regions; however, growing emphasis on electric and lightweight vehicles is expected to boost the consumption of adhesives over the coming years. Asia Pacific constituted the largest volume share of 53.0% in 2018. The share is a result of growing opportunities in developing countries in terms of vehicle manufacturing and technology innovation. Presence of growth opportunities has pushed manufacturers to expand their production capacities and amplify their market reach. For instance, in November 2018, DuPont invested over USD 80 million for building a compounded high-end engineering plastics and adhesives manufacturing plant in China and the plant is expected to be operational by 2020. The products offered will cater to various industries including transportation. The Central & South America and Middle East & Africa regions are anticipated to register fastest growth rates over the forecast period. Increasing growth opportunities are propelling adhesive manufacturers to expand their capacities and regional footprint in these regions. For instance, in June 2019, H.B. Fuller announced the opening of its new adhesives center in Brazil after recognizing the potential of the Latin America market. Global Automotive Adhesives Market Share Insights The global market for automotive adhesives is fragmented in nature with the presence of various key players such as Henkel, H.B. Fuller, Sika AG, Dow, Arkema Group, and 3M along with medium and small-scale regional players operating in different parts of the world. Major companies in the market compete in terms of application development capability, product launches, and development of new technologies for product formulation. For instance, in March 2018, Sika launched a new range of expandable cavity sealers -SikaBaffle 400 series, for moisture sealing and acoustic dampening. The launch of this series was an attempt by the company to be in line with its strategy of delivering technologies with the latest automotive trends. Key Insights Covered: Global Automotive Adhesives Market 1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Automotive Adhesives industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Automotive Adhesives industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Automotive Adhesives industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Automotive Adhesives industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Automotive Adhesives industry. Research Methodology: Global Automotive Adhesives Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Table of Contents Chapter 1 Automotive Adhesives Market: Methodology and Scope 1.1 Market segmentation & scope 1.2 Research assumptions 1.3 Research methodology 1.4 Information procurement 1.5 Information analysis 1.6 Market formulation & data visualization 1.7 Data validation & publishing 1.8 List to Data SourcesChapter 2 Executive Summary 2.1 Automotive adhesives market outlook, 2018 2.2 Regional segment outlook, 2018 2.3 Function segment outlook, 2018 2.4 Vehicle segment outlook, 2018 2.5 Application segment outlook, 2018Chapter 3 Automotive Adhesives Market Variab | read more...