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Global Automotive Adhesives Market Information Report by Type (Polyurethane, Acrylic, Polyamide, Others), By Application (Paint Shop, Assembly, Powertrain, Others) and By Region - Global Forecast To 2022
Forecast to 2022
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2022
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Global Automotive Adhesives Market Information Report by Type (Polyurethane, Acrylic, Polyamide, Others), By Application
Automotive Adhesives Market Information Report by Type (Polyurethane, Acrylic, Polyamide, Others), By Application
(Paint Shop, Assembly, Powertrain, Others) and By Region
(Paint Shop, Assembly, Powertrain, Others) and By Region - - Global Forecast To 2022
Global Forecast To 2022
Automotive adhesives are a lightweight method of joining composites and plastic materials in automotive. Automotive adhesives are majorly used in
construction of automotive interior parts and electronics.
One of the key drivers for the growth of automotive adhesives market is the increase in demand of lightweight and Low Carbon Emitting Vehicles
which encourages the use of materials such as aluminium for decreasing the weight of automotive, which leads to use of automotive adhesives. The
technological advancements in manufacturing of automobiles and the adoption of smart cars is also driving the use of automotive adhesives. The
increase in use of average adhesive volume with the increasing complexity in design of vehicles is also driving the growth of the market. However, the
growth of this market is expected to be restrained by huge volatility in the prices of raw materials.
Asia-Pacific region is expected to be the fastest growing region in the automotive adhesives market during the forecast period. The growth of this region can be
attributed to emerging economies such as of China and India in the region, which attract many global players to set up their production base by providing cheap
and suitable quality raw-materials. The wide customer base which demands high quality automobiles is also driving the manufacturers to use best quality
automotive adhesives, thereby driving the growth of the market.
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The key players of Automotive adhesives market are The Dow Chemical Company (U.S.), Henkel (Germany), BASF (Germany), 3M Company (U.S.),
Ashland Specialty Chemical Company (U.S.), H.B. Fuller Company(U.S.), Hindustan Adhesives Limited (India), Dynea International Oy (Finland),
Hexion Specialty Chemicals Inc. (U.S) Covalence Specialty Adhesives LLC (U.S.) and others
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