Zion Market Research, the market research group announced the analysis report titled ‘Automotive Adhesives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024‘
Global Automotive Adhesives Market: Overview
Automotive adhesives act as most versatile bonding agents in the automotive industries. They are used to make cars lighter and tougher. Automotive adhesives are made by the blends of resins, additives, and synthetic rubber elastomers to improve its characteristics depending on end-use applications. Currently, automakers use aluminum and composites to weld auto parts together but they cannot hold body parts together at high pressure and speed. Automotive adhesives possess high strength; hence, they are widely used in this application. These adhesive make vehicles more durable, safer, and quieter and they are replacing traditional joining techniques include bolting, welding, and riveting. Automotive adhesives have revolutionized the auto industries in design, innovation, and comfort purpose. These adhesive are used to assemble glass, rubber, plastics, metal, and numerous other materials during manufacture of automobiles. They are also preventing access to dirt, salt, and water inside the car shell.
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Global Automotive Adhesives Market: Growth Factors
Automotive adhesives have sped up their production in the global market. They can be applied with high speed to the production line that obviously reduces time and cost together. Hence, it drives the global automotive adhesives market growth in the near future. It is expected that the consumption of the automotive adhesives per vehicle may increase in the coming years. In addition, automotive adhesives help to reduce harshness, noise, and vibration of the vehicle and provides comfort-driving feel. Moreover, they enhance performance and fuel efficiency of the vehicles driving the global market.
Global Automotive Adhesives Market: Segmentation
The global automotive adhesives market is classified based on applications as powertrain, body-in-white, assembly, and paint shop. Based on vehicle type, the global market is further divided as trucks, passenger vehicles, LCV, buses, and others. Furthermore, the global automotive adhesives market is categorized on the basis of resin types as polyamide, acrylic, polyurethane, silicone, epoxy, SMP, and others.
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Global Automotive Adhesives Market: Regional Analysis
The global automotive adhesives market includes geographical segment as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific holds the largest market share in the global market. China and Japan are major manufacturing centers in Asia Pacific and may continue to play a significant role in the global automotive adhesives market. Escalating growth in the global market in the countries such as Malaysia and Vietnam is anticipated to propel the global automotive adhesives market growth. Some other countries include South Korea, India, and Australia also boosting the global automotive adhesives market growth in the near future. However, constant growth in North America is expected to continue in the coming years. Western Europe and other European countries follow this trend.
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Global Automotive Adhesives Market: Competitive Players
Some of the major players dominating the global automotive adhesives market are Hindustan Adhesives Limited, Sika AG, 3M Company, Bayer, Ashland Specialty Chemical Company, The Dow Chemical Company, H.B. Fuller Company, BASF, and Henkel. Other key players influencing the global market include ExxonMobil Chemical Company, Hexion Specialty Chemicals, Covalence Adhesives, Dynea International Oy, and Forbo Adhesives Switzerland.
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