Automotive Adhesive Market Is Anticipated To Grow At A Cagr Of 5.5% During 2020-2025

By Author: Lucintel LLC
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The global Automotive Adhesive market is projected to reach $11.5 billion by 2025, at a CAGR of 5.5% during 2020-2025. The growth of automotive adhesive market is driven by 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.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the automotive adhesive market by resin type (epoxy, polyurethane, acrylic and others), vehicle type (passenger car and light commercial vehicle), application (interior and exterior), structure (structural and non-structural), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the automotive adhesive market?
Q.4 What are some changing demands of customers in the automotive adhesive market?
Q.5 What are the new developments in the automotive adhesive market? Which companies ...
... are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this automotive adhesive area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this 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.
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Market Segmentation:
Based on resin, the automotive adhesive market is segmented into epoxy, polyurethane, acrylic and others. The polyurethane segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to its low price, durability, and performance.
Asia Pacific is expected to be the largest region with the highest growth over the forecast period due to the growth in automotive industry in China, Japan, India, and other Asian countries.
Key Players in the automotive adhesive market are Henkel, 3M, Sika, Arkema, HB Fuller, and others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/automotive-adhesive-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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