Automotive Adhesives Market Growth, Share, Size, Trend, Region, Resin Type, Technology, Application, Forecast, 2022-2030

automotive-adhesives-market

The report offers a detailed segmentation of the global automotive adhesives market on the basis of product resin type, technology, application, and region.

PORTLAND, OREGON, USA, October 7, 2022 /EINPresswire.com/ — According to the report automotive adhesives market technology-based, the water-based segment held the largest market share in 2020, holding almost half of the total market share, and is expected to maintain its leading status during the forecast period. Moreover, the solvent-based segment is expected to register the highest CAGR of 6.7% from 2021 to 2030.

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Based on region, Asia-Pacific contributed the highest share in terms of revenue in 2020, holding more than two-fifths of the global automotive adhesives market, and is expected to maintain its dominant share by 2030. Moreover, the same region is expected to manifest the fastest CAGR of 6.5% during the forecast period.

According to the report published by Allied Market Research, the global automotive adhesives market generated USD 4.7 billion in 2020 and is expected to reach USD 8.4 billion by 2030, growing at a CAGR of 5.9% from 2021 to 2030. The report provides a detailed analysis of the market development. dynamics, upper segments, value chain, key investment pockets, regional scenario and competitive landscape.

Based on resin type, the polyamide segment held the highest market share in 2020, holding nearly a quarter of the total market share, and is expected to maintain its leading status during the forecast period. . Additionally, the acrylics segment is estimated to register the highest CAGR of 7.1% from 2021 to 2030.

Rising sales of automotive adhesives owing to underlying strength in vehicle sales, technological advancements in automobile manufacturing and adoption of smart cars are driving the growth of the global automotive adhesives market. However, rising commodity prices and the effect of the recession on end-use industries are dampening growth to some extent. On the other hand, growing demand for automotive adhesives in Asia-Pacific presents new opportunities in the coming years. The report offers a detailed segmentation of the global automotive adhesives market on the basis of product resin type, technology, application, and region.

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Key players in the global automotive adhesives market analyzed in the research include Henkel & Co. KGaA, Bostik SA, 3M Company, The DOW Chemical Company, Sika AG, HB Fuller, PPG Industries, Jowat AG, Illinois Tool Works Corporation, and Solvay SA .

COVID-19 scenario:

• The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global automotive adhesives market.
• The pandemic has put in place restrictions on import and export activities. It also disrupted the supply chain, leading to a sharp rise in the prices of raw materials to produce adhesives.
• However, the market should recover soon.

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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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Allied Analytics LLP
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