ID : CBI_1682 | Updated on : | Author : Amit Sati | Category : Materials And Chemicals
Automotive Adhesives Market size is growing with a CAGR of 7.1% during the forecast period (2025-2032), and the market is projected to be valued at USD 11.52 Billion by 2032 from USD 6.65 Billion in 2024. Additionally, the market value for the 2025 attributes to USD 7.10 Billion.
Automotive adhesives are bonding agents. They are designed to join various materials during vehicle manufacturing. This includes metals, plastics, composites, and glass among others. They are generally advantageous in replacing traditional fasteners such as welds, bolts, rivets, and others. This helps with the construction of lighter vehicles and improved structural integrity. These adhesives are manufactured by blending different chemical resins. This includes polyurethanes, epoxies, acrylics, and silicone among others. These agents provide multiple advantages such as resistance to extreme temperatures, high chemical resistance, and excellent corrosion protection.
Automotive adhesives provide multiple advantages. New formulations are advantageous in bonding dissimilar materials. An example includes aluminum with advanced composites. Moreover, innovations in UV curing technologies are helpful in reducing assembly time. Additionally, viscoelastic adhesives are proven to be excellent in noise, vibration, and hardness. Furthermore, complex automotive electronics have required specialized adhesives used in potting. Consequently, manufacturers are launching new formulations, thus positively impacting automotive adhesives market trends.
For instance,
Overall, technological advancements are significantly boosting the automotive adhesives market expansion.
Automotive adhesives are crucial for electric vehicles, as they are used to reduce the weight of vehicles. They serve as robust and strong bonding solution for multiple materials. This is helpful in reducing the risk of any component failure. Moreover, they are beneficial in transferring heat efficiently. This prevents vehicles from overheating and improves battery performance. Additionally, they provide extremely rigid vibration-dampened structure. This provides smooth handling and easy rides. The growing concerns over environment and government initiatives have led to increased manufacturing of these vehicles, thus requiring these adhesives for multiple applications.
For instance,
Thus, increasing electric vehicles manufacturing is accelerating the global automotive adhesives market growth.
Companies worldwide are facing increasing scrutiny related to volatile organic compounds (VOCs). This is because they are the most utilized components in automotive adhesives to improve performance. However, these VOCs have detrimental effects on human health and impact environmental negatively. Governments across different regions and countries are understanding these effects and are implementing regulations to reduce usage of VOCs. They are imposing certain limits of VOCs which are permissible for usage. They are also promoting solvent-free formulations. This has pushed manufacturers to invest in research and development activities to formulate new formulation with low VOCs or no VOCs. This is also increasing the product cost, as it is due to the usage of safer alternatives. Hence, the stringent regulatory landscape for VOCs is hampering the automotive adhesives market demand.
Automotive adhesives are increasingly used in automotive interiors. They are beneficial in enhancing aesthetics. Moreover, they provide improving durability and placing these adhesives also secure that interiors are protected from external harsh conditions such as UV radiation, moisture, and extreme temperatures. They enable sleek designs by replacing traditional fasteners. They provide cleaner and premium look to dashboards, door panels, and consoles among others. Manufacturers are introducing new formulations which are designed specifically for interiors.
For instance,
Overall, growing utilization in vehicles interiors is expected to increase the automotive adhesives market opportunities.
Based on type, the market is categorized into polyurethane adhesives, epoxy adhesives, acrylic adhesives, silicone adhesives, and others.
Trends in Type:
The polyurethane adhesives segment accounted for the largest market share of 31.66% in 2024.
The epoxy adhesives segment is expected to grow at the fastest CAGR over the forecast period.
Based on technology, the market is categorized into water-based, solvent-based, hot melt, and others.
Trends in Technology
The water-based segment accounted for the largest market share in 2024 and is expected to grow at the fastest CAGR over the forecast period.
Based on vehicle type, the market is categorized into passenger vehicles and commercial vehicles.
Trends in Vehicle Type
The commercial vehicles segment accounted for the largest market share in 2024.
The passenger vehicles segment is expected to grow at the fastest CAGR over the forecast period.
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2024, Asia Pacific accounted for the highest automotive adhesives market share at 36.75% and was valued at USD 2.32 Billion and is expected to reach USD 4.12 Billion in 2032. In Asia Pacific, the China accounted for the automotive adhesives market share of 23.11% during the base year of 2024. This region is the fastest growing automotive hub in the world. China, India, Japan, and South Korea are facing increased need for passenger cars. Adhesives in passenger cars are used to bond different parts such as interior trim pieces, dashboards, and upholstery among others. This provides a secure and durable fit. This has global manufacturers such as Henkel and SIKA to invest in the region in different forms thereby driving the market.
For instance,
Overall, global adhesive manufacturers levering the growth of automotive sector is driving the market in the region.
In North America, the automotive adhesives market is experiencing the fastest growth with a CAGR of 7.7% over the forecast period. There is increasing the adoption of electric vehicles in the region. This is fueled by increasing government incentives and consumers increasingly favoring options which are sustainable and do not impact on the environment. This has pushed manufacturers to increase the production of electric vehicles, thus requiring adhesives. Adhesives are used to bond structural components such as roof panels, doors, and hoods. This reduces overall vehicle weight, while improving rigidity.
Europe's automotive adhesives market analysis indicates that several key trends are contributing to its growth in the region. There are lot of technological advancements going on in adhesives manufactured for automotive applications. European players are adopting advanced materials which are also safer and do contribute to the environment positively. New formulations are being developed to bond complex materials such as composites. Specific adhesives are being developed for interiors and exteriors. Moreover, new formulations are also manufactured with low VOC content.
Middle East and Africa (MEA) market analysis indicates that there is an increased usage of automotive electronics in the region. This includes advanced driver-assistance systems, automatic emergency braking, and adaptive cruise control among others. This is fueled by consumers seeking advanced features in vehicles. Adhesives are used in automotive electronics for potting and encapsulation. They bond sensitive electronic components and are beneficial in protecting them from thermal stress.
Latin America's region creates potential for the market. The region is facing increasing commercial vehicle production. This is fueled by increasing industrialization and infrastructure development. Moreover, the e-commerce sector is also booming. Countries such as Brazil and Argentina leads the market. They require adhesives for structural bonding for different parts. This includes truck cabins and trailer bodies among others. They provide structures with enhanced durability and improved safety. Moreover, these adhesives provide essential sealing for cargo compartments.
The Automotive Adhesives market is highly competitive with major players providing products to the national and international markets. Key players are adopting several strategies in research and development (R&D) and product innovation to hold a strong position in the global Automotive Adhesives market. Key players in The Automotive Adhesives industry include-
Product Launch:
Partnership:
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 11.52 Billion |
CAGR (2024-2031) | 7.1% |
By Type |
|
By Technology |
|
By Vehicle Type |
|
By Region |
|
Key Players |
|
North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
|
In 2024, the Automotive Adhesives market is USD 6.65 Billion.
North America is the fastest-growing region in the Automotive Adhesives market.
Type, Technology and Vehicle Type segmentation details are covered in the Automotive Adhesives market.
H.B Fuller Company (United States), SIKA AG (Switzerland), Bostik (France), Henkel AG & Co. KGaA (Germany), and LG Chem (South Korea) are some major players in the market.