Lucintel Forecasts the Global Automotive Adhesive Market to Reach $24 Billion by 2030
Lucintel Forecasts the Global Automotive Adhesive Market to Reach $24 Billion by 2030
Blog Article
According to the recent study the global Automotive Adhesive Market is projected to reach an estimated $24 billion by 2030 from $11 billion in 2023 at a CAGR of 14% from 2023 to 2030. Growth in this market is primarily 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.
Browse 157 figures/charts and 132 tables in this 250-page report to understand trends, opportunities and forecast in global 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).
Lucintel forecasts that polyurethane adhesive will remain the largest segment due to its low price, durability, and performance.
Adhesives for passenger car will remain the largest segment due to the growth in production of small and compact cars.
Asia Pacific will remain the largest market and it is also expected to witness the highest growth over the forecast period due to growth in automotive industry in China, Japan, India, and other Asian countries.
Henkel AG, The 3M Company, H.B. Fuller Company, Arkema, and Sika AG are the major suppliers in the automotive adhesive market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056