Global Automotive Adhesive Market Size To Worth USD 9.67 Billion by 2033 | CAGR of 4.72%

The Global Automotive Adhesive Market Size was Valued at USD 6.10 Billion in 2023 and the Worldwide Automotive Adhesive Market Size is Expected to Reach USD 9.67 Billion by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: H.B. Fuller Company, 3M, DuPont, Huntsman International LLC, Henkel AG & Co., KGaA, Arkema S.A., Sika AG, Jowat SE, Dow, Ashland, Franklin International, Bostik S.A., The DOW Chemical Company, PPG Industries, Illinois Tool Works Corporation, Solvay S.A., and Others Key Vendors.

New York, United States , April 04, 2024 (GLOBE NEWSWIRE) -- The Global Automotive Adhesive Market Size is to Grow from USD 6.10 Billion in 2023 to USD 9.67 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.72% during the projected period.

The structural segment is expected to grow at the fastest pace in the global automotive adhesive market during the forecast period.   
Based on the adhesive type, the global automotive adhesive market is divided into threadlocks & retainers, structural, tapes & films, and liquid gaskets. Among these, the structural segment is expected to grow at the fastest pace in the global automotive adhesive market during the forecast period. The rising use of plastics and composite materials in car manufacturing to reduce weight and meet global pollution requirements is likely to drive up demand for auto adhesives in the future.  

The hot-melt segment is expected to grow at the fastest pace in the global automotive adhesive market during the forecast period. 
Based on the technology, the global automotive adhesive market is divided into solvent-based, hot-melt, and water-based. Among these, the hot-melt segment is expected to grow at the fastest pace in the global automotive adhesive market during the forecast period. The increasing popularity of hot-melt adhesives (HMAs) is driving market expansion because they have a long shelf life, which lowers storage and maintenance expenses. Hot melts settle fast and, after cooled, turn into beads. HMAs are a class of thermoplastic adhesives that can bond to substrates and are utilized in a wide range of automotive applications.

The body-in-white segment is expected to grow at the fastest pace in the global automotive adhesive market during the forecast period.  
Based on the application, the global automotive adhesive market is divided into powertrain, paint shop, body-in-white, assembly, and others. Among these, the body-in-white segment is expected to grow at the fastest pace in the global automotive adhesive market during the forecast period. Automotive adhesives surpass traditional welding methods in terms of resistance to corrosion, structural durability, and weight reduction. Moreover, the use of adhesives in body-in-white applications results in enhanced efficiency and cost savings. It is anticipated that there will be a substantial increase in demand for body-in-white adhesives in the near future.

Asia Pacific is expected to hold the largest share of the global automotive adhesive market over the forecast period.

Asia Pacific is expected to hold the largest share of the global automotive adhesive market over the forecast period. The Asia-Pacific automotive adhesives market addresses expanding demand for automotive adhesives as the automotive sector's application sectors expand, providing vehicle safety, stiffness, and design flexibility. This component is widely used and manufactured in China, Japan, Korea, India, and other countries. The market has been fueled by increased industrialization and considerable investments in the automobile industry. The key trends seen in the APAC automotive adhesives market include automobile manufacturer' greater focus on technological breakthroughs and the implementation of car fuel efficiency rules in various countries. The expanding usage of lightweight materials in automobile manufacturing, as well as increased vehicle production in the region, are the major factors driving the APAC automotive adhesives market forward.

North America is predicted to grow at the fastest pace in the global automotive adhesive market during the projected timeframe. This is mostly due to a growth in regional automobile manufacturing, which has been spurred by rising demand for sustainable and fuel-efficient vehicles. Furthermore, the region's stringent safety and environmental regulations have expanded the usage of adhesives in automobiles to improve durability while lowering weight. The expansion of the region's automotive aftermarket benefits the market for automotive adhesives. The market is expanding due to the presence of several large businesses in the industry that are committed to creating breakthrough adhesive technologies.