The newly launched report by Stratview Research, titled ‘Automotive Adhesives Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity has been bifurcated by Resin Type (Polyurethane, Epoxy, Acrylic, Silicone, SMP, MMA, and Others), by Application Type (Body in White, Paint Shop, Assembly, and Powertrain), by Vehicle Type (Passenger Car, LCV, Truck, Buses, and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the report the automotive adhesives market size was estimated at USD 7 billion in 2021 and is likely to grow at a CAGR of 5.84% during 2022-2028 to reach USD 10.45 billion in 2028.

The ability of adhesives to reduce vehicle weight, increase fuel efficiency, and lower carbon emissions is the key factor driving the demand for automotive adhesives, globally.

Automotive Adhesives Market COVID IMPACT

The pandemic had a huge impact on the automotive adhesive market. Lockdowns and restrictions in the manufacturing and automotive sector in multiple countries have been key issue in holding back the growth of the market during a pandemic.

What are automotive adhesives?

Automotive adhesives are the most versatile bonding agents used to make cars lighter and tougher. In the automotive market, adhesives are used to manufacture engines, body components, gearboxes, safety systems, seat systems, and sub-assemblies. They also help to cut down on noise, vibration, and other harsh characteristics.

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-        Gain a deeper understanding of the market and the impact of Covid-19 on the market.

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-        Get updates related to recent changes, M&As, new product launches and many such news related to the market, and even more.

Key Players

The following are the key players in the market-

• Arkema Group
• DuPont
• Huntsman Corporation
• Henkel AG & Co. KGaA
• H.B. Fuller Company 
• Sika AG
• The 3M Company.

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