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The global automotive adhesives market was valued at US$ 5.53 Billion in 2021.
We expect the global automotive adhesives market to exhibit a CAGR of 5.20% during 2022-2027.
The growing usage of automotive adhesives in electric vehicles as binding components that provide
crash durability and thermal conductivity while keeping the battery at a safe temperature is
primarily driving the global automotive adhesives market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations, resulting in the temporary closure of numerous
manufacturing units for automotive adhesives.
Based on the resin type, the global automotive adhesives market can be categorized into
polyurethane, epoxy, acrylic, silicone, SMP, polyamide, and others. Currently, polyurethane exhibits
clear dominance in the market.
Based on the vehicle type, the global automotive adhesives market has been segmented into
passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Among these,
passenger vehicles represent the largest market share.
Based on the application, the global automotive adhesives market can be bifurcated into Body in
White (BIW), powertrain, paint shop, and assembly. Currently, Body in White (BIW) accounts for the
majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.
Some of the major players in the global automotive adhesives market include 3M Company, Avery
Dennison Corporation, BASF SE, Bostik SA (Arkema S.A.), Covestro AG, Dow Inc., DuPont de Nemours
Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, Illinois Tool Works Inc.,
Nitto Denko Corporation, PPG Industries Inc., Sika AG, and Solvay S.A.
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