Market Overview:
The global passenger car adhesives market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars across the globe. In addition, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. The global passenger car adhesives market is segmented on the basis of type, application and region. On the basis of type, urethane adhesive is expected to lead the market duringthe forecast period owingto its properties such as high strength, durability and resistance against chemicals and moisture.
Product Definition:
Passenger car adhesives are used to bond two surfaces together. They are typically used to attach the body of the car to the frame, but they can also be used for other applications such as attaching trim or molding. Passenger car adhesives are important because they provide a strong and durable bond between two surfaces.
Urethane:
Urethane is a polymer with the chemical formula CH2OH. It is primarily derived from two sources, either through copolymers of ethylene and propylene or by alkylation of butane. Urethanes are widely used as adhesives in passenger car tires owing to their high strength and low-temperature flexibility.
Epoxy:
Epoxy resins are synthetic thermosetting polymers containing an epoxide group. They are often used as adhesives in the automotive industry. Epoxy is a crystalline solid that is light sensitive and has high resistance to solvents, acids & bases, heat and radiation.
Application Insights:
Passenger cars are used in various applications including sedans, SUVs, pickup trucks and others. Pickup trucks were the largest revenue-generating segment with a share of 33.9% in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for high-performance adhesives from major manufacturers of pick up trucks across the globe.
The other application category includes buses, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). LCV sales have been growing steadily since past few years while HCV sales have been witnessing a decline since 2014 due to economic slowdown and regulatory changes across countries which has led to reduced manufacturing activities of these vehicles.
Regional Analysis:
Asia Pacific passenger car adhesives market led the global industry and accounted for over 45% of the total revenue share in 2016. The region is expected to continue its dominance over the forecast period, with China being a key contributor. Increasing automotive production in India and Japan on account of low manufacturing cost coupled with favorable government policies promoting domestic vehicle manufacturing is expected to have a positive impact on industry growth.
The European market was valued at USD X million in 2016 and is projected to grow at an estimated CAGR of XX% from 2017 to 2030 owing to high demand for premium cars across Germany, France, Italy.
Growth Factors:
- Increasing demand for lightweight vehicles: The global passenger car adhesive market is expected to grow at a CAGR of 5.5% from 2017 to 2025, owing to the increasing demand for lightweight vehicles. This is mainly because of the stringent emission norms being implemented by various governments across the world.
- Rising demand for electric and hybrid cars: The market for electric and hybrid cars is growing rapidly due to the increasing awareness about environment-friendly transportation options among consumers. This is expected to drive the growth of the passenger car adhesive market in coming years.
- Growing automotive industry in developing countries: The automotive industry is booming in developing countries such as China and India due to rising income levels and changing consumer preferences. This will create opportunities for growth of the passenger car adhesive market in these regions over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Car Adhesives Market Research Report
By Type
Urethane, Epoxy, Acrylic, Others
By Application
Sedan, SUVs, Pickup Trucks, Others
By Companies
Henkel, Sika, Dow Chemical, 3M, Huntsman, Wacker-Chemie, Arkema Group, BASF, Lord, PPG Industries, H.B. Fuller, ITW, Hubei Huitian, Ashland, ThreeBond
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Car Adhesives Market Report Segments:
The global Passenger Car Adhesives market is segmented on the basis of:
Types
Urethane, Epoxy, Acrylic, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Sedan, SUVs, Pickup Trucks, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Henkel
- Sika
- Dow Chemical
- 3M
- Huntsman
- Wacker-Chemie
- Arkema Group
- BASF
- Lord
- PPG Industries
- H.B. Fuller
- ITW
- Hubei Huitian
- Ashland
- ThreeBond
Highlights of The Passenger Car Adhesives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Urethane
- Epoxy
- Acrylic
- Others
- By Application:
- Sedan
- SUVs
- Pickup Trucks
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Passenger Car Adhesives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Passenger car adhesives are a type of adhesive that is used to attach parts of a car together. They are most commonly used to attach the windshield wiper blades to the motor vehicle.
Some of the major companies in the passenger car adhesives market are Henkel, Sika, Dow Chemical, 3M, Huntsman, Wacker-Chemie, Arkema Group, BASF, Lord, PPG Industries, H.B. Fuller, ITW, Hubei Huitian, Ashland, ThreeBond.
The passenger car adhesives market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Car Adhesives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Passenger Car Adhesives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Car Adhesives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Passenger Car Adhesives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Passenger Car Adhesives Market Size & Forecast, 2018-2028
4.5.1 Passenger Car Adhesives Market Size and Y-o-Y Growth
4.5.2 Passenger Car Adhesives Market Absolute $ Opportunity
Chapter 5 Global Passenger Car Adhesives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Passenger Car Adhesives Market Size Forecast by Type
5.2.1 Urethane
5.2.2 Epoxy
5.2.3 Acrylic
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Car Adhesives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Passenger Car Adhesives Market Size Forecast by Applications
6.2.1 Sedan
6.2.2 SUVs
6.2.3 Pickup Trucks
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Car Adhesives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Passenger Car Adhesives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Passenger Car Adhesives Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Car Adhesives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Passenger Car Adhesives Market Size Forecast by Type
9.6.1 Urethane
9.6.2 Epoxy
9.6.3 Acrylic
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Passenger Car Adhesives Market Size Forecast by Applications
9.10.1 Sedan
9.10.2 SUVs
9.10.3 Pickup Trucks
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Passenger Car Adhesives Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Car Adhesives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Passenger Car Adhesives Market Size Forecast by Type
10.6.1 Urethane
10.6.2 Epoxy
10.6.3 Acrylic
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Passenger Car Adhesives Market Size Forecast by Applications
10.10.1 Sedan
10.10.2 SUVs
10.10.3 Pickup Trucks
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Passenger Car Adhesives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Car Adhesives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Passenger Car Adhesives Market Size Forecast by Type
11.6.1 Urethane
11.6.2 Epoxy
11.6.3 Acrylic
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Passenger Car Adhesives Market Size Forecast by Applications
11.10.1 Sedan
11.10.2 SUVs
11.10.3 Pickup Trucks
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Passenger Car Adhesives Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Car Adhesives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Passenger Car Adhesives Market Size Forecast by Type
12.6.1 Urethane
12.6.2 Epoxy
12.6.3 Acrylic
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Passenger Car Adhesives Market Size Forecast by Applications
12.10.1 Sedan
12.10.2 SUVs
12.10.3 Pickup Trucks
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Passenger Car Adhesives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Car Adhesives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Passenger Car Adhesives Market Size Forecast by Type
13.6.1 Urethane
13.6.2 Epoxy
13.6.3 Acrylic
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Passenger Car Adhesives Market Size Forecast by Applications
13.10.1 Sedan
13.10.2 SUVs
13.10.3 Pickup Trucks
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Passenger Car Adhesives Market: Competitive Dashboard
14.2 Global Passenger Car Adhesives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Henkel
14.3.2 Sika
14.3.3 Dow Chemical
14.3.4 3M
14.3.5 Huntsman
14.3.6 Wacker-Chemie
14.3.7 Arkema Group
14.3.8 BASF
14.3.9 Lord
14.3.10 PPG Industries
14.3.11 H.B. Fuller
14.3.12 ITW
14.3.13 Hubei Huitian
14.3.14 Ashland
14.3.15 ThreeBond
