Market Overview:
The global light vehicle adhesives market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the light vehicle adhesives market can be attributed to the increasing demand for lightweight vehicles and rising penetration of adhesive technologies in the automotive industry. The global light vehicle adhesives market has been segmented on the basis of type, application, and region. On the basis of type, epoxy adhesive held a dominant share in 2017 and is expected to maintain its dominance during the forecast period as well. Epoxy adhesive offers high strength-to-weight ratio which makes it suitable for use in lightweight vehicles. Acrylic adhesive is expected to witness highest growth during the forecast period owing to its properties such as good weathering resistance and chemical resistance. On the basis of application, body-in-white accounted for majority share in 2017 followed by paintshop application segment.
Product Definition:
Light Vehicle Adhesives are used to bond and seal body parts in automobiles. They are also used to create weather seals and to attach trim.
Epoxy:
Epoxy is a thermosetting polymer, which contains carbon, hydrogen and oxygen along with other impurities. Epoxy resins are used in the production of paints & coatings, adhesives & sealants and plastics. The epoxy resin market is expected to witness significant growth on account of increasing demand from various end-use industries such as automotive industry owing to its high mechanical strength coupled with excellent chemical resistance properties.
Acrylic:
Acrylic is a type of polymer, which is soluble in organic solvents and water. It has a low molecular weight and three-dimensional cross-linked structure. The product can be segmented into two categories including thermoplastic acrylics and thermosetting acrylics.
Application Insights:
The global light vehicle adhesives market has been segmented on the basis of application into body-in-white, paintshop, powertrain, and assembly. The body-in-white application segment accounted for a major share in 2017 owing to increasing demand from the automotive aftermarket is expected to drive growth over the forecast period.
Paintshop was estimated as the second largest segment in 2017 due to rising demand from various end users such as DIY enthusiasts and professional painters. Increasing consumer disposable income levels coupled with easy access to advanced paints through supermarkets & retail stores has led to increased utilization of these products which is anticipated fuel industry growth over next seven years.
Regional Analysis:
Asia Pacific was the leading global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of over 45% in 2017, which can be attributed to increasing automotive production levels across emerging economies such as India, Indonesia, and China. In addition, growing per capita income levels are anticipated to fuel consumer spending on automobiles. This trend is projected to have a positive impact on product demand during the forecast period.
The European light vehicle adhesives industry has been severely affected by economic turmoil coupled with stringent environmental regulations implemented by various regulatory bodies such as ECHA and EURAXESS that restrict industrial output from major countries including Germany and France among others.
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in vehicles is expected to drive the demand for light vehicle adhesives over the forecast period. Adhesives are used to join different parts of a vehicle together, and help reduce its weight. This is expected to result in increased fuel efficiency and reduced emissions from vehicles.
- Rising demand for electric vehicles: Electric vehicles are becoming increasingly popular due to their low emissions and environmental friendliness. The growing popularity of electric cars is expected to drive the demand for light vehicle adhesives, as they are used extensively in these types of cars to join different parts together.
- Growing automotive industry: The global automotive industry is projected to grow at a CAGR of over 4% during the forecast period, owing to rising disposable income levels and increasing urbanization across emerging markets such as China and India . This growth is expected to benefit the light vehicle adhesive market as well, as automakers increase their production capacities accordingly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle Adhesives Market Research Report
By Type
Epoxy, Acrylic, Polyurethane, Others
By Application
Body-in-White, Paintshop, Powertrain, Assembly
By Companies
Henkel, Dow Chemical, H.B. Fuller, 3M, Sika, Wacker-Chemie, Huntsman, Arkema Group, PPG Industries, Lord, BASF, Ashland, ITW, Jowat, ThreeBond, Cytec Solvay
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle Adhesives Market Report Segments:
The global Light Vehicle Adhesives market is segmented on the basis of:
Types
Epoxy, Acrylic, Polyurethane, 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
Body-in-White, Paintshop, Powertrain, Assembly
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
- Dow Chemical
- H.B. Fuller
- 3M
- Sika
- Wacker-Chemie
- Huntsman
- Arkema Group
- PPG Industries
- Lord
- BASF
- Ashland
- ITW
- Jowat
- ThreeBond
- Cytec Solvay
Highlights of The Light Vehicle 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:
- Epoxy
- Acrylic
- Polyurethane
- Others
- By Application:
- Body-in-White
- Paintshop
- Powertrain
- Assembly
- 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 Light Vehicle 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
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- Product & Brand Management
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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?
Light Vehicle Adhesives are a type of adhesive that is designed to be used on light vehicles. They are often used in place of traditional car repairs, such as fixing dents or replacing broken parts.
Some of the major companies in the light vehicle adhesives market are Henkel, Dow Chemical, H.B. Fuller, 3M, Sika, Wacker-Chemie, Huntsman, Arkema Group, PPG Industries, Lord, BASF, Ashland, ITW, Jowat, ThreeBond, Cytec Solvay.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Light Vehicle Adhesives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Light Vehicle Adhesives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Light Vehicle Adhesives Market - Supply Chain
4.5. Global Light Vehicle Adhesives Market Forecast
4.5.1. Light Vehicle Adhesives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Light Vehicle Adhesives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Light Vehicle Adhesives Market Absolute $ Opportunity
5. Global Light Vehicle Adhesives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Light Vehicle Adhesives Market Size and Volume Forecast by Type
5.3.1. Epoxy
5.3.2. Acrylic
5.3.3. Polyurethane
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Light Vehicle Adhesives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Light Vehicle Adhesives Market Size and Volume Forecast by Application
6.3.1. Body-in-White
6.3.2. Paintshop
6.3.3. Powertrain
6.3.4. Assembly
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Light Vehicle Adhesives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Light Vehicle Adhesives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Light Vehicle Adhesives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Light Vehicle Adhesives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Light Vehicle Adhesives Demand Share Forecast, 2019-2029
9. North America Light Vehicle Adhesives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Light Vehicle Adhesives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Light Vehicle Adhesives Market Size and Volume Forecast by Application
9.4.1. Body-in-White
9.4.2. Paintshop
9.4.3. Powertrain
9.4.4. Assembly
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Light Vehicle Adhesives Market Size and Volume Forecast by Type
9.7.1. Epoxy
9.7.2. Acrylic
9.7.3. Polyurethane
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Light Vehicle Adhesives Demand Share Forecast, 2019-2029
10. Latin America Light Vehicle Adhesives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Light Vehicle Adhesives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Light Vehicle Adhesives Market Size and Volume Forecast by Application
10.4.1. Body-in-White
10.4.2. Paintshop
10.4.3. Powertrain
10.4.4. Assembly
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Light Vehicle Adhesives Market Size and Volume Forecast by Type
10.7.1. Epoxy
10.7.2. Acrylic
10.7.3. Polyurethane
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Light Vehicle Adhesives Demand Share Forecast, 2019-2029
11. Europe Light Vehicle Adhesives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Light Vehicle Adhesives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Light Vehicle Adhesives Market Size and Volume Forecast by Application
11.4.1. Body-in-White
11.4.2. Paintshop
11.4.3. Powertrain
11.4.4. Assembly
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Light Vehicle Adhesives Market Size and Volume Forecast by Type
11.7.1. Epoxy
11.7.2. Acrylic
11.7.3. Polyurethane
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Light Vehicle Adhesives Demand Share, 2019-2029
12. Asia Pacific Light Vehicle Adhesives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Light Vehicle Adhesives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Light Vehicle Adhesives Market Size and Volume Forecast by Application
12.4.1. Body-in-White
12.4.2. Paintshop
12.4.3. Powertrain
12.4.4. Assembly
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Light Vehicle Adhesives Market Size and Volume Forecast by Type
12.7.1. Epoxy
12.7.2. Acrylic
12.7.3. Polyurethane
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Light Vehicle Adhesives Demand Share, 2019-2029
13. Middle East & Africa Light Vehicle Adhesives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Light Vehicle Adhesives Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Light Vehicle Adhesives Market Size and Volume Forecast by Application
13.4.1. Body-in-White
13.4.2. Paintshop
13.4.3. Powertrain
13.4.4. Assembly
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Light Vehicle Adhesives Market Size and Volume Forecast by Type
13.7.1. Epoxy
13.7.2. Acrylic
13.7.3. Polyurethane
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Light Vehicle Adhesives Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Light Vehicle Adhesives Market: Market Share Analysis
14.2. Light Vehicle Adhesives Distributors and Customers
14.3. Light Vehicle Adhesives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Henkel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dow Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. H.B. Fuller
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. 3M
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sika
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wacker-Chemie
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Huntsman
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Arkema Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PPG Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lord
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BASF
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ashland
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ITW
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Jowat
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ThreeBond
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Cytec Solvay
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook