Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Light Vehicle Adhesives Market by Type (Epoxy, Acrylic, Polyurethane, Others), By Application (Body-in-White, Paintshop, Powertrain, Assembly) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Light Vehicle Adhesives Market by Type (Epoxy, Acrylic, Polyurethane, Others), By Application (Body-in-White, Paintshop, Powertrain, Assembly) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 137063 3300 Automobile & Transportation 377 233 Pages 4.8 (31)
                                          

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.


Global Light Vehicle Adhesives Industry Outlook


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:

  1. Henkel
  2. Dow Chemical
  3. H.B. Fuller
  4. 3M
  5. Sika
  6. Wacker-Chemie
  7. Huntsman
  8. Arkema Group
  9. PPG Industries
  10. Lord
  11. BASF
  12. Ashland
  13. ITW
  14. Jowat
  15. ThreeBond
  16. Cytec Solvay

Global Light Vehicle Adhesives Market Overview


Highlights of The Light Vehicle Adhesives Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Epoxy
    2. Acrylic
    3. Polyurethane
    4. Others
  1. By Application:

    1. Body-in-White
    2. Paintshop
    3. Powertrain
    4. Assembly
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Light Vehicle Adhesives Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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