Global Automotive Adhesives Market Report 2022: Market to Reach $5.1 Billion by 2026 – Modular Manufacturing & Production Platforms is the Cornerstone of Demand – QNT Press Release


DUBLIN, Sept. 2, 2022 /PRNewswire/ — The “Automotive Adhesives – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Automotive Adhesives Market to Reach $5.1 Billion by 2026

Amid the COVID-19 crisis, the global market for Automotive Adhesives estimated at US$4.2 Billion in the year 2022, is projected to reach a revised size of US$5.1 Billion by 2026, growing at a CAGR of 4% over the analysis period.

Automotive adhesives are adhesive materials that find applications in structural bonding of auto components. Automotive adhesives are intended to address various needs of automakers such as conformal coating, thermal management, potting or casting, mechanical bonds, EMI or RFI shielding, electrical connections, impregnation and stress dissipation.

These adhesives are commonly used in engine control units, anti-lock brake systems (ABS), displays, climate controls, navigation systems, transmission control units, vehicle stability control, vision system, sensors, connectors, detectors, instrument panel, security devices and battery monitoring systems. On the back of electrification and electronification technologies, vehicle manufacturing and design is dramatically changing. Among the components to gain significance is automotive adhesives.

The rising focus on weight reduction of automobiles to meet increasingly stringent fuel economy mandates is expected to fuel demand for advanced automotive adhesives. Focus on reducing chemical consumption and decreasing process steps, which also contribute to emission of volatile organic compounds, are driving innovation in the glass bonding adhesives market.

Bonding, one of the segments analyzed in the report, is projected to grow at a 3.8% CAGR to reach US$2.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the NVH segment is readjusted to a revised 5% CAGR for the next 7-year period.

This segment currently accounts for a 31.5% share of the global Automotive Adhesives market. Manufacturers are leveraging benefits of adhesives as bonding technology for achieving greater productivity, reducing costs, improving flexibility in manufacturing process and realizing goals of producing vehicles with high fuel efficiency & lower emissions, superior durability and packaging capabilities.

Therefore, adhesives are now being used in applied in practically every nook and corner of the car be it for the body, under the hood and exterior trims of vehicles where they offer many benefits over conventional bonding technologies.

The US Market is Estimated at $607 Million in 2022, While China is Forecast to Reach $1.5 Billion by 2026

Full story available on Benzinga.com



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