GITNUX MARKETDATA REPORT 2024

Automotive Adhesives Industry Statistics

The automotive adhesives industry is expected to grow at a steady pace due to increasing demand for lightweight and fuel-efficient vehicles.

With sources from: statista.com, transparencymarketresearch.com, mordorintelligence.com, prnewswire.com and many more

Statistic 1

The global automotive adhesives market size was valued at $7.3 billion in 2019.

Statistic 2

The market is expected to grow at a CAGR (Compound Annual Growth Rate) of 5.2% from 2020 to 2027.

Statistic 3

North America accounted for 20.4% of the global revenue in 2019.

Statistic 4

Polyurethane (PU) segment held the largest revenue share of 34.0% in 2019.

Statistic 5

Light vehicles segment is projected to reach $4.5 billion by 2025.

Statistic 6

The market for Silyl Modified Polymer automotive adhesives should grow at 5.5% CAGR from 2019 to 2025.

Statistic 7

Europe automotive adhesives market anticipated to exceed $2 billion by 2025.

Statistic 8

The market size of automotive adhesives in China was USD 927.4 million in 2016.

Statistic 9

Europe is the second largest consumer of automotive adhesives.

Statistic 10

Henkel and H.B. Fuller are the major shareholders in the global automotive adhesives market.

Statistic 11

Passenger cars dominate the automotive adhesives demand, accounting for over 60% of total market share in terms of revenue.

Statistic 12

Waterborne adhesives will witness a Compound Annual Growth Rate of over 6% till 2024 in terms of volume.

Statistic 13

Solvent based automotive adhesives market size will likely reach over USD 1.5 billion in 2024.

Statistic 14

Demand for automotive adhesives from body in white application could exceed 375 kilo tons by 2024.

Statistic 15

By 2025, automotive adhesives market in India is expected to reach USD 384 million.

Statistic 16

In 2020, the U.S. automotive adhesives market was 900 million USD.

Statistic 17

In 2018, the automotive adhesives market in APAC accounted for 42.5% share in terms of value.

Statistic 18

The automotive adhesives market size is expected to be $5,459.4 million in 2021.

Statistic 19

The Epoxy Resin segment of automotive adhesives market is predicted to grow at a rate of 5.6% CAGR during the forecast period.

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In this post, we will explore a comprehensive overview of the global automotive adhesives industry, backed by a series of significant statistics and market insights. From the market size growth projections to key players influencing the market landscape, these statistics offer valuable insights into the current trends and future potential of this dynamic sector.

Statistic 1

"The global automotive adhesives market size was valued at $7.3 billion in 2019."

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Statistic 2

"The market is expected to grow at a CAGR (Compound Annual Growth Rate) of 5.2% from 2020 to 2027."

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Statistic 3

"North America accounted for 20.4% of the global revenue in 2019."

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Statistic 4

"Polyurethane (PU) segment held the largest revenue share of 34.0% in 2019."

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Statistic 5

"Light vehicles segment is projected to reach $4.5 billion by 2025."

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Statistic 6

"The market for Silyl Modified Polymer automotive adhesives should grow at 5.5% CAGR from 2019 to 2025."

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Statistic 7

"Europe automotive adhesives market anticipated to exceed $2 billion by 2025."

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Statistic 8

"The market size of automotive adhesives in China was USD 927.4 million in 2016."

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Statistic 9

"Europe is the second largest consumer of automotive adhesives."

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Statistic 10

"Henkel and H.B. Fuller are the major shareholders in the global automotive adhesives market."

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Statistic 11

"Passenger cars dominate the automotive adhesives demand, accounting for over 60% of total market share in terms of revenue."

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Statistic 12

"Waterborne adhesives will witness a Compound Annual Growth Rate of over 6% till 2024 in terms of volume."

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Statistic 13

"Solvent based automotive adhesives market size will likely reach over USD 1.5 billion in 2024."

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Statistic 14

"Demand for automotive adhesives from body in white application could exceed 375 kilo tons by 2024."

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Statistic 15

"By 2025, automotive adhesives market in India is expected to reach USD 384 million."

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Statistic 16

"In 2020, the U.S. automotive adhesives market was 900 million USD."

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Statistic 17

"In 2018, the automotive adhesives market in APAC accounted for 42.5% share in terms of value."

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Statistic 18

"The automotive adhesives market size is expected to be $5,459.4 million in 2021."

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Statistic 19

"The Epoxy Resin segment of automotive adhesives market is predicted to grow at a rate of 5.6% CAGR during the forecast period."

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Interpretation

The global automotive adhesives market is experiencing steady growth, with a predicted Compound Annual Growth Rate (CAGR) of 5.2% from 2020 to 2027. The market is characterized by key players such as Henkel and H.B. Fuller, with various segments like Polyurethane (PU) and Silyl Modified Polymer showing significant revenue shares. Regions like North America, Europe, and Asia-Pacific are key contributors to the market's growth, with specific projections for individual countries such as China and India. The increasing demand for automotive adhesives in applications like body in white, light vehicles, and passenger cars highlights the industry's diverse and expanding landscape.

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