Asia Pacific Automotive Adhesives Market Size, Share & Industry Trends Analysis Report By Resin Type, By Technology, By Vehicle Type, By Vehicle Type Application, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Automotive Adhesives Market would witness market growth of 5.5% CAGR during the forecast period (2021-2027).
A car made in the recent times may have up to a hundred embedded sensors. The sensors must reliably transmit information on physical quantities such as temperature, pressure, position, or speed to control units or evaluation electronics because they are situated at locations where they are intended to obtain and forward information on physical quantities such as temperature, pressure, position, or speed. As a result, each sensor requires an adhesive that matches its intended application. The example of Hall sensors exemplifies this point very well. When capturing position or speed, these sensors are the first choice as they measure the rotation of the wheel on the wheel hub.
Salt spray tests, reflow testing (JEDEC), and vibration tests are all utilized to ensure that the adhesives employed here are extremely resistant to media like as oil, gasoline, or brake fluid. The sensors are either physically bonded or totally enclosed, depending on the design. The efficiency, long-term viability, and dependability of the accompanying industrial processes are also prioritized. Dual-curing adhesives (with two curing phases) are particularly ideal for this purpose among the adhesives that meet these parameters. A second curing mechanism guarantees reliable final curing of the adhesive even in shaded places after a preceding light curing procedure that allows rapid prefixation for further processing.
Asia-Pacific has experienced high growth in the automotive sectors in the past few years. This trend has continued due to expanding opportunities in automobile manufacturing and technology innovation in developing countries of the region such as China, India, Indonesia etc. Manufacturers have been compelled to extend their production capacities and market reach due to the presence of growth prospects. For example, DuPont invested approximately USD 80 million in China in November 2018 to establish a compounded high-end engineering plastics and adhesives manufacturing unit. The products available will be useful in a variety of industries, including transportation.
China and India are the key drivers of demand for automotive adhesives in the APAC market. According to the China Adhesive Association, due to the vast number of cars produced in the nation, China is presently the world's top market for adhesives in terms of production and demand. In the APAC area, Japan is the second-largest market for automotive adhesives.
The China market dominated the Asia Pacific Automotive Adhesives Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $697 million by 2027. The Japan market is estimated to grow at a CAGR of 4.7% during (2021 - 2027). Additionally, The India market would witness a CAGR of 6.1% during (2021 - 2027).
Based on Resin Type, the market is segmented into Polyamide, Polyurethane, Silyl Modified Polymers (SMP), Silicone, Epoxy, Acrylics, and Others. Based on Technology, the market is segmented into Water Based, Pressure Sensitive, Solvent Based, Hot Melt, and Others. Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle. Based on Vehicle Type Application, the market is segmented into Body-in-White (BIW), Powertrain, Paint Shop, and Assembly. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sika AG, Henkel AG & Company, KGaA, 3M Company, DuPont de Nemours, Inc., Huntsman Corporation, Dymax Corporation, Arkema S.A., PPG Industries, Inc., H.B. Fuller Company, and Illinois Tool Works, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Resin Type
- Silyl Modified Polymers (SMP)
- Water Based
- Pressure Sensitive
- Solvent Based
- Hot Melt
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Body-in-White (BIW)
- Paint Shop
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Sika AG
- Henkel AG & Company, KGaA
- 3M Company
- DuPont de Nemours, Inc.
- Huntsman Corporation
- Dymax Corporation
- Arkema S.A.
- PPG Industries, Inc.
- H.B. Fuller Company
- Illinois Tool Works, Inc.
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