The North America Automotive Adhesives Market would witness market growth of 4.5% CAGR during the forecast period (2021-2027).
Automotive adhesives are used in a variety of applications, including body in white, glazing, powertrain, paint shop, and upholstery. The usage of automotive adhesives for BIW is fairly common. This can be linked to the shift away from traditional welding and toward automobile adhesives, which has the added benefit of reducing structural fatigue.
Powertrain and upholstery end uses are expected to increase at a faster rate in the automobile adhesive market in the future years. Furthermore, the automotive adhesive market is likely to benefit from rising luxury automobile adoption, need for cosmetic upgrades and passenger comfort, as well as value additions such as interior sound reduction features.
Pressure sensitive adhesives (PSA) that can be applied quickly are being developed by companies in the automobile adhesive sector. Since the former contributes in vehicle weight reduction, these adhesives are emerging as a potential alternative to standard mechanical fasteners. PSAs are widely distributed to encourage people to use adhesives to distribute stress more equally. As mechanical fasteners wreak havoc on plastics, firms in the automotive adhesive sector are ramping up manufacturing of PSAs. As a result of the uniform stress distribution, thinner materials can be used, resulting in weight savings and fuel savings.
The market demand for automotive adhesives in Mexico is likely to rise as the automobile industry expands. According to OICA 2019, Mexico's total vehicle production was 3.98 million units, comprising 2.6 million commercial vehicles and 1.38 million passenger automobiles. The Mexican automotive sector has benefited from its growing population, improved lifestyle, and closeness to the United States. This expansion is predicted to feed demand for automotive electronic parts and assemblies in Mexico, which would likely increase demand for automotive adhesives. According to the National Institute of Statistics and Geography (Inegi), Mexican auto exports, principally to the United States, totaled 2,681,806 cars in 2020, down 20.85% from the previous year. As a result, Mexico has risen to fourth place among the world's major vehicle exporters.
The US market dominated the North America Automotive Adhesives Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,229.9 million by 2027. The Canada market is experiencing a CAGR of 6.8% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 5.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Adhesives Market is Estimated to reach $6.3 Billion by 2027, at a CAGR of 4.9%
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
- Polyamide
- Polyurethane
- Silyl Modified Polymers (SMP)
- Silicone
- Epoxy
- Acrylics
- Others
By Technology
- Water Based
- Pressure Sensitive
- Solvent Based
- Hot Melt
- Others
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Application
- Body-in-White (BIW)
- Powertrain
- Paint Shop
- Assembly
By Country
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Adhesives Market, by Resin Type
1.4.2 North America Automotive Adhesives Market, by Technology
1.4.3 North America Automotive Adhesives Market, by Vehicle Type
1.4.4 North America Automotive Adhesives Market, by Application
1.4.5 North America Automotive Adhesives Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Sep – 2022, Jan) Leading Players
Chapter 4. North America Automotive Adhesives Market by Resin Type
4.1 North America Polyamide Market by Country
4.2 North America Polyurethane Market by Country
4.3 North America Silyl Modified Polymers (SMP) Market by Country
4.4 North America Silicone Market by Country
4.5 North America Epoxy Market by Country
4.6 North America Acrylics Market by Country
4.7 North America Others Market by Country
Chapter 5. North America Automotive Adhesives Market by Technology
5.1 North America Water Based Market by Country
5.2 North America Pressure Sensitive Market by Country
5.3 North America Solvent Based Market by Country
5.4 North America Hot Melt Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Automotive Adhesives Market by Vehicle Type
6.1 North America Passenger Vehicle Market by Country
6.2 North America Light Commercial Vehicle Market by Country
6.3 North America Heavy Commercial Vehicle Market by Country
Chapter 7. North America Automotive Adhesives Market by Application
7.1 North America Body-in-White (BIW) Market by Country
7.2 North America Powertrain Market by Country
7.3 North America Paint Shop Market by Country
7.4 North America Assembly Market by Country
Chapter 8. North America Automotive Adhesives Market by Country
8.1 US Automotive Adhesives Market
8.1.1 US Automotive Adhesives Market by Resin Type
8.1.2 US Automotive Adhesives Market by Technology
8.1.3 US Automotive Adhesives Market by Vehicle Type
8.1.4 US Automotive Adhesives Market by Application
8.2 Canada Automotive Adhesives Market
8.2.1 Canada Automotive Adhesives Market by Resin Type
8.2.2 Canada Automotive Adhesives Market by Technology
8.2.3 Canada Automotive Adhesives Market by Vehicle Type
8.2.4 Canada Automotive Adhesives Market by Application
8.3 Mexico Automotive Adhesives Market
8.3.1 Mexico Automotive Adhesives Market by Resin Type
8.3.2 Mexico Automotive Adhesives Market by Technology
8.3.3 Mexico Automotive Adhesives Market by Vehicle Type
8.3.4 Mexico Automotive Adhesives Market by Application
8.4 Rest of North America Automotive Adhesives Market
8.4.1 Rest of North America Automotive Adhesives Market by Resin Type
8.4.2 Rest of North America Automotive Adhesives Market by Technology
8.4.3 Rest of North America Automotive Adhesives Market by Vehicle Type
8.4.4 Rest of North America Automotive Adhesives Market by Application
Chapter 9. Company Profiles
9.1 Sika AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.2 Henkel AG & Company, KGaA
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.3 3M Company
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.4 DuPont de Nemours, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Geographical Expansions:
9.5 Huntsman Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segment and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.5.2 Acquisition and Mergers:
9.6 Dymax Corporation
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.2.2 Product Launches and Product Expansions:
9.7 Arkema S.A.
9.7.1 Company Overview
9.8 PPG Industries, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Geographical Expansions:
9.9 H.B. Fuller Company
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.10. Illinois Tools Works, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
TABLE 1 North America Automotive Adhesives Market, 2017 - 2020, USD Million
TABLE 2 North America Automotive Adhesives Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Automotive Adhesives Market
TABLE 4 Product Launches And Product Expansions– Automotive Adhesives Market
TABLE 5 Acquisition and Mergers– Automotive Adhesives Market
TABLE 6 Geographical Expansions- Automotive Adhesives Market
TABLE 7 North America Automotive Adhesives Market by Resin Type, 2017 - 2020, USD Million
TABLE 8 North America Automotive Adhesives Market by Resin Type, 2021 - 2027, USD Million
TABLE 9 North America Polyamide Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Polyamide Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Polyurethane Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Polyurethane Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Silyl Modified Polymers (SMP) Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Silyl Modified Polymers (SMP) Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Silicone Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Silicone Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Epoxy Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Epoxy Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Acrylics Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Acrylics Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Automotive Adhesives Market by Technology, 2017 - 2020, USD Million
TABLE 24 North America Automotive Adhesives Market by Technology, 2021 - 2027, USD Million
TABLE 25 North America Water Based Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Water Based Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Pressure Sensitive Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Pressure Sensitive Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Solvent Based Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Solvent Based Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Hot Melt Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Hot Melt Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Automotive Adhesives Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 36 North America Automotive Adhesives Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 37 North America Passenger Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Passenger Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Light Commercial Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Light Commercial Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Heavy Commercial Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Heavy Commercial Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Automotive Adhesives Market by Application, 2017 - 2020, USD Million
TABLE 44 North America Automotive Adhesives Market by Application, 2021 - 2027, USD Million
TABLE 45 North America Body-in-White (BIW) Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Body-in-White (BIW) Market by Country, 2021 - 2027, USD Million
TABLE 47 North America Powertrain Market by Country, 2017 - 2020, USD Million
TABLE 48 North America Powertrain Market by Country, 2021 - 2027, USD Million
TABLE 49 North America Paint Shop Market by Country, 2017 - 2020, USD Million
TABLE 50 North America Paint Shop Market by Country, 2021 - 2027, USD Million
TABLE 51 North America Assembly Market by Country, 2017 - 2020, USD Million
TABLE 52 North America Assembly Market by Country, 2021 - 2027, USD Million
TABLE 53 North America Automotive Adhesives Market by Country, 2017 - 2020, USD Million
TABLE 54 North America Automotive Adhesives Market by Country, 2021 - 2027, USD Million
TABLE 55 US Automotive Adhesives Market, 2017 - 2020, USD Million
TABLE 56 US Automotive Adhesives Market, 2021 - 2027, USD Million
TABLE 57 US Automotive Adhesives Market by Resin Type, 2017 - 2020, USD Million
TABLE 58 US Automotive Adhesives Market by Resin Type, 2021 - 2027, USD Million
TABLE 59 US Automotive Adhesives Market by Technology, 2017 - 2020, USD Million
TABLE 60 US Automotive Adhesives Market by Technology, 2021 - 2027, USD Million
TABLE 61 US Automotive Adhesives Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 62 US Automotive Adhesives Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 63 US Automotive Adhesives Market by Application, 2017 - 2020, USD Million
TABLE 64 US Automotive Adhesives Market by Application, 2021 - 2027, USD Million
TABLE 65 Canada Automotive Adhesives Market, 2017 - 2020, USD Million
TABLE 66 Canada Automotive Adhesives Market, 2021 - 2027, USD Million
TABLE 67 Canada Automotive Adhesives Market by Resin Type, 2017 - 2020, USD Million
TABLE 68 Canada Automotive Adhesives Market by Resin Type, 2021 - 2027, USD Million
TABLE 69 Canada Automotive Adhesives Market by Technology, 2017 - 2020, USD Million
TABLE 70 Canada Automotive Adhesives Market by Technology, 2021 - 2027, USD Million
TABLE 71 Canada Automotive Adhesives Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 72 Canada Automotive Adhesives Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 73 Canada Automotive Adhesives Market by Application, 2017 - 2020, USD Million
TABLE 74 Canada Automotive Adhesives Market by Application, 2021 - 2027, USD Million
TABLE 75 Mexico Automotive Adhesives Market, 2017 - 2020, USD Million
TABLE 76 Mexico Automotive Adhesives Market, 2021 - 2027, USD Million
TABLE 77 Mexico Automotive Adhesives Market by Resin Type, 2017 - 2020, USD Million
TABLE 78 Mexico Automotive Adhesives Market by Resin Type, 2021 - 2027, USD Million
TABLE 79 Mexico Automotive Adhesives Market by Technology, 2017 - 2020, USD Million
TABLE 80 Mexico Automotive Adhesives Market by Technology, 2021 - 2027, USD Million
TABLE 81 Mexico Automotive Adhesives Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 82 Mexico Automotive Adhesives Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 83 Mexico Automotive Adhesives Market by Application, 2017 - 2020, USD Million
TABLE 84 Mexico Automotive Adhesives Market by Application, 2021 - 2027, USD Million
TABLE 85 Rest of North America Automotive Adhesives Market, 2017 - 2020, USD Million
TABLE 86 Rest of North America Automotive Adhesives Market, 2021 - 2027, USD Million
TABLE 87 Rest of North America Automotive Adhesives Market by Resin Type, 2017 - 2020, USD Million
TABLE 88 Rest of North America Automotive Adhesives Market by Resin Type, 2021 - 2027, USD Million
TABLE 89 Rest of North America Automotive Adhesives Market by Technology, 2017 - 2020, USD Million
TABLE 90 Rest of North America Automotive Adhesives Market by Technology, 2021 - 2027, USD Million
TABLE 91 Rest of North America Automotive Adhesives Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 92 Rest of North America Automotive Adhesives Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 93 Rest of North America Automotive Adhesives Market by Application, 2017 - 2020, USD Million
TABLE 94 Rest of North America Automotive Adhesives Market by Application, 2021 - 2027, USD Million
TABLE 95 Key Information – Sika AG
TABLE 96 Key Information – Henkel AG & Company, KGaA
TABLE 97 Key Information – 3M Company
TABLE 98 Key Information –DuPont de Nemours, Inc.
TABLE 99 key Information – Huntsman Corporation
TABLE 100 key Information – Dymax Corporation
TABLE 101 Key information – Arkema S.A.
TABLE 102 Key Information – PPG Industries, Inc.
TABLE 103 key Information – H.B. Fuller Company
TABLE 104 Key information – Illinois Tool Works, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2020, Sep – 2022, Jan) Leading Players
FIG 5 Recent strategies and developments: DuPont de Nemours, Inc.
FIG 6 Recent strategies and developments: Huntsman Corporation
FIG 7 Recent strategies and developments: Dymax Corporation
FIG 8 Recent strategies and developments: H.B. Fuller Company