Opportunities in the automotive adhesive market have evolved through a number of stages i.e. from pre-mixed and frozen adhesives to green adhesives. Lucintel has found the future of this market to be promising; the automotive adhesive market is expected to reach $11.5 billion by 2025 with a CAGR of 5.5%. In this market, polyurethane is expected to remain the largest resin, and passenger car segment is expected to remain the vehicle type. Players can benefit from the available opportunities like increasing use of composites and lightweight materials in vehicles and new silicone-based electrically conductive adhesives in various automotive applications, and increasing applications of two component polyurethane adhesives.
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Henkel, 3M, Sika, Arkema, HB Fuller, and others.are some of the companies profiled in this report.
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