Global Automotive Adhesives Market Size & Outlook
Global automotive adhesives market, 2018-2030 (US$M)
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Global automotive adhesives market highlights
- The global automotive adhesives market generated a revenue of USD 7,774.5 million in 2022 and is expected to reach USD 13,695.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7.3% by 2030.
- In terms of segment, reactive & others accounted for a revenue of USD 5,482.9 million in 2022.
- Hot Melt is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 7,774.5 million |
| Market revenue in 2030 | USD 13,695.1 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Hot Melt |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Hot Melt, Reactive & Others |
Other key industry trends
- In terms of revenue, the North America accounted for 20.1% of the global automotive adhesives market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 347.2 million by 2030.
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Automotive Adhesives Market Scope
Automotive Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive adhesives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive adhesives market will help companies and investors design strategic landscapes.
Reactive & others was the largest segment with a revenue share of 70.52% in 2022. Horizon Databook has segmented the Global automotive adhesives market based on water based, solvent based, hot melt, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Automotive Adhesives Technology Outlook (Revenue, USD Million, 2018-2030)
- Water Based
- Solvent Based
- Hot Melt
- Reactive & Others
- Global Automotive Adhesives Application Outlook (Revenue, USD Million, 2018-2030)
- Flexible Packaging
- Folding Cartons
- Case & Carton
- Labeling
- Residential
- Commercial
- Industrial
- Flooring & Plywood
- Furniture
- Doors & Windows
- Housing Components
- Medical device & equipment
- Internal medical application
- External medical application
- Passenger Cars
- LCV
- MCV & HCV
- Others
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Target buyers of Global automotive adhesives market databook
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Our clientele includes a mix of automotive adhesives market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive adhesives market , including forecasts for subscribers. This global databook contains high-level insights into Global automotive adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global automotive adhesives market size, by region, 2018-2030 (US$M)
Top 10 countries: Automotive adhesives market size, 2022 (US$M)
Global automotive adhesives market share, by technology, 2022 & 2030 (%, US$M)
Automotive adhesives market: Opportunity assessment by country
Global automotive adhesives market, by region, 2022 (US$M)
| Technology | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 160.1 | 172.9 | 197.6 | 259.4 | 310.7 | 296.1 | 329.6 | 366.9 | 409.8 | 456.7 | 509.1 | 567.5 | 632.5 | 9.5% |
| Europe | 1,053.9 | 1,115.2 | 1,241.9 | 1,584.5 | 1,848.6 | 1,736.0 | 1,884.1 | 2,041.3 | 2,242.3 | 2,446.0 | 2,668.7 | 2,912.4 | 3,179.2 | 7.4% |
| North America | 895.1 | 939.2 | 1,049.2 | 1,341.0 | 1,563.6 | 1,462.1 | 1,580.4 | 1,703.1 | 1,873.1 | 2,038.9 | 2,219.9 | 2,417.5 | 2,633.2 | 6.6% |
| MEA | 94.4 | 104.0 | 121.1 | 161.2 | 195.3 | 187.4 | 209.5 | 233.6 | 265.6 | 298.6 | 335.6 | 377.0 | 423.5 | 10.3% |
| Asia Pacific | 2,278.8 | 2,393.1 | 2,632.3 | 3,320.4 | 3,856.4 | 3,675.5 | 4,026.6 | 4,422.9 | 4,794.5 | 5,235.6 | 5,718.3 | 6,247.2 | 6,826.7 | 7.8% |
| Overall | 4,482.2 | 4,724.4 | 5,242.0 | 6,666.4 | 7,774.5 | 7,357.0 | 8,030.2 | 8,767.8 | 9,585.1 | 10,475.8 | 11,451.5 | 12,521.6 | 13,695.1 | 7.3% |
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