Asia Pacific Automotive Adhesives Market Size & Outlook
Asia Pacific automotive adhesives market, 2018-2030 (US$M)
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Asia Pacific automotive adhesives market highlights
- The Asia Pacific automotive adhesives market generated a revenue of USD 3,856.4 million in 2022.
- The market is expected to grow at a CAGR of 7.4% from 2023 to 2030.
- In terms of segment, reactive & others was the largest revenue generating technology in 2022.
- Hot Melt is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 3,856.4 million |
| Market revenue in 2030 | USD 6,826.7 million |
| Growth rate | 7.4% (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 |
| Key market players worldwide | Henkel AG & Co KGaA, H.B. Fuller Co, Sika AG, Dow Inc, Arkema SA, 3M Co |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 49.6% of the global automotive adhesives market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 423.5 million by 2030.
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Automotive Adhesives Market Scope
Automotive Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 68.65% in 2022. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific is characterized by the availability of cheap labor, land, and resources. Growing automotive industry, especially in emerging economies such as India, China, Vietnam, Indonesia, and Thailand, is expected to positively influence the growth of automotive adhesives market over the forecast period.
Expanding manufacturing base and increasing investments in technological advancements pertaining to the vehicle production process are expected to positively influence the growth of automotive sector. Automotive adhesives exhibit superior properties including crash safety, strong bonding, durability, thermal stability, design flexibility, corrosion resistance, resilience, and lightweight.
Southeast Asia (SEA) is expected to pose lucrative opportunities for automotive adhesives market growth in Asia Pacific. The region has been witnessing strong growth in recent years. The two largest automotive markets in SEA are Thailand and Indonesia.
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Our clientele includes a mix of automotive adhesives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automotive adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automotive adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific Automotive Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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