China Automotive Adhesives Market Size & Outlook
China automotive adhesives market, 2018-2030 (US$M)
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China automotive adhesives market highlights
- The China automotive adhesives market generated a revenue of USD 2,003.8 million in 2022 and is expected to reach USD 3,490.1 million by 2030.
- The China market is expected to grow at a CAGR of 7.2% 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.
Automotive adhesives market data book summary
| Market revenue in 2022 | USD 2,003.8 million |
| Market revenue in 2030 | USD 3,490.1 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Hot Melt |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 25.8% of the global automotive adhesives market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China automotive adhesives market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 813.1 million by 2030.
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Automotive Adhesives Market Scope
Automotive Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 68.6% in 2022. Horizon Databook has segmented the China 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.
The demand for automotive adhesives in China is driven by the evolving automotive industry in the country. Automobile manufacturers are increasingly attempting to comply with environmental standards and governmental regulations regarding the overall vehicle weight and subsequent emission levels.
Plastics are, thus, increasingly being utilized in vehicles to reduce the overall weight, foster fuel savings, and boost efficiency levels of vehicles. China is extremely rich in resources such as petrochemical reserves and is characterized by the availability of highly skilled labor.
Major automotive plastic players are shifting their manufacturing facilities to China on account of rising automotive plastics demand coupled with a favorable business environment. This is expected to fuel the demand for automotive adhesives in China over the forecast period.
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Target buyers of China 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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Horizon Databook provides a detailed overview of country-level data and insights on the China automotive adhesives market , including forecasts for subscribers. This country databook contains high-level insights into China automotive adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China automotive adhesives market size, by technology, 2018-2030 (US$M)
China Automotive Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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