U.S. Automotive Adhesives Market Size & Outlook, 2022-2030
U.S. automotive adhesives market, 2018-2030 (US$M)
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U.S. automotive adhesives market highlights
- The U.S. automotive adhesives market generated a revenue of USD 1,257.0 million in 2022 and is expected to reach USD 2,095.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.6% 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 1,257.0 million |
| Market revenue in 2030 | USD 2,095.6 million |
| Growth rate | 6.6% (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, U.S. accounted for 16.2% 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 North America, U.S. automotive adhesives market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 315.9 million by 2030.
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Automotive Adhesives Market Scope
Automotive Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 72.54% in 2022. Horizon Databook has segmented the U.S. 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 U.S. offers a premier market for automotive adhesives on account of its highly developed automotive industry, advanced adhesive technologies combined with highly skilled workforce, and growing R&D initiatives to encourage new product launches in adhesive industry.
Moreover, the country is home to several major automotive manufacturers such as General Motors, Ford, and Chrysler who are responding to new domestic cost advantages by shifting production facilities to the U.S. from other countries.
Ford has shifted some production of its Fusion sedan from Mexico to Michigan and its Transit van from Turkey to Missouri to capture potential in a large consumer market and avail the benefits of reduced manufacturing costs as a direct result of the recently discovered shale gas deposits in the U.S. This is likely to drive automotive adhesives market in the U.S. over the forecast period.
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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 U.S. automotive adhesives market , including forecasts for subscribers. This country databook contains high-level insights into U.S. automotive adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. automotive adhesives market size, by technology, 2018-2030 (US$M)
U.S. Automotive Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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