The automotive adhesives market size has grown strongly in recent years. It will grow from $5.69 billion in 2024 to $6.05 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in world population, government support for the automobile industry, growing preference towards enhanced user comfort, safety and convenience, and increasing focus on light-weighting (vehicle weight reduction).
The automotive adhesives market size is expected to see strong growth in the next few years. It will grow to $8.18 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to global population growth and urbanization, rapid growth in e-commerce, favorable government initiatives and focus on electric vehicles (EVs). Major trends in the forecast period include focusing on eco-friendly automotive adhesives, focusing on water-based automotive adhesives, leveraging aluminum adhesive technologies, implementing 3d vision systems, and leveraging new technologies for dispensing and pre-activation.
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What are the key forces behind the automotive adhesives market’s growth in recent years?
The rise in demand for lightweight, low-carbon-emitting vehicles is expected to propel the growth of the automotive adhesives market. With the implementation of stricter emissions laws as a result of increased exhaust emissions, automobile manufacturers are focusing on producing lightweight automobiles to reduce CO2 emissions. Automotive adhesives are used to replace nuts and bolts, rivets, welding, and more to make vehicles lighter and tougher, which improves fuel economy and emissions. For instance, in June 2024, according to the Canada Energy Regulator, a Canada-based federal agency, reported that zero-emissions vehicles (ZEVs) are gaining momentum in Canada, with nearly 185,000 new registrations in 2023. This marks a 49% increase from 2022 and represents 11% of all new motor vehicle registrations for 2023. Hence, the rise in demand for lightweight and low-carbon-emitting vehicles will drive the automotive adhesives market.
What are the major segments of the automotive adhesives market?
The automotive adhesives market covered in this report is segmented –
1) By Resin Type: Polyurethane, Epoxy, Acrylics, Silicone, SMP, MMA, Other Resin Types
2) By Adhesive Type: Structural, Tapes And Films, Threadlocks And Retainers, Liquid Gaskets, Automotive Adhesives
3) By Vehicle Type: Passenger Cars, LCVs, Trucks, Buses, Aftermarket
4) By Application: BIW, Glazing, Powertrain, Paint Shops, Upholstery
Subsegments:
1) By Polyurethane: Flexible Polyurethane Adhesives, Rigid Polyurethane Adhesives
2) By Epoxy: Structural Epoxy Adhesives, Non-Structural Epoxy Adhesives
3) By Acrylics: Reactive Acrylic Adhesives, Non-Reactive Acrylic Adhesives
4) By Silicone: RTV Silicone Adhesives, Structural Silicone Adhesives
5) By SMP (Silyl Modified Polymer): SMP Adhesives For Automotive Applications
6) By MMA (Methyl Methacrylate): MMA Adhesives For Bonding And Sealing
7) By Other Resin Types: Thermoplastic Adhesives, Cyanoacrylate Adhesives
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Which companies dominate the automotive adhesives market?
Major companies operating in the automotive adhesives market include Henkel & Co. KGaA, 3M Company, Arkema, Sika AG, H.B. Fuller, Illinois Tool Works Inc, PPG Industries, Dow Inc, Avery Dennison, Huntsman, Benson Polymers Limited, Acme Corp, Chadha Corporation Pvt. Ltd, Adfast Polymers, Proten Exim Private Limited, Hunan Magpow Adhesive Group Co. Ltd, Wuhan Boli Chemical Ltd, Zibo Chico International Co. Ltd, Tengxin Chuzhou New Material Co. Ltd, Megabond (Huangshan) Adhesive Co. Ltd, Shanghai Hansi Industrial Co. Ltd, Beijing Comens New Materials Co. Ltd, Japan Sika Corporation, Henkel Japan Ltd, Dow Chemical Japan Ltd, Afinitica, ITAC Adhesives, Bostik UK, Antala Ltd, tesa SE, NPT SRL, Permabond, LIKK, Bondmaster, Camie, Chem-Calk, Chemseal, Chipbonder, ConProTec, Conap, Conapoxy, Cytec, Devcon, Double/Bubble, Dow Corning, Dymax, Dynaloy, E-Max, Eccobond, Eclectic, EconoDot, Elastoplastic, Ellsworth, Emerson & Cuming, Epoxi-Patch, FISHMAN, Oasn Me Ltd, Amazonas Industria E Comercio Ltd, Hotmelt Adhesives, Fixa Tudo, Jowat SE.
What major trends will shape the automotive adhesives market during the forecast period?
Major companies operating in the automotive adhesives market are focusing on developing advanced conductive adhesives, such as injectable thermally conductive adhesives for electric vehicles, to enhance battery system performance and safety. For instance, in May 2023, Henkel, a Germany-based company, launched Loctite TLB 9300 APSi, an injectable thermally conductive adhesive specifically for electric vehicle (EV) battery systems. This two-component polyurethane adhesive offers a high thermal conductivity of 3 W/mK, structural bonding capabilities, and electrical insulation, making it ideal for applications such as bonding battery cells to modules and cooling systems. It cures at room temperature without solvents, promoting sustainability by reducing emissions and resource use while enhancing manufacturing efficiency and safety.
What are the key regional dynamics of the automotive adhesives market, and which region leads in market share?
The countries covered in the automotive adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Automotive Adhesives Market Report 2025 Offer?
The automotive adhesives market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Automotive adhesives are specialized bonding agents used in vehicle manufacturing to join various components such as metals, plastics, and composites. They enhance structural integrity, reduce vehicle weight, and improve safety and performance.
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