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Forecast Period
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2024-2028
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Market Size (2022)
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USD 1109.25 Million
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CAGR (2023-2028)
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5.34%
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Fastest Growing Segment
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MMA
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Largest Market
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Midwest
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Market Overview
United States Automotive
Adhesives Market has valued at USD 1109.25 Million in 2022 and is anticipated
to grow at a CAGR of 5.34% through 2028. The United States automotive industry
is a dynamic and thriving sector that continuously seeks innovations to enhance
vehicle performance, safety, and durability. Automotive adhesives play a
crucial role in this quest, providing secure bonding solutions for various
components and materials used in vehicle manufacturing. The United States
automotive adhesives market has experienced significant growth in recent years,
driven by advancements in adhesive technology, stringent safety regulations,
and the growing demand for lightweight and fuel-efficient vehicles. One of the
primary drivers behind the increasing use of automotive adhesives is the
industry-wide focus on light weighting and improving fuel efficiency. Automotive
adhesives are extensively used in the assembly of the vehicle's body structure.
They bond various components, including panels, pillars, roofs, and doors,
ensuring structural integrity and enhancing crash performance. Adhesives also
contribute to noise reduction and improved vibration damping. Moreover,
Adhesives are employed in attaching interior trim components, such as dashboard
panels, center consoles, and door panels.
Key Market Drivers
Growing Use of Water-Based Automotive
Adhesives is Driving the Overall Market
Water-based
adhesives are adaptable and offer high-tech bonding to satisfy the demands of
challenging applications in the automobile industry. Also, Automotive interior
assembly applications are a good choice for water-based adhesives. Water,
polymers, and additives are combined to create water-based adhesives. Both
porous and non-porous substrates work well with them. These adhesives can be
created as solutions, and they become active as the water evaporates or the
substrate absorbs it. Manufacturers receive many of the advantages of
solvent-based adhesives as well as a few additional benefits when employing
high-quality water-based adhesives. They include decreased prices and VOC
levels. Moreover, water-based adhesives are safer to use and more
environmentally friendly than solvent-based alternatives. Furthermore, compared
to their solvent-based predecessors, water-based adhesives are much more
environmentally friendly. Conventional solvent-based adhesives cause air
pollution and health dangers by releasing dangerous volatile organic compounds
(VOCs) into the atmosphere while they cure. In contrast, water-based adhesives
emit less volatile organic compounds (VOC), which has a positive impact on end
users and production facilities' air quality. Water-based adhesives produce a
better and healthier working environment for automobile assembly line workers
by reducing the discharge of harmful gases and VOCs. These adhesives help to
improve indoor air quality, lowering the possibility that workers will
experience respiratory problems and other related health issues.
Rising Demand for Methyl Methacrylate Adhesives (MMAs) is
Propelling the Market
Methyl methacrylate adhesives (MMAs) have gained appeal for use in the
automobile industry even though they combine the strength of a structural
adhesive with a unique cure profile that allows them to be applied across vast
areas and varied materials. The most appealing feature of MMAs for the
automobile sector is their snap-cure property; unlike epoxies or other
adhesives, which gradually gain strength during the curing process, MMAs remain
workable and quickly harden to a fixed strength. By modifying formulas and
mixing proportions, this open workable time and curing time can be customized
to the precise application. This gives ample time to apply glue to big panels
of heavy trucks or other equipment, reinforce them, and finally fasten them
into place. By enabling quicker adhesion and reducing waiting for a cure, the
use of MMAs in this fashion can drastically save production time. All these
factors are spurring demand in the overall market.
Increase in the use of Environmentally
Automotive Adhesives
Green adhesives are mostly those created by excluding all chemicals other
than organic substances. To fulfill the highest levels of environmental
legislation and safety, there is an increasing demand in the United States for
environmentally friendly automobile adhesives.
Companies are primarily concentrating on substituting ecologically
friendly alternatives for solvents. Green adhesives provide a stronger and more
durable bond for automobiles than mechanical fasteners since they are rust-free
and reduce the chance of water and snow penetration. Besides that, to avoid
health problems brought on by exposure to recognized harmful components in
traditional materials, low-VOC adhesives have been developed. Since consumers
seek cleaner air quality, the most recent trend has been to eliminate volatile
organic compound emissions from the cabin of new vehicles. To meet both
specialized automotive bonding requirements and low VOC performance, the top
manufacturers of automotive adhesives are primarily concentrating on UV-cured
and emulsion acrylic adhesives.
Shifting Automotive Sensor Applications from Epoxy-Based to New
Silicone-Based Electrically Conductive Adhesives
Automotive
electronic specialists require very rugged adhesives that can survive harsh
environments. Automotive sensor applications in the past used electrically
conductive adhesives of an older generation based on epoxy. These electrically
conductive epoxy-based adhesives showed greater vibrational energy but less
resilience to high temperatures. In addition to offering electrical resistance,
stickiness, and flexibility, new silicone-based electrically conductive
adhesives are being developed that can tolerate operation temperatures as high
as 200 degrees Celsius.
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Key Market Challenges
Increasing Cost of Raw Materials
The United States
automotive industry has been a powerhouse of innovation and technology, with a
strong focus on sustainability and safety. However, the industry faces a
significant challenge in the form of the increasing cost of raw materials. Fluctuations
in oil prices, geopolitical tensions, and supply chain disruptions have all
contributed to rising material expenses. Key components like resins, solvents,
and additives, which form the foundation of automotive adhesives, have seen
unprecedented cost hikes, exerting pressure on manufacturers and end-users
alike. The increasing cost of raw materials tends to have a more profound
impact on smaller adhesive manufacturers and Small and Medium-Sized Enterprises (SMEs) (SMEs). These companies may lack the economies
of scale enjoyed by larger enterprises, making it more challenging for them to
absorb or offset higher material costs. As a result, some SMEs may face
increased financial pressure or even be pushed out of the market entirely,
leading to reduced competition and innovation in the industry.
Design and Manufacturing Complexities
As the automotive
industry aims to reduce vehicle weight and enhance fuel efficiency, it
increasingly incorporates diverse materials, such as aluminum, composites,
high-strength steels, and plastics, into vehicle designs. While these materials
offer various advantages, they also present unique challenges when it comes to
joining them. Traditional welding and fastening methods may not be suitable for
all these materials, making adhesives a preferred choice. Even slight
deviations in adhesive thickness or distribution can significantly impact the
performance and integrity of the bond. Automotive manufacturers need to invest
in specialized equipment and skilled personnel to ensure accurate and
repeatable application techniques throughout the production process. Adhesives typically
require a curing process during which they reach their full strength and
bonding capabilities. The curing time varies depending on the adhesive type and
the environmental conditions. Longer cure times can slow down the production
process, reducing manufacturing efficiency and increasing overall costs.
Key Market Trends
Advancements in Bonding Composites
The United States
automotive industry has been undergoing a remarkable transformation, driven by
a shift towards lightweight materials and the increasing adoption of electric
and hybrid vehicles. Composites have gained immense popularity in the
automotive industry due to their exceptional strength-to-weight ratio. CFRPs,
in particular, are renowned for their high tensile strength, stiffness, and corrosion
resistance. By incorporating composites into vehicle structures and components,
automakers can reduce weight significantly, resulting in improved fuel
efficiency and better overall performance. To meet the demands of modern
vehicle design, adhesive manufacturers are investing heavily in research and
development to create specialized bonding solutions tailored for composites. One
of the key requirements for bonding composites is the ability to evenly
distribute stress across the joint. Adhesives provide a flexible and uniform
bond line, effectively distributing mechanical loads and reducing the risk of
localized failure. This even stress distribution is essential for maintaining
the structural integrity of the composite components and ensuring long-term
durability. Another notable advancement in bonding composites is the
development of hybrid bonding solutions. Hybrid bonding involves combining
adhesive bonding with other joining techniques, such as mechanical fastening or
welding. This approach takes advantage of the strengths of each method while
compensating for their respective weaknesses. The combination of techniques
allows automakers to design structures that are both lightweight and
mechanically robust, addressing the challenges posed by composites' unique
properties.
Digitalization and Industrialization
Digital tools such as
computer-aided design (CAD) and simulation software allow adhesive
manufacturers to virtually design and analyze adhesive formulations and their
behavior in various applications. This streamlines the product development
process, reducing the time required for experimentation and prototyping. Automotive
manufacturers can leverage digitalization to monitor adhesive application
equipment and predict maintenance needs. Smart sensors and monitoring systems
can collect real-time data, helping manufacturers anticipate equipment failures
or deterioration, reducing downtime and improving production efficiency. Robotic
systems equipped with precision adhesive dispensing capabilities are becoming
more prevalent in automotive assembly lines. These robots ensure consistent
adhesive application, reducing human errors and improving production
efficiency. Moreover, industrialization enables adhesive manufacturers to
implement in-line quality control processes during production. Automated
inspection systems can assess adhesive bead dimensions, distribution, and cure
time, ensuring adherence to strict quality standards. Digitalization and
industrialization also play a crucial role in improving environmental
sustainability within the automotive adhesives market. Data-driven research and
development processes enable the formulation of eco-friendly adhesives with
reduced VOC emissions and improved recyclability. Additionally, industrialization
facilitates optimized adhesive application, reducing waste and minimizing
environmental impact.
Segmental Insights
Resin Type Insights
In 2022, the automotive adhesives market was
dominated by the MMA segment and is predicted to continue expanding over the
coming years. MMA adhesives offer excellent adhesion to various
substrates, including metals, composites, and plastics. They provide high bond
strength, ensuring durable and reliable bonds in automotive applications. MMA
adhesives exhibit excellent resistance to impact, vibration, and environmental
factors such as temperature changes and moisture. This makes them suitable for
automotive applications exposed to challenging conditions.
Vehicle Type Insights
In 2022, the automotive
adhesives market was dominated by the passenger cars segment and is predicted
to continue expanding over the coming years. Cars are the most popular way to get around
in developed nations and their popularity is growing in developing nations too,
thanks to rising incomes. The growing availability of vehicle financing has
been driving the car industry, as customers can now get loans to buy their own
car. Owning a car is also seen as a symbol of social status in many developing
nations. These trends, along with the expected future growth of car ownership
in developing nations, have created a demand for automotive adhesive in the
market.
Regional Insights
The Midwest region has established itself as the
leader in the United States Automotive Adhesives Market. The Midwest is home to several major automobile
manufacturers and assembly plants, providing a large customer base for adhesive
manufacturers in the region. Regions with well-established research and
development centers focusing on automotive technologies and materials,
including adhesives, foster innovation and attract key players in the industry.
Such centers influence the development of advanced adhesive solutions tailored
to automotive applications. The Midwest's central location in the United States
also provide logistical advantages for companies operating in the region.
Recent Developments
- On 10 May 2023, US adhesive specialists H.B. Fuller announced its
acquisition of UK-based adhesive
company Beardow Adams. H.B. Fuller is anticipating the acquisition will provide
access to Beardow Adams sales presence in more than 70 countries and 20,000 end-user
applications. Moreover, Beardow Adams has manufacturing capabilities across
Europe and the United States and is known for the excellent quality of its
products.
- In 2021,
Sika Ag launched a polyurethane hot metal adhesive for the automotive industry
that has less than 0.1% monomeric isocyanate content. Reactive polyurethane hot
melt adhesives offer a flexible method of interior bonding that is economical
in terms of space, financial outlay, and product handling. Contrarily,
traditional reactive PUR hot melt adhesives include some restrictions on the
amount of free monomer isocyanate, which results in dangerous labeling with
usage limitations.
Key Market Players
- H.B. Fuller
- Permabond LLC
- 3M Company
- Henkel AG & Co. KGaA
- Huntsman Corporation
- Sika AG
- Arkema S.A.
- DuPont de Nemours, Inc.
- Uniseal, Inc.
- Dow Inc.
|
By
Resin Type
|
By
Vehicle Type
|
By
Region
|
- PU
- Epoxy
- Acrylic
- Silicone
- SMP
- MMA
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- Passenger Cars
- LCVS
- Trucks
- Buses
- Others
|
- Northeast
- Midwest
- South
- West
|
Report Scope:
In this report, the United States Automotive Adhesives
Market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- United States Automotive Adhesives Market, By Resin
Type:
- PU
- Epoxy
- Acrylic
- Silicone
- SMP
- MMA
- United States Automobile Adhesives Market, By Vehicle
Type:
- Passenger Cars
- LCVS
- Trucks
- Buses
- Others
- United States Automobile Adhesives Market, By Region:
- North-East
- Mid-West
- West
- East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the United States Automotive Adhesives Market.
Available Customizations:
United States Automotive Adhesives Market report with
the given market data, TechSci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
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