Global Automotive Body Repair Adhesives Market Size By Type (Steel, Aluminum), By Vehicle Type (Commercial Vehicle, Passenger Vehicle), By Geographic Scope And Forecast

Automotive Body Repair Adhesives Market Size And Forecast

Automotive Body Repair Adhesives Market size was valued at USD 3,420.98 Million in 2020 and is projected to reach USD 5,998.61 Million by 2030, growing at a CAGR of 6.40% from 2023 to 2030.

The number of road accidents is growing at an exponential manner, resulting in higher demand for the aftersales or collision repair service. The Global Automotive Body Repair Adhesives Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automotive Body Repair Adhesives Market Definition

Think of adhesives as the unsung heroes of modern manufacturing – lightweight materials that glue together everything from metals to plastics. In the car world, they're becoming super popular for holding together closures, structural modules, and all sorts of other parts. Why? Because using more adhesives means lighter cars, stiffer bodies (which handles better!), safer crashes, and a quieter, smoother ride (less NVH, as the engineers say!). Plus, adhesive bonding lets designers get creative with new car shapes and mix-and-match materials like strong steels, nonferrous metals, plastics, and composites. And let's not forget, these things really stick – providing strong bonding strength across tons of different surfaces. You'll find them everywherein dashboards, door panels, electronics, even light covers and lenses. As adhesive tech gets better, we'll see even more sophisticated solutions used to put cars together and fix them. The auto industry is the biggest fan, using them all over the place, but you'll also find similar body panel glues in trains, buses, trucks, and even heavy machinery. Panel bond adhesive solutions help speed up assembly lines and make repairs quicker, especially when welding isn't the best option. Ultimately, these adhesive methods for cars and other vehicles are replacing old-fashioned fasteners, giving us a bunch of advantages.

The properties offered by automotive body repair adhesives include lightweight, Anti-corrosive, Noise, and vibration canceling, Bonding dissimilar materials, and Efficiency. As material and in terms of application, vehicle body adhesives are much less expensive than fasteners. Body panel adhesive application can be completely automated, saving time and money. Welds and mechanical fasteners are often heavier than auto body panel adhesive systems; therefore they can significantly reduce the weight of a vehicle, resulting in lower fuel consumption and emissions

Global Automotive Body Repair Adhesives Market Overview

With more cars being sold than ever before, thanks to a growing economy, a larger middle class, and more money in people's pockets, the Automotive Body Repair Adhesives Market is really taking off! Just look at China, where auto sales hit 26.28 million units in 2021, up 3.8% from the year before, according to the China Association of Automobile Manufacturers (CAAM). And in Canada, car sales jumped by a whopping 33% in the first half of 2021. All these new cars are great for the auto industry, but unfortunately, it also means more fender benders. The National Safety Council says that crashes involving two or more vehicles are the most common type of car accident. And with more accidents comes more vehicle damage, which means more demand for body repair solutions. Let's face it, the number of accidents on the road is climbing fast, so the need for aftersales and collision repair services is only going to keep growing.

Lately, we've seen a huge jump in the need for adhesives, mainly because car companies are trying to make vehicles lighter. Adhesives are becoming the go-to choice for sticking auto-parts together, both when building and fixing cars. Think of it this wayas tech gets better, cars are being glued instead of screwed or bolted! Adhesives spread the load across the whole surface, which is pretty smart. Plus, we're using more plastics and composite materials inside and outside cars to cut down on weight. Why adhesives? Well, they can stick different materials together, they're lightweight, they cut down on vibrations, and they're great for making strong, structural bonds. Even better Crash tests show that cars glued together actually hold up better than welded ones. And let's be honest, adhesives look better too. They're hidden between surfaces, leaving you with a smooth finish, even after a fender-bender and collision repair.

However, the cost volatility of the Thermoplastic and thermoset adhesives hampers the growth of this market.Besides, the emergence of bio-based automotive adhesives and the rise in the demand for autonomous and electric vehicles is creating opportunities for the market. Manufacturers are shifting their focus towards introducing bio-based adhesives to promote sustainability, especially in electric vehicles. Several adhesive manufacturers are investing in the research and development activities for new bio-based adhesives, which are contributing to a sustainable future.

Global Automotive Body Repair Adhesives MarketSegmentation Analysis

The Global Automotive Body Repair Adhesives Market is segmented on the basis of Type, Vehicle Type, Application, And Geography.

Automotive Body Repair Adhesives Market, By Type

• Steel• Aluminum• Others

When we look at the Type of adhesives used in automotive body repair, the market basically splits into three categoriesSteel, Aluminum, and a catch-all "Others." Right now, Steel is the big player, grabbing the largest piece of the market, and we expect it to keep growing. Why? Well, Steel is super popular in cars because of its awesome physical properties. It's really the driving force in the global automotive body repair adhesives market, mainly because everyone's using more and more Steel in their cars. Plus, Steel isn't just Steel – it comes in different flavors, each with its own special features for different jobs. For example, if you need something super strong and lightweight to protect passengers and keep the car structurally sound, you go for higher strength steels. The fact that Steel is in high demand for automotive repairs is a major reason why this whole market is growing.

Automotive Body Repair Adhesives Market, By Vehicle Type

• Commercial Vehicle• Passenger Vehicle

When we look at the Global Automotive Body Repair Adhesives Market, we can break it down by Vehicle TypeCommercial Vehicles and Passenger Vehicles. And guess what? Passenger Vehicles are leading the pack! They currently hold the biggest piece of the pie and are expected to keep growing. What's driving this? Well, more people want passenger vehicles, and unfortunately, vehicle damage is on the rise globally, fueling the market. We expect this segment to stay on top for the foreseeable future. For example, according to the India Brand Equity Foundation (IBEF), manufacturing of passenger vehicles, three-wheelers, two-wheelers (but not BMW, Mercedes, Tata Motors, or Volvo Auto), and quadricycles hit 2,214,745 units in October 2021 alone. In 2021, they churned out a whopping 22,652,108 passenger vehicles! Bottom line? Two-wheelers and passenger vehicles are really calling the shots in the Indian auto market.

Automotive Body Repair Adhesives Market, By Application

• Bumpers• Spoilers• Dash Boards• Body Panels• Front Grills• Others

To Get Summarized Market Report By Application-

When it comes to how they're used, the Global Automotive Body Repair Adhesives Market is broken down into categories like Bumpers, Spoilers, Dash Boards, Body Panels, Front Grills, and Others. Right now, Body Panels are the biggest deal, and they're expected to keep growing in popularity. Why? Because more and more body shops are using these adhesives on body panels. You can use panel bonding adhesive to stick together steel, aluminum, and even different types of plastics and composites, as long as they're prepped right. And there are a few ways to get the job done – you've got your solvent-based adhesives, the waterborne kind, and even hot melt adhesives.

Automotive Body Repair Adhesives Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

To Get Summarized Market Report By Geography- 

Okay, so when we look at the Global Automotive Body Repair Adhesives Market by region, we see it's broken down into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Right now, Asia Pacific is the biggest player, and it's expected to grow the fastest! Think about itthe economies in places like India, Taiwan, Indonesia, Thailand, Malaysia, and Vietnam are really booming, and that's driving up demand. And in China and India, the market for sealants is exploding because they're making so many more cars. Plus, as people earn more money, they're upgrading from motorcycles to cars, which is also helping the passenger car market take off.

Key Players

The major players in the market are Bigoven, Food Network, SideChef, BBC Good Food, Tasty, AllRecipes, Yummly. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• DuPont announced it has entered into a definitive agreement to acquire Rogers Corporation for cash,(the “Intended Rogers Acquisition”).

• The transaction is subject to approval by Rogers’ shareholders, which was received on January 25, 2022, with regulatory approvals, and customary closing conditions.

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