United States Automotive Adhesives Market To Grow With A CAGR Of 5.34% Through 2028

Initiatives taken by government to support the production of automotive adhesives are the major drivers for the United States Automotive Adhesives Market.

According to TechSci Research report, “United States Automotive Adhesives Market – Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the United States Automotive Adhesives Market was valued 1109.25 Million in 2022 and is anticipated to register a CAGR of 5.34% during the forecast period. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.

With the global shift towards cleaner and more efficient transportation solutions, the automotive adhesives market in the United States is witnessing a significant surge in demand. The increasing adoption of electric and autonomous vehicles not only reshapes the automotive sector but also serves as a catalyst for innovation and expansion within the adhesives industry. Electric vehicles (EVs) have emerged as a disruptive force in the automotive realm, presenting an eco-friendly alternative to conventional internal combustion engine (ICE) vehicles. The increased adoption of EVs is contributing significantly to the evolution of the US automotive adhesives market. EVs demand lightweight structures to maximize their range and energy efficiency. Adhesive solutions are playing a crucial role in replacing traditional mechanical fasteners, allowing automakers to achieve lighter and more aerodynamic designs. The assembly of battery packs in EVs requires secure bonding to ensure safety and efficiency. Advanced adhesives are being employed to securely fasten battery cells, modules, and cooling systems, thus enhancing the structural integrity of these high-voltage components. Moreover, autonomous vehicles rely on an array of sensors and communication technologies for navigation and decision-making.

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 Adhesives are being used to attach and seal these sensors to the vehicle's body, ensuring their durability and accuracy. The shift towards autonomous driving is changing the interior layout of vehicles, focusing on passenger comfort and convenience. Adhesive solutions are aiding in the assembly of advanced infotainment systems, interactive displays, and ergonomic seating arrangements. The U.S. government has allocated substantial funds for research and development projects aimed at advancing adhesive technologies in the automotive sector. Grants, subsidies, and tax incentives are offered to adhesive manufacturers and research institutions to encourage the development of innovative adhesive formulations, adhesive application methods, and bonding techniques. The U.S. government's emphasis on environmental sustainability has led to the implementation of regulations and standards that encourage the use of eco-friendly adhesive solutions in the automotive industry.

Adhesive manufacturers are incentivized to develop products with reduced volatile organic compound (VOC) emissions, promoting cleaner and greener manufacturing processes. Government-backed certifications and eco-labels for sustainable adhesive products not only benefit the environment but also position manufacturers for market leadership. Collaborations between adhesive manufacturers and automotive OEMs have driven the development of eco-friendly and non-toxic adhesives. As safety regulations become increasingly stringent, these partnerships have facilitated the creation of adhesives that meet or exceed industry standards while reducing the environmental impact of vehicle production. A recent collaboration related to automotive adhesives in the United States is between Saperatec and Henkel. This partnership emphasizes their commitment to supporting sustainable solutions beyond adhesives. The collaboration aims to address recycling and circular economy challenges in the automotive industry. By leveraging Saperatec's expertise in recycling technologies, Henkel is working towards developing more sustainable adhesive solutions for automotive applications.

However, increasing cost of raw materials and complexities associated with manufacturing of automotive adhesives are expected to slow down the growth of the market in the coming years.

The United States Automotive Adhesives Market segmentation is based on Resin Type, Vehicle Type, By Company, and Region.

Some of the major companies operating in the United States Automotive Adhesives Market include:

·         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.

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“Certain regions of United States, particularly the midwest region, are projected to exert significant demand for automotive adhesives in the country. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their productivity of automotive adhesives each year, are expected to contribute to a remarkable growth of the United States Automotive Adhesives Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

United States Automotive Adhesives Market, By Resin Type (PU, Epoxy, Acrylic, Silicone, SMP, MMA), By Vehicle Type (Passenger Cars, LCVS, Trucks, Buses, Others), By Region, Competition, Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of United States Automotive Adhesives Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Automotive Adhesives Market..

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