Automotive Adhesives Market Forecast to Reach USD 10.45 Billion by 2028 as Passenger Car and Electric Vehicle Production Expands
The global Automotive Adhesives Market was estimated at USD 7.43 billion in 2022 and is projected to reach USD 10.45 billion by 2028, according to Stratview Research.
Market Overview and Growth Outlook
The global Automotive Adhesives Market was estimated at USD 7.43 billion in 2022 and is projected to reach USD 10.45 billion by 2028, according to Stratview Research.
The report forecasts a CAGR of 5.8% during 2023–2028.
Automotive adhesives contribute to vehicle manufacturing by bonding components and supporting reduced weight, improved structural performance, and lower noise and vibration.
Increasing production of electric vehicles is an important source of market demand.
The report identifies adhesive applications in electric vehicle batteries and thermal management systems, with high-performance bonding materials contributing to battery pack safety.
The Automotive Adhesives Market forecast identifies Passenger Car as the largest Vehicle Type.
The category held the largest market share in 2022 and is expected to remain dominant during the forecast period.
The report specifically links its growth outlook to increasing electric vehicle production.
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Market Segmentation Analysis
By Vehicle Type
The market comprises:
Passenger Car
LCV
Truck
Buses
Aftermarket
Passenger Car
Passenger Car held the largest share of the market in 2022.
The source expects it to maintain its leading position through 2028.
Increasing production of electric vehicles is explicitly identified as a contributor to the category's demand outlook.
Automotive adhesives support vehicle manufacturing by helping reduce weight and improving bonding performance.
The report also identifies applications in batteries and thermal management systems, along with body components and sub-assemblies.
However, the public source does not disclose Passenger Car's numerical share, individual market value, or CAGR.
LCV
LCV is included in the formal Vehicle Type classification.
The report does not provide a separate market valuation or individual growth ranking for this category.
Truck
Truck represents another formal Vehicle Type.
Although commercial vehicle production is identified as part of the wider automotive production driver, the public source does not disclose a Truck-specific adhesive market forecast.
Buses
Buses are included in the report's Vehicle Type classification.
No separate market value, percentage share, or CAGR is publicly provided.
Aftermarket
Aftermarket completes the formal classification.
The source does not disclose an individual Aftermarket market valuation or growth rate.
Vehicle Type Leadership
Passenger Car is the dominant Vehicle Type.
However, the report does not provide a complete comparative growth ranking across Passenger Car, LCV, Truck, Buses, and Aftermarket.
Its largest-share finding does not establish Passenger Car as the fastest-growing category.
By Resin Type
The market comprises Polyurethane, Epoxy, Acrylic, Silicone, SMP, MMA, and Others.
Polyurethane is the largest Resin Type.
The report attributes its position to high elongation and strong bonding.
By Application Type
The market includes Body in White, Paint Shop, Assembly, and Powertrain.
Body in White is dominant.
Epoxy and Polyurethane are the most widely used products in this application.
Regional Market Insights
Asia-Pacific
Asia-Pacific is expected to remain the largest and fastest-growing region.
The report highlights automotive production and the presence of a large number of adhesive manufacturers.
North America and Europe
Both regions are expected to offer substantial opportunities.
Rest of the World
Rest of the World completes the formal regional segmentation.
Emerging Trends Shaping the Automotive Adhesives Market
Electric vehicle batteries: Adhesives support EV battery pack construction.
Thermal management: Electric vehicle thermal management systems are another identified application.
Vehicle mass reduction: Adhesives can replace certain mechanical fastening approaches.
Fuel efficiency and emissions: Lightweight designs support automotive performance and emissions objectives.
Key Growth Drivers of the Market
Increasing electric vehicle production.
Growing automotive manufacturing.
Demand for improved fuel economy.
Requirements for lower vehicle weight.
Adhesive use in batteries, body components, and vehicle systems.
Competitive Landscape
Key Companies in the Market
Arkema Group, DuPont, Huntsman Corporation, Henkel AG & Co. KGaA, H.B. Fuller Company, Sika AG, and The 3M Company are identified in the report.
The source does not disclose their individual shares of Passenger Car, LCV, Truck, Buses, or Aftermarket demand.
Strategic Market Considerations
Passenger Car is the leading Vehicle Type, supported by the wider demand outlook for electric vehicle production.
However, the public report does not provide numerical vehicle-specific market shares or individual growth rates.
It would therefore be inaccurate to assign the overall market CAGR of 5.8% to Passenger Car alone.
Conclusion and Strategic Outlook
The Automotive Adhesives Market is projected to reach USD 10.45 billion by 2028.
Passenger Car is expected to remain the largest Vehicle Type, with EV production contributing to demand.
Polyurethane and Body in White are the dominant resin and application categories, respectively.
Lightweighting, automotive production growth, and adhesive use in electric vehicle systems remain important market drivers.
FAQs – Automotive Adhesives Market
1. What is the market forecast for 2028?
USD 10.45 billion.
2. What CAGR is projected?
5.8% during 2023–2028.
3. Which Vehicle Type dominates?
Passenger Car.
4. Which other Vehicle Types are covered?
LCV, Truck, Buses, and Aftermarket.
5. How does electric vehicle production influence demand?
Adhesives are used in EV manufacturing, including batteries and thermal management systems, supporting the market's growth outlook.