Automotive Aftermarket Adhesives Market: By Adhesive Type (Structural, Tapes & Films, Thread locks & Retainers, Liquid Gasket and Others), By Resin Type (Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA, Butyl and Others), and Geography

Automotive Aftermarket Adhesives Market size was valued at USD 4,629.2 million in 2023 and is poised to grow at a CAGR of 4.6% from 2024-2030. An adhesive is a substance applied to one or both surfaces of two separate items that binds them together and resists their separation. It wasn’t long before automotive adhesives began replacing rivets, welds, and other fasteners throughout the vehicle. Over the decades, adhesive use has spread from brake shoes to floor underlayment, side mirrors, hood assembly, motor magnets, wire tacking, and more. Adhesives are the most versatile bonding agents available today, and manufacturers use them to make their vehicles lighter and more durable.

In addition, these adhesives can improve crash performance and reduce vibration, noise, and harshness in automobiles. However, they are made up of precise combinations of polymer elastomers, resins, and chemicals or additives that improve specific properties based on the end goal. Furthermore, adhesive bonding allows for the creation of new, one-of-a-kind vehicle body layouts as well as hybrid material layouts made of high-strength steels, nonferrous metals, plastics and composites. Furthermore, adhesives have high bonding strength across a wide range of surfaces. It can be used to secure dashboards, door panels, electronics, light covers, and lenses, as well as steel and mixed materials.

According to US Department of Transportation, the a Reduction in the number of households without cars. The number of households without cars declined by about half, from 22% in 1960 to 8.5% in 2020 and Increase in multi-vehicle households. The number of households with two or more cars has increased substantially, from 22% in 1960 to 59% in 2020.

Thus this brings us to the repair or service of the vehicles, which will also increase, paving way for the Automotive Aftermarket Adhesives market product sales to rise. Also, cars nowadays are lasting longer which also makes the number of services increases, this also acts as a driver for the market. Even though, adhesives have started to substitute old parts such as floor bolts and so on, some parts such as fasteners, are being still used even when there is the availability of adhesives. This acts as a restraint for the market expansion. Strategic partnerships and acquisitions and a rise in sustainable products are the main opportunities the market holds.

Automotive Aftermarket Adhesives Market Key Developments:

• In May 2024, Arkema agreed to acquire Dow’s flexible packaging laminating adhesives business, one of the leading producers of adhesives for the flexible packaging market, generating annual sales of around US$250 million.
• In Sep 2023, Bostik, the adhesives business line of Arkema, is proud to unveil its latest range of Bio-based Specialty Hot Melt Adhesives, including specifically Copolyesters and Copolyimides. These adhesives are designed to meet the increasing demand for more sustainable materials in the manufacturing
• In 2023, Henkel officially opened its Technology Center in Bridgewater, New Jersey, US. Occupying 70,000 square ft., the center provides a unique and interactive destination for the company’s strategic partners and customers. The facility showcases Henkel’s entire technology portfolio of adhesives, sealants, functional coatings and specialty materials.