Transport Adhesive Market Trends and Forecast
The future of the global transport adhesive market looks promising with opportunities in the automobile, aerospace, and heavy machinery markets. The global transport adhesive market is expected to grow with a CAGR of 2.8% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight vehicles enhances adhesive usage, technological advancements in adhesive formulations, and expansion of automotive and aerospace industries.
• Lucintel forecasts that high temperature resistant adhesive is expected to witness higher growth over the forecast period.
• Within this market, automobile is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Transport Adhesive Market
• United States: Major adhesive manufacturers like 3M and Henkel are expanding R&D efforts to enhance adhesion technology for lightweight materials, aligning with government initiatives for fuel efficiency targets in automotive and aerospace sectors.
• Germany: BASF and Evonik are focusing on sustainable adhesive solutions, supporting GermanyÄX%$%Xs carbon reduction goals. Government subsidies for eco-friendly transport technologies are driving adoption of adhesive products in electric vehicle manufacturing.
• China: Sika and H.B. Fuller are increasing production capacities to meet growing demand from ChinaÄX%$%Xs booming automotive and high-speed rail sectors. Government-backed infrastructure projects are driving the use of advanced adhesives for construction and transportation.
• Japan: DIC Corporation and Mitsui Chemicals are investing in bio-based adhesives to reduce environmental impact in compliance with JapanÄX%$%Xs stringent emission regulations. Government incentives for green technology adoption are encouraging the shift towards eco-friendly transport adhesives.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Transport Adhesive Market by Segment
The study includes a forecast for the global transport adhesive market by type, application, and region.
Transport Adhesive Market by Type [Value from 2018 to 2030]:
• High Temperature Resistant Adhesives
• Impact Resistant Adhesives
• Others
Transport Adhesive Market by Application [Value from 2018 to 2030]:
• Automobiles
• Aerospace
• Heavy Machinery
• Others
Transport Adhesive Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Transport Adhesive Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies transport adhesive companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the transport adhesive companies profiled in this report include-
• H.B. Fuller
• Permabond
• Chemique Adhesives
• Forgeway
• Aron Alpha Industrial Krazy Glue
• United Resin
• Astro Chemical
• Master Bond
• Advantra
• Kommerling Chemie
Recent Development in the Transport Adhesive Market
• Henkel AG & Co. KGaA: Henkel has introduced a new line of structural adhesives specifically formulated for lightweight materials in transportation applications. These adhesives offer superior bonding strength while reducing weight, enhancing fuel efficiency, and meeting stringent safety standards.
• 3M Company: 3M has launched a series of advanced adhesives designed for automotive interiors, focusing on durability and sustainability. These adhesives provide excellent bonding performance for various substrates, contributing to the industryÄX%$%Xs shift towards electric vehicles (EVs) and lightweighting.
• H.B. Fuller Company: H.B. Fuller has expanded its portfolio with adhesives tailored for the aerospace industry, emphasizing high temperature resistance and durability under extreme conditions. These adhesives are critical for bonding composite materials used in aircraft manufacturing.
• Sika AG: Sika has introduced a range of adhesives for the railway sector, aimed at improving assembly processes and reducing maintenance costs. These adhesives enhance the structural integrity of components and facilitate faster production cycles in rail vehicle manufacturing.
• Avery Dennison Corporation: Avery Dennison has developed innovative adhesive solutions for the marine industry, focusing on durability in harsh marine environments. These adhesives offer superior resistance to saltwater and weathering, extending the lifespan of marine structures and components.
Features of the Global Transport Adhesive Market
Market Size Estimates: Transport adhesive market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Transport adhesive market size by type, application, and region in terms of value ($B).
Regional Analysis: Transport adhesive market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the transport adhesive market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the transport adhesive market.
Analyse de l'intensité concurrentielle de l'industrie basée sur le modèle des cinq forces de Porter.
FAQ
Q1. What is the growth forecast for transport adhesive market?
Answer: The global transport adhesive market is expected to grow with a CAGR of 2.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the transport adhesive market?
Answer: The major drivers for this market are increasing demand for lightweight vehicles enhances adhesive usage, technological advancements in adhesive formulations, and expansion of automotive and aerospace industries.
Q3. What are the major segments for transport adhesive market?
Answer: The future of the transport adhesive market looks promising with opportunities in the automobile, aerospace, and heavy machinery markets.
Q4. Who are the key transport adhesive market companies?
Answer: Some of the key transport adhesive companies are as follows:
• H.B. Fuller
• Permabond
• Chemique Adhesives
• Forgeway
• Aron Alpha Industrial Krazy Glue
• United Resin
• Astro Chemical
• Master Bond
• Advantra
• Kommerling Chemie
Q5. Which transport adhesive market segment will be the largest in future?
Answer: Lucintel forecasts that high temperature resistant adhesive is expected to witness higher growth over the forecast period.
Q6. In transport adhesive market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the transport adhesive market by type (high temperature resistant adhesives, impact resistant adhesives, and others), application (automobiles, aerospace, heavy machinery, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Transport Adhesive Market Market, Transport Adhesive Market Market Size, Transport Adhesive Market Market Growth, Transport Adhesive Market Market Analysis, Transport Adhesive Market Market Report, Transport Adhesive Market Market Share, Transport Adhesive Market Market Trends, Transport Adhesive Market Market Forecast, Transport Adhesive Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.