Global Automotive Lighting Adhesive
Market Report
2024
The Global Automotive Lighting Adhesive market size will grow at a compound annual growth rate (CAGR) of 4.90% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global automotive lighting adhesive market size will grow at a compound annual growth rate (CAGR) of 4.90% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Lighting Adhesive Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.9% |
Market Split by Type |
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Market Split by Application |
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Market Split by Sales Channel |
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Market Split by Function |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Automotive Lighting Adhesive Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The manufacture and usage of adhesive products for fastening and sealing various automobile lighting system components constitute the automotive lighting adhesive market. To ensure the durability and functioning of the lighting components, these adhesives attach various materials, such as plastic and glass, to one another. The growth of the automotive industry, particularly in emerging countries, impacts the need for automotive lighting adhesives. The demand for specialist adhesives that can successfully connect and secure these sophisticated lighting components is driven by advancements in automotive lighting, such as LED and OLED technologies. This accelerates the growth of the automotive lighting adhesives market. Furthermore, reliable adhesives are necessary to enable the correct installation and operation of lighting components per the stringent safety requirements and regulations imposed by authorities and industry groups, which helps drive market expansion.
With the quick advancements and innovations, as well as the rise in global demand and vehicle manufacturing, the automotive industry thrives. This has enabled automakers to create and include cutting-edge lighting components in the next generation of car models. Matrix LED, OLED, and laser lighting are some of the cutting-edge lighting technologies available to producers of automobile lighting and have been enhanced to increase the value of the lighting and increase security and customer satisfaction.
Thus, the automotive lighting adhesives market is anticipated to rise due to increased demand for advanced lighting solutions.
High research and development (R&D) expenses may significantly constrain the market for automotive lighting adhesives. Designing formulations for adhesives that can attach to various materials and withstand temperature fluctuations, vibrations, moisture, and chemical exposure is necessary for automotive lighting applications. Substantial testing and research are needed due to its intricacy to ensure the adhesive's performance and endurance. Moreover, standards for safety and regulation must be met by adhesives used in automobile lighting. This entails extensive testing to guarantee that the adhesives don't present health concerns to vehicle occupants or negatively affect the environment. Additional R&D funding is required to meet these standards.
Since the COVID-19 pandemic disrupted the entire value chain, the automobile industry and its related industries, including adhesives and sealants, were negatively impacted. The growth of the automotive industry and the market for automotive lighting adhesives are directly correlated, and the latter is intricately linked to upstream industries like steel, chemicals, and textile, as well as downstream industries like repair and mobility services, which had experienced a decline during this pandemic.
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The existence of multiple significant competitors makes the automotive lighting adhesives market competitive. The market's players have recently engaged in facility expansions, mergers, and acquisitions to take a commanding position. Additionally, many companies compete in the global automotive lighting adhesives market. Due to their large investments in new product development and other inorganic growth techniques, these firms have intense competition.
(Source:www.turkchem.net/delo-launches-new-adhesive-for-automotive-lighting.html)
Top Companies Market Share in Automotive Lighting Adhesive Industry: (In no particular order of Rank)
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According to Cognitive Market Research, The automotive lighting adhesive industry is one of many sectors that heavily rely on the Asia Pacific region as a market. The fast industrialization and economic growth of the Asia-Pacific area are well-known. Due to this expansion, there is now a greater demand for automobiles, which raises the need for automotive lighting parts and the adhesives needed to assemble them. Additionally, the number of vehicles owned has increased as the middle class has grown in China. The demand for better automotive lighting solutions and the adhesives used in their manufacture is driven by consumers in these markets' frequent desire for contemporary and technologically advanced vehicles. Furthermore, the large number of vehicle suppliers and manufacturers in China influences the overall demand for automotive lighting adhesives.
On the other hand, the United States, Canada, and Mexico are home to some of the largest companies in North America's established automobile sector. Automotive lighting parts and associated adhesives are in high demand in this sector. In North America, the car industry is shifting to LED lighting, which uses adhesives frequently for secure assembly and is an energy-efficient lighting option.
The current report Scope analyzes Automotive Lighting Adhesive Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Automotive Lighting Adhesive Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Lighting Adhesive Industry growth. Automotive Lighting Adhesive market has been segmented with the help of its Type, Application Sales Channel, and others. Automotive Lighting Adhesive market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the thermally conductive adhesives category dominated the market in 2023. In the automotive lighting business and other fields, thermally conductive adhesives are a specific kind of glue. Thermally conductive adhesives are utilized to affix LED modules or chips to heat sinks, substrates, or housings in automotive lighting.
Furthermore, the high-temperature cyanoacrylates category held the second largest share in the market. Bonding different parts that might be subjected to heat produced by lighting systems uses high-temperature cyanoacrylates. In lighting systems, where reflectors, lenses, and housings may be exposed to high temperatures during regular operation, these adhesives are particularly helpful for holding down components like these.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Lighting Adhesive Industry. Request a Free Sample PDF!
In 2023, the automobile segment had the biggest share. The production of electric vehicles is predicted to increase, which will accelerate market expansion globally. Adhesives also serve as a buffer and crash-resistant substance in the case of an accident, in addition to structural bonding.
According to Cognitive Market Research, commercial vehicles are predicted to increase at the quickest rate during the projection period due to their rising output. Furthermore, due to growing awareness of adhesives' advantages over rivets, their use has considerably expanded during the past few years. Therefore, an increase in the manufacture of large commercial vehicles is a good indicator for the sector.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Lighting Adhesive market report 2024 Edition by contacting our team.
Automobiles' original equipment manufacturers (OEMs) are frequently supplied with automotive lighting adhesive supplies. Manufacturers of adhesives collaborate closely with vehicle OEMs to meet requirements and guarantee that their products adhere to the appropriate standards for usage in lighting components.
Moreover, automotive lighting components can be repaired, maintained, and replaced using adhesive products, which are part of the aftermarket market. These goods are bought by customers and auto repair facilities to repair or swap out broken lighting systems.
According to Cognitive Market Research, in 2023, the bonding segment accounted for the biggest revenue share. In lightweight automobiles, adhesives are being employed as bonding agents more frequently. As a result of their numerous advantages, such as reduced weight, the ability to join materials with different properties, such as metal and plastic, improved aesthetics, and flexibility in the design of the final assembly, structural adhesives are quickly replacing mechanical fasteners.
Over the forecast period, NVH is expected to experience the fastest volume growth. OEMs are compelled to follow NVH requirements by the growing consumer preference for quiet and comfortable driving. Adhesives aid in meeting NVH standards and improving the driving experience.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Lighting Adhesive Market is witnessing significant growth in the near future.
In 2023, the High-Temperature Cyanoacrylates segment accounted for noticeable share of global Automotive Lighting Adhesive Market and is projected to experience significant growth in the near future.
The Cars segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies H.B.Fuller , Chengdu Guibao Science and Technology and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | High-Temperature Cyanoacrylates, Thermally Conductive Adhesives, Others |
Application | Cars, SUV, Pickup Trucks, Commercial Vehicles |
Sales Channel | OEMs, Aftermarket |
Function | Bonding, NVH, Sealing/Protection |
List of Competitors | H.B.Fuller, SINOF HI-TECH MATERIAL, Chengdu Guibao Science and Technology, Shanghai Derun Petroleum Chemical, Hampson Industrial Materials, Cookson Electronics, Henkel |
This chapter will help you gain GLOBAL Market Analysis of Automotive Lighting Adhesive. Further deep in this chapter, you will be able to review Global Automotive Lighting Adhesive Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Automotive Lighting Adhesive Market Trends North America Automotive Lighting Adhesive Technological Road Map North America Automotive Lighting Adhesive Market Drivers North America Automotive Lighting Adhesive Market Restraints North America Automotive Lighting Adhesive Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Sales Channel Analysis 2019 -2031
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Chapter 13 Market Split by Function Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Lighting Adhesive market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why High-Temperature Cyanoacrylates have a significant impact on Automotive Lighting Adhesive market? |
What are the key factors affecting the High-Temperature Cyanoacrylates and Thermally Conductive Adhesives of Automotive Lighting Adhesive Market? |
What is the CAGR/Growth Rate of Cars during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Lighting Adhesive Market? |
Which region is expected to dominate the global Automotive Lighting Adhesive Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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