Automotive Adhesives Market Growth & Forecast Analysis

The automotive adhesives market size was estimated at USD 7 billion in 2021 and is likely to grow at a CAGR of 5.84% during 2022-2028 to reach USD 10.45 billion in 2028.

The ability of adhesives to reduce vehicle weight, increase fuel efficiency, and lower carbon emissions is the key factor driving the demand for automotive adhesives, globally.

Automotive Adhesives Market COVID IMPACT

The pandemic had a huge impact on the automotive adhesive market. Lockdowns and restrictions in the manufacturing and automotive sector in multiple countries have been key issue in holding back the growth of the market during a pandemic.