The Latin America, Middle East and Africa Automotive Adhesives Market would witness market growth of 7.0% CAGR during the forecast period (2021-2027).
Adhesives are also crucial in the young and developing sector of electric vehicle batteries. Their responsibilities are as diverse as the battery packs' complicated structures and concepts. The bonding of capacitors and chokes on battery control units' printed circuit boards, the screw-free and weld-free attachment of heat sinks and battery cells, the encapsulation of some components, and the battery pack itself are all examples. Using adhesives to connect semiconductor parts electrically has a number of advantages. One of the most significant functions of adhesives in rechargeable batteries is to dissipate heat Adhesives must be able to dissipate heat generated during operation and have flame retardant properties in many circumstances. Adhesives are frequently required to have sealing qualities. The glue must not, in particular, interfere with the battery cell's electrochemical activity. Many adhesive developments focusing on quick production processes are currently happening in light of the growing number of electric cars, such as full and mild hybrid vehicles. Light curing and light fixing, in particular, offer various alternatives for efficient production of higher volumes, in addition to traditional heat or room temperature curing.
Over the forecast period, the regions of Central and South America, as well as the Middle East and Africa, are expected to acquire a significant share of the revenue in the automotive adhesives market. Adhesive producers are expanding their capacity and regional footprint in these locations due to increasing growth potential. For example, after seeing the potential of the Latin American market, H.B. Fuller announced the creation of a new adhesives center in Brazil in June 2019.
Given the increased investment interest in electric automobiles in the UAE, the MEA (Middle East and Africa) is expected to emerge as a key regional segment in the automotive adhesives industry in the future. According to an Audi Abu Dhabi survey, more than 29% of UAE residents are inclined to consider buying an electric vehicle to reduce emissions.
The Brazil market dominated the LAMEA Automotive Adhesives Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $109.5 million by 2027. The Argentina market is anticipated to grow at a CAGR of 7.6% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 6.7% during (2021 - 2027).
Based on Resin Type, the market is segmented into Polyamide, Polyurethane, Silyl Modified Polymers (SMP), Silicone, Epoxy, Acrylics, and Others. Based on Technology, the market is segmented into Water Based, Pressure Sensitive, Solvent Based, Hot Melt, and Others. Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle. Based on Vehicle Type Application, the market is segmented into Body-in-White (BIW), Powertrain, Paint Shop, and Assembly. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Automotive Adhesives Market is Predict to reach $6.3 Billion by 2027, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sika AG, Henkel AG & Company, KGaA, 3M Company, DuPont de Nemours, Inc., Huntsman Corporation, Dymax Corporation, Arkema S.A., PPG Industries, Inc., H.B. Fuller Company, and Illinois Tool Works, Inc.
By Resin Type
By Technology
By Vehicle Type
By Application
By Country
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