Stringent Federal Regulationson Fuel Economy and Carbon Dioxide Emissions to drive Automotive Adhesives Market in United States

1. United States Automotive Adhesives Market
Forecast & Opportunities, 2019
M a r k e t . I n t e l l i g e n c e . E x p e r t s

2. I n d u s t r y B r i e f
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Government concerns regarding environmental impact of motor vehicles is driving automotive manufacturers in the US to
downsize vehicle weight in order to improve fuel economy and reduce harmful emissions. The government has drafted
regulations pertaining to fuel economy and emission standards, which has to be followed by every vehicle manufacturer by
2025. Weight reduction of vehicles can be achieved by using lightweight materials such as plastics, composites, high
strength steel and aluminum. As composites are generally built of different materials, their joining is not possible using
traditional techniques like welding or screwing. For this purpose, specially formulated structural adhesives have to be
applied, which not only bind composites of similar or dissimilar substrates, but also provide structural integrity to the vehicle
body frame. Major automotive adhesives used to achieve these objectives include epoxy, polyurethane or acrylic polymer-
based.
According to “United States Automotive Adhesives Market Forecast & Opportunities, 2019”, the automotive
adhesives market in the US is expected to grow at a CAGR of about 5% during 2014-19. The demand for automotive
adhesives is expected to increase significantly in the automotive sector, due to rising government concerns related to
reducing emissions from ICE (Internal Combustion Engine) by switching to electric vehicles (EVs). As EVs contain heavy
batteries for storing energy, their fuel efficiency has to be balanced using lightweight materials, which in turn increases
automotive adhesive consumption. This trend is further supported by tax exemptions for use or promotion of electric
vehicles. Some of the major companies in the US involved in manufacturing and supplying automotive adhesives to OEMs
include Henkel, Dow Chemical Company and H.B. Fuller. “United States Automotive Adhesives Market Forecast &
Opportunities, 2019” report elaborates following aspects related to automotive adhesives market in the United States:
US Automotive Adhesives Market Size, Share & Forecast
Segmental Analysis – Epoxy, Polyurethane, Acrylic, etc.
Policy & Regulatory Landscape
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations

3. Ta b l e o f C o n t e n t s
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S.No Title Page No.
1. Research Methodology 9
2. Analyst View 10
3. Global Adhesives Market Overview 11
4. US Automotive Adhesives Market Analysis 12
4.1. Market Size & Forecast
4.1.1. By Value 18
4.1.2. By Volume 19
4.2. Market Share & Forecast
4.2.1. By Polymer Type 27
4.2.2. By Application 31
4.2.3. By Technology 37
4.2.4. By Company 42
4.2.5. By Region 47
5. US Automotive Epoxy Adhesives Market
5.1. Market Size & Forecast 51
5.1.1. By Volume 55
5.2. Market Share & Forecast
5.2.1. By Application 56
6. US Automotive Polyurethane Adhesives Market 58
6.1. Market Size & Forecast
6.1.1. By Volume 61
6.2. Market Share & Forecast
6.2.1. By Application 66

4. Ta b l e o f C o n t e n t s
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S. No. Title Page No.
7. US Automotive Acrylic Adhesives Market 68
7.1. Market Size & Forecast
7.1.1. By Volume 71
7.2. Market Share & Forecast
7.2.1. By Application 72
8. Market Drivers & Challenges 74
9. Market Trends & Developments 79
9.1. Vehicle Lightweighting 80
9.2. Crash Durable Adhesives 82
9.3. Plastics & Composites 84
9.4. Electric Vehicles (EVs) 86
9.5. Repair & Aftermarket 88
10. Policy & Regulatory Landscape 90
11. United States Economic Profile 91
12. Competitive Landscape 93
12.1. Henkel North America 94
12.2. The Dow Chemical Company 97
12.3. H.B. Fuller Company 99
12.4. 3M Company 101
12.5. Sika Corporation US 103
12.6. EMS-EFTEC 105

5. Ta b l e o f C o n t e n t s
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S. No. Title Page No.
12.7. Bostik US 107
12.8. PPG Industries 109
12.9. Avery Dennison Corporation 111
12.10. Tesa USA 113
13. Strategic Recommendations 115
14. About Us & Disclaimer 121

6. L i s t o f F i g u r e s
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Figure No. Title Page No.
Figure 1: Global Adhesives Market Share, By Region, By Value, 2012 11
Figure 2: World Motorization Rate, By Number of Vehicles per 1000 People, 2012 13
Figure 3: Global Population and Vehicle Parc, 2000-2030 (Billions) 14
Figure 4: US Light Vehicle Production, By Volume, 2009-19F (Million Units) 15
Figure 5: US Automotive Adhesive Consumption, By Value, 2009-19F (USD per Vehicle) 16
Figure 6: US Automotive Adhesive Consumption, By Volume, 2009-19F (Tons per Vehicle) 17
Figure 7: US Automotive Adhesives Market Size, By Value, 2009-19F (USD Million) 18
Figure 8: US Automotive Adhesives Market Size, By Volume, 2009-19F (Thousand Tons) 19
Figure 9: US Adhesives Market, Adhesives Material Cost Index and Resin PPI, 2005-12 20
Figure 10: US Crude Oil Price per Barrel, 2007-12 (USD) 20
Figure 11:
US Automotive Adhesive Consumption (Kilogram), By Vehicle Type per Unit in 2011 &
Estimated Additional Penetration (%) by 2015
21
Figure 12: Adhesive Vs. Other Joining Techniques, Costing Analysis (Lbf.|USD) 22
Figure 13: US Government Plan, Fuel Economy Standards, 2025 24
Figure 14: US Light Vehicles Sales and Growth, 2009-13 (Million Units) 25
Figure 15: US Light Vehicles Production and Growth, 2009-13 (Million Units) 25
Figure 16: US Automotive Adhesives Market Share, By Polymer Type, By Volume, 2013 28
Figure 17: US Automotive Adhesives Market Share, By Polymer Type, By Volume, 2019F 28
Figure 18: US Automotive Adhesives Market Share, By Application, By Volume, 2013 33
Figure 19: US Interior Trim Adhesives Market Share, By Application, By Volume, 2013 33
Figure 20: US Automotive Adhesives Market Share, By Application, By Volume, 2019F 36
Figure 21: US Automotive Adhesives Market Share, By Technology, By Volume, 2013 38
Figure 22: US Automotive Adhesives Market Share, By Technology, By Volume, 2019F 38
Figure 23: US Automotive Adhesives Market Share, By Company, By Value, 2013 43
Figure 24: US Automotive Adhesives Market Share, By Company, By Value, 2019F 44

7. L i s t o f F i g u r e s
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Figure No. Title Page No.
Figure 25: US Adhesives Market Share, By Region, By Value, 2013 47
Figure 26: US Automotive Industry Market Share, By Auto Manufacturers, By Sales, 2013 48
Figure 27: US Top 15 Auto Plants, By Region, By Capacity, 2012 (Number of Units/Year) 49
Figure 28: US Automotive Adhesives Market Share, By Region, By Value, 2013 & 2019F 50
Figure 29: Change in Epoxy Adhesive Behaviour with Temperature 54
Figure 30: US Automotive Epoxy Adhesives Market Size, By Volume, 2009-19F (Thousand Tons) 55
Figure 31: US Automotive Epoxy Adhesives Market Share, By Application, By Volume, 2013 57
Figure 32: US Automotive Epoxy Adhesives Market Share, By Application, By Volume, 2019F 57
Figure 33:
US Automotive Polyurethane Adhesives Market Size, By Volume, 2009-19F (Thousand
Tons)
61
Figure 34: US Automotive Polyurethane Adhesives Market Share, By Application, By Volume, 2013 66
Figure 35:
US Automotive Polyurethane Adhesives Market Share, By Application, By Volume,
2019F
67
Figure 36: US Automotive Acrylic Adhesives Market Size, By Volume, 2009-19F (Thousand Tons) 71
Figure 37: US Automotive Acrylic Adhesives Market Share, By Application, By Volume, 2013 72
Figure 38: US Automotive Acrylic Adhesives Market Share, By Application, By Volume, 2019F 73
Figure 39:
Exterior Plastic Automotive Parts, Estimated Volume, By Application Area, 2009-13
(Tons)
85
Figure 40: Henkel Global Sales, By Business Unit, 2013 95
Figure 41: Henkel Global Sales, By Region, 2013 95
Figure 42: Henkel Global Revenue Share from Adhesives, By Application, 2013 95
Figure 43: Henkel US Manufacturing Sites, By Region, 2013 96
Figure 44: Dow Global Sales & Income, 2010-12 (USD Million) 98
Figure 45: Dow Global Sales, By Business Unit, 2013 98
Figure 46: Dow Net Revenue Share, By Region, 2012 & 2013 98
Figure 47: H.B. Fuller Global Revenue & Gross Profit, 2011-13 (USD Million) 100

8. L i s t o f F i g u r e s
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Figure No. Title Page No.
Figure 48: H.B. Fuller Global Sales, By Business Unit, 2013 100
Figure 49: H.B. Fuller Net Revenue Share, By Segment, 2012 & 2013 100
Figure 50: 3M Company Net Sales, 2009-13 (USD Billion) 102
Figure 51: 3M Company Net Revenue Share, By Region, 2013 102
Figure 52: Sika Global Sales Share, By Region, 2013 104
Figure 53: EMS Group Global Net Sales Revenue, 2010-12 (CHF Million) 106
Figure 54: EMS Group Net Sales Share, By Country, 2012 106
Figure 55: Bostik Global Sales Share, By Segment, 2011 108
Figure 56: Bostik Global Sales Share, By Region, 2011 108
Figure 57: PPG Industries Sales Share, By Business Segments, 2012 110
Figure 58: PPG Industries Sales Share, By Region, 2012 110
Figure 59: Avery Dennison Net Sales, 2011-13 (USD Billion) 112
Figure 60: Avery Dennison Sales Share, By Region, 2012 112
Figure 61: Tesa SE Net Sales, 2010-13 (Euro Million) 114
Figure 62: Tesa SE Sales Share, By Unit, 2013 114
Figure 63: Tesa SE Sales Share, By Region, 2013 114

9. L i s t o f Ta b l e s
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Table No. Title Page No.
Table 1: US Federal Grants, Automotive Sector, 2013 23
Table 2: Types of Automotive Adhesives, Description 27
Table 3: Automotive Adhesives, Essential Properties, By Polymer Type 29
Table 4: US Adhesive Company Average Cost Structure, 2005-11 42
Table 5: Properties of Epoxy Adhesives 54
Table 6: Comparison between One-component and Two-component Polyurethane Adhesives 63
Table 7: Automotive Polyurethane Adhesives, Applications in Automotive 65
Table 8: Automotive Acrylic Adhesives, Applications 72
Table 9: US Average Material Content of Light Vehicles, By Weight, 2009-12 (lbs.) 81
Table 10: Crash Resistant Automotive Adhesive Properties, By Type 83
Table 11: US Government Initiatives to Support Electric Vehicles, 2013 87
Table 12: Sika AG Net Sales, 2012-13 (USD Million) 104
Table 13: EMS Group Financial Highlights, 2013 106
Table 14: PPG Industries Financial Highlights, 2012 110

10. R e s e a r c h M e t h o d o l o g y
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Product Definition :
TechSci Research has covered and considered automotive adhesives as substrates that are used in automotive sector to bond
two or more auto components, parts or any other body fames. These are used as a replacement for mechanical fasteners and
are useful in lightweighting the vehicle. The report covers epoxy, polyurethane and acrylic automotive adhesives for the data
presented in the report.
Baseline Methodology :
For the study, TechSci Research has gathered information through primary research surveys with 14 respondents from
different producers and distributors of automotive adhesives across the United States, followed by counter validating the
information by analysing best available financial data of these companies. We also put through exhaustive search of credible
paid databases such as Hoovers, Factiva, Bloomberg etc., including our internal database. Our team of analysts have then
prudently evaluated all the collected information and personated them in a chronological order to depict a meaningful and clear
picture of adhesives market in the United States.
While compiling the data we have also cross checked all the collected information from multiple sources and data warehouses,
so that we can present the most accurate and precise information of the concerned industry.
Sources :
Company Annual Reports, Bloomberg, Factiva, UN Comtrade.
Challenges :
The team faced challenges while extracting precise statistics about the sales in each segment, as limited information was
available for different segments of automotive adhesives such as epoxy, PU and acrylic.
10

11. S a m p l e D a t a - S n a p s h o t
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20
30
40
50
60
10
20
30
40
50
60
2009 2010 2011 2012 2013 2014E2015F2016F2017F2018F2019F
Figure 7: US Automotive Adhesives Market Size, By Value, 2009-
19F (USD Million)
20
30
40
50
60
70
20% 20%
25%
20% 20%
25%
0%
5%
10%
15%
20%
25%
30%
0
10
20
30
40
50
60
70
80
Bus Truck Dry Good
Trailer
RV Rail Auto/
SUV
Figure 11: US Automotive Adhesive Consumption (Kilogram), By
Vehicle Type per Unit in 2011 & Estimated Additional
Penetration (%) by 2015
Epoxy
25%
Polyurethane
Acrylic
25%
Others
25%
Figure 16: US Automotive Adhesives Market Share, By Polymer Type, By Volume, 2013 &
2019F
Wash
ingto
n DC
M
D
D
E
N
J
R
I
Figure 28: US Automotive Adhesives Market Share, By Region, By
Value,
2013 & 2019F
Epoxy
25%
Polyurethane
25%
Acrylic
25%
Others
25%
Laund
ry &
Home
care
25%
Adhesive
Technolo
Beaut
y Care
25%
Corpora
Figure 40: Henkel Global Sales, By Business
Unit, 2013
North
Americ
a
20%
Wester
n
Europe
20%
Japan/
Australi
a/ New
Emergi
ng
Corpor
ate
20%
Figure 41: Henkel Global Sales, By
Region, 2013
20
30
40
50
60
10
20
30
40
50
60
2009 2010 2011 2012 2013 2014E 2015F 2016F 2017F 2018F 2019F
Figure 30: US Automotive Epoxy Adhesives Market Size, By Volume,
2009-19F (Thousand Tons)

12. R e p o r t O r d e r i n g
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Report Name: United States Automotive Adhesives Market Forecast & Opportunities,
2019
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13. A b o u t U s & D i s c l a i m e r
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