Market Overview - The China automotive adhesives market is projected to grow from USD 574.03 million in 2024 to USD 737.4 million by 2030, at a CAGR of 4.2% [1][3][14] - The market plays a significant role in the broader adhesives market in China, with a notable contribution to overall growth [3] Key Market Drivers - Increasing vehicle production and the adoption of lightweight materials are primary drivers of market growth, as automakers seek to improve fuel efficiency and reduce emissions [4][7] - Government initiatives promoting domestic production and technological innovation are enhancing the competitiveness of Chinese automakers [5][6] Market Trends - There is a growing emphasis on lightweighting in the automotive industry, leading to increased demand for high-performance adhesives that can bond lightweight materials [11][12] - The shift towards lightweight vehicles is driven by sustainability goals and the need for reduced carbon emissions [11][12] Key Market Players - Major players in the market include Henkel, H.B. Fuller, 3M China, and Sika China, among others [1][16] Market Challenges - The complexities associated with high performance and durability requirements for automotive adhesives present challenges, as they must withstand harsh operating conditions [10]
China Automotive Adhesives Market Forecast & Opportunities Report 2030: China's Auto Adhesives Industry Booms Amid Sustainability Push & Rising EV Production
Globenewswireยท2025-03-11 14:22