Global Automotive Adhesives Market is valued approximately USD 7.7 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.70 % over the forecast period 2019-2026. Automotive adhesive is a bonding material used to attach or join two parts or components with each other. These adhesives have wide applications in the automotive industry owing to its rapid and robust bonding quality between parts or components, ability to reduce vehicle weight lower carbon emission, increase fuel efficiency. Adhesives are used in automotive industry to assemble metal, rubber, plastics, glass, plastics and several other materials throughout the manufacturing of automobiles.
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Major market player included in this report are:
Henkel & Co. KGaA, Sika AG, 3M Company, Dupont (Dowdupont), H.B. Fuller, Bostik S.A., Huntsman International LLC., Ashland PPG Industries, Illinois Tool Works Corporation
In addition, these adhesives also assist in preventing the entrance of dirt and water in the car body shell and thus help in improving body stiffness, toughness and improved crash performance. Further, growing demand for lightweight and low carbon emitting vehicles, high demand for automotive adhesives from emerging economies has led the adoption of Automotive Adhesives across the forecast period. Also, with the increasing investment in EV, the adoption & demand for Automotive Adhesives is likely to increase over the forecast period. However, volatility in raw material prices impedes the growth of the market over the forecast period of 2019-2026.
The regional analysis of global Automotive Adhesives market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the growing production of passenger vehicles coupled with technology innovation. Further, with economic contraction and saturation in North America and Europe, manufacturers of adhesives are shifting their manufacturing base to APAC. This would create lucrative growth prospects for the Automotive Adhesives market across Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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Body in white
Based on vehicle type:
Rest of the World
Name: Sameer Joshi
Email: [email protected]
Organization: Premium Market Insights
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