The automotive adhesives market will reach at an estimated value of USD 45.06 billion and grow at a rate of 8.00% for the forecast period of 2021 to 2028. Increasing demand for lightweight and low carbon emitting vehicles is a vital factor driving the growth of automotive adhesives market. Adhesives are the most versatile bonding agents available today and are used by automakers to make cars lighter and tougher. Adhesives are made from precise blends of synthetic rubber elastomers, resins and agents or additives used to enhance certain characteristics, depending on the end use.
Automotive Adhesives Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis.
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Market Insights and Scope
Growing demand from the automotive industry in Asia Pacific is the vital factor escalating the market growth, also rising technological advancements in automotive adhesives, rising demand for lightweight and low-carbon emitting vehicles, increasing demand for automotive adhesives from APAC and rising technological advancements in adhesives for end-use industries and are the major factors among others driving the automotive adhesives market. Moreover, rising demand for low VOC, green, and sustainable adhesives and rising research and development activities in the market will further create new opportunities for the automotive adhesives market in the forecast period of 2021- 2028. However, rise in raw material prices and increasing effect of recession on end-use industries are the major factors among others acting as restraints, and will further challenge the growth of automotive adhesives market in the forecast period mentioned above.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Chemical and Materials industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The automotive adhesives market is segmented on the basis of resin type, technology, application and vehicle type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on resin type, the automotive adhesives market is segmented into polyurethanes, epoxy, acrylics, silicone, SMP, polyamide and others.
- On the basis of technology, the automotive adhesives market is segmented into hotmelt, solvent based, water based, pressure sensitive, and others.
- Based on application, the automotive adhesives market is segmented into body in white, power train, paint shop and assembly.
- The automotive adhesives market is also segmented on the basis of vehicle type into passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
Market Country Level Analysis
· The countries covered in the automotive adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Industry Share Analysis
The major players covered in the automotive adhesives market report are 3M, Bostik, Ashland, BASF SE, Bemis Associates Inc, DuPont, Covestro AG, EMS-CHEMIE HOLDING AG, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC., Illinois Tool Works Inc., Permatex, LORD Corporation, NITTO DENKO CORPORATION, Royal Adhesives & Sealants, RPM International Inc., Dow, ThreeBond Holdings Co. and Wacker Chemie AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Automotive Adhesives Market Report Answers the Following Questions:
- What is the current size of the Automotive Adhesives Market?
- What are the key drivers and challenges for the Automotive Adhesives Market?
- What are the different types of Automotive Adhesives Market?
- What are the leading companies operating in the Automotive Adhesives Market?
- What is the future outlook for the Automotive Adhesives Market?
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