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Automotive Adhesives Market Size 2021 by Top Key Players and Application with Trend and Growth by: Sika AG (Switzerland), The Dow Chemical Company (U.S.), Bayer (Germany)

Automotive Adhesives Market

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Toronto, Canada: – The report titled Global “”Automotive Adhesives Market”” report gives a proper understanding of worldwide industry. Furthermore it also cover-up forecast and analysis for Automotive Adhesives market on the global and regional level. The report analyses Automotive Adhesives market on basis of its attractiveness and investment feasibility. It also presents proper description of every section and emerging industry trends. This will allow the readers to target Automotive Adhesives market product specifications, current competitive players in Automotive Adhesives market and the market revenue with profitability. Global Industry Analyze Automotive Adhesives Market by its type, competitive players, regions and applications of Automotive Adhesives market, forecast up to 2026.

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Top Key players cited in the report: Sika AG (Switzerland), The Dow Chemical Company (U.S.), Bayer (Germany), Henkel (Germany), BASF (Germany), 3M Company (U.S.), Ashland Specialty Chemical Company (U.S.), H.B. Fuller Company(U.S.), Hindustan Adhesives Limited (India), ExxonMobil Chemical Company (U.S) , Dynea International Oy (Finland) , Forbo Adhesives Switzerland (Switzerland), Hexion Specialty Chemicals (U.S) and Covalence Adhesives (U.S.)

Global Automotive Adhesives Market

Adhesives and sealants are the most versatile bonding agents used to make cars lighter and tougher. Adhesives are made from precise blends of resins and agents, additives used to enhance certain characteristics, depending on the end use. In automotive market, adhesives are used to manufacture engines, body components, gear boxes, safety systems, seat systems and sub-assemblies. It also helps to cut down on noise, vibration and other harshness characteristics. The global automotive adhesive market is expected to expand at a CAGR of 5.4%, leading to global revenue of USD 5.45Bn by 2023.
The automotive adhesive market is segmented based on type of resin (polyurethane, epoxy, acrylic, silicone, silyl modified polymer, polyamide and others), technology (hot melt, water based, solvent based, pressure sensitive), vehicle (passenger vehicle, light commercial vehicle, heavy commercial vehicle) and applications (white body, power train, paint shop). Asia-Pacific is the fastest growing region for the automotive adhesives industry due to growing demand in South Korea, Japan, Malaysia, Vietnam, China, Australia and India.

Key growth factors

The growth of the automotive adhesives market is driven by strong vehicle sales, technological advancements in manufacturing of automobiles, adoption of smart cars, rise in demand for sports utility vehicle and crossover utility vehicles. More stringent regulations concerning carbon dioxide emissions drives demand for light weighting of vehicles, Improvement in fuel efficiency of automobiles and providing enhanced performance are key driving factors behind the advancement of adhesives in the automotive industry. Water based adhesives are gaining a distinction in the adhesives market for being environment friendly. Also, silicone based adhesives are being developed because of their diverse characteristics in applications.

What’s covered in the report?

1. Overview of the global KEYWORD market
2. Market drivers and challenges in the global KEYWORD market
3. Market trends in the global KEYWORD market
4. Historical, current and forecasted market size data for the global KEYWORD market
5. Historical, current and forecasted market size data for the deployment segment which includes cloud, on-premises and hybrid
6. Historical, current and forecasted market size data for the component segment which includes integrated solutions, standalone solutions and services
7. Historical, current and forecasted market size data for the end user industry verticals segment which includes software and technology, media, BFSI, healthcare, and others
8. Historical, current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) market size data for KEYWORD market
9. Analysis of the global KEYWORD market by value chain
10. Analysis of the competitive landscape and profiles of major competitors operating in the market

Why buy?

1. Understand the demand for KEYWORD to determine the viability of the market
2. Determine the developed and emerging markets for KEYWORD
3. Identify the challenge areas and address them
4. Develop strategies based on the drivers, trends and highlights for each of the segments
5. Evaluate the value chain to determine the workflow
6. Recognize the key competitors of this market and respond accordingly
7. Knowledge of the initiatives and growth strategies taken by the major companies and decide on the direction of further growth

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