Automotive Adhesives Market Size and Growth Forecast Report 2020

1. Market Overview: Automotive adhesives act as bonding agents in the automotive markets to make cars lighter and more robust. These are made by the blends of resins, additives, and artificial rubber elastomers to enhance its characteristics depending on end-use applications. Presently, automakers use aluminum and composites to weld auto parts together, but they cannot hold body parts together at high pressure and speed. Automotive adhesives possess high strength; therefore, they are broadly employed in this application. They are replacing conventional joining techniques that include bolting, welding, and riveting. The global automotive adhesives market will rise from a worth of USD 490 billion in 2020 to an expected USD 8.07 billion in 2025, with a CAGR of 8% for the 2020-2025 forecast period. Market drivers and restraints: Automotive adhesives have sped up their production in the world market. They can be applied to the production line to reduce time and price together. It is estimated that the consumption of the automotive adhesives per vehicle may escalate in the future years. Furthermore, they improve performance and fuel efficiency of the cars, driving the global market. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/automotive-adhesives-market Report segmented as: By application: Powertrain body-in-white assembly paint shop By vehicle: trucks passenger vehicles LCV Buses others By resin: polyamide acrylic polyurethane silicone epoxy SMP

2. others Geographical analysis: On the basis of geography, global automotive adhesives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific holds the biggest share in the global market. China and Japan are major manufacturing centers in Asia Pacific and may continue to play a major role in the global automotive adhesives market. Important market players: Some of the key players leading the world automotive adhesives market are Hindustan Adhesives Limited, Sika AG, 3M Company, Bayer, Ashland Specialty Chemical Company, The Dow Chemical Company, H.B. Fuller Company, BASF, and Henkel. Other key players influencing the global market include ExxonMobil Chemical Company, Hexion Specialty Chemicals, Covalence Adhesives, Dynea International Oy, and Forbo Adhesives Switzerland. View a sample and decide: https://www.marketdataforecast.com/market-reports/automotive-adhesives-market/request- sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626

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