'Automotive adhesive' presentation slideshows

Global Automotive Adhesive and Sealants Market is Estimated to Reach 2,217 Kilo Tons by 2024, Says Variant Market Resear

Global Automotive Adhesive and Sealants Market is estimated to reach 2,217 kilo tons by 2024; growing at a CAGR of 6.4% from 2016 to 2024. A sealant is a sticky material which penetrates by capillary act into a substrate where it is functional and provides a block to air, liquids, dust, and others, from crossing from one substrate to another. They are corrosion resistant, have adhesion and are insoluble in most media.

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Global automotive adhesive and sealants market Size, Share, Analysis and Forecast to 2024

The global automotive adhesive & sealants market is expected to reach USD 13.6 billion by 2024, owing to increasing concerns about greenhouse gas emissions and fuel consumption that is projected to bolster the demand of adhesive and sealants in passenger as well as commercial vehicles. It is considered that approximately 5% to 8% of fuel is saved when the weight of the automobile is reduced. Additionally, the decreased weight of the automobile assists in managing the CO2 emission from the vehicles during its complete life span. Moreover, automobile manufacturers are concentrating majorly upon automotive constituents that are developed from thermoplastic elastomers to upgrade automobiles performance and manufacture vehicles that are lightweight.

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The global automotive adhesives and sealants market is expected to reach USD 13.6 billion by 2024 and is also expected to witness CAGR of 6.1% during the forecast period 2018 u2013 2024. It has been observed that automobile manufacturers are majorly concentrating upon automotive constituents that are developed from thermoplastic elastomers to upgrade automobiles performance and manufacture vehicles that are lightweight.

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