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The Automotive Adhesives Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Automotive Adhesives is the increasing demand for Automotive Adhesives in various industries.
This report on the Automotive Adhesives Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Automotive Adhesives Market. The report intends to present a thorough analysis of the Automotive Adhesives Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Automotive Adhesives Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Automotive Adhesives Market are-
• Arkema Group
• DuPont
• Huntsman Corporation
• Henkel AG & Co. KGaA
• H.B. Fuller Company
• Sika AG
• The 3M Company.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Automotive Adhesives market value and growth drivers over the trend period of 2022-27. According to the report -
Automotive Adhesives market is likely to witness an impressive CAGR of 5.5% during the forecast period. The ability of adhesives to reduce vehicle weight, increase fuel efficiency, and lower carbon emissions is the key factor driving the demand for automotive adhesives, globally.
Segment Analysis:
Based on by Vehicle Type:
Based on the vehicle type, the market is segmented as passenger car, LCV, truck, buses, and aftermarket. The passenger car segment held the largest share of the market in 2021, and is expected to remain dominant during the forecast period. Increasing production of electric vehicles is expected to drive the growth of this segment during the forecast period.
Based on Regional:
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing automotive adhesives market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as body in white, paint shop, assembly, and powertrain, which is generating huge demand for automotive adhesives and the presence of a large number of automotive adhesive manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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