According
to the report by Grand View Research, Inc., the Automotive
Adhesives Market is poised to rise to a valuation of USD 6.5 billion at
an estimated CAGR of 4.4 % by 2025. Growing demand for lightweight and low
carbon-emitting vehicles is likely to drive the demand for automotive adhesives
in the forecast period.
In
addition, technological advancements in the end-use industries and high demand for
automotive adhesives in Asia-Pacific region are expected to drive the demand
for the market in the years to come. The surge in the use of average adhesive
volume with the rising difficulty in the design of vehicles is also propelling
the development of the automotive adhesives.
On
the other hand, fluctuating prices and the supply and demand gap in raw
materials are anticipated to hinder the market growth in the forecast period.
Furthermore, high growth markets in developing countries and growing demand for
green, low Voc, and sustainable adhesives will create new opportunities for
automotive adhesives in the forthcoming period.
In
2017, Huntsman Corporation declared that they would showcase high-performance
products designed to report automotive trials at the society. H.B. Fuller
Company declared partnership with Royal Adhesives and Sealants, in order to concentrate
and grow in engineering adhesives and other market sectors.
In
addition, Henkel, a major company in the adhesive industry started a global invention
center for its adhesive technologies. DELO industries (Klebstoffe GmbH &
Co. KGaA) industrial adhesives, also a major company in the adhesives market
has established a novel adhesive that can achieve three times the strength at elevated
temperatures.
The
current research in adhesive industries demonstrates that merging Polyurethane
(PU) components with distinct molecular weights has led to an alteration in the
adhesive characteristics of adhesives. This study will lead to a lot of
inventions in the market and is anticipated to bring numerous opportunities in
the market in the forthcoming period.
Geographically,
North America and Europe are anticipated to observe slow development rate
compared to other regions. North America as well as Europe are the saturated
regions for automotive adhesives and are estimated to expand at a low CAGR in
the years to come.
Leading
players effective in the automotive adhesives market include Bostik, 3M, H.B.
Fuller, Wacker Chemie AG, Sika AG, and Henkel, among other regional players.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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