Automotive Adhesives Market to 2021 – Growing Steady at 8.5% CAGR and Projected to Reach US$ 6.05 Billion

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The Global Automotive Adhesives Market is estimated to reach US$ 6.05 Billion by 2021, at a CAGR of 8.5% between 2016 and 2021. Currently, the trend of making lightweight and fuel-efficient vehicles is encouraging the use of aluminum and other materials to decrease the weight of vehicles, which is boosting the use of adhesives in automobiles.

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Top Key Players in the “Automotive Adhesives Market” include are
• Henkel AG & Company (Germany)
• Bostik SA (France)
• H.B. Fuller (U.S.)
• 3M Company (U.S.)
• The Dow Chemical Company (U.S.)
• Sika AG (Switzerland)
• PPG Industries Inc. (U.S.)
• Illinois Tool Works Corporation (U.S.)

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Automotive adhesives are used in various applications. Body in white, paint shop, power train, and assembly are the main applications considered in the report. Globally, body in white application held the largest share of the automotive adhesives market, in terms of volume, in 2015. Better toughness, enhanced strength, and reduced weight are achieved using automotive adhesives in body in white. The assembly application segment is estimated to grow at the highest CAGR between 2016 and 2021 in all applications considered.

Asia-Pacific is the fastest-growing market for automotive adhesives, in terms of both value and volume. High economic growth rate, growing purchasing power, developing infrastructure, increasing demand from end-use industries, and global shift in production capacity from developed markets to emerging markets are the major factors leading to the growth of the automotive adhesives market in this region.

Research Coverage:
This report covers the automotive adhesives industry, in terms of both value and volume, and forecasts the market size till 2021. It includes market segmentation based on resin type, application, vehicle type, and region. The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analyses, recent developments, and key growth strategies.

Target Audience:
• Raw Material Suppliers
• Automotive Adhesives Manufacturers
• Investment Research Firms
• Traders, Distributors, and Suppliers of Automotive Adhesives
• Regional Manufacturers’ Associations and General Adhesives and Sealants Associations
• Government and Regional Agencies and Research Organizations

Reasons to buy this report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenues for the overall automotive adhesives industry. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable market strategies.

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