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Automotive Adhesives Market is expected to witness momentous gains during 2019 – 2025 | Key players are 3M, The DOW Chemical Company, Bostik, Sika, PPG Industries, Solvay

12-02-2019 10:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Automotive Adhesives Market

Automotive Adhesives Market

Electric vehicle market sales are projected to surpass 10.5 million units by 2025 which may boost automotive adhesives market size. Increasing demand for electric vehicles owing to rapid decline in hydrocarbon reserves and rising carbon dioxide emissions will favour industry growth. These adhesives are used in sealing car accessories which for binding car consoles, dashboards, speedometers and electric components, thus driving product demand.

Adhesives are employed at assembly line in linking car parts including x crankshaft linking to engines. It is also applied in x non-load bearing body parts linking like battery holders & tin shades. Interior applications include tray systems, safety systems and seating systems. These adhesives can be applied with high speed on production line which results in savings and cost reduction thus, driving automotive adhesives market.

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North America led by Canada, Mexico and the U.S. automotive adhesives market size is anticipated to boost due to rising passenger cars sales. Total passenger car sales in 2018 for North America was 7.5 million units which may foster industry size. Presence of major car manufacturer like Ford, Chrysler, General Motor and Tesla focussing on fuel efficient vehicles along with increasing product usage in passenger car assembling owing to its lightweight characteristics will drive regional industry growth.

Europe driven by UK, Spain, Italy, France and Germany automotive adhesives market share is anticipated to boost owing to its noise reduction and structural stabilizing properties. Luxury car manufacturers use these products in cockpit, clips/retainers, emblems and headlamps for increasing stability and provide aesthetic finish to automobile. These factors may propel product demand by 2025.

Reasons to Buy This Report:

1. Automotive Adhesives Market size & share forecast by Technology & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Automotive Adhesives Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

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Global automotive adhesives market share is moderately fragmented with major players includes 3M Company, Henkel & Co. KGaA, The DOW Chemical Company, Bostik S.A., Sika AG, H.B. Fuller, Illinois Tool Works Corporation, PPG Industries, Jowat AG, and Solvay S.A. The automobile manufacturers are more focussed on expansion in India, China and Japan due to growing product demand which may stimulate the market size.

Key manufacturers are also focusing on capacity expansion and product innovation to cater rising demand. In February 2016, Henkel Anand, which is a joint venture between Anand Group and Germany based giant Henkel is planning to expand its production capacity of adhesives & sealants plant in India. The new manufacturing unit will be operational by 2018 which will cater automotive business unit.

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Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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