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Automotive Adhesives Market 2020: Industry growth, competitive analysis, future prospects and forecast 2025

02-13-2020 11:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Automotive Adhesives Market

Automotive Adhesives Market

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.

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Automotive Adhesives Market size is anticipated to grow owing to its wide usage in vehicle parts binding for high strength and mechanical stability. Composite materials are utilized in automotive vehicles in order to decrease weight and increase fuel efficiency.

These products have usage in binding and composite components sealing application. It is also used as a potential alternative to welding owing to low presence of metallic components in low weight passenger vehicles. Global passenger car market is projected to surpass USD 1.5 trillion by 2023 which may foster automotive adhesives market growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

o 3M Company
o Henkel & Co. KGaA
o The DOW Chemical Company
o Bostik S.A.
o Sika AG
o H.B. Fuller
o Illinois Tool Works Corporation
o PPG Industries
o Jowat AG
o Solvay S.A.

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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.

Stringent government regulations by European Union pertaining to motor vehicle safety have shifted manufacturer focus towards developing safe passenger vehicles structure. These adhesives provide high robustness and structural stability owing to its stiffness and durability which ultimately results in better handling and safety, thus propelling industry growth.

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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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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