Passenger Car Adhesives Market Analysis, Key Players, Challenges, Segmentation and Forecasts to 2027
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North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and The Middle East and Africa
Major players analyzed include Henkel & Co., KGaA, Bostik S.A, 3M, DOW Chemical, Sika AG, H.B. Fuller, PPG Industries, Illinois Tool Works Corp, and Jowat AG.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Rise in demand for lightweight and low-carbon emitting vehicles and technological advancements in adhesives from end-use industries drive the growth of the global market. However, instability in prices of raw materials is expected to hamper the growth of the market. On the contrary, increase in demand for low volatile organic compounds (VOCs), green and sustainable adhesives provides lucrative opportunity for the market growth.
The global passenger car adhesives market trends are as follows:
Rise in the demand for lightweight and low-carbon emitting vehicles
Severe emission discharge control norms and regulations regarding low-carbon emitting vehicles have compelled manufacturers to take measures for reducing vehicle weight significantly; thereby, boosting the demand for lightweight vehicles. Vehicle weight can be reduced by considerably using adhesives that are used to bind together the frame of the vehicle and increase the toughness of the front & rear lateral body. Therefore, rise in demand for lightweight and low-carbon emitting vehicles boosts the growth of the automotive passenger car adhesives market.
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Key benefits of the report:
1 This study presents the analytical depiction of the automotive passenger car adhesives industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with challenges of the market.
3 The current market is quantitatively analyzed from 2019 to 2027 to highlight the automotive passenger car adhesives market growth scenario.
4 It is also determined that adhesives will remain a significant revenue shareholder in the market during the forecast period.
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