Press release
Global Automotive Adhesives and Sealants Market is projected to display a moderate CAGR of 4.6% during the period of forecast 2022-2032
Now-a-days, latest technologies like AI, machine learning and IoT are playing huge role in the chemical industry leading to cost-effective and streamlined manufacturing processes. Persistence Market Research (PMR) has covered all these tech advances in its latest analysis and market outlook.
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Due to the environmental concerns about the emissions of greenhouse gases from automobiles, there is a trend to produce lightweight automobiles. This is because a reduction in the weight of the vehicle results in fuel savings and also helps in the reduced emission of carbon dioxide and other greenhouse gases. To attain this aim of producing lightweight vehicles, automobile manufacturers are concentrating on producing different types of thermoplastic elastomers. In addition, manufacturers are not getting an easy access to petroleum based products due to the popularity of shale gas, due to which there is a supply uncertainty of raw materials across the world due to a shift from naphtha to natural gas. Moreover, the stringent government rules regarding the use of bio-based adhesives are expected to influence the global Automotive Adhesives and Sealants Market in a positive manner.
A new report delivered by Persistence Market Research titled 'Automotive Adhesives and Sealants Market: Global Industry Analysis 2012-2016 and Forecast 2017-2026' studies the performance of the global automotive adhesives and sealants market over a nine year assessment period which starts from the year 2017 and ends in the year 2026. The report presents the forecast by value of the global automotive adhesives and sealants market and provides valuable information regarding the market dynamics such as drivers, restraints, opportunities and trends. As per the assessment of Persistence Market Research, the global automotive adhesives and sealants market was estimated to be valued at nearly US$ 4,600 Mn at the end of the year 2017 and is poised to reach a valuation of nearly US$ 6,500 Mn at the end of the forecast period in 2026, and in the process display a CAGR of 4.0% during 2017-2026.
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The polyurethane segment in the product type category of the global automotive adhesives and sealants market is the largest in terms of value and is slated to display a CAGR of 3.5% during the period of forecast. The polyurethane segment is anticipated to reach a market valuation of nearly US$ 1,400 Mn at the end of the period of forecast.
Some of the top companies that have been included in this section are
• 3M
• Henkel AG & Co. KGaA
• PPG Industries
• Inc.
• BASF SE
• The Dow Chemical Company
• Jowat SE
• Permabond LLC
• Hernon Manufacturing Inc.
• Evonik Industries AG and Delo
Read more@ https://www.persistencemarketresearch.com/market-research/automotive-adhesives-and-sealants-market.asp
Related Reports
• Holographic Films Market- https://www.persistencemarketresearch.com/market-research/holographic-films-market.asp
• Produced Water Treatment Systems Market- https://www.persistencemarketresearch.com/market-research/produced-water-treatment-systems-market.asp
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