Automotive Adhesives are a lightweight method of joining composites and plastic materials in automotive. Automotive Adhesives are majorly used in construction of automotive interior parts and electronics.
One of the key drivers for the growth of automotive adhesives market is the increase in demand of lightweight and Low Carbon Emitting Vehicles which encourages the use of materials such as aluminium for decreasing the weight of automotive, which leads to use of Automotive Adhesives. The technological advancements in manufacturing of automobiles and the adoption of smart cars is also driving the use of Automotive Adhesives. The increase in use of average adhesive volume with the increasing complexity in design of vehicles is also driving the growth of the market. However, the growth of this market is expected to be restrained by huge volatility in the prices of raw materials.
The key players of Automotive Adhesives market are The Dow Chemical Company (U.S.), Henkel (Germany), BASF (Germany), 3M Company (U.S.), Ashland Specialty Chemical Company (U.S.), H.B. Fuller Company(U.S.), Hindustan Adhesives Limited (India), Dynea International Oy (Finland), Hexion Specialty Chemicals Inc. (U.S) Covalence Specialty Adhesives LLC (U.S.) and others
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Study Objectives of Automotive Adhesives Market:
To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Automotive adhesives market.
To provide insights about factors affecting the market growth
To Analyse the Global Automotive adhesives market based on various factors such as supply chain analysis, and Porter’s five force analysis
To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segments by type, application and region
To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Automotive adhesives market.
Asia-Pacific region is expected to be the fastest growing region in the Automotive Adhesives Market during the forecast period. The growth of this region can be attributed to emerging economies such as of China and India in the region, which attract many global players to set up their production base by providing cheap and suitable quality raw-materials. The wide customer base which demands high quality automobiles is also driving the manufacturers to use best quality automotive adhesives, thereby driving the growth of the market.
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