Automotive adhesives products help automotive Original Equipment Manufacturers (OEMs) to bond different substrates of metal, thus reduces demand for welding and mechanical rivets. Automotive adhesives market are gaining strong popularity, owing to their additional benefits and cost-effective products. Growing automotive industry in developing and developed countries is expected to boost demand for automotive adhesives over the forecast period.
The global automotive adhesives market report has been segmented on the basis of resin type, technology, application, and region.
On the basis of resin type, global automotive adhesives market has been segmented into polyurethane, epoxy, acrylic, silicone, and others. Polyurethane segment is projected to account for major market share in terms of revenue during the forecast period. This can be attributed to properties such as ability to bond different surfaces and UV and heat stability.
Among all the product segments, body-in-white, paint shop, powertrain, assembly, and others, the assembly segment is projected to grow at fastest CAGR during next ten years. Better toughness, reduced weight, and enhanced strength are achieved using automotive adhesives in body-in-white. However, body-in-white segment is expected to hold highest share in the global automotive adhesives market.
On the basis of region, the global automotive adhesives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Do Inquiry of the Report Here: https://marketresearch.biz/report/automotive-adhesives-market/#inquiry
Asia Pacific market accounted for major market share in terms of revenue to the global market in 2016. Asia Pacific automotive adhesives market is expected to witness major growth over next five years, owing to availability of large number of manufacturers and customers in India and China. Low labor cost and availability of raw materials at low cost in Asia Pacific region is likely to have a positive impact on the global automotive adhesives market.
Key players operating in the global market include 3M Company, Henkel & Co. KGaA, The DOW Chemical Company, Bostik S.A., Sika AG, PPG Industries, H.B. Fuller, Jowat AG, Solvay S.A, and Illinois Tool Works Corporation.