According to a new market research report published by Global Insight Services “Automotive Adhesives Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Automotive adhesives are a type of adhesive that is specifically designed for use in the automotive industry. They are typically used to bonding automotive parts and components together. Automotive adhesives are available in a variety of formulations, including water-based, solvent-based, and hot-melt adhesives.
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Key Players
The global automotive adhesive market includes players such as Dupont, Huntsman, Sika, Arkema, Henkel, 3M Company, Solvay S.A, Jowat AG, H.B. Fuller, Bostik S.A, and others.
Key Trends
The key trends in Automotive Adhesives technology are:
1. Improved performance: Automotive adhesives are constantly being improved to provide better performance in terms of strength, flexibility, and resistance to extreme temperatures and chemicals.
2. Increased use of water-based adhesives: Water-based adhesives are becoming increasingly popular in the automotive industry due to their environmental friendliness and lower cost.
Key Drivers
Automotive adhesives are materials that are used to bond two or more surfaces together in order to create a stronger connection than would be possible with mechanical fasteners alone.
One of the key drivers of the automotive adhesive market is the increasing use of lightweight materials in vehicle construction. In order to improve fuel efficiency, automakers are increasingly turning to lightweight materials such as aluminum and composite plastics.
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Market Segments
The automotive adhesive market is segmented by technology, vehicle type, application. By technology, the market is divided into holt melt, water based, solvent based, and others. On the basis of vehicle type, it is bifurcated into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Based on application, the market is classified into power train, paint shop, assemble, and others. Region-wise, the market is segmented into North America, Europe, Asia pacific, and Rest of the World.
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