Automotive Adhesives And Sealants Market
Automotive Adhesives and Sealants Market Size And Forecast
Automotive Adhesives And Sealants Market is expected to grow at a CAGR of 5.34% from 2019 to 2026.
Global Automotive Adhesives and Sealants Market Outlook
Adhesive and sealants are utilized for a wide range of usage in both interior and exterior of vehicle components. The growing demand for lightweight vehicles with high fuel economy is likely to drive the growth of the market. The automotive adhesives are replacing conventional welding and fasting methods with its higher bonding capabilities which are anticipated to fuel the growth of the market over the forecast period. However, fluctuating raw material prices is a major factor that may hinder the growth of the market. The ongoing R&D activities for the development of the bio-based adhesive and the stringent environmental regulation with the use of volatile organic compounds has increased the demand for the production of bio-based adhesives. This, in turn, is expected to provide lucrative opportunities for the market to grow.
Global Automotive Adhesives and Sealants Market Competitive Landscape
The Global Automotive Adhesives and Sealants Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Arkema Group, Huntsman International LLC, Henkel AG & Co. KGaA., Dow, Avery Dennison Corp., 3M, HB Fuller, ITW Performance Polymers, Sika AG, and TESA SE.
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