The global automotive adhesives market is anticipated to grow significantly at a CAGR of 7.4% over the forecast period (2020-2026). Automotive adhesives are the chemicals that are meant to join the two surfaces together in a vehicle. It offers a variety of benefits such as thermal, chemical, impact, and abrasion resistance in the automobile assembly. The key factor that drives the growth of the global automotive adhesives market is the rapidly evolving automobile industry across the globe. Excellent properties offered by the automotive adhesives further supports the growth of the market over the forecast period.
Browse the full report description Global Automotive Adhesives Market Size, Share & Trends Analysis Report by Resin Type (Polyurethanes, Polyamide, Acrylics, Silicone, Epoxy, SMP, MMA, and Others), By Adhesive Type (Tapes & Films, Liquid Gasket, Structural, Thread-Locks & Retainers, and Others), By Applications (Assembly, Body in White (BIW), Glazing, Paint, Upholstery, and Others), By Vehicle Type (Passenger Vehicle, Two-Wheeler, and Commercial Vehicle), By Sales Channel (OEM & Auto-ancillaries and Aftermarket) Forecast, 2020-2026 at https://www.omrglobal.com/industry-reports/automotive-adhesives-market
Besides, supportive government initiatives promoting the use of modern adhesives for automobiles also enhance market growth as it lessens the harmful carbon emissions and enhances the efficiency of the fuel. For instance, in April 2019, the European Commission declared CO2 emission standards that stated the reduction of CO2 levels by 37.5% and 31.0%, for cars and vans respectively by 2030, in comparison with 2021.
The presence of the key players operating in the market also contributes to the growth of the global automotive adhesives market over the forecast period. Key players such as 3M Co., BASF SE, Dow Inc., Henkel AG & Co., KGaA, Solvay SA, Akzo Nobel NV, Arkema SA, Ashland Global Specialty Chemicals Inc., Franklin International, H.B. Fuller Co., and Huntsman International LLC among others engage in the multiple R&D activities, new product launch, geographical expansion, merger & acquisition to increase their revenue in the competitive market.
Market Coverage
Key Questions Addressed by the Report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Automotive Adhesives Market – Segmentation
By Resin Type
By Adhesive Type
By Application
By Application
By Sales Channel
Global Automotive Adhesives Market – Segmentation by Region
North America
Europe
Asia-Pacific
Rest of the World
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