Skip to main content

Polyurethane resins are expected to lead the automotive adhesives market during 2019 to 2024


The Automotive Adhesives Market is projected to grow from USD 8.1 billion in 2019 to USD 10.7 billion by 2024, at a CAGR of 5.7% between 2019 and 2024. APAC is the largest consumer of automotive adhesives. Automotive adhesives improve the aesthetic appeal of end products as bolts, rivets, and welds are not required to be used, and thus making these viable for numerous applications involving assembly line, body in white and others.
Request Report sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=36961165
The key market players are Henkel (Germany), Arkema (Bostik) (France), 3M (US), Dupont (US), H.B. Fuller (US), Sika (Switzerland), and Huntsman (US). These players have adopted various strategies, such as new product launch and merger & acquisition between 2014 and 2019, to enhance their market shares and expand their global presence.
Polyurethane resins are expected to lead the automotive adhesives market during the forecast period
Polyurethane adhesives have a high demand in the automotive adhesives market due to their excellent properties such as high elongation properties and stronger bonding. These are used in bonding windscreens, side and rear windows of passenger cars, trucks, and special vehicles. They are also used for bonding fiberglass reinforced plastic elements, such as roof, side, and front panels. These adhesives also have a competitive advantage over silicone products as they can be easily painted, and offer a fissure-free coated surface for an extended period.
Body in white is the largest application in the automotive adhesives market.
Objective to reduce vehicle weight is increasing the use of aluminum in the body in white stage. Due to the ability to join thinner and lighter - materials along with aluminum is boosting the use of adhesive at the body in white stage. Epoxy adhesives play a major role in joining dissimilar and default to bond substrates in the automotive body. With the increased usage of composites and plastics in the automotive body, the usage of adhesives has proportionally increased. These substrates cannot be welded or joined using nut bolts and rivets. Hence the demand for adhesives for the body in white is on the rise.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=36961165
APAC is expected to be the largest and fastest-growing market for automotive adhesives, in terms of value and volume, during the forecast period. APAC encompasses a diverse range of economies with different levels of economic development and multiple industries. According to the Population Reference Bureau, the fastest-growing consumer markets of China, India, and other APAC countries had a combined population exceeding 4.2 billion (as of 2018), which is projected to become an increasingly important driver for various industries, including the automotive and transportation. The key market players are expanding their automotive adhesives production in APAC, especially in China and India.
For more Info Visit Blog: https://chemicalsresearchmarket.wordpress.com/blog/
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact MarketsandMarkets™:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com

Labels:

Comments

Post a Comment

Popular posts from this blog

Imerys S.A. (France) and Omya AG (Switzerland) are the Key Players in the Calcite Market

  In terms of value, the global Calcite Market size is estimated to be USD 10.1 billion in 2019 and projected to reach USD 13.0 billion by 2024, growing at a CAGR of 5.2% from 2019 to 2024. Browse 105 Market Data Tables and 36 Figures spread through 145 Pages and in-depth TOC on  "Calcite Market”.  Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=50319659 Imerys S.A. (France) is one of the leading players in the calcite market and has been adopting inorganic & organic strategies to sustain its market position. For instance, in November 2019, Imerys S.A. acquired some assets of the EDK Company, a leading producer of ground calcium carbonates (GCC) in Brazil. These assets include three operating plants and 100 employees, which generated annual revenues of USD 15.5 million in 2018. In February 2018, Imerys S.A. acquired the carbonate business of Vimal Microns (India), a major producer of ground calcium carbonate...
Post a Comment
Read more

Asia Pacific accounted for a major share of the fiberglass roving market

  The fiberglass roving market is projected to grow from USD 8.24 billion in 2018 to USD 11.02 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. Browse 78 market data Tables and 47 Figures spread through 133 Pages and in-depth TOC on  "Fiberglass Roving Market by Fiber Glass Type (E, ECR, H, AR, S),Product Type(Single-end, Multi-end, Chopped),End-use Industry (Transportation, Construction, Electrical & Electronics, Pipe & Tank, Wind, Aerospace, Marine),and Region Global Forecast to 2023" Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=132583551 Owens Corning focuses on capacity expansions to meet the growing demand for fiberglass roving used in specialty composites. In addition, the company focuses on new product launches to maintain a competitive edge in the market. The company recently has launched roving products under the brands HydroStand, WindStrand, PipeStrand, PulStrand, and Perfomax. The company h...
Post a Comment
Read more

PTFE Membrane Market by Type, Application, and Region to 2025

The PTFE Membrane Market was valued at USD 1.49 Billion in 2015, and is projected to reach USD 2.32 Billion by 2021, at a CAGR of 7.7% from 2016 to 2021. The increasing use of PTFE membranes for water filtration and waste water management and acceptance of PTFE membrane in the medical & pharmaceutical industry are expected to drive the market for PTFE membrane. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243714287 The demand for PTFE membranes in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in the oil & gas, water treatment, and chemical industry. The fluctuation in oil & gas prices is challenging the PTFE membranes market. The demand for PTFE membranes is rising, owing to the good physical properties and stringent regulations for emission and industrial waste treatment. Furthermore, the increasing demand for treated water in emerging provide growth opportunities to the market. On th...
Post a Comment
Read more