Global Automotive Adhesive and Sealants Market (Size of USD 9.0 Billion in 2017) to Witness 6.1% CAGR During 2018–2024 - PowerPoint PPT Presentation

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Global Automotive Adhesive and Sealants Market (Size of USD 9.0 Billion in 2017) to Witness 6.1% CAGR During 2018–2024

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The global automotive adhesives & sealants market is expected to reach USD 13.6 billion by 2024 and is also expected to witness CAGR of 6.1% during the forecast period 2018 – 2024. It has been observed that automobile manufacturers are majorly concentrating upon automotive constituents that are developed from thermoplastic elastomers to upgrade automobiles performance and manufacture vehicles that are lightweight. Moreover, increasing concerns about greenhouse gas emissions and fuel consumption is projected to bolster the demand for automotive adhesive and sealants market in passenger as well as commercial vehicles in the near future. Increasing regulations for fuel by the government agencies, enhanced emphasis upon the utilization of insubstantial constituents and increased prominence upon safety norms and regulations are the major factors that are driving the growth of global automotive adhesive and sealants market. – PowerPoint PPT presentation

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Title: Global Automotive Adhesive and Sealants Market (Size of USD 9.0 Billion in 2017) to Witness 6.1% CAGR During 2018–2024


1
Global Automotive Adhesive and Sealants Market 
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2
Industry Overview
  • The global automotive adhesive sealants market
    is expected to reach USD 13.6 billion by 2024,
    owing to increasing concerns about greenhouse gas
    emissions and fuel consumption that is projected
    to bolster the demand of adhesive and sealants in
    passenger as well as commercial vehicles. It is
    considered that approximately 5 to 8 of fuel is
    saved when the weight of the automobile is
    reduced. Additionally, the decreased weight of
    the automobile assists in managing the CO2
    emission from the vehicles during its complete
    life span. Moreover, automobile manufacturers are
    concentrating majorly upon automotive
    constituents that are developed from
    thermoplastic elastomers to upgrade automobiles
    performance and manufacture vehicles that are
    lightweight.
  • Explore Full Report Description at
    https//www.vynzresearch.com/chemicals-materials/a
    utomotive-adhesives-and-sealants-market

3
market segmentation
  • On the basis of type, global automotive adhesive
    and sealants market are segmented into epoxy,
    polyurethanes, acrylics, PVC, rubber, hot melts
    and silicones. Among all the segments, the global
    epoxy segment have been contributing largest
    revenue of USD 2.2 billion in 2017, registering a
    CAGR of 6.0 during 2014-2017.

4
Geographic Overview
  • Geographically, Asia Pacific accounted for
    largest revenue in the global automotive adhesive
    sealants market in 2017 and is further expected
    to become largest revenue holder in this market
    by 2024. The increasing growth of this market is
    accounted towards extensive manufacturing
    capacity for passenger vehicles and LCV segment
    in this region that is projected to hold
    approximately 50 of the global manufacturing
    process.  Additionally, accelerating demand for
    LCV and passenger cars in this region is
    exaggerating the demand for automotive adhesive
    and sealants in Asia-Pacific.

5
Competition among key players
  • The key companies operating in the global
    automotive adhesive sealants market include
    Henkel AG Co. KGaA, 3M Company, Dow Chemical
    Co., Kommerling, PPG Industries, Inc., Permatex,
    Krayden, Inc., and Sika AG.

6

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