DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/8dzcx2/global_automotive) has announced the addition of the "Global Automotive Adhesive and Sealant Market Size, Share, Development, Growth and Demand Forecast to 2020" report to their offering.
The global automotive adhesive & sealants market was valued at $4,879.3 million in 2014, and it is expected to grow with a CAGR of 8.8% during 2015 - 2020. Asia-Pacific is the largest market of automotive adhesives and sealants in the world, with 530.0 KT of adhesives and sealants consumed in 2014. The consumption of automotive adhesives and sealants volume per vehicle is estimated to be 12.0 kg, which is lowest globally. Although it consumes the lowest volume of adhesives and sealants per vehicle, it accounts for more than 50% of the total vehicles manufactured globally, thus leading the overall adhesive & sealant market.
Electric vehicles emerge as an upcoming demand segment for adhesive and sealants. The global electric vehicles market has exhibited tremendous growth, especially post 2011. Various industry level initiatives are aiming to ensure the penetration of 20 million electric vehicles on road by 2020 i.e. from a share of less than 0.02% in 2012 to a share of 2% by 2020. Various investments are being directed in R&D of electric vehicles to make them competitive and acceptable in the market.
Companies Mentioned:
- 3M Company
- Dow Chemical Co.
- Henkel AG & Co. KGaA
- Kommerling
- Krayden, Inc.
- PPG Industries Inc.
- Permatex
- Sika AG
Report Structure:
1. Research Scope & Methodology
2. Executive Summary
3. Market Outlook
4. Global Automotive Adhesive & Sealant Market Size and Forecast (2011 - 2020)
5. Global Automotive Adhesive & Sealant Market Breakdown by Geography
6. Competitive Landscape & Product Positioning
7. Company Profiles and Strategic Developments
8. Appendix
For more information visit http://www.researchandmarkets.com/research/8dzcx2/global_automotive
