DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dzlqq7/automotive) has announced the addition of the "Automotive Adhesives Market - Global Forecast to 2020" report to their offering.
The focus on reducing weight and improving fuel efficiency of vehicles is a prime factor for the growth of automotive adhesives market
The global automotive adhesives market size (2015-2020) is estimated to reach USD 5.56 billion by 2020 at a CAGR of 8.2%.
The strong focus on decreasing weight and improving fuel efficiency of vehicles is a prime factor for the growth of automotive adhesives market. The increasing average adhesive use per vehicle across the Asia-Pacific and RoW markets is projected to fuel the overall demand for automotive adhesives in the next five years.
Automotive adhesives are used in various applications such as body in white, paintshop, powertrain, and assembly. In 2015, the body in white application segment accounted for the largest market share among all the applications, in terms of volume, followed by paintshop, assembly, and powertrain applications. The assembly application is estimated to grow at the highest CAGR between 2015 and 2020 among all the applications considered in the report.
In 2015, Asia-Pacific is estimated to account for the largest market share, in terms of volume, and is projected to grow at the highest CAGR during the period of study. The robust demand in Asia-Pacific is the major driving factor for the global automotive adhesives market. China led the demand for adhesives due to increased production of vehicles in the last 2-3 years. It is also the largest consumer of automotive adhesives at the global level. Other emerging economies, such as Brazil, India, Mexico, the markets in these countries are projected to grow rapidly.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Automotive Adhesive, By Resin Type
8 Automotive Adhesive Market, By Application
9 Automotive Adhesive Market, By Vehicle Type
10 Automotive Adhesives Market, By Region
11 Competitive Landscape
12 Company Profiles
- 3M Company
- Bostik SA
- Cytec Industries Inc.
- H.B. Fuller
- Henkel And Co. Kgaa Business Overview
- Illinois Tool Works Corporation
- Jowat AG
- Ppg Industries
- Sika AG
The Dow Chemical Company
For more information visit http://www.researchandmarkets.com/research/dzlqq7/automotive