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Automotive Adhesives and Sealants Market Growth, Size, Share, Top Vendor, Global Industry Overview, Competitive Analysis, Statistics, Revenue Forecast 2021 to 2030

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Aug 31, 2021 (AmericaNewsHour) -- In a recent published report, Kenneth Research has updated the market report for Automotive Adhesives and Sealants Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automotive Adhesives and Sealants Marketproducts.

Download Sample of This Strategic Report:

The global automotive adhesives & sealants market is estimated to reach USD 7.01 billion by 2026 growing at a CAGR of 6.9% during the forecast period, according to a new study published by Polaris Market Research. The report 'Automotive Adhesive & Sealants Market Share, Size, Trends, & Industry Analysis Report, By Resin Type (Epoxy, Acrylics, Polyurethanes, Rubber, Polyvinylchloride, Silicones); By Technology (Hot Melt, Pressure Sensitive); By Vehicle Type; By Sales Channel; By Regions]: Segment Forecast, 2019 - 2026' provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the passenger vehicles segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2018.

The increase in the demand for light weight passenger vehicles, and growth in global automotive industry majorly drives the market growth. The increasing need to enhance vehicle performance and reduce noise and vibration of vehicles along with increasing modernization of vehicles supports the market growth. The growing demand for vehicles from emerging economies further increases the application of automotive adhesive. The rising penetration of electric and hybrid vehicles, growing adoption of sustainable adhesives, and introduction of government regulations accelerate the market growth. New emerging markets, increasing adoption of bio-based adhesives, and technological advancements would provide growth opportunities in the Automotive Adhesive & Sealants Industry in the coming years.

Download Sample of This Strategic Report:-  https://www.kennethresearch.com/sample-request-10082383

automotive adhesive sealants market

Asia-Pacific generated the highest market share in the global Automotive Adhesive & Sealants Industry during 2018. The growing urbanization, and rising population has accelerated the market growth in the region. The introduction of vehicular regulations and growing penetration of electric and hybrid vehicles increase the adoption of automotive adhesive in the region. The strong growth in the automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region.

The economic growth in countries such as China, Japan, and India, rising living standards, and growing disposable income further increase the demand of automobiles in Asia-Pacific. Expansion of global players into these countries to tap market potential boosts the growth of the Automotive Adhesive & Sealants Market. Technological advancements and established R&D institutes in China and Japan further supports the market growth.

The well-known companies profiled in the report include The DOW Chemical Company, Henkel & Co. KGaA, 3M Company, Solvay S.A., Sika AG, Franklin Adhesives and Polymers, BASF SE, Evonik Industries AG, Illinois Tool Works Corporation, and Bostik S.A. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Polaris Market Research has segmented the global Automotive Adhesive & Sealants market on the basis of source, functionality, application, distribution channel and region:

Request For Full Report-  https://www.kennethresearch.com/sample-request-10082383

Automotive Adhesive Resin Type Outlook (Revenue, USD Billion, 2015 - 2026)


Automotive Adhesive Vehicle Type Outlook (Revenue, USD Billion, 2015 - 2026)

Passenger Vehicles
Commercial Vehicles

Automotive Adhesive Application Outlook (Revenue, USD Billion, 2015 - 2026)

Body in White
Paint Shop

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