80 likes | 89 Views
Rise in demand for increased fuel efficiency by reducing the weight of the vehicle is the major factor driving the demand for adhesives and sealants from automotive industry. Traditionally, adhesive are used in brake shoes, threadlockers and windshields applications, but now it also find it usage in the mechanical and thermal joining methods such as engine, dashboard and weather stripping. Adhesives will benefit from the rising usage of plastics in manufacturing of motor vehicle, owing to its excellent compatibility with plastics. The demand for adhesives is witnessing growth. Moreover, structural adhesive due to their light weight and improved crash resistance is rapidly being used in vehicle assembly.<br><br>
E N D
Market Industry Reports Adhesives & Sealants Market Strategic Growth Insights 2030 Market Industry Reports
Adhesives & Sealants Market Strategic Growth Insights 2030 Market Industry Reports (MIR) has published a new report titled “Adhesives & Sealants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global adhesives & sealants market was valued at over US$ 50.0 Bn in 2018 and is anticipated to grow at a substantial CAGR during the forecast period of 2019-2030. Growing demand for light weight vehicles is the prime factor driving the market growth. Moreover, growing construction industry is another factor driving the market growth. However, due to volatility in the prices of crude oil and stringent regulation reading emission of volatile organic compounds (VOC) are the factors hampering the market growth. Request for a sample of this research report @ http://bit.ly/2MXN52I Rising Demand for Lightweight Vehicles Rise in demand for increased fuel efficiency by reducing the weight of the vehicle is the major factor driving the demand for adhesives and sealants from automotive industry.
Adhesives & Sealants Market Strategic Growth Insights 2030 Sealants are widely being used in manufacturing of motor vehicles owing to its capacity to fill gaps and voids. They are also insoluble and resistance to corrosion. Moreover they help to reduce the noise and vibration along with providing significant cost savings. Thus, as the demand for lightweight vehicles is witnessing growth. It will in turn increase the demand for adhesives and sealants. Stringent Government Guidelines & Fluctuating Prices of Raw Materials Stringent government guidelines are formulated on the usage of adhesives and sealants. These laws are in effect owing to presence of volatile organic compounds (VOCs) in adhesive and sealant products. These regulations has set limits for VOC emissions for variety of products, thus are hampering the market growth. Moreover, adhesives and sealants manufacturers are sensitive to crude oil prices owing to most of the raw materials are sourced from crude oil. Any fluctuation in the prices of raw materials will impact the pricing of the final product. Request For Report Methodology@ http://bit.ly/2MXNzWA
Adhesives & Sealants Market Strategic Growth Insights 2030 Table Of Content RESEARCH METHODOLOGY Research Framework Data Collection Technique Data Sources Secondary Sources Primary Sources Market Estim ationMethodology Bottoms Up Approach Top Down Approach Data Validation and Triangulation Market Forecasting Model Limitations/Assumptions of the Study
CONTACT US 2nd Floor, ManikchandIkon, B-Wing, Dhole Patil Road, Sangamwadi, Pune 411 001 Email: sales@marketindustryreports.com Phone: + 91 8956 767 535 Connect with us :
About Market Industry Reports Market Industry Reports is a global leader in market measurement & advisory services, Market Industry Reports is at the forefront of innovation to address the worldwide industry trends and opportunities. We identified the caliber of market dynamics & hence we excel in the areas of innovation and optimization, integrity, curiosity, customer and brand experience, and strategic business intelligence through our research. We offer our clients a unique depth of market intelligence in an actionable format to move their business forward. Our analysis incorporates the consumer study in more than 100 countries that provide a tactical approach to drive the sustained growth for the business. We continue to pioneer state-of-the-art approach in research & analysis that makes complex world simpler to stay ahead of the curve. By nurturing the perception of genius and optimized market intelligence we bring proficient contingency to our clients in the evolving world of technologies, megatrends and industry convergence.