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Global Automotive Adhesive and Sealants Market Reach To 6.1% CAGR During 2018–2024

The global automotive adhesives and 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 u2013 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.

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Global Automotive Adhesive and Sealants Market Reach To 6.1% CAGR During 2018–2024

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  1. Automotive Adhesive and Sealants Market

  2. Automotive Adhesive and Sealants Market Industry Overview The global automotive adhesives and 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.

  3. Automotive Adhesive and Sealants Market Body-in-white is projected to observe fastest CAGR of 6.5% in global automotive adhesive and sealants during the forecast period due to extensive popularity for the utilization of superior performance adhesion in automobiles that helps in decreasing the overall weight of the vehicle, cost saving and reduction in fuel utilization. Moreover, adhesives are increasingly being used in external constituents of the vehicles such as for the purpose of bonding roofs on sports cars and composite hoods. Among all the types, the global epoxy segment of global automotive adhesive and sealants market have been contributing largest revenue of USD 2.2 billion in 2017 and is projected to contribute largest revenue of USD 3.5 billion by 2024.

  4. Automotive Adhesive and Sealants Market Geographic Overview: Asia-Pacific accounted for largest share in the global automotive adhesive & sealant market in 2017 and is further expected to become largest revenue holder in this market by 2024. Extensive production volume and stringent government regulations in the automotive sector in this region has majorly contributed towards the popularity of adhesive and sealants.

  5. Automotive Adhesive and Sealants Market Competitive Insight The key players are concentrating upon enhancing the integrity and design of the vehicle along with meeting the increasing demand of electric vehicles of the consumers that is ultimately contributing towards the growth of global automotive adhesive and sealants market. 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.  Explore Full Report Sample at: https://www.vynzresearch.com/chemicals-materials/automotive-adhesives-and-sealants-market

  6. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  7. Automotive Adhesive and Sealants Market For Free Sample Report :- https://www.vynzresearch.com/chemicals-materials/automotive-adhesives-and-sealants-market/request-sample

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