Automotive Adhesives Market trends research and projections for 2019 - 2025

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Automotive Adhesives Market growth drivers in
2019 Challenges by 2025
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Global Market Scenario of Automotive Adhesives
Industry

• Electric vehicle market sales are projected to
  surpass 10.5 million units by 2025 which may
  boost automotive adhesives market size.
  Increasing demand for electric vehicles owing to
  rapid decline in hydrocarbon reserves and rising
  carbon dioxide emissions will favour industry
  growth. These adhesives are used in sealing car
  accessories which for binding car consoles,
  dashboards, speedometers and electric components,
  thus driving product demand.
• Automotive Adhesives Market size is anticipated
  to grow owing to its wide usage in vehicle parts
  binding for high strength and mechanical
  stability. Composite materials are utilized in
  automotive vehicles in order to decrease weight
  and increase fuel efficiency.
• These products have usage in binding and
  composite components sealing application. It is
  also used as a potential alternative to welding
  owing to low presence of metallic components in
  low weight passenger vehicles. Global passenger
  car market is projected to surpass USD 1.5
  trillion by 2023 which may foster automotive
  adhesives market growth.
• Adhesives are employed at assembly line in
  linking car parts including x crankshaft linking
  to engines. It is also applied in x non-load
  bearing body parts linking like battery holders
  tin shades. Interior applications include tray
  systems, safety systems and seating systems.
  These adhesives can be applied with high speed on
  production line which results in savings and cost
  reduction thus, driving automotive adhesives
  market.

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• Regional Trends-
• North America led by Canada, Mexico and the U.S.
  automotive adhesives market size is anticipated
  to boost due to rising passenger cars sales.
  Total passenger car sales in 2018 for North
  America was 7.5 million units which may foster
  industry size. Presence of major car
  manufacturer like Ford, Chrysler, General Motor
  and Tesla focussing on fuel efficient vehicles
  along with increasing product usage in passenger
  car assembling owing to its lightweight
  characteristics will drive regional industry
  growth.
• Europe driven by UK, Spain, Italy, France and
  Germany automotive adhesives market share is
  anticipated to boost owing to its noise reduction
  and structural stabilizing properties. Luxury
  car manufacturers use these products in cockpit,
  clips/retainers, emblems and headlamps for
  increasing stability and provide aesthetic finish
  to automobile. These factors may propel product
  demand by 2025.
• Brazil automotive adhesives market size is likely
  to observe steady gains during forecasted
  timeframe. Rising agricultural activities has
  upsurge tractors demand which are used in
  skewing, harvesting and crops cultivation.
  Automotive adhesive provides higher body to
  weight ratio along with reducing overall vehicle
  mass which may propel regional product demand.

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• Competitive Trends
• Global automotive adhesives market share is
  moderately fragmented with major players includes
  3M Company, Henkel Co. KGaA, The DOW Chemical
  Company, Bostik S.A., Sika AG, H.B. Fuller,
  Illinois Tool Works Corporation, PPG Industries,
  Jowat AG, and Solvay S.A. The automobile
  manufacturers are more focussed on expansion in
  India, China and Japan due to growing product
  demand which may stimulate the market size.
• Key manufacturers are also focusing on capacity
  expansion and product innovation to cater rising
  demand. In February 2016, Henkel Anand, which is
  a joint venture between Anand Group and Germany
  based giant Henkel is planning to expand its
  production capacity of adhesives sealants plant
  in India. The new manufacturing unit will be
  operational by 2018 which will cater automotive
  business unit.

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