The global automotive adhesive and sealant market was valued at $4,879.3 million in 2014, and it is expected to grow with a CAGR of 8.8% during 2015 – 2020. The factors driving the growth of the global market include increasing focus on the usage of lightweight materials, vehicles safety and regulations, and fuel economy regulations. The vehicles safety standards and regulations are becoming stringent across the globe. The increasing awareness of consumers regarding safety aspects of vehicles are resulting in increasing usage of various types of safety equipment. EURO NCAP is one of the organizations composed of seven governments, which provides an independent assessment of the car safety level for the cars sold in Europe. The increasing vigilance by such organization is another factor, which is forcing the automotive manufacturers to focus on car safety. The use of adhesive and sealants in a vehicle provides integrity to the bonnet and boot. These factors are anticipated to increase the demand of adhesive and sealants in the coming years.
Explore Report Description with Detailed TOC on “Global Automotive Adhesive Market Sealant Market” at: https://www.psmarketresearch.com/market-analysis/global-automotive-adhesive-and-sealant-market
Geographically, the Asia-Pacific market held the largest share in the global automotive adhesive & sealant market in 2014. Asia-Pacific is anticipated to be the fastest growing market for automotive industry. The production volume for passenger car and LCV segment in Asia-Pacific accounted for more than 50% of the global production. The increasing production in Asia-Pacific is complimented by intensifying demand for passenger cars and LCV in the region. The increasing economy and improving standards of living in countries, such as China and India, are the factors resulting in increased sale volumes. The use of adhesive and sealants in cars manufactured in Asia-Pacific is less, as compared to North America and Europe. However, the high production volume in Asia-Pacific has made it an attractive market for adhesive and sealants. The stringent regulations in Asia-Pacific are anticipated to increase the use of adhesive and sealants within the automotive industry to improve fuel economy and safety. Owing to this factor, the demand for adhesives and sealants in the region is expected to grow with an attractive rate.
The information and data in the publication “Global Automotive Adhesive & Sealants Market Size, Share, Development, Growth and Demand Forecast to 2020”, represents the research and analysis of data from various primary and secondary sources. A top down approach has been used to calculate the market size in terms of volume and value. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
GLOBAL AUTOMOTIVE ADHESIVE AND SEALANTS MARKET SEGMENTATION
- UTH and Power Train
- Paint Shop
- Hot Melts
- North America
- South America
- Middle East & Africa
About P&S Market Research
P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
Manager – Client Partner
347, 5th Ave. #1402
New York City, NY – 10016
Toll-free: +1-888-778-7886 (USA/Canada)