"Innovative Technologies and Trends Shaping the Automotive Adhesives Market: Future Outlook"
Automotive adhesives market is predicted to achieve a value
of approximately USD 45.06 billion and grow at an 8.00% rate from
2021 to 2028. The increasing demand for vehicles that are lightweight and emit
less carbon is a crucial factor fueling the growth of the automotive adhesives
market.
Adhesives, which are made up of precise blends of synthetic
rubber elastomers, resins, and additives, are the most versatile bonding agents
available today. Automakers use these adhesives to create vehicles that are
both lighter and stronger, and the exact combination of ingredients is
determined by the desired end-use characteristics.
Market Insights and Scope
The growth of the automotive industry in Asia Pacific is the
primary driver of the automotive adhesives market, along with advancements in
adhesive technology, the need for lightweight and low-carbon emitting vehicles,
and growing demand from the APAC region. Other factors such as research and
development activities and increasing demand for sustainable adhesives also
contribute to the growth of the market. However, rising raw material prices and
the impact of recession on end-use industries are major obstacles to the growth
of the automotive adhesives market in the forecast period from 2021 to 2028.
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