"Innovative Technologies and Trends Shaping the Automotive Adhesives Market: Future Outlook"

 


Industry Analysis

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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