PUNE, India, March 7, 2017 /PRNewswire/ --
The report "Automotive Adhesives Market by Resin Type (Polyurethane, Epoxy, Acrylic, Silicone, SMP, Polyamide), Application (Body-in-White, Paint Shop, Powertrain, Assembly), Vehicle Type (Buses, Trucks, LCV), and Region - Global Forecast to 2021", published by MarketsandMarkets, the market size is estimated to grow from USD 4.03 Billion in 2016 to USD 6.05 Billion by 2021, at a CAGR of 8.5% from 2016 to 2021.
Browse 114 market data Tables and 47 Figures spread through 153 Pages and in-depth TOC on "Automotive Adhesives Market"
Early buyers will receive 10% customization on this report.
Currently, the trend of making lightweight and fuel-efficient vehicles is encouraging the use of aluminum and other materials to decrease the weight of vehicle, which is boosting the use of adhesives in automobiles.
Ask for PDF of the Report at http://www.marketsandmarkets.com/pdfdownload.asp?id=36961165
Body in White is the largest application segment of the automotive adhesives market
Automotive adhesives are used in various applications. Body in white, paint shop, powertrain, and assembly are the main applications considered in the report. Globally, the body in white application held the largest share of the automotive adhesives market, in terms of volume, in 2015. Better toughness, enhanced strength, and reduced weight are achieved by using automotive adhesives in body in white. The assembly application segment is estimated to grow at the highest CAGR between 2016 and 2021 among all applications considered.
Polyurethane is the largest resin type in the automotive adhesives market
Various resin types considered in the automotive adhesives market are polyurethane, epoxy, acrylic, silicone, SMP, polyamide, and others. Polyurethane adhesive is currently the dominant adhesive type in the Automotive Adhesives Market, followed by acrylics adhesives. The SMP adhesives segment is estimated to grow at the highest CAGR between 2016 and 2021 due to its superior properties such as the ability of bonding on different surfaces and UV & heat stability.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=36961165
Rising demand in Asia-Pacific is the major driver of the automotive adhesives market
Asia-Pacific is estimated to be the fastest-growing market, in terms of both volume and value, during the forecast period. Emerging markets in Asia-Pacific such as China, India, South Korea, and Southeast Asian countries are attracting global players to set up their manufacturing base in this region. In countries, such as China and India, the wide customer base is pulling manufacturers to cater the increasing demand of technologically advanced and quality products. Increased investments in various technological, infrastructural, and R&D sectors are driving the automotive adhesives market in the Asia-Pacific region.
Browse Related Reports:
Construction Adhesive Market by Type (Acrylic, Polyurethane, Polyvinyl Acetate, Epoxy, & Others), by Technology (Waterborne, Solvent Borne, Reactive, & Others), by Application (Onsite, Offsite, Civil) - Global Forecast to 2020/
Medical Adhesive Market by Natural Resin Type (Collagen, Fibrin), by Synthetic & Semi-Synthetic Resin Type (Acrylic, Cyanoacrylate, Epoxy, Silicone, Polyurethane), by Formulating Technology (Water, Solvent, Solids & Hot Melt) - Global Forecast to 2019
Subscribe Reports from Chemicals & Materials Domain: http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets