Market Overview

Global Automotive Adhesives Market Expected to be Worth USD 5.45 Bn by 2023


On Global Markets
(ROGM), a global market research firm, released a
report on the Global
Automotive Adhesives Market
today. The report, prepared by
Netscribes, shows that the market is expected to expand at a CAGR of
5.4% and generate a global revenue of USD 5.45 Bn by 2023.

The growth of the automotive adhesives market is driven by strong
vehicle sales, technological advancements, roll-out of smart cars, and
rising demand for sports utility vehicles and crossover utility vehicles.

However, Netscribes remains apprehensive about the changing technology
of automotive adhesives, which is a concern for manufacturers since they
have to constantly stay abreast with the latest market trends.

Key highlights of this report:

  • Drivers and challenges in the global automotive adhesives market
  • Historical, current and forecasted market size data for the segments
    based on technology (hot melt, water based, and solvent based)
  • Historical, current and forecasted market size data for the segments
    based on types of vehicles (passenger vehicles, light commercial
    vehicles, and heavy commercial vehicles)
  • Historical, current and forecasted market size data for the segments
    based on geography (North America, Europe, Asia-Pacific, Latin
    America, and the Middle East and Africa)
  • Analysis of the competitive landscape and profiles of major companies
    operating in the market

This report has been formulated and designed with the purpose of giving
businesses a concise understanding of the demand for automotive
adhesives across the globe, developing strategies based on the drivers,
trends and highlights for each segment, and helping brands identify
their major competitors and respond accordingly.

For more information, download the Global
Automotive Adhesives Market report

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