Lucintel’s latest market report analyzed that automotive adhesive provides attractive opportunities in passenger car and light commercial vehicles. The automotive adhesive market is expected to reach $11.5 billion by 2025 with a CAGR of 5.5%. In this market, polyurethane is the largest segment by resin, whereas passenger car is largest by vehicle type. Development of voice assistant technology for high-end automated households, emergence of air quality sensor devices that measure volatile organic compounds (VOCs), and growing adoption of video enabled drones provides strategic growth path in this market.
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Based on resin, the automotive adhesive market is segmented into epoxy, polyurethane, acrylic and others. The polyurethane segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to its low price, durability, and performance.
Browse in-depth TOC on “Automotive Adhesive Market”
157 – Tables
185 – Figures
247 – Pages
The automotive adhesive market is marked by the presence of several big and small players. Some of the prominent players offering automotive adhesive include Henkel, 3M, Sika, Arkema, HB Fuller, and others.
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