Global Polymer Concrete Market
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Global High Temperature Elastomers Market
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Global Automotive Adhesive and Sealants Market
Industry Overview The global automotive adhesive & sealants market is expected to reach USD 13.6 billion by 2024, owing to increasing concerns about greenhouse gas emissions and fuel consumption that is projected to bolster the
demand of adhesive and sealants in passenger as well as commercial vehicles. It is considered that approximately 5% to 8% of fuel is saved when the weight of the automobile is reduced. Additionally, the decreased weight of the automobile assists in managing the CO2 emission from the vehicles during its
complete life span. Moreover, automobile manufacturers are concentrating majorly upon automotive constituents that are developed from thermoplastic elastomers to upgrade automobiles performance and
manufacture vehicles that are lightweight.
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Global Automotive Adhesive and Sealants Market
Growth Drivers The automotive adhesive and sealants market is observing significant growth, owing to increased
regulations for fuel by the government agencies, enhanced emphasis upon the utilization of insubstantial constituents and increased prominence upon safety norms and regulations. Moreover, contrasting to cast
iron and steel constituents, lightweight materials do not have the capability to be bolted or welded to combine them with each other.
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Global Automotive Adhesive and Sealants Market
Geographic Overview Geographically, Asia Pacific accounted for largest revenue in the global automotive adhesive & sealants market in 2017 and is further expected to become largest revenue holder in this market by 2024. The increasing growth of this market is accounted towards extensive manufacturing capacity for passenger
vehicles and LCV segment in this region that is projected to hold approximately 50% of the global manufacturing process. Additionally, accelerating demand for LCV and passenger cars in this region is exaggerating the demand for automotive adhesive and sealants in Asia-Pacific.
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Global Automotive Adhesive and Sealants Market
Competitive Insight The key companies operating in the global automotive adhesive & sealants market include Henkel AG & Co. KGaA, 3M Company, Dow Chemical Co., Kommerling, PPG Industries, Inc., Permatex, Krayden, Inc., and Sika
AG. Explore Full Report Sample at: https://www.vynzresearch.com/chemicals-materials/automotive-adhesivesand-sealants-market
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