Automotive Adhesives & Sealants Market Research Report Forecast Till 2023Posted by Avinash on March 14th, 2018 Market Overview Competitive Analysis Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5514 Market Segmentation The Global Automotive Adhesives & Sealants Market is segmented on the basis of type, vehicle type, application, and region. On the Basis Type the market is divided into polyurethane (PU), acrylic, epoxy, silicone, polyamide, styrenic block copolymer (SBC), and others. Among these types, the acrylic is the fastest growing segment due to the important characteristic features offered by them to the structure such as greater moisture and heat resistance, and excellent bonding ability. Based on Vehicle Type the Global Automotive Adhesives & Sealants Market is categorized into passenger cars, Light Commercial Vehicle (LCV), Medium and Heavy Commercial Vehicle (M/HCV), and others. The passenger car segment, among them, is dominating the market owing to increased spending ability, changing lifestyle and growing demand of fuel efficient passenger cars. The developing regions such as Asia Pacific and the Middle East & Africa are the major regions in this segment. By Application the market is classified into body-in-weight, powertrains, drivetrains, interior, exterior, engine, embedded system, and others. Among the other applications, the body-in-weight segment is the major consumer of an Automotive Adhesives and Sealants. This is attributed to the growing demand for high performance adhesive solutions capable of reducing the overall weight of a vehicle. Regional Analysis Geographically, the Global Automotive Adhesives & Sealants Market is divided into Asia Pacific, North America, Europe, the Middle East & Africa and Latin America. Asia Pacific holds the largest share of the Global Automotive Adhesives & Sealants Market, in terms of market size. The region accounts for over 50% market share. Countries namely, South Korea, India, China, and Japan are leading the regional market owing to the rapid growth of automotive & transportation industries in these countries. Following Asia Pacific, North America is the second largest region. The U.S. is the major market in this region, wherein the automotive industry has witnessed a considerable growth in production on the backdrop of the increasing global demand for passenger cars. Europe is a substantial region in the Global Automotive Adhesives & Sealants Market. The major contributors to the regional market are, Germany, the U.K., France, and Italy due to the well-established automotive industry in these countries. The Middle East & Africa is estimated grow at healthy growth rate during the forecast period on account of growing investment activities and potential of the market in automotive industry in this region. Latin America is projected to join hands with the leading regions in the Global Automotive Adhesives & Sealants Market with pacifying political and revving economic situation in Brazil, Venezuela, and Colombia. Get Complete Report @ https://www.marketresearchfuture.com/reports/automotive-adhesives-sealants-market-5514 About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact: Like it? Share it!More by this author |