Automotive Adhesive Market is Projected To Witness Vigorous Expansion By 2020-2030
Automotive Adhesive Market: Introduction According to the report, the global automotive adhesive market is projected to surpass US$ 7 Bn by 2030, expanding at a CAGR of ~ 5% during the forecast period, owing to increasing usage of adhesives in vehicles to achieve lightweighting and higher fuel economy. A car in the 1990s contained around 22 pounds of adhesives, which has presently increased to about 33 to 39 pounds. Expansion of Automotive Adhesive Market Adhesives have been utilized for bonding metal sheets in vehicles for over 40 years. Increasing trend of aerodynamic bodies and flatter designs to create minimal wind resistance have led to the usage of adhesives, as opposed to conventional spot welding. Decline in the number of welding points and increased use of adhesives in structural bonding are likely to boost the global automotive adhesive market during the forecast period. Vehicles manufactured with adhesiv...