APAC Automotive Adhesives and Sealants Market to Cross $4,938 Million Value by 2023: P&S Market Research

NEW YORK, May 15, 2018 (GLOBE NEWSWIRE) — According to the market research report published by P&S Market Research, the APAC automotive adhesives and sealants market is projected to reach $4,938.0 million by 2023, the market growth is mainly driven by the increasing usage of lightweight materials in the vehicle manufacturing and increasing vehicle production in APAC.

On the basis of type, the APAC automotive adhesives and sealants market is segmented into epoxy, acrylics, polyurethanes, rubber, PVC, silicones, and hot melts. Among all types, epoxy is expected to be the fastest growing category in terms of volume sales, witnessing a CAGR of 4.6% during the forecast period. It also held the largest share in the market, attributed to its superior properties, over other types, such as excellent dimensional stability, surface hardness, high temperature stability, good heat-resistance, cost-effectiveness, fire-resistance, and very low flammability.

Request to get the sample pages: https://www.psmarketresearch.com/market-analysis/apac-automotive-adhesives-and-sealants-market/report-sample

Based on application, the APAC automotive adhesives and sealants market is categorized into body in white (BIW), under-the-hood (UTH) and power train, paint shop, and assembly. BIW application accounted for more than 30.0% volume share in the APAC market in 2017. The largest share of the application is attributable to the high consumption of epoxy, polyurethane, and acrylics during the manufacturing process of cars.

China was the largest revenue generating country, with a share of more than 50.0% in the APAC automotive adhesives and sealants market in 2017. The country is an emerging economy and is largest in terms of purchasing power parity, the second-largest economy in terms of nominal GDP, and one of the largest exporters of adhesives and sealants to many countries.

Due to the rising environmental concerns, the companies are developing bio-based adhesives and sealants to replace chemical based adhesives and sealants. In order to enhance the sustainability efforts without compromising performance, the companies are developing bio-based adhesives and sealants. For example, DowDuPont Inc. developed RENUVA technology for adhesives and sealants, which offers benefits that covers various applications in the adhesives and sealants marketplace, including improved water resistance, high flexibility, and good adhesion on a variety of substrates. Hence, it is expected to create opportunities for the industry players operating in the APAC automotive adhesives and sealants market.

Browse report overview with 90 tables and 34 figures spread through 116 pages and detailed TOC on “APAC Automotive Adhesives and Sealants “ at:https://www.psmarketresearch.com/market-analysis/apac-automotive-adhesives-and-sealants-market
Some of the major players in the APAC automotive adhesives and sealants market are Henkel AG & Co. KGaA, DowDuPont Inc., Sika AG, PPG Industries Inc., 3M Company, Permatex, Bostik SA, DIC Corporation, Huate Bonding Material Co. Ltd., Mitsui Chemicals Inc., and Shin-Etsu Chemical Co. Ltd.

More reports by P&S Market Research

Automotive Regenerative Braking Systems Market

The European automotive regenerative braking systems market is expected to contribute close to 15% share in the global market in 2017. The growth of the European market can be attributed to several regulations by the European Commission against carbon emission.

https://www.psmarketresearch.com/market-analysis/automotive-regenerative-braking-systems-market

Automotive HMI Market

Asia-Pacific has been contributing the highest revenue in the automotive HMI market, followed by Europe and North America. Continuous infrastructural developments coupled with industrial development activities in emerging economies have opened new avenues, creating several opportunities in the region for automotive OEMs. Due to increasing living standards and growing passenger car penetration, India is expected to be the fastest growing market in the region, during the forecast period.

https://www.psmarketresearch.com/market-analysis/automotive-hmi-market

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:
P&S Market Research

Toll-free: +1-888-778-7886 (USA/Canada)

Email: enquiry@psmarketresearch.com

Web: https://www.psmarketresearch.com

Connect with us: LinkedIn | Twitter | Google + | Facebook

Share this post