APAC Automotive Adhesives & Sealants Market Outlook to 2023: A $4.93 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 30, 2018--The “APAC Automotive Adhesives and Sealants Market by Type, by Application, by Geography - Market Size, Share, Development, Growth and Demand Forecast, 2013 - 2023” report has been added to ResearchAndMarkets.com’s offering.
The APAC automotive adhesives and sealants market is projected to reach $4,938 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.
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.
Key FindingsChina holds the largest automotive adhesives and sealants market in APAC Increasing development of bio-based adhesives and sealants is expected to create immense opportunities for the industry players
Key Topics Covered
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
Chapter 5. APAC Market Size & Forecast
Chapter 6. Competitive Landscape
Chapter 7. Company ProfilesHenkel 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. Shin-Etsu Chemical Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/zdsh3z/apac_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180730005633/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Adhesives and Sealants ,Automotive Materials
KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 07/30/2018 01:27 PM/DISC: 07/30/2018 01:27 PM