New York, NY -- (SBWIRE) -- 08/01/2018 -- Automotive adhesives and sealants are the substances that are used for various bonding and sealing applications in the automotive industry. These materials are chemically similar but functionally different. They help in improving driving comfort, performance, reliability, and safety of vehicles. The global automotive adhesives and sealants market was valued at $8,413.7 million in 2017 and is projected to reach $11,871.6 million by 2023, witnessing a CAGR of 6.0% during the forecast period. The growing demand for lightweight vehicles and increasing vehicle production are the major factors driving the growth of the market.

Access Full Report : https://www.psmarketresearch.com/market-analysis/global-automotive-adhesive-and-sealant-market

North America was the third largest market for automotive adhesives and sealants in 2017. The market in the region is mainly being powered by increasing investments in automotive production by manufacturers and high disposable income among consumers. Furthermore, vehicle manufacturers are highly concentrating on reducing vehicle weight and emissions coming out from it, which in turn is boosting the automotive adhesives and sealants demand in the region.

Expansions and partnerships are some of the major strategies adopted by the North American automotive adhesives and sealants manufacturers to expand their business in the region. For instance, in October 2013, PPG Industries Inc. announced its partnership with Renault-Nissan Alliance to deliver tailor-made structural adhesives to more than 1 million Renault, Nissan and Samsung cars across Europe, Asia, North America, and South America. Thus, such strategic developments by key players is further accelerating the market growth in North America.

Request For Sample Pages: https://www.psmarketresearch.com/market-analysis/global-automotive-adhesive-and-sealant-market/report-sample

Most of the players in the Global automotive adhesives and sealants serve customers in more than 20 countries, which implies the global presence of the companies. Along with that, most of the players have a strong employee base of more than 15,000 employees to serve the customers/industry in an efficient manner. Also, the companies have an extensive product portfolio related to adhesive and sealants to serve different industries including automotive.

Henkel AG & Co., 3M Company, and Sika AG are among the major players in the market based on their offerings. For example, Henkel provides material solutions to automotive industry and also provides multiple formulation techniques (for example, marrying adhesive performance with thermal control in hybrid materials and is providing superior value to automotive manufacturers). Similarly, 3M auto adhesives and sealants are formulated for long-term performance in a variety of car repairs ranging from attach, tack down, fasten, seal, and others.

Related Reports

Germany Automotive Adhesives and Sealants Market

APAC Automotive Adhesives and Sealants Market

About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com