Automotive Adhesives Market Forecast Analysis | 2022-2028
Matt Easterlin23 Jan, 2023Other
The automotive adhesives market size was valued at USD 7 billion in 2021 and is likely to grow at a CAGR of 5.84% during the forecast period to reach USD 10.45 billion in 2028. The ability of adhesives to reduce vehicle weight, increase fuel efficiency, and lower carbon emissions is the key factor driving the demand for automotive adhesives, globally. What are automotive adhesives? Automotive adhesives are the most versatile bonding agents used to make cars lighter and tougher. In the automotive market, adhesives are used to manufacture engines, body components, gearboxes, safety systems, seat systems, and sub-assemblies. They also help to cut down on noise, vibration, and other harsh characteristics.
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