Automotive Adhesives Market Size Estimated To Reach USD 6.5 Billion By 2025 : Grand View Research Inc.
San Francisco, 11 October 2019: The Report Automotive Adhesives Market Size, Share & Trends Analysis Report By Technology (Reactive, Water-Based), By Function (Bonding, NVH), By Vehicle, By Application, By Region, And Segment Forecasts, 2019 – 2025 The global automotive adhesives market size is anticipated to reach USD 6.5 billion by 2025, exhibiting a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Increasing demand for lightweight vehicles and shifting preference of consumers toward sustainable adhesives are projected to favor the market growth. The usage of adhesives helps in reduction of weight of vehicles, which further boosts the fuel efficiency and overall performance of vehicles. This has resulted in rapid adoption of adhesives over mechanical fasteners in automotive industry. Also, they are increasingly being used in electric vehicles, which is anticipated to fuel the market growth further. Adhesives including acrylic, polyurethane, epoxy,