Automotive Adhesive Market Report 2024 - Global Trends, Forecasts and Competitive Analysis to 2030 Featruring Henkel, 3M, H.B. Fuller, Arkema, Sika [Yahoo! Finance]
3M Company (MMM)
Last 3m company earnings: 4/28 06:30 am
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Source: Yahoo! Finance
The global automotive adhesive market is expected to reach an estimated $23.9 billion by 2030 with a CAGR of 11.4% from 2024 to 2030. The future of the global automotive adhesive market looks promising with opportunities in passenger car and light commercial vehicles. The major drivers for this market are increasing demand for lightweight materials in vehicle manufacturing and replacement of mechanical fasteners with adhesives to make vehicles lighter and to meet higher fuel economy requirements. Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of composites and lightweight materials in vehicles and new silicone-based electrically conductive adhesives in various automotive applications, and increasing applications of two component polyurethane adhesives. Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infras
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- 4/30/24 - Beat
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