Global Automotive Adhesives Market Outlook (2018 to 2032)

Year Value
2018 0.45
2019 0.47
2020 0.48
2021 0.5
2022 0.52
2023 0.55
2024 0.57
2025 0.59
2026 0.61
2027 0.64
2028 0.66
2029 0.69
2030 0.71
2031 0.74
2032 0.77
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Global Automotive Adhesives Market Outlook (2018 to 2032)

Synopsis
The above chart is Global Automotive Adhesives Market Outlook (2018 to 2032)

Market Dynamics

the demand of global automotive adhesives market has grown rapidly in recent years in line with the growing need for lightweight cars. automotive adhesives provide weight reduction and additional strength, enabling effective joining of plastic and metal surfaces while manufacturing automobiles. the high strength of automotive adhesives also decreases the time required for welding and sealing compared to traditional joining methods. this strengthens the demand of automotive adhesives among automobile manufacturers. the emergence of greenhouse gases has caused a rise in awareness regarding reducing carbon footprints and also pollution, resulting in the demand for electrical cars. as per research, it is expected that by 2032, more than 25 percent of cars manufactured globally shall be electric. this is estimated to be the major factor in driving the demand for automotive adhesives for their lightweight, efficient and cost-effective nature. the economics of automotive adhesives are also favorable when compared to other traditional joining methods. adhesives offer a better quality of finish compared to welding, brazing or riveting while also being more cost effective. automotive adhesives are also preferred over welding for joining plastic and metal surfaces as they offer higher resistance to heat, water and other environmental factors. furthermore, improved production technologies have allowed the use of evolved solvent free adhesives, as opposed to traditional solvent-based adhesives in automotive manufacturing, thereby allowing for improved performance and a safer environment. this is growing the demand for automotive adhesives further. the growing need to reduce manufacturing cost and time along with the demand for environment friendly solutions is expected to sustain the demand of automotive adhesives in the coming years. automobile manufacturers are looking to utilize adhesives more for joining surfaces, and this trend is expected to continue in the years to come. this is making the market of automotive adhesives more attractive and is increasing demand in the long run.

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