Malaysia Automotive Adhesives Market Outlook

malaysia is one of the most dynamic automotive markets in the world and is increasingly becoming a strong supplier of automotive adhesive, in both its domestically sourced production and imports, as well as its exports. as a major automotive production hub in the region, the malaysian adhesive market is well-positioned to capitalise on opportunities in the local and regional automotive industries. the malaysian automotive adhesive market is expected to experience a positive outlook in the forecast period 2018-2032. the growing demand for advanced adhesives, particularly in the automotive industry, is a contributing factor towards the positive growth of the market. the increasing trend of light-weight vehicles and the evolution of alternative drive technologies are expected to spur the demand for high-performance automotive adhesives. moreover, the expected rise in the automotive production rate for vehicles such as passenger cars, commercial vehicles, two-wheelers, and others is likely to further boost the demand for automotive adhesives in the calculation period. the increasing number of local players and foreign investments in automotive manufacturing have enabled malaysia to become a major supplier of automotive adhesives to the regional market. in addition, the increasing use of bio-based resins and technologies to replace conventional automotive adhesives is transforming the malaysian automotive adhesive market in terms of manufacturing processes. the importance of polyurethane and acrylates in the automotive adhesive production is likely to rise, due to the recent advances in technology and rise in its applications. in the coming years, the automotive adhesive market in malaysia is set to benefit from the favourable investments of private and government initiatives. moreover, ongoing efforts to increase product mix for local and global players in the market is also expected to drive the demand for automotive adhesives in the country. with the current trend of light-weight vehicle production, the role of automotive adhesives in their production has become increasingly important. industrial and technological advancements, along with stringent regulations on the quality of adhesives produced in the country, are also likely to further support the growth of the automotive adhesive market in the forecast period.