The US automotive adhesives market is anticipated to grow at a CAGR of 7.1% over the forecast period (2020-2026). The key factor that drives the growth of the US automotive adhesives market is the increased demand for automotive adhesives from key manufacturers present in the country such as Ford, General Motors Co., and Tesla Inc. These companies are heavily investing in their production sites in order to manufacture light-weight, fuel-efficient, comfortable, and convenient vehicles.
Browse the full report description US Automotive Adhesives Market Size, Share & Trends Analysis Report by Resin Type (Polyurethanes, Polyamide, Acrylics, Silicone, Epoxy, SMP, MMA, and Others), By Adhesive Type (Tapes & Films, Liquid Gasket, Structural, Thread Locks & Retainers, and Others), By Applications (Assembly, Body in White (BIW), Glazing, Paint, Upholstery, and Others), By Vehicle Type (Passenger Vehicle, Two-Wheeler, and Commercial Vehicle) By Sales Channel (OEM & Auto-Ancillaries and Aftermarket) Forecast, 2020-2026 at https://www.omrglobal.com/industry-reports/us-automotive-adhesives-market
There has been an increased use of composites, light-weight and modern materials including automotive adhesives for the manufacturing and assembly of the vehicle’s body. Hence, increased utilization of automotive adhesives in automotive applications is likely to upsurge the growth of the US automotive adhesives market in the country over the forecast period.
However, the outbreak of the COVID-19 has slowed down the process. The company operating in the market has faced significant hurdles in the production as well as the supply of automotive adhesives to the automakers due to the COVID-19 pandemic. Nevertheless, the footprints of the players along with their contributions such as novel product innovations and launches are likely to create a wide scope for the growth of the market in the near future.
The advent of novel silicon-based electrically conductive adhesives for automotive applications such as sensors supports market growth. Besides, the introduction of fast cure adhesives by the manufactures to speed up the work also contributes to the growth of the market over the forecast period.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
US Automotive adhesives Market – Segmentation
By Resin Type
By Adhesive Type
By Application
By Application
By Sales Channel
To learn more about this report request a free sample copy
@ https://www.omrglobal.com/request-sample/us-automotive-adhesives-market