Automotive Adhesives: A Global Strategic Business Report
San Jose, CA (PRWEB) April 8, 2010
Automotive adhesives are adhesive materials that find application in structural bonding of auto components. Adhesives are credited for revolutionizing the manner in which automobiles are built and designed. During the production of automobiles, adhesives are employed for assembling rubber, plastics, glass, metal, and various other materials. Adhesives are routinely employed in both non-structural and structural automotive applications. Utilizing adhesives for assembling, bonding and laminating the automotive interior parts continues to increase as tier-one suppliers and OEMs realize their technological advantages in increasing the productivity and minimizing their costs.
Asia-Pacific dominates the world automotive adhesives market as stated by the new market research report on Automotive Adhesives market. Buoyed by the Chinese, Indian, Taiwanese and South Korean markets, the Asia-Pacific automotive adhesives market is poised to register the fastest growth across the world. Increasing usage of adhesives in automotive manufacturing and aftermarket applications primarily drives growth in the region. Europe represents the second largest market for automotive adhesives.
Worldwide, the adhesive industry is experiencing moderate growth in the sluggish market conditions. Market conditions in developed nations including US, Europe, Japan and others have reached maturity stage of market life cycle. In order to ward off threats such as falling sales, most of the companies are turning to regions, which offer them sustained demand. Major challenges faced by global adhesive manufacturers include global recession, increasing raw material costs, volatile US dollar, slow economic growth, decline in automotive production, shortage of raw materials, and reduction in consumer expenditure. The reduction in global production among large industrial customers operating in the automotive sector particularly had a significant impact on the production of surface treatment and specialty adhesives segment.
Key players profiled in the report include 3M Company, ADCO Product Inc., Akzo Nobel Car Refinishes BV, Arkema Group, Ashland Inc., BASF SE, Bayer AG, Bostik S.A., Cytec Industries Inc., The Dow Chemical Company, Rohm and Hass Company, E. I. DuPont de Nemours and Company, Forbo Holding AG, H.B. Fuller Company, Henkel AG & Co. KGAA, Huntsman Corporation, Illinois Tool Works Inc., LORD CORPORATION, and Wacker-Chemie AG, among others.
The report titled "Automotive Adhesives: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competitive scenario, product overview, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including The United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan) and Rest of World.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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