According to a research estimate, adhesives in the global automotive industry are expected to grow
at a CAGR of 9 per cent in five years. The major drivers for automotive adhesive are increasing
penetration of lightweight materials and rising vehicle production. Automotive manufacturers are
replacing screws, nuts, bolts, rivets, and welds with adhesives to making vehicles lighter and meet
higher fuel economy requirements. Bonding of different lightweight materials without compromising
the structural disruption of automotive components drives the adhesive market. Asia Pacific has been
the top region in terms of total adhesive consumption due to an increase in the production of cars
and light commercial vehicles in China and India.
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