Automotive Adhesives Is Set to Provide Opportunity by 2030

By 2030, the market for automotive adhesive is anticipated to reach a value of $7 billion. The COVID-19 pandemic has been anticipated to damage the sector, owing to constraints on automobile production, and reduced sales on a global scale. The availability of component supplies is another issue that automobile manufacturers are dealing with, which is having an impact on the growth of the automotive adhesive market.

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The automotive adhesives market is expected to witness rapid growth in the coming years, driven by increasing demand for lightweight and fuel–efficient vehicles, growing popularity of electric vehicles, and stringent government regulations on vehicle emissions. The market is also gaining traction due to the growing number of automotive production facilities globally, along with the increasing demand for advanced adhesives for interior and exterior parts. Adhesives are increasingly being used in automotive production due to their excellent properties, such as strong bond strength, abrasion resistance, and temperature resistance. They also offer improved aesthetics, which is a major factor driving their demand in this sector. In addition, the development of eco–friendly adhesives, such as water–based adhesives and solvent–free adhesives, is expected to further drive the market growth.

Lithium Carbonate Market Segmentation

Fact.MR has studied the lithium carbonate market with a detailed segmentation on the basis of purity, grade, application, and key regions.

Purity

• 98.5% – 99.4%

• 99.5% – 99.8%

• 99.9%

Grade

• High Purity

• Battery

• Pharmaceutical

Application

• Li-ion batteries

• Glass & Ceramics

• Cement Manufacturing

• Aluminum Production

• Pharmaceutical Industry

• Others

Region

• North America

• Europe

• East Asia

• South Asia & Oceania

• Rest of the World