DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d2btl2/china_automotive) has announced the addition of the "China Automotive Adhesives Market Forecast & Opportunities, 2018" report to their offering.
According to China Automotive Adhesives Market Forecast & Opportunities, 2018, the automotive adhesives market in the country is expected to grow at the CAGR of more than 16% in terms of volume during 2013-2018. The government of China plans to introduce more than 1 Million electric vehicles by 2020 which is further expected to drive the market for automotive adhesives. The reduction of vehicle weight by hundred kilogram is expected to reduce the fuel consumption by 0.35 litre per 100 kilometres, as a result of improved fuel economy, improved vehicle balance and handling. As a result, several OEM manufacturers are introducing hybrid body structures, which incorporates plastic and composite materials in combination with traditional steel and light alloy components. The deployment of these components is expected to drive the demand for automotive adhesives, due to their capability to join difficult-to-bond substrates. The report also forebodes that Henkel (China) Co. Ltd. is set to account for majority of the sales of automotive adhesives by 2018.
Companies Mentioned:
- 3M China Limited
- Bostik China
- Dow Chemical (China) Investment Co., Ltd.
- H.B. Fuller (China) Adhesives Co. Ltd.
- Henkel (China) Co. Ltd
- Huntsman
- PPG Management (Shanghai) Co. Ltd.
- Sika (China) Limited
For more information visit http://www.researchandmarkets.com/research/d2btl2/china_automotive
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