Automotive Adhesive Market to Witness Increased Demand for Water-Based Offerings, Says FACT.MR
The automotive adhesive market is expected to reach a US$ 7 billion valuation by the end of 2030. The global coronavirus pandemic has been estimated to impact the automotive adhesives sector owing to international lockdown restrictions on day-to-day operations of the automotive industry. Also, disruptions in raw material supplies and sharp reductions in automotive sales during the crisis will hurt short term industry prospects. Long-term prospects of the industry are positive owing to the transition towards electric and hybrid automobiles.