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Germany Automotive Adhesives and Sealants Market Report Include Major Players, Types and Demand

US, 11 February 2019 -- Growing domestic and international market for German automobiles, including passenger cars and commercial vehicles is expected to drive the Germany automotive adhesives and sealants market.

The Germany automotive adhesives and sealants market is projected to reach $1,156.8 million by 2023. The market growth is mainly driven by the expanding domestic demand as well as exports for German automobiles such as passenger cars and commercial vehicles. Automotive adhesives and sealants are the substances that are used for various bonding and sealing applications in the automotive industry. These materials are chemically similar but functionally different. 

On the basis of type, epoxy was the most widely consumed adhesive and sealant in German automotive industry. Epoxy-based adhesives and sealants offer excellent properties such as higher strength bonds, resistance to chemicals, shock, and impact. Such favorable properties are attributing to the largest share of the category in the Germany automotive adhesives and sealants market.

Request Sample Copy of Report ::
https://www.psmarketresearch.com/market-analysis/germany-automotive-adhesives-and-sealants-market/report-sample


Germany is the one of the largest automotive manufacturers in the world. In Europe, it is the leading automotive market, accounting for significant proportion of total sales of passenger cars in the region. The German made cars have large international market, which results in high exports of automobiles from the country. 

Over the recent years, Germany is one of the emerging market for electric vehicles in the world as large number of owners of electric vehicles are opting for environment friendly mobility solutions. The government of Germany, under its national plan to achieve 1 million electric cars on German roads by 2020, offers various tax incentives to car manufacturers in order to bring down the overall prices of electric vehicles. 

Read summary of report here ::
https://www.psmarketresearch.com/market-analysis/germany-automotive-adhesives-and-sealants-market/


Some of the major players operating in the Germany automotive adhesives and sealants market are Henkel AG & Co. KGaA, DowDuPont Inc., Sika AG, 3M Company, H.B. Fuller Company, and tesa SE.

GERMANY AUTOMOTIVE ADHESIVES AND SEALANTS MARKET SEGMENTATION

By Type

Epoxy
Acrylics
Polyurethanes
Rubber
Polyvinylchloride (PVC)
Silicones
Hot Melts

By Application

Body in White (BIW)
Under-The-Hood (UTH) and Power Train
Paint Shop
Assembly

# # #


Submitted by Jacob, P&S Market Research on Monday, 11 February 2019 at 6:22 PM
Category: Business
 
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