Growth Opportunities in the Automotive Adhesives and Sealants Market in ASEAN 3

Growth Opportunities in the Automotive Adhesives and Sealants Market in ASEAN 3

  • August 2016 •
  • 72 pages •
  • Report ID: 4062686 •
  • Format: PDF
Thailand and Indonesia are Poised to be the Next Frontiers of Growth

The market for automotive adhesives and sealants in the three major auto-producing countries in Southeast Asia—Thailand, Indonesia and Malaysia—is expected to witness robust growth over the next four or five years due to increased auto production in the region and the shift from using welded joints to adhesives to reduce the weight of the vehicle wherever possible. Reduction in fuel consumption and associated exhaust gases are factors which are driving auto producers to use high strength and heat-resistant adhesives and sealants in vehicles. The increase in automotive production in Thailand and Indonesia will drive the usage of adhesives and sealants.

Key Questions this Study will Answer
Is the market growing? How long will it continue to grow, and at what rate?
Which countries in ASEAN will be the largest markets for auto adhesives?
What are the key drivers and restraints for this market?
What are the main megatrends affecting this industry?
Are the products/services offered today meeting customer needs or is additional development needed?