Germany automotive adhesives market: 6% CAGR expected between 2013-2018

Press Release   •   Jul 16, 2013 11:44 BST

The Germany automotive adhesives market is expected to grow at the CAGR of 6% till 2018. The government of Germany plans to manufacture 1 Million electric vehicles by 2020, to cater to the growing demand for energy efficient vehicles. In order to manufacture light weight vehicles, it becomes essential for the manufacturers to use adhesives. The growing requirement for adhesives necessitates its high volume application in automotive because of which the market is expected to grow during the forecasted period.

Germany's automotive industry is one of the largest emitters of carbon dioxide, resulting in environmental degradation due to which new norms are being framed by Government to control the carbon emission levels. The noncompliance of these regulations attracts high carbon taxes. In order to reduce the CO2 emissions, automotive manufactures are developing ways to improve fuel efficiency of the vehicles. One of the ways includes usage of composite materials or lightweight materials to reduce the weight of vehicle which will ultimately improve the fuel efficiency.

The deployment of alternative/ composite materials requires usage of adhesives. In 2012, the average weight of a passenger car was around 3,500 pounds and during the same period an average vehicle utilized 33 pounds of adhesives. The need to further reduce weight of the vehicles will contribute to additional volume application of automotive adhesives.

For more information on the Germany automotive adhesives market, see the latest research: Germany Automotive Adhesives Market Research

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