MARKET OUTLOOK
Among regions, Asia Pacific is expected to be the fastest-growing region in the dispersion adhesives market over the forecast period. Dispersion adhesives are used in automotive industry for interior, exterior and under the hood applications. Rising demand for dispersion adhesives, owing to growth of the automobile industry in the region is expected to drive demand for dispersion adhesives. For instance, according to the China Association of Automobile Manufacturers, over 27 million vehicles were sold in China in 2018. Moreover, according to the same source, the automobile market in China is expected to reach 30 million units by 2020 and 35 million units by 2025.
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