Automotive

LNG Bunkering Market is likely to grow at an impressive CAGR of 46% during the forecast period. Revolutionary trends towards clean energy combined with strict government regulations to reduce airborne emissions including sulfur and nitrous oxide will lead the LNG bunkering market during the forecast period.

The growth in the demand for fluoropolymers in the automotive industry has been outpacing the growth of the overall automotive industry for the last two eons. It is estimated that this growth momentum is likely to maintain in the long-term scenario, assisting the market to cross the unprecedented landmark figure of US$ 1.2 billion by 2025.

Automotive software market is likely to witness an impressive CAGR of 12.8% during the forecast period. The growing demand for automotive software is mainly due to stringent government regulations focusing on the safety of the vehicle coupled with fast adoption of AI and IoT in vehicles to better assist the drivers, which is likely to drive the market during the forecast period.

Automotive Adhesives Market is likely to witness an impressive CAGR of 5.5% during the forecast period. The ability of adhesives to reduce vehicle weight, increase fuel efficiency, and lower carbon emissions is the key factor driving the demand for automotive adhesives, globally.

The Automotive Advanced Driver Assistance Systems Market is projected to experience an excellent double digit CAGR of >10% over the next five years to reach US$ 30.1 billion in 2025, driven by rising consumers’ preferences for safety features, advancement in technology, introduction of more stringent norms, and organic growth in the global automobile production.

Automotive Plastics Market is likely to witness a healthy CAGR of 10.5% during the forecast period. The growing demand for automotive plastics is majorly because of their lightweight property that significantly helps in weight reduction of vehicles and enables to achieve better fuel efficiency. This is a major key driver underpinning the growth of the market during the forecast period.

Electric Vehicle Insulation market is likely to witness an impressive CAGR of 26.7% during the forecast period. The surge in production of electric vehicle insulation in countries such as China, the US, and Germany, among other countries, is likely to bolster the market growth for electric vehicle insulation, during the forecast period.