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South Korean chemicals firm LG Chem Ltd announced that it is expanding its presence in the global mobility market.

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LG Chem, South Korea’s leading chemicals company, is ramping up its automotive adhesives business as the rising market for electronic components in vehicles is expected to fuel demand.

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The company expects the overall global automotive adhesives market to grow from US$6.7 billion in 2024 to $13.0 billion by 2030, driven by “rising demand for electronic components due to ...