According to a new market report published by
Lucintel, the future of adhesives in the global composites industry looks attractive
with opportunities in the automotive, aerospace, wind energy, marine, and other
industries. Lucintel forecasts that adhesives in the global composites industry
will grow at a CAGR of 7.3% from 2015 to 2020. The major drivers of growth for this
market are the growth of end use industries, increasing focus of original
equipment manufacturers on weight reduction with cost advantage, and
replacement of fasteners with adhesives.
In this market, epoxy and polyurethane adhesives
are mainly used in composites industry. Lucintel predicts that the demand for adhesives
in the composites industry will experience a good growth during the forecast
period, supported by growing demand in end user industries. On the basis of
comprehensive research, Lucintel forecasts that the automotive and aerospace
segments will show above average growth during the forecast period.
Within adhesives
in the global composites industry, the automotive segment is likely to remain
as the largest application by both value and volume. Increasing
focus of automotive manufacturers on weight reduction and growing vehicle
production in emerging markets are the major driving forces that are
anticipated to spur growth for this segment over the forecast period.
APAC is expected to remain the largest market
due to the growing wind energy industry and automotive production in
this region.
North America is expected to show the highest
growth over the forecast period due to increasing demand for composite
materials in the automotive and aerospace industries and replacement of
fasteners with adhesives.
For market expansion, this report suggests innovation
and new product development, where the unique characteristics of adhesives can
be capitalized. Some of the innovation could be in the areas of faster curing,
high temperature, and fire retardant adhesive.
Emerging trends for
adhesives in the global composites industry, which have a direct impact on the
dynamics of the industry, include increased usage of adhesives in composite
applications and development of new adhesives with a faster curing time. Henkel,
3M, Momentive, Dow Chemical, and Huntsman are among the major suppliers of adhesives
in the composites industry.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed adhesives in the global composites industry by end-use application,
product type, and region and has come up with a comprehensive research report,
“Growth
Opportunities for Adhesives in the Global Composites Industry
2015-2020: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a
springboard for growth strategy, as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast for
adhesives in the global composites industry through 2020, segmented by end-use application,
product type, and region as follows:
By end-use application [value ($ million) and
volume (million pounds) shipment analysis from 2009 to 2020]:
·
Automotive
·
Aerospace
·
Wind Energy
·
Marine
·
Others
By product type [value ($ million) and volume
(million pounds) shipment analysis from 2009 to 2020]:
·
Other Adhesives
By region [value ($ million) and volume (million pounds)
shipment analysis from 2009 to 2020]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This 180-page research report will enable you to make confident business
decisions in this globally competitive marketplace. For a detailed table of
contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/reports/chemical_composites/growth_opportunities_for_adhesives_in_global_composites_industry_2015_2020_trend_forecast_and_opportunity_analysis_december_2015.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategy for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A, and due diligence services to executives and key decision-makers in
a variety of industries. For further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.
1. What are some of the most promising, high-growth opportunities for adhesives
in global composites industry by application, product type, and region?
Q.
2.Which product segments will grow at a faster pace and why?
Q.
3.Which region will grow at a faster pace and why?
Q.4.What
are the key factors affecting market dynamics? What are the drivers and challenges
in the market?
Q.5.What
are the business risks and competitive threats in this market?
Q.6.What
are emerging trends in this market and reasons behind them?
Q.7.What
are some changing requirements and demands of customers in the market?
Q.8.What
are the new developments in the market and which companies are leading these
developments?
Q.9.Who
are the major players in this market? What strategic initiatives are being
taken by key companies for business growth?
Q.10.
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via materials / product
substitution?
Q.
11. What M & A activities have transpired in the last 5 years in this
market and describe their impact on the industry?
