According to a new market report published by
Lucintel, the future of thermoset resins in the global adhesive industry looks good
with opportunities in the automotive and construction applications. The thermoset
resin in global adhesive industry is forecast to grow at a CAGR of 6.4% from
2015 to 2020. The major growth drivers for thermoset resin in the global
adhesive industry are replacement of traditional fasteners with adhesives and growth
in key end-use applications.
In this market, polyurethane and epoxy resins
are the major thermoset resins in the adhesive industry. Lucintel predicts that
the demand for epoxy resin in adhesive industry is likely to experience the
highest growth in the forecast period supported by growing demand in end-use
applications. On the basis of comprehensive research, Lucintel forecasts that automotive
industry is expected to show above average growth during the forecast period.
Within the thermoset resin in the global
adhesive industry, the automotive industry is expected to remain as the largest
market. Growth in the light and commercial vehicle production and replacement
of fasteners with adhesives is expected to spur growth for this segment over
the forecast period.
Asia Pacific is expected to remain the largest
market due to growth in end use applications and increasing use of adhesives in
place of traditional fasteners.
Europe, Asia Pacific, and Rest of the World
are expected to witness above average growth over the forecast period because of
growth of the automotive and construction industry.
For market expansion, the
report suggests new product development with fast ambient cure, low-modulus,
and high-elongation, where the unique characteristics of thermoset resin can be
capitalized. Emerging
trends, which have a direct impact on the dynamics of the industry, include the
emergence of adhesive with bio-based thermoset resin and increasing application
of two part polyurethane adhesive. Dow Chemicals, BASF SE, Huntsman, Momentive,
and Bayer AG are among the major players of thermoset resin in the global
adhesive industry.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed thermoset resin in the global
adhesive industry by chemistry, end use application, and region, and has come
up with a comprehensive research report, “Growth
Opportunities for Thermoset Resin in Global Adhesive Industry 2015-2020: Trend,
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 the thermoset resin in the global adhesive industry through 2020, segmented by chemistry, end use
application, and region as follows:
By chemistry [volume (M lbs/Kilo ton) and $ Million
shipments from 2009 to 2020]:
·
Others
By end use application [volume (M lbs/Kilo
ton) and $ Million shipment from 2009 to 2020]:
·
Automotive
·
Construction
·
Aerospace and Defense
·
Wind Energy
·
Others
By region [volume (M lbs/Kilo ton) and $ Million shipment
from 2009 to 2020]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This
144-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_thermoset_resin_market_in_global_adhesive_industry_2015_2020_trends_forecast_and_opportunity_analysis_october_2015.aspx or
helpdesk@lucintel.com.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies 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.How big the opportunities for thermoset resin in global adhesive industry by
chemistry, end use application, and region?
Q.
2.Which 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 of the market?
Q.5.What
are the business risks and threats of this market?
Q.6.What
are emerging trends in this market and reasons behind it?
Q.7.What
are some changing demands of customers in the market?
Q.8.What
are the new developments in the market? Which companies are leading these
developments?
Q.9.Who
are the major players in this market? What strategic initiatives are taken by
key players for business growth?
Q.10.How
is the competitive rivalry and threat of substitution in this market?
Q.
11.How many M & A activities happened during last 1- 2 years and what are
their impacts?
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