According to a new market report published by
Lucintel, the future of adhesives in the Brazilian automotive industry looks good
with opportunities in the passenger car and light commercial vehicles. Adhesives
in the Brazilian automotive industry are expected to reach an estimated $215
million by 2021. Adhesives in the Brazilian automotive industry are forecast to
grow at a CAGR of 7.7% by value from 2016 to 2021. The major drivers of growth
for this market are growth in the production of passenger car and light
commercial vehicles, and increase in the demand for lightweight materials.
In this market, epoxy, polyurethane, and acrylic
are the major adhesives by product type which are used in the automotive industry.
On the basis of its comprehensive research, Lucintel forecasts that the polyurethane
adhesives and epoxy adhesives segments are expected to show above average
growth during the forecast period.
Polyurethane
adhesive is expected to remain as the largest segment for adhesives in the
Brazilian automotive industry. It has some better properties and growth in the
vehicles production is expected to drive adhesive consumption, which would spur
growth for this segment over the forecast period.
In
this market, passenger car is largest segment by vehicle type and it is
expected to remain as the largest segment due to increase in passenger car
production and increasing use of lightweight materials in automotive
applications.
Adhesive
usage in non-structural application is expected to remain the largest segment
due to its usage in bonding non-structural automotive parts made of lightweight
materials.
For business expansion, report suggests
innovation and new product development to reduce curing time, improve cohesion
strength, and improved high temperature resistance. The report further suggests
the development of partnerships with customers to create win-win situations and
development of low-cost solutions for customers.
Emerging trends, which have a direct impact on
the dynamics of the industry, include increasing use of composites and
lightweight materials in vehicles and development of new silicone-based electrically conductive
adhesives in automotive sensor applications. Henkel AG & Co KGaA, 3M
Company, Dow Chemical Company, Sika AG., and H.B. Fuller Co., are the major suppliers
of adhesives in the Brazilian automotive industry. Some companies are opting
for merger & acquisition as strategic initiatives for driving growth.
Lucintel, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities for adhesives in the Brazilian
automotive industry by product type, vehicle, and application type and has come up with a comprehensive
research report, “Growth
Opportunities for Adhesives in the Brazilian Automotive Industry 2016-2021:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring
board for growth strategy as it provides a comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the growth
opportunities for adhesives in the Brazilian automotive industry by product
type, vehicle, and application type as follows:
By Product Type [Volume M lbs. and $ M
Shipment analysis for 2010 to 2021]:
·
Epoxy Adhesives
·
Polyurethane Adhesives
·
Acrylic Adhesives
·
Other Adhesives
By Vehicle Type [Volume M lbs. and $ M Shipment analysis for
2010 to 2021]:
·
Passenger Cars
·
Light Commercial Vehicles
By Application Type [Volume M lbs. and $ M Shipment analysis for
2010 to 2021]:
·
Structural Components
·
Non-Structural Components
This 89-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 helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Capital Investment Analysis, Strategic Growth Consulting and Due Diligence.
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 10 key questions:
Q. 1 What
are some of the most promising, high-growth opportunities for adhesives in the Brazilian
automotive industry by product type, by vehicle type, and by application type?
Q. 2 Which product segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and competitive threats in this market?
Q.5 What are emerging trends in this market and
reasons behind them?
Q.6 What are some changing demands of customers
in the market?
Q.7 What are the new developments in the
market? Which companies are leading these developments?
Q.8 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.9 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.10
What M & A activity has transpired
in the last 5 years in this market and what is its impact on the industry?
