According to a new market report published by
Lucintel, the future of adhesives in the Canadian automotive industry looks attractive
with opportunities in the passenger car and light commercial vehicle segments. Adhesives
in the Canadian automotive industry are forecast to grow at a CAGR of 4.2% by
value from 2016 to 2021. The major driver for growth of this market is increase
in the demand for lightweight materials in the automotive industry.
In this market, epoxy, polyurethane, and
acrylic are the major adhesives by product types used in the automotive
industry. On the basis of its
comprehensive research, Lucintel forecasts that polyurethane adhesive is
expected to show above-average growth during the forecast period.
Within
the adhesives in the Canadian automotive industry, the polyurethane adhesive segment
is expected to remain as the largest market. It has better mechanical
properties and increasing demand for lightweight materials in the automotive
industry are expected to drive adhesive consumption, which would spur growth
for this segment over the forecast period.
In
this market, passenger car is expected to remain as the largest segment due to
increasing demand for lightweight materials in automotive industry.
For business expansion, report suggests
innovation and new product development to reduce curing time, excellent
adhesion, superior stress durability, improve cohesion strength, and improve 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 automotive applications and development of new
silicone-based electrically conductive adhesives in automotive sensor
applications. Henkel AG & Co KGaA, 3M Company, The Dow Chemical Company, Sika
AG., and H.B. Fuller, are the major manufacturers of adhesives in the Canadian automotive
industry.
Lucintel, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities for adhesives in the Canadian
automotive industry by product type, vehicle, and application type and has come up with a comprehensive
research report, “Growth
Opportunities for Adhesives in the Canadian 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 Canadian automotive industry by product
type, vehicle, and application type as follows:
By Product [Volume M lbs and $M Shipment
analysis for 2010 to 2021]:
·
Epoxy Adhesives
·
Polyurethane Adhesives
·
Acrylic Adhesives
·
Other Adhesives
By Vehicle [Volume M lbs and $M Shipment analysis for
2010 to 2021]:
·
Passenger Car
·
Light Commercial Vehicles
By Application [Volume M lbs and $M Shipment analysis for 2015
and 2021]:
·
Structural Components
·
Non-Structural Components
This 102-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 Canadian
automotive industry by product type (epoxy, polyurethane, acrylic, and others),
vehicle type (passenger car and light commercial vehicle), and application type
(structural and non-structural)?
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?
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