According to a new market report published by
Lucintel, the future of the global automotive adhesive market looks promising with opportunities in passenger
car and light commercial vehicles. The global automotive adhesive market is expected to reach an estimated $11.2
billion by 2025 with a CAGR of 5.1% from 2020 to 2025. The major drivers for
this market are increasing demand for lightweight materials in vehicle
manufacturing and replacement of mechanical fasteners with adhesives to make
vehicles lighter and to meet higher fuel economy requirements.
In this market, epoxy, polyurethane, and
acrylic adhesives are used in various automotive applications. Lucintel
forecasts that polyurethane
adhesive will remain the largest segment due to its low price, durability, and
performance. Epoxy adhesive is expected to witness the highest growth during the forecast period due to its high
strength, resistance to chemicals and environments, and its ability to adhere to
a wide variety of materials.
Within this market, adhesives for passenger
car will remain the largest segment due to the growth in production of small
and compact cars. Lucintel predicts that adhesive for light commercial vehicle
is expected to witness the highest growth during the forecast period supported
by increase in sales of commercial vehicle.
Asia Pacific will remain the largest market and it is also expected to witness the highest growth over the forecast
period due to growth in automotive industry in China, Japan, India, and other
Asian countries.
Emerging trends, which have a direct impact on
the dynamics of the industry, include increasing use of composites and lightweight materials in vehicles
and new silicone-based electrically conductive adhesives in various automotive
applications, and increasing applications of two component polyurethane
adhesives. Henkel, 3M, Sika,
Arkema, and HB Fuller are the major manufacturer of automotive adhesive.
Lucintel, a leading global strategic consulting and market research
firm, has analyzed growth opportunities in the global automotive adhesive market by resin type, vehicle type, application, structure,
and region. Lucintel has compiled a comprehensive research report entitled “Growth
Opportunities in the Global Automotive Adhesive Market 2020-2025: Trends,
Forecast, and Opportunity Analysis”. The Lucintel report serves as a
catalyst for growth strategy, as it provides comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the
global automotive adhesive
market by resin type, vehicle type, application, structure, and region, as
follows:
By Resin Type [Volume (M lbs) and $M shipment
analysis for 2014 – 2025]:
- Epoxy
- Polyurethane
- Acrylic
- Others
By Vehicle Type [Volume (M lbs) and $M
shipment analysis for 2014 – 2025]:
- Passenger Car
- Light Commercial Vehicle
By Application [Volume (M lbs) and $M shipment
analysis for 2014 – 2025]:
- Interior
- Exterior
By Structure [Volume (M lbs) and $M shipment
analysis for 2014 – 2025]:
- Structural
- Non-Structural
By Region [Volume (M lbs) and $M shipment analysis for
2014 – 2025]:
- North
America
−
USA
−
Mexico
−
Canada
- Europe
−
Germany
−
Spain
−
France
−
Russia
−
UK
−
Italy
- Asia
Pacific
−
China
−
Japan
−
India
−
South Korea
−
Thailand
- The Rest of the World
−
Brazil
−
Turkey
−
South Africa
This
220-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 email us at helpdesk@lucintel.com. Lucintel
offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Opportunity
Screening and Analysis, Strategic
Growth Consulting and Due Diligence.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. Lucintel 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 the following 11 key questions:
Q.1. What are
some of the most promising, high-growth opportunities for the automotive
adhesive market by resin type (epoxy,
polyurethane, acrylic and others), vehicle
type (passenger car and light commercial vehicle), application (interior and exterior), structure (structural
and non-structural), and region (North America, Europe, Asia Pacific, and the Rest
of the World)?
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 key challenges and business risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are
the emerging trends in this market and the reasons behind them?
Q.7. What are
some of the 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 key players pursuing for business
growth?
Q.10.
What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
material or product substitution?
Q.11.
What M&A activity has occurred in
the last 5 years and what has its impact been on the industry
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