LONDON, Sept. 19, 2016 /PRNewswire/ --
Adhesive in the South Korean automotive industry is forecast to grow at a CAGR of 6.8% by value from 2016 to 2021. The major drivers for growth of this market are growth in the production of light commercial vehicles and passenger car as well as increasing demand for lightweight materials.
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 fast cure adhesives. Henkel AG & Co KGaA, The 3M Company, HB Fuller, Sika AG, and Huntsman are the major supplier of adhesives in the South Korean automotive industry.
A total of 58 figures / charts and 19 tables are provided in this 94-page report to help in your business decisions. Sample figures with some insights are shown below.
The study includes a forecast for adhesives in the South Korean automotive industry by product, vehicle, and application as follows:
By Product (Volume M lbs. and $M Shipment from 2010 to 2021)
Epoxy Adhesives Polyurethane Adhesives Acrylic Adhesives Other Adhesives
By Vehicle (Volume M lbs. and $M Shipment from 2010 to 2021)
Passenger Car Light Commercial Vehicles
By Application (Volume M lbs. and $M Shipment for 2015 and 2021)
Structural components Non-structural components
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 South Korean automotive industry, the polyurethane adhesives segment is expected to remain as the largest market. It has better mechanical properties and increase in automotive production 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 the growth of passenger car production.
This report answers following 10 key questions:
Q.1. What are some of the most promising, high-growth opportunities for adhesives in the South Korean 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?
Some of the features of "Growth Opportunities for Adhesives in the South Korean Automotive Industry 2016-2021: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Growth opportunities for adhesives in the South Korean automotive industry size estimation in terms of value ($M) and volume (million pounds) shipment.Trend and forecast analysis: Adhesives in the South Korean automotive industry trend (2010-2015) and forecast (2016-2021) by product type, vehicle type and application type.Segmentation analysis: Adhesives in the South Korean automotive industry by various Product type (epoxy, polyurethane, acrylic and other), vehicle type (passenger car (SUV, luxury car, & car) and light commercial vehicle) and by application type (structural, nonstructural, interior and exterior) in terms of value and volume.Growth opportunities: Analysis on growth opportunities by vehicle type and product type. Strategic analysis: This includes M&A, new products, competitive landscape, and expansion strategies of adhesives in the South Korean automotive industry suppliers.Emerging trends: Emerging Trends of adhesives in the South Korean automotive industry. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
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