LONDON, Dec. 18, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, the future of adhesives in the US automotive industry looks attractive with opportunities in the passenger car and light commercial vehicles. Adhesives in the US automotive industry are expected to reach an estimated $1,735.3 million by 2021. Adhesives in the US automotive industry are forecast to grow at a CAGR of 8.3% by value from 2016 to 2021. The major growth drivers for this market are growth in the production of light commercial vehicles and passenger car and increase in the demand for lightweight materials.
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 the polyurethane adhesives and epoxy adhesives segments are expected to show above average growth during the forecast period.
Within the adhesives in the US automotive industry, the polyurethane adhesive segment is expected to remain as the largest market. It has better mechanical properties and increase in automotive production is expected to drive adhesive consumption, which would spur growth for this segment over the forecast period.
In this market, light commercial vehicle is expected to remain the largest segment due to growth of light commercial vehicle production and increased use of lightweight materials in automotive applications.
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, development of new silicone-based electrically conductive adhesives in automotive sensor applications, and development of fast cure adhesives. Henkel AG & Co KGaA, The 3M Company, The Dow Chemical Company, Sika AG, and H.B Fuller are the major manufacturers of adhesives in the US automotive industry.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for adhesives in the US automotive industry by product type, vehicle, and application and has come up with a comprehensive research report, "Growth Opportunities for Adhesives in the US 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 adhesives in the US automotive industry by product type, 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
This report answers following 10 key questions:
Q.1. What are some of the most promising, high-growth opportunities for adhesives in the US 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?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities for Adhesives in the US Automotive Industry 2016-2021: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Growth opportunities for adhesives in the US automotive industry size estimation in terms of value ($M) and volume (million pounds) shipment.Trend and forecast analysis: Adhesives in the US automotive industry trend (2010-2015) and forecast (2016-2021) by product type, vehicle type and application type.Segmentation analysis: Adhesives in the US automotive industry by various Product type ( epoxy, polyurethane, acrylic and other), vehicle type (passenger car(SUV & 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 US automotive industry suppliers.Emerging trends: Emerging Trends of adhesives in the US automotive industry. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
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