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Opportunities For The Global Automotive Adhesive Market To Reach $11.2 Billion By 2025
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]:
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]:
By Structure [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:
By Region [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:
• North America
• Asia Pacific
− South Korea
• The Rest of the World
− 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 email@example.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Due Diligence.
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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