Light Commercial Vehicle Adhesives Market Accelerates with Lightweighting Demand and Structural Innovation

Adhesives are lightweight multipurpose components used by automakers to make cars lighter and tougher. Lightweight commercial vehicle adhesives are increasingly used in the automotive industry for binding numerous vehicle components such as doors, chassis module and others. Furthermore, growth in adoption of adhesives among light commercial vehicle manufacturers reduces the weight of the chassis, improves crash performance, increases toughness of front & rear lateral body and reduces noise & vibration. Numerous important physical properties of the light commercial vehicle adhesives include the ability to bind different types of vehicle parts such as dashboards, door panels, electronics, light covers, lenses and steel & alloyed components together. Therefore, the ability to bind different materials are anticipated to boost the growth of the light commercial vehicle adhesives market.

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Rise in demand for lightweight & low-carbon emitting vehicle and technological advancements in adhesives from end-use industries drive the growth of the global market. However, instability in prices of raw materials is expected to hamper the growth of the market. On the contrary, increase in demand for low volatile organic compounds (VOCs) and green & sustainable adhesives provide lucrative opportunity for the market growth.

Key Market Players

3M,
Bostik S.A,
DOW Chemical,
Henkel & Co.,
Jowat AG.,
KGaA, H.B. Fuller,
PPG Industries,
Sika AG,
Illinois Tool Works Corp

The commercial industry increases the requirement for a lightweight & compact design to sustain the operating costs, increase the usability and meet consumer expectations. Furthermore, advancement in adhesives such as biomimetic adhesives allow automakers to bind raw materials such as carbon fiber, aluminum, & others, which offer cost saving and performance improvements. Thereby, advancements are required to avoid stress concentration to deliver a lightweight commercial vehicle. Therefore, the advancements in adhesives is expected to boost the growth of the light commercial vehicle adhesives market in the near future.

Low volatile organic compound (VOC) adhesives refer to the components which are not harmful to the environment & humans. Low VOC adhesives are used to bind laminates, soft foams, lightweight material, and others for the construction of light commercial vehicle. Adhesives such as silane modified polymer (SMP) is an advanced form of low VOC adhesive which is odorless and free of isocyanates. Therefore, increase in demand for low volatile organic compounds adhesives is anticipated to drive the growth of the light commercial vehicle adhesives market.

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By Resin Type

Polyurethane
Epoxy
Acrylics
Silicon
Silyl-Terminated Polethers (STP)
Polyamide
Others

By Technology

Hot Melt
Solvent-Based
Water-Based
Pressure Sensitive
Others

Key benefits of the report:

This study presents the analytical depiction of the light commercial vehicle adhesives industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the light commercial vehicle adhesives market.
The current market is quantitatively analyzed to highlight the light commercial vehicle adhesives market growth scenario.
We can also determine adhesives will remain a significant revenue shareholder in the global light commercial vehicle adhesives market through the predictable future.

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