Press release
Opportunities for adhesives in the German automotive industry to reach $1.1 billion by 2021
Insights that Matter
In this market, epoxy, polyurethane, and acrylic are the major adhesive by product type 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 German automotive industry, the polyurethane adhesives segment is expected to remain as the largest market. Due to its high strength and stiffness at high elongation levels in the automotive industry are expected to drive adhesives consumption, which would spur growth for this segment over the forecast period.
In this market, passenger car is largest segment by vehicle type and it is expected to remain as the largest segment due to increase in passenger car production, increasing use of lightweight materials
Adhesives usage in non-structural application is expected to remain the largest segment due to its varied usage in bonding aluminum hood, lift gates, aluminum body panels, doors and other non-structural automotive parts made of lightweight materials.
For business expansion, report suggests innovation and new product development to reduce curing time, improved cohesion strength and improved temperature resistance adhesives. 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 vehicles and development of new silicone-based electrically conductive adhesives in automotive sensor applications. Henkel AG & Co KGaA, 3M Company, Dow Chemical Company, Sika AG., and H.B. Fuller Co., are the major suppliers of adhesives in the German automotive industry. Some companies are opting for merger & acquisition as strategic initiatives for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for adhesives in the German automotive industry by product type, vehicle type, application type, and region, and has created a comprehensive research report entitled “Growth Opportunities for Adhesives in the German Automotive Industry 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities for adhesives in the German automotive industry by product type, vehicle type, application type, and region, as follows:
By Product Type [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
• Epoxy Adhesives
• Polyurethane Adhesives
• Acrylic Adhesives
• Other Adhesives
By Vehicle Type [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
• Passenger Cars
• Light Commercial Vehicles
By Application Type [Volume M lbs. and $ M Shipment analysis for 2015 and 2021]:
• Structural Components
• Non-Structural Components
Region [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
• North America
• Europe
• Asia Pacific
• Rest of the World
This 100-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 helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Capital Investment Analysis, Strategic Growth Consulting and Due Diligence.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It 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.
Lucintel LLC
222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA
Ph: +1-972-636-5056 Fax: +1-877-883-5140
marketing@lucintel.com
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