Trends, opportunities and forecast in this market to 2021 by product type (epoxy adhesives, polyurethane adhesives, acrylic adhesives, other adhesives), vehicle type (passenger cars, light commercial vehicles), and application type (structural components, non-structural components)
According to a new market report published by Lucintel, the future of adhesives in the Chinese automotive adhesives market looks strong with opportunities in the passenger cars, light commercial vehicles. Chinese automotive adhesives market are forecast to grow at a CAGR of 9 % from 2016 to 2021.
The major drivers of growth for this market are growth in the production of passenger cars and light commercial vehicles, and increased demand for lightweight materials.
Browse 24 market data tables and 63 figures spread through 113 pages and in-depth TOC on “Global Chinese Automotive Adhesives Market"
In this market, epoxy adhesives, polyurethane adhesives, acrylic adhesives, and other adhesives are some of the major segments of automotive adhesives.
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Within the Chinese automotive adhesives market, the polyurethane adhesives segment is expected to remain as the largest market. Diverse applications of polyurethane adhesives in the automotive industry are expected to drive adhesives consumption, which would spur growth for this segment over the forecast period.
For market expansion, report suggests innovation and new product development, where the unique features of automotive adhesives can be capitalized. 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 vehicles, increasing applications of two component polyurethane adhesives, development of new silicone-based electrically conductive adhesives in automotive sensor applications, and development of fast cure and high temperature-resistant adhesives. Henkel AG & Co KGaA, 3M Company, The Dow Chemical Company, Sika AG, and H.B Fuller are the major manufacturers of Chinese automotive adhesives market.
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 adhesives in the Chinese automotive industry by product, vehicle, and application, and has come up with a comprehensive research report, “Growth Opportunities for …tunity 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 Chinese automotive adhesives market through 2021, segmented by product, vehicle, and application type as follows:
Chinese automotive adhesives market by product ($ million from 2010 to 2021)
- Epoxy Adhesives
- Polyurethane Adhesives
- Acrylic Adhesives
- Other Adhesives
Chinese automotive adhesives market by vehicle ($ million from 2010 to 2021)
- Passenger Cars
- Light Commercial Vehicles
Chinese automotive adhesives market by application ($ million from 2010 to 2021)
- Structural Components
- Non-Structural Components
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