According to a new market report published by Lucintel, the future of Brazilian automotive adhesives market looks good with opportunities in the passenger car and light commercial vehicles. Adhesives in the Brazilian automotive industry are expected to reach an estimated $215 million by 2021 and are forecast to grow at a CAGR of 7.7% by value from 2016 to 2021. The major drivers of growth for this market are growth in the production of passenger car and light commercial vehicles, and an increase in the demand for lightweight materials.
Browse 18 market data tables and 51 figures spread through 90 pages and in-depth TOC on “Brazilian Automotive Adhesives Market"
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In this market, epoxy, polyurethane, and acrylic are the major adhesives 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.
Polyurethane adhesive is expected to remain the largest segment for Brazilian automotive adhesives market. Polyurethane adhesive has better properties, and growth in the vehicles production is 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 the largest segment due to an increase in passenger car production and increasing use of lightweight materials in automotive applications.
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Adhesive usage in non-structural application is expected to remain the largest segment due to its usage in bonding non-structural automotive parts made of lightweight materials.
For business expansion, the report suggests innovation and new product development to reduce curing time, improve cohesion strength, and improved 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.
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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 Brazilian 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 Brazilian automotive adhesives market by product type, vehicle type, application type, and region, and has compiled a comprehensive research report entitled “Growth Opportunities for Adhesives in the Brazilian 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 Brazilian automotive adhesives market by product type, vehicle type, application type, and region, as follows:
Brazilian automotive adhesives market by Product Type [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
Epoxy Adhesives
Polyurethane Adhesives
Acrylic Adhesives
Other Adhesives
Brazilian automotive adhesives market by Vehicle Type [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
Passenger Cars
Light Commercial Vehicles
Brazilian automotive adhesives market by Application Type [Volume M lbs. and $ M Shipment analysis for 2015 and 2021]:
Structural Components
Non-Structural Components
Brazilian automotive adhesives market by Region [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
North America
Europe
Asia Pacific
Rest of the World
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This 90-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 click on this link http://www.lucintel.com/toc/adhesives_in_brazilian_automotive_industry_16_-_21.aspx or helpdesk@lucintel.com.
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