According to a new market report published by Lucintel, the future of Canadian automotive adhesives market looks attractive with opportunities in the passenger car and light commercial vehicle segments. Adhesives in the Canadian automotive industry are expected to reach an estimated $314.6 million by 2021and is forecast to grow at a CAGR of 4.2% by value from 2016 to 2021. The major driver for growth of this market is an increase in the demand for lightweight materials in the automotive industry.
Browse 20 market data tables and 59 figures spread through 102 pages and in-depth TOC on “Canadian automotive adhesives market" http://www.lucintel.com/adhesives_canadian_automotive_industry_2016_2021.aspx
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 polyurethane adhesive is expected to show above average growth during the forecast period.
Within the adhesives in the Canadian automotive market, the polyurethane adhesives segment is expected to remain the largest market. It has better mechanical properties and increasing demand of lightweight materials in the automotive industry is expected to drive adhesives consumption, which would spur growth for this segment over the forecast period.
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In this market, passenger car is expected to remain as the largest segment due to increasing demand of lightweight materials in automotive industry.
For business expansion, report suggests innovation and new product development to reduce curing time, excellent adhesion, superior stress durability, improve cohesion strength, and improve 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 automotive applications and development of new silicone-based electrically conductive adhesives in automotive sensor applications. Henkel AG & Co KGaA, 3M Company, The Dow Chemical Company, Sika AG., and H.B. Fuller, are the major manufacturers of adhesives in the Canadian automotive industry.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for adhesives in the Canadian automotive industry by product type, vehicle type, application type, and region, and has created a comprehensive research report entitled “Growth Opportunities for Canadian Automotive Adhesives Market 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 Canadian automotive adhesives market by product type, vehicle type, application type, and region, as follows:
Canadian automotive adhesive market by product [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
Epoxy Adhesives
Polyurethane Adhesives
Acrylic Adhesives
Other Adhesives
Canadian automotive adhesive market by vehicle [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
Passenger Car
Light Commercial Vehicles
Canadian automotive adhesive market by application [Volume M lbs. and $ M Shipment analysis for 2015 and 2021]:
Structural Components
Non-Structural Components
Canadian automotive adhesive 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 102-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_canadian_automotive_industry_2016_2021.aspx or helpdesk@lucintel.com.
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