According to a new market report published by Lucintel, the future of German automotive adhesives market looks good with opportunities in the passenger car and light commercial vehicles. Adhesives in the German automotive industry are expected to reach an estimated $1.1 billion by 2021 and are forecast to grow at a CAGR of 8.4% 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 increase in the demand for lightweight materials.
Browse 18 market data tables and 58 figures spread through 98 pages and in-depth TOC on “German Automotive Adhesives Market"
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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.
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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.
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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 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 German automotive adhesives market by product type, vehicle type, application type, and region, as follows:
German 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
German automotive adhesives market by vehicle Type [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
Passenger Cars
Light Commercial Vehicles
German automotive adhesives market by application Type [Volume M lbs. and $ M Shipment analysis for 2015 and 2021]:
Structural Components
Non-Structural Components
German 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 98-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_german_automotive_industry_2016_2021.aspx or helpdesk@lucintel.com
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