According to a new market report published by Lucintel, the future of adhesives in the globalcomposites industry looks attractive with opportunities in the automotive, aerospace, wind energy,marine, and other industries. Lucintel forecasts that adhesives in the global composites industry willgrow at a CAGR of 7.3% from 2015 to 2020. The major drivers of growth for this market are the growthf end use industries, increasing focus of original equipment manufacturers on weight reduction with
cost advantage, and replacement of fasteners with adhesives.
In this market, epoxy and polyurethane adhesives are mainly used in composites industry. Lucintelpredicts that the demand for adhesives in the composites industry will experience a good growth duringthe forecast period, supported by growing demand in end user industries. On the basis ofcomprehensive research, Lucintel forecasts that the automotive and aerospace segments will showabove average growth during the forecast period.
Within adhesives in the global composites industry, the automotive segment is likely to remain as thelargest application by both value and volume. Increasing focus of automotive manufacturers on weightreduction and growing vehicle production in emerging markets are the major driving forces that areanticipated to spur growth for this segment over the forecast period.APAC is expected to remain the largest market due to the growing wind energy industry and automotiveproduction in this region.
North America is expected to show the highest growth over the forecast period due to increasingdemand for composite materials in the automotive and aerospace industries and replacement offasteners with adhesives.
For market expansion, this report suggests innovation and new product development, where the uniquecharacteristics of adhesives can be capitalized. Some of the innovation could be in the areas of fastercuring, high temperature, and fire retardant adhesive.
Emerging trends for adhesives in the global composites industry, which have a direct impact on thedynamics of the industry, include increased usage of adhesives in composite applications anddevelopment of new adhesives with a faster curing time. Henkel, 3M, Momentive, Dow Chemical, andHuntsman are among the major suppliers of adhesives in the composites industry.
Lucintel, a leading global strategic consulting and market research firm, has analyzed adhesives in theglobal composites industry by end-use application, product type, and region and has come up with acomprehensive research report, “Growth Opportunities for Adhesives in the Global CompositesIndustry 2015-2020: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as aspringboard for growth strategy, as it provides a comprehensive data and analysis on trends, keydrivers, and directions. The study includes a forecast for adhesives in the global composites industrythrough 2020, segmented by end-use application, product type, and region as follows:
By end-use application [value ($ million) and volume (million pounds) shipment analysis from 2009 to2020]:
- Wind Energy
By product type [value ($ million) and volume (million pounds) shipment analysis from 2009 to 2020]:
- Epoxy Adhesive
- Polyurethane Adhesive
- Other Adhesives
By region [value ($ million) and volume (million pounds) shipment analysis from 2009 to 2020]:
- North America
- Asia Pacific
- Rest of the World
This unique report from Lucintel will provide you with valuable information, insights, and tools needed toidentify new growth opportunities and operate your business successfully in this market. This report willsave hundreds of hours of your own personal research time and will significantly benefit you inexpanding your business in this market. In today’s stringent economy, you need every advantage thatyou can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. Thismarket report fulfills this core need and is an indispensable reference guide for multinational materialssuppliers, product manufacturers, investors, executives, distributors, and many more that operate in thismarket.
Some of the features of “Growth Opportunities for Adhesives in Global Composites Industry 2015-2020:Trend, Forecast, and Opportunity Analysis” include:
- Market size estimates: Adhesives in global composites industry size estimation in terms of volume (M lbs.) and value ($M) shipment.
- Trend and forecast analysis: Adhesives in global composites industry trend (2009-2014) and forecast (2015-2020) by region, product type, and end-use application.
- Segmentation analysis: Adhesives in global composites industry size by product type and enduse application.
- Regional analysis: Adhesives in global composites industry breakdown by key regions, such as North America, Europe, Asia Pacific, and Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different end-use applications, product type, and regions.
- Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of adhesives suppliers in global composites industry.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.