According to a new market report published by Lucintel, the future of adhesives in the Japanese automotive industry looks good with opportunities in the passenger car and light commercial vehicles. Adhesives in the Japanese automotive industry are expected to reach an estimated $683 million by 2021 and are forecast to grow at a CAGR of 3.4% 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.
In this market, epoxy, polyurethane, acrylic, and other adhesives are the major adhesive types used in 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.
Within the Japanese automotive adhesives industry, the polyurethane adhesives segment is expected to remain 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.
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 and 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 hoods, lift gates, aluminum body panels, doors, and other 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 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.
Emerging trends which have a direct impact on the dynamics of the industry include increasing use of composites and lightweight materials in vehicles, development of new silicone-based electrically conductive adhesives in automotive sensor applications. Henkel Japan Ltd., 3M Japan Ltd., Dow Chemical Japan Ltd., Japan Sika Corporation., and Sekisui Fuller Co., Ltd. are the major manufacturers of adhesives in the Japanese automotive industry. Some companies are opting for mergers and acquisitions as strategic initiatives for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for adhesives in the Japanese automotive industry by product type, vehicle type, application type, and region, and has compiled a comprehensive research report entitled “Growth Opportunities for Adhesives in the Japanese 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 adhesives in the Japanese automotive industry by product type, vehicle type, application type, and region, as follows:
By Product [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
- Epoxy Adhesives
- Polyurethane Adhesives
- Acrylic Adhesives
- Other Adhesives
By Vehicle [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
- Passenger Cars
- Light Commercial Vehicles
By Application [Volume M lbs. and $ M Shipment analysis for 2015 and 2021]:
- Structural Components
- Non-Structural Components
Region [Volume M lbs. and $ M Shipment analysis for 2010 to 2021]:
- North America
- Asia Pacific
- Rest of the World
This 100-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 firstname.lastname@example.org. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
This report answers following 10 key questions:
Q. 1 What are some of the most promising, high-growth opportunities for adhesives in the Japanese automotive industry by product type, by vehicle type, and by applications?
Q.2 Which product segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and competitive threats in this market?
Q.5 What are the emerging trends in this market and reasons behind them?
Q.6 What are some changing demands of customers in the market?
Q.7 What are the new developments in the market? Which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution?
Q.10 What M & A activity has occurred in the last 5 years in this market and what is its impact on the industry?
Artice Source: http://www.articlesphere.com
Related Articles in Business
People interested in the above article are also interested in the related articles listed below:
According to the 80/20 rule, 80% of a company’s revenue derives from the top 20% of its customers. As such, it is important to retain new customers. Fruit hampers, being a healthy and graceful gift, is ideal for recipients of all ages and can leave a good impression to your client and ease their buyers’ guilt. A fruit hamper can also be used to signal a manager’s capability to the new client. Read on to find out how a fruit hamper can have a positive impact on your business and personal brand.
There will come a time and day when all medical equipment within your facility will need to be maintained or repaired. Do you know who you will call? There are a wide range of companies available to service medical equipment. It is important to find a reputable company to work with that offers a wide range of service needs on medical equipment of all kinds including linear accelerators, ct scanners and other life saving pieces of equipment.