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The opportunities for adhesives in the Indian automotive industry is expected to reach $384.0 million by 2021

Publish Date: 12-01-2017 00:32:36 | Contact name: Roy Almaguer | Location: USA | Place: 222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA | 8 times displayed |



According to a new market report published by
Lucintel, the future of adhesives in the Indian automotive industry looks good
with opportunities in the passenger car and light commercial vehicle segments. Adhesives
in the Indian automotive industry are expected to reach an estimated $384.0 million
by 2021 and forecast to grow at a CAGR of 8.4% by value from 2016 to 2021. The
major drivers for growth of this market are growth in the production of passenger
cars and light commercial vehicles.



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 epoxy
adhesive is expected to show above average growth during the forecast period.



Within the adhesives in the Indian automotive industry,
the polyurethane adhesives segment is expected to remain as the largest market.
It has better mechanical properties, and an increase in automotive production
is expected to drive adhesives consumption, which would spur growth for this
segment over the forecast period.



In this market, passenger car is expected to
remain the largest segment due to growth of passenger car production.



For business expansion, Lucintel’s report
suggests innovation and new product development to improve impact resistance, heat
resistance, and excellent shear and peel performance. 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 plastics and
lightweight materials in automotive applications and increasing use of water
based adhesives. Henkel AG & Co KGaA, The 3M Company, HB Fuller, Sika AG,
and Huntsman are the major supplier of adhesives in the Indian automotive
industry.



Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities for
adhesives in the Indian 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 Indian Automotive Industry 2016-2021: Trends, Forecast, and
Opportunity Analysis
.”
The Lucintel report serves as a springboard for growth strategy, as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the growth opportunities for adhesives in the Indian
automotive industry by product type, vehicle type, application type, and
region, as shown below:



By Product (Volume M lbs. and $ M Shipment
from 2010 to 2021)



·
Epoxy Adhesives



·
Polyurethane Adhesives



·
Acrylic Adhesives



·
Other Adhesives





By Vehicle (Volume M lbs. and $ M Shipment from 2010 to
2021)



·
Passenger Car



·
Light Commercial Vehicles





By Application (Volume M lbs. and $ M Shipment for 2015 and
2021)



·
Structural components



·
Non-structural components



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 helpdesk@lucintel.com. Lucintel
offerings include chemical
market research reports
, chemical
industry analysis report
, commercial due diligence
report
, business
strategy consulting
and market
research reports online
.





About
Lucintel



Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.



This
report answers following 10 key questions:



Q. 1 What are some of the most promising,
high-growth opportunities for adhesives in the Indian automotive industry by
product type (epoxy, polyurethane, acrylic, and others), vehicle type
(passenger car and light commercial vehicle), and application type (structural
and non-structural)?



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 activities have occurred
in the last 5 years in this market and what are their impact on the industry?







Contact Roy Almaguer: The opportunities for adhesives in the Indian automotive industry is expected to reach $384.0 million by 2021

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