Automotive Adhesives Market Hit USD 6.5 Billion by 2025: Grand View Research. Inc.

7-Jan-2020: The global automotive adhesives market size is anticipated to reach USD 6.5 billion by 2025, exhibiting a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Increasing demand for lightweight vehicles and shifting preference of consumers toward sustainable adhesives are projected to favor the market growth.

The usage of adhesives helps in reduction of weight of vehicles, which further boosts the fuel efficiency and overall performance of vehicles. This has resulted in rapid adoption of adhesives over mechanical fasteners in automotive industry. Also, they are increasingly being used in electric vehicles, which is anticipated to fuel the market growth further.

Adhesives including acrylic, polyurethane, epoxy, and rubber are widely used in body in white, exterior, and interior applications. Body in white is the raw framework of the vehicle, which utilizes a major quantity of adhesives. The product enhances the strength of the body frame while reducing the use of spot welding.

Polyurethane is the most widely used adhesive in the automotive industry, followed by acrylic and rubber. As compared to epoxy and acrylic, polyurethane adheres to a wider range of substrates. In terms of revenue, acrylic segment is anticipated to register a growth rate of 4.8% over the forecast period.

The product consumption is increasing extensively in developing economies with the growth in the production of heavy commercial vehicles. HCV & MCV segment is expected to register the fastest growth rate of 5.6%, in terms of revenue, over the forecast period owing to their increasing production in the Americas and Asia Pacific. Initiation toward adoption of electric vehicles, technological innovation, and developments in the manufacturing industry are further projected to boost the product demand. For instance, in February 2019, the Government of India approved the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME)-II scheme for funds worth USD 1.39 billion from 2020 to 2022.

The automotive adhesives market is competitive owing to the presence of significant players such as 3M, Bostik, H.B. Fuller, Henkel, Sika AG, and Wacker Chemie AG, among other regional players. Mergers & acquisitions, development of new technologies, and capacity expansions are the various strategic initiatives adopted by industry players to maximize their growth.

For instance, in April 2019, PARKER HANNIFIN CORP entered into an agreement to acquire LORD Corporation for USD 3.68 billion. The acquisition was aimed at fulfilling the company’s objective to invest in profitable and growing businesses such as engineered materials.

 In depth research report on Automotive Adhesives Market

https://www.grandviewresearch.com/industry-analysis/automotive-adhesives-market

Further key findings from the report suggest:

·       NVH constituted a volume share of 36.5% in 2018 with the growing consumer preference for comfortable driving experience

·       The bonding segment held a revenue share of 47.4% in 2018 owing to the growing demand for adhesives over mechanical fasteners

·       Hot melt technology segment is anticipated to register a growth rate of 6.1%, in terms of revenue, over the forecast period due to its properties such as superior bonding and heat resistance

·       Interior application segment is anticipated to witness growth in demand owing to the introduction of sustainable adhesives in the industry

·       Increasing raw material prices are expected to affect the manufacturing cost, thereby resulting in an increase in product prices. For instance, H.B. Fuller North America increased the prices of its adhesives by 4% to 10% in October 2018.

Grand View Research has segmented the global automotive adhesives market report on the basis of technology, function, vehicle, application, and region:

Technology Outlook (Revenue, USD Million; Volume, Kilotons, 2014 - 2025)

·       Water-based

·       Solvent-based

·       Hot melt

·       Reactive & others

Function Outlook (Revenue, USD Million; Volume, Kilotons, 2014 - 2025)

·       Bonding

·       NVH

·       Sealing/Protection

Vehicle Outlook (Revenue, USD Million; Volume, Kilotons, 2014 - 2025)

·       Passenger cars

·       Light commercial vehicles

·       Heavy & medium commercial vehicles

Application Outlook (Revenue, USD Million; Volume, Kilotons, 2014 - 2025)

·       Exterior

·       Acrylic

·       Polyurethane

·       Rubber

·       Epoxy

·       EVA

·       PVA

·       Others

·       Interior

·       Acrylic

·       Polyurethane

·       Rubber

·       Epoxy

·       EVA

·       PVA

·       Others

·       Powertrain

·       Acrylic

·       Polyurethane

·       Rubber

·       Epoxy

·       EVA

·       PVA

·       Others

·       Electronics

·       Acrylic

·       Polyurethane

·       Epoxy

·       Others

·       Body in white

·       Acrylic

·       Polyurethane

·       Rubber

·       Epoxy

·       Others

·       Others

·       Acrylic

·       Polyurethane

·       Epoxy

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/plastics-polymers-and-resins

About Grand View Research

Grand View Research, Inc. is the U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Silicone Solutions for Leather & Textiles Market 2019-2025

22-Oct-2019: The global silicone solutions for leather & textiles market is expected to reach USD 760.7 million by 2025, according to a new report by Grand View Research, Inc. Rising demand for transparent silicone coatings in fabric manufacturing, owing to their superior properties such as improved durability as well as water, dirt, & temperature resistance is the key factor for industry growth.

Continuous fragmentation and growing competition among retailers are the key factors anticipated to propel the consumption of leather over the next few years. Increasing demand for leather in footwear, wallets, luggage, jackets, and belts is anticipated to spur the market demand for silicone-based chemicals in the industry.

Furthermore, silicone is used in various applications including soles, laces, and 3D printing in footwear industry. With respect to this, increasing efforts by manufacturers such as Kenneth Cole, Alberto Torresi, Blackberrys, and Louis Philippe in developing innovative and unique footwear designs are projected to boost the growth of footwear segment in leather industry. This, in turn, is likely to drive the silicone market in the leather industry.

Over the past few years, the manufacturing industry has been increasing expenditure for the incorporation of good quality safety equipment in shop floors, and utility operating places. Furthermore, product innovation by companies including 3M and DuPont for the enhancement of advanced protective clothing catering to the manufacturing sector is expected to play a crucial role in increasing demand for silicone in textile industry in the near future.

Continuing further, technological innovation in terms of the emergence of smart textile products in the electronics-manufacturing sector as a result of the capability to implement distinguished technologically advanced operations including reacting and sensing to the surrounding is likely to remain as a major factor positively influencing market growth over the next eight years.

In depth research report on Silicone Solutions for Leather & Textiles Market

https://www.grandviewresearch.com/industry-analysis/silicone-solutions-for-leather-&-textiles-market

Further key findings from the report suggest:

·       In terms of revenue, the leather segment is projected to ascend at a CAGR of 3.7% over the forecast period

·       Textiles application dominated the global silicone market in textile & leather industry with a global market share of over 93.5% in 2017

·       The U.S. silicone market in textile & leather industry is anticipated to exceed 20.6 kilotons by 2025

·       Significant gains in the automotive manufacturing sector in emerging economies including China, India, and Mexico as a result of favorable government schemes aimed to promote investments is expected to increase the requirement of textile products.

·       Asia Pacific had a strong customer base and accounted for 42.5% of the overall market revenue share in 2017. Ascending demand for textile and apparel and increased demand for technical textiles are factors expected to boost the market growth over the forecast period. The aforementioned scenario is likely to be reflected in key countries such as India, China, Japan, and Australia in the coming years.

·       The industry is characterized by mergers & acquisitions, capacity expansion, distribution & branding, research & development to improve the market share of manufacturers

·       Some of the key companies present in the industry are The Dow Chemical Company, Wacker Chemie AG, Lanxess, Momentive Performance Materials, Inc., and Elkem ASA, The CHT Group, Arihant Dyechem, Elkay Chemicals Pvt. Ltd., Siltech Corporation, and Shin-Etsu Chemical Co., Ltd.

Grand View Research has segmented the global silicone solutions for leather & textiles market report on the basis of application and region:

Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

·       Textiles

·       Leather

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/plastics-polymers-and-resins

About Grand View Research

Grand View Research, Inc. is the U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Adhesives & Sealants for Insulated Glass Market Expanding at a CAGR of 6.7%

10-October-2019: The global insulated glass adhesives & sealants market size is expected to reach USD 8.29 billion by 2025 expanding at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. Rising demand for high-performance adhesives from automotive and construction sector is anticipated to drive the market growth. Insulated glass is extensively used in windows, doors, and windshield. Adhesives & sealants are used to fix insulated glass unit to an assembly. They help restrict the penetration of air, liquid, and solid particles and provide stability and strength to the unit. The high bonding speed, superior thermal stability, and extreme weather resistance offered by these adhesives are expected to augment their demand further.

Rising spending in the construction sector, especially in emerging economies of Asia Pacific and Middle East, owing to growing population and robust economic development is expected to positively impact the product penetration. The construction industry, especially in China and India, is estimated to grow at a significant rate owing to increasing demand for housing infrastructure. For instance, India has a requirement of investments worth USD 777.73 billion in infrastructure by 2022. This is expected to provide lucrative opportunities for the market. Polyurethane (PU) sealant acquired the highest market share in 2017 for bonding insulated glass. These high-grade solutions possess great impact and chemicals resistance. They are widely utilized across several industries, such as construction and automotive.

It requires a catalyst or an evaporation process with the help of air or heat, to complete the curing process. However, PU adhesives & sealants have some constraints like short shelf-life due to water absorption tendency and lengthy curing process. Silicone sealants segment is predicted to expand at the fastest CAGR during the estimate period on account of fast bonding speed and extreme weather resistance offered by these sealants. Silicone is considered as an ideal sealant for the colder temperature. Moreover, the longer lifespan as opposed to PU sealants is expected to drive the segment. Latin America is poised to witness significant growth in coming years. Booming automotive industry and increasing construction activities in the region are expected to drive the growth.

In addition, Latin American countries, such as Brazil, Mexico, and Argentina, are emerging as automobile manufacturing hubs owing to flexible regulations and availability of cheap labor. Major companies who have consolidated the market include Huntsman Corp., Henkel AG & Co. KGaA, Dow Corning, 3M Company, and Commerling. Acquisition and expansion are the key strategic initiatives undertaken by most of these companies to improve their market share and sustain competition. For instance, in January 2017, Momentive Performance Material acquired Sea Lion Technology, a U.S.-based chemical manufacturer. The deal comes as a part of business strategy to expand their silane manufacturing capacity.

In depth research report on Adhesives & Sealants for Insulated Glass Market

https://www.grandviewresearch.com/industry-analysis/adhesives-and-sealants-for-insulated-glass-market

Further key findings from the study suggest:

·       Polyurethane led the insulated glass adhesives & sealants market in 2017 with a revenue share of 31.9% owing to low cost and strong adhesion properties

·       In terms of volume, silicones are likely to witness the fastest CAGR over the forecast period due to high thermal stability and quick bonding speed offered by them

·       In terms of revenue, automotive & transportation segment is estimated to register the fastest CAGR of 7.2% from 2018 to 2025

·       Asia Pacific acquired the highest volume share of the global market in 2017 owing to rapid industrialization and increased construction activities in the region

·       Acquisition is a key strategy undertaken by the manufacturers to expand their product portfolio and gain competitive advantage

Grand View Research has segmented the global insulated glass adhesives & sealants market on the basis of resin type, end use, and region:

Insulated Glass Adhesives & Sealants Resin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Polyisobutylene

·       Polysulfide

·       Polyurethane

·       Silicone

·       Acrylic

·       Hot-melt

·       PVC

·       Butyl

·       Epoxy

Insulated Glass Adhesives & Sealants End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Building & Construction

·       Automotive & Transportation

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/plastics-polymers-and-resins

About Grand View Research

Grand View Research, Inc. is the U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Synthetic Leather Market size is Expected to Reach USD 45.41 billion by 2025: Grand View Research, Inc.

18-Sep-2019: The global synthetic leather market size is expected to reach USD 45.41 billion by 2025, according to a new study by Grand View Research, Inc. The market is projected to expand at a strong CAGR of 7.4% during the forecast years. Increasing product application scope in footwear has been a major factor driving the market growth. In addition, growing importance and awareness about animal rights set by several organizations and stringent laws regarding the usage of real leather are propelling the demand for synthetic leather.

Synthetic leather materials offer superior properties, such as high gloss finish, durability, strength, and UV resistance and easy maintenance. Moreover, products made from faux leather are cheaper and thus, continue to attract consumers, especially from middle and high income level groups. However, in countries, such as Japan, the product is facing competition from Fumikodata, which is a replica of real leather and is a cruelty-free material. Polyurethane (PU) was the largest product category in 2017 and is expected to register the fastest CAGR over the forecast period.

PVC is anticipated to witness sluggish growth on account of its properties, such as sticky finish and lesser durability. Footwear application segment is expected to observe a cosiderable growth over the upcoming years. Cheaper costs, fluctuating climatic conditions in several regions creates needs for different types of footwear. Rising disposable income levels in emerging regions are also fueling the demand for synthetic leather in footwear segment. Moreover, trend of incorporating athletic shoes in daily lifestyle is further augmenting the product demand.

In depth research report on Synthetic Leather Market

https://www.grandviewresearch.com/industry-analysis/synthetic-leather-market

Further key findings from the study suggest:

·       The global synthetic leather market is expected to witness significant growth over the forecast period owing to rising product demand in footwear and automotive applications

·       PU leather emerged as the largest product segment in 2017 and is estimated to generate revenue over USD 28.03 billion by 2025

·       Asia Pacific is projected to witness the fastest growth over the estimated period owing to rapid economic growth across countries, such as India, China, Japan and Korea

·       Rapid development of construction and automotive manufacturing industries in APAC is also fueling the product demand in the regional market

·       Countries, such as South Korea, Taiwan, China, and India, are emerging as leading producers in the global market as a result of available of relatively cheaper raw materials

·       Key companies in the global market include Nan Ya Plastics Corporation, Mayur Uniquoters Limited, Alfatex Italia SRL, and Kuraray Co. Ltd.

Grand View Research has segmented the global synthetic leather market on the basis of product, application, and region:

Synthetic Leather Product Outlook (Volume, Million Meters; Revenue, USD Million, 2014 - 2025)

·       PU

·       PVC

·       Bio-based

Synthetic Leather Application Outlook (Volume, Million Meters; Revenue, USD Million, 2014 - 2025)

·       Furnishing

·       Automotive

·       Footwear

·       Bags & Wallets

·       Clothing

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/plastics-polymers-and-resins

About Grand View Research

Grand View Research, Inc. is the U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/