|By PR Newswire||
|December 3, 2015 10:00 AM EST||
IRVING, Texas, Dec. 3, 2015 /PRNewswire-iReach/ -- According to a new market report published by Lucintel, the future of thermoset resins in the global adhesive industry looks good with opportunities in the automotive and construction applications. The thermoset resin in global adhesive industry is forecast to grow at a CAGR of 6.4% from 2015 to 2020. The major growth drivers for thermoset resin in the global adhesive industry are replacement of traditional fasteners with adhesives and growth in key end-use applications.
In this market, polyurethane and epoxy resins are the major thermoset resins in the adhesive industry. Lucintel predicts that the demand for epoxy resin in adhesive industry is likely to experience the highest growth in the forecast period supported by growing demand in end-use applications. On the basis of comprehensive research, Lucintel forecasts that automotive industry is expected to show above average growth during the forecast period.
Within the thermoset resin in the global adhesive industry, the automotive industry is expected to remain as the largest market. Growth in the light and commercial vehicle production and replacement of fasteners with adhesives is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to growth in end use applications and increasing use of adhesives in place of traditional fasteners.
Europe, Asia Pacific, and Rest of the World are expected to witness above average growth over the forecast period because of growth of the automotive and construction industry.
For market expansion, the report suggests new product development with fast ambient cure, low-modulus, and high-elongation, where the unique characteristics of thermoset resin can be capitalized. Emerging trends, which have a direct impact on the dynamics of the industry, include the emergence of adhesive with bio-based thermoset resin and increasing application of two part polyurethane adhesive. Dow Chemicals, BASF SE, Huntsman, Momentive, and Bayer AG are among the major players of thermoset resin in the global adhesive industry.
Lucintel, a leading global strategic consulting and market research firm, has analyzed thermoset resin in the global adhesive industry by chemistry, end use application, and region, and has come up with a comprehensive research report, "Growth Opportunities for Thermoset Resin in Global Adhesive Industry 2015-2020: Trend, 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 thermoset resin in the global adhesive industry through 2020, segmented by chemistry, end use application, and region as follows:
By chemistry [volume (M lbs/Kilo ton) and $ Million shipments from 2009 to 2020]:
By end use application [volume (M lbs/Kilo ton) and $ Million shipment from 2009 to 2020]:
- Aerospace and Defense
- Wind Energy
By region [volume (M lbs/Kilo ton) and $ Million shipment from 2009 to 2020]:
- North America
- Asia Pacific
- Rest of the World
This 144-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/reports/chemical_composites/growth_opportunities_for_thermoset_resin_market_in_global_adhesive_industry_2015_2020_trends_forecast_and_opportunity_analysis_october_2015.aspx or firstname.lastname@example.org.
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 11 key questions:
Q. 1.How big the opportunities for thermoset resin in global adhesive industry by chemistry, end use application, and region?
Q. 2.Which segments will grow at a faster pace and why?
Q. 3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5.What are the business risks and threats of this market?
Q.6.What are emerging trends in this market and reasons behind it?
Q.7.What are some changing demands of customers in the market?
Q.8.What are the new developments in the market? Which companies are leading these developments?
Q.9.Who are the major players in this market? What strategic initiatives are taken by key players for business growth?
Q.10.How is the competitive rivalry and threat of substitution in this market?
Q. 11.How many M & A activities happened during last 1- 2 years and what are their impacts?
Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056, email@example.com
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