DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Growth Opportunities for Adhesives in the Indian Automotive Industry 2016-2021" report to their offering.
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 future of adhesives in the Indian automotive industry looks good with opportunities in the passenger car and light commercial vehicle segments. The major drivers for growth of this market are growth in the production of passenger cars and light commercial vehicles.
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.
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.
Henkel AG & Co KGaA, The 3M Company, HB Fuller, Sika AG, and Huntsman are the major supplier of adhesives in the Indian automotive industry.
Scope of the Report
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
- HB Fuller
- Henkel AG & Co KGaA
- Sika AG
- The 3M Company
For more information about this report visit http://www.researchandmarkets.com/research/z3hkr2/growth