Growth Opportunities for South Korean Automotive Adhesives Market

Trends, opportunities and forecast in this market to 2021 by product type (epoxy adhesives, polyurethane adhesives, acrylic adhesives, other adhesives), vehicle type (passenger cars, light commercial vehicles), and application type (structural components, non-structural components)

Publisher: Lucintel Published: August 2016
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Growth Opportunities for South Korean Automotive Adhesives Market

Report Feature

South Korean automotive adhesives market is forecast to grow at a CAGR of 6.8% by value from 2016 to 2021. The major drivers for growth of this market are growth in the production of light commercial vehicles and passenger car as well as increasing demand for lightweight materials.
 

Emerging trends, which have a direct impact on the dynamics of the South Korean automotive adhesives industry, include increasing use of composites and lightweight materials in automotive applications

and development of fast cure adhesives.
 
A total of 58 figures / charts and 19 tables are provided in this 94-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of the South Korean automotive adhesives market report, download the report brochure.


The study includes South Korean automotive adhesives market and a forecast for adhesives in the South Korean automotive market by product, vehicle, and application as follows:

South Korean automotive adhesives market by Product (Volume M lbs. and $M Shipment from 2010 to 2021)
  • Epoxy Adhesives
  • Polyurethane Adhesives
  • Acrylic Adhesives
  • Other Adhesives
South Korean automotive adhesives market By Vehicle (Volume M lbs. and $M Shipment from 2010 to 2021)
  • Passenger Car
  • Light Commercial Vehicles 
 
South Korean automotive adhesives market by Application (Volume M lbs. and $M Shipment for 2015 and 2021)
  • Structural components
  • Non-structural components
South Korean automotive adhesives companies Henkel AG & Co KGaA, The 3M Company, HB Fuller, Sika AG, and Huntsman are the major supplier of adhesives in the South Korean automotive industry.

On the basis of its comprehensive research, Lucintel forecasts that polyurethane adhesive is expected to show above-average growth during the forecast period. In this market, epoxy, polyurethane, and acrylic are the major adhesives by product types used in the automotive industry.
 
Within the adhesives in the South Korean automotive industry, the polyurethane adhesives segment is expected to remain as the largest market. It has better mechanical properties and increase in automotive production are expected to drive adhesive consumption, which would spur growth for this segment over the forecast period.
 
In this market, passenger car is expected to remain as the largest segment due to the growth of passenger car production. 
 
Some of the features of this report:
  • Market size estimates: Growth opportunities for South Korean automotive adhesives market size estimation in terms of value ($M) and volume (million pounds) shipment.
  • Trend and forecast analysis: South Korean automotive adhesives market trend (2010-2015) and forecast (2016-2021) by product type, vehicle type and application type.
  • Segmentation analysis: South Korean automotive adhesives market size from 2010 to 2021 by product type, by vehicle type, and by application type.
  • Growth opportunities: Analysis on growth opportunities by vehicle type and product type.
  • Strategic analysis: This includes M&A, new products, competitive landscape, and expansion strategies of South Korean automotive adhesives suppliers.
  • Emerging trends: Emerging Trends of South Korean automotive adhesives market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table of Contents

List of Figures

Figure 3.1: Adhesives in the South Korean Automotive Industry ($ Million) Distribution by Product Type in 2015 Figure 3.2: Adhesives in the South Korean Automotive Industry ($ Million) by Product Type in 2015 Figure 3.3: Adhesives in the South Korean Automotive Industry (Million Pounds) Distribution by Product Type in 2015 Figure 3.4: Adhesives in the South Korean Automotive Industry (Million Pounds) by Product Type in 2015 Figure 3.5: Adhesives in the South Korean Automotive Industry ($ Million) Distribution by Vehicle Type in 2015 Figure 3.6: Adhesives in the South Korean Automotive Industry ($ Million) by Vehicle Type in 2015 Figure 3.7: Adhesives in the South Korean Automotive Industry (Million Pounds) Distribution by Vehicle Type in 2015 Figure 3.8: Adhesives in the South Korean Automotive Industry (Million Pounds) by Vehicle Type in 2015 Figure 3.9: Adhesives in the South Korean Automotive Industry ($ Million) Distribution by Passenger Car Type in 2015 Figure 3.10: Adhesives in the South Korean Automotive Industry ($ Million) by Passenger Car Type in 2015 Figure 3.11: Adhesives in the South Korean Automotive Industry (Million Pounds) Distribution by Passenger Car Type in 2015 Figure 3.12: Adhesives in the South Korean Automotive Industry (Million Pounds) by Passenger Car Type in 2015 Figure 3.13: Distribution of Adhesives in the South Korean Automotive Industry ($ Million) by Application Type in 2015 Figure 3.14: Distribution of Adhesives in the South Korean Automotive Industry (Million Pounds) by Application Type in 2015 Figure 3.15: Trends of the South Korean GDP Growth Rate Figure 3.16: Trends of the South Korean Population Growth Rate Figure 3.17: Trends of the South Korean Inflation Rate Figure 3.18: Trends of South Korea’s Per Capita Income Figure 3.19: South Korean Automotive Production from 2010 to 2015 Figure 3.20: South Korean Passenger Car Production from 2010 to 2015 Figure 3.21: South Korean Light Commercial Vehicle Production from 2010 to 2015 Figure 3.22: Trends of Adhesives in the South Korean Automotive Industry ($ Million) by Vehicle Type from 2010 to 2015 Figure 3.23: CAGR of Adhesives in the South Korean Automotive Industry ($ Million) by Vehicle Type from 2010 to 2015 Figure 3.24: Trends of Adhesives in the South Korean Automotive Industry (Million Pounds) by Vehicle Type from 2010 to 2015 Figure 3.25: CAGR of Adhesives in the South Korean Automotive Industry (Million Pounds) by Vehicle Type from 2010 to 2015 Figure 3.26: Trends of Adhesives in the South Korean Automotive Industry ($ Million) by Product Type from 2010 to 2015 Figure 3.27: CAGR of Adhesives in the South Korean Automotive Industry ($ Million) by Product Type from 2010 to 2015 Figure 3.28: Trends of Adhesives in the South Korean Automotive Industry (Million Pounds) by Product Type from 2010 to 2015 Figure 3.29: CAGR of Adhesives in the South Korean Automotive Industry (Million Pounds) by Product Type from 2010 to 2015 Figure 3.30: Drivers and Challenges for Adhesives in the South Korean Automotive Industry Figure 3.31: Forecast for the South Korean GDP Growth Rate Figure 3.32: Forecast for the South Korean Population Growth Rate Figure 3.33: Forecast for the South Korean Inflation Rate Figure 3.34: Forecast for South Korea’s Per Capita Income Figure 3.35: Forecast for Adhesives in the South Korean Automotive Industry ($ Million) by Vehicle Type from 2016 to 2021 Figure 3.36: CAGR Forecast for Adhesives in the South Korean Automotive Industry ($ Million) by Vehicle Type from 2016 to 2021 Figure 3.37: Forecast for Adhesives in the South Korean Automotive Industry (Million Pounds) by Vehicle Type from 2016 to 2021 Figure 3.38: CAGR Forecast for Adhesives in the South Korean Automotive Industry (Million Pounds) by Vehicle Type from 2016 to 2021 Figure 3.39: Forecast for Adhesives in the South Korean Automotive Industry ($ Million) by Product Type from 2016 to 2021 Figure 3.40: CAGR Forecast for Adhesives in the South Korean Automotive Industry ($ Million) by Product Type from 2016 to 2021 Figure 3.41: Forecast for Adhesives in the South Korean Automotive Industry (Million Pounds) by Product Type from 2016 to 2021 Figure 3.42: CAGR Forecast for Adhesives in the South Korean Automotive Industry (Million Pounds) by Product Type from 2016 to 2021 Figure 3.43: Distribution of Adhesives in the South Korean Automotive Industry ($ Million) by Application Type in 2021 Figure 3.44: Distribution of Adhesives in the South Korean Automotive Industry (Million Pounds) by Application Type in 2021

List of Tables

Table 3.1: Trends of Adhesives in the South Korean Automotive Industry by Value and Volume from 2010 to 2015 Table 3.2: Average Growth Rates for One, Three, and Five Years of Adhesives in the South Korean Automotive Industry in Terms of $ Shipment Table 3.3: Market Size and 2014-2015 Growth Rates for Adhesives in the South Korean Automotive Industry by Vehicle Type in Terms of Value and Volume Shipments Table 3.4: Market Size and Annual Growth Rates from 2010 to 2015 for Adhesives in the South Korean Automotive Industry by Vehicle Type in Terms of Value and Volume Shipments Table 3.5: Market Size and 2014-2015 Growth Rates for Adhesives in the South Korean Automotive Industry by Product Type in Terms of Value and Volume Shipments Table 3.6: Market Size and Annual Growth Rates from 2010 to 2015 for Adhesives in the South Korean Automotive Industry by Product Type in Terms of Value and Volume Shipments Table 3.7: Forecast for Adhesives in the South Korean Automotive Industry by Value and Volume from 2016 to 2021 Table 3.8: Market Size and 2015-2016 Growth Rates for Adhesives in the South Korean Automotive Industry by Vehicle Type in Terms of Value and Volume Shipments Table 3.9: Market Size and Annual Growth Rates from 2016 to 2021 for Adhesives in the South Korean Automotive Industry by Vehicle Type in Terms of Value and Volume Shipments Table 3.10: Market Size and 2015-2016 Growth Rates for Adhesives in the South Korean Automotive Industry by Product Type in Terms of Value and Volume Shipments Table 3.11: Market Size and Annual Growth Rates from 2016 to 2021 for Adhesives in the South Korean Automotive Industry by Product Type in Terms of Value and Volume Shipments

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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Key Questions

  • What are some of the most promising, high-growth opportunities for South Korean automotive adhesives market 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 emerging trends in this market and reasons behind them? Q. 6. What are some changing demands of customers in the South Korean automotive adhesives market? Q. 7. What are the new developments in the market? Which South Korean automotive adhesives companies are leading these developments? Q. 8. Who are the major South Korean automotive adhesives suppliers? What strategic initiatives are being implemented by key players for business growth? Q. 9. What are some of the competitive products and processes of South Korean automotive adhesives companies 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 transpired in the last 5 years in this market and what is its impact on the industry?
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