There are good opportunities for adhesives in the Brazilian automotive industry in the passenger car and light commercial vehicles, a new market report released by Lucintel says. It is expected that adhesives in the Brazilian automotive industry will reach about $215 million by 2021 and grow at a CAGR of 7.7% from 2016 to 2021. The growth of this market mainly lies in the production of passenger car and light commercial vehicles, and the rising demand for lightweight materials. The major adhesives applied in the automotive industry in this market include epoxy, polyurethane, and acrylic. Based on Lucintel’s comprehensive research, polyurethane adhesives and epoxy adhesives segments will grow above average during the forecast period. The former will remain as the largest segment for adhesives in the Brazilian automotive industry because of some better properties, and its growth in the vehicles production is projected to promote consumption of adhesive. Passenger car is the largest segment in the market by vehicle type and it is estimated to remain as the largest segment due to the increasing production of passenger car and the growing use of lightweight materials in automotive applications. Due to the use in bonding non-structural automotive parts made of lightweight materials, it is projected that adhesive usage in non-structural application will remain the largest segment. The report indicates, the innovation and new product development to reduce curing time, improve cohesive strength and high temperature resistance, and the development of partnerships with customers to create win-win situations and reduce customers’ cost will benefit business expansion. Emerging trends with direct influence on the dynamics of the industry include the rising use of composites and lightweight materials in vehicles and the development of new silicone-based electrically conductive adhesives in automotive sensor applications. The major suppliers of adhesives in the Brazilian automotive industry include Henkel AG & Co KGaA, 3M Company, Dow Chemical Company, Sika AG., and H.B. Fuller Co., some of which choose mergers and acquisitions as strategies for promoting growth.