Structural adhesives play a vital role in bonding materials such as metals, composites, and thermoplastics in automotive, maritime, transportation, HVAC, industrial assemblies, wind energy, and construction. Compared to traditional adhesives, structural adhesives offer several advantages, including load-bearing capabilities and the ability to harden between dissimilar surfaces. The increasing demand for structural adhesives in the aerospace industry will significantly impact market growth. Moreover, the growing utilization of adhesives in construction, wind energy applications, and the automotive sector contributes to the expanding market driven by these key factors.
According to Data Bridge Market Research, the Structural Adhesives Market is expected to grow with a CAGR of 8.00% in the forecast period of 2022 to 2029.
“Rise in demand for structural adhesives in the aerospace industry drives the market’s growth”
The structural adhesives market is experiencing growth due to the rising demand in the aerospace industry. Structural adhesives offer numerous benefits such as high strength, lightweight properties, and improved durability, making them ideal for aerospace applications. The demand for reliable and efficient bonding solutions increases as the aerospace industry continues to grow and expand. Structural adhesives provide excellent bonding capabilities for various components, including composites, metals, and plastics, contributing to the growth of the market in the aerospace sector.
What restraints the growth of the structural adhesives market?
“Fluctuation in the prices of raw material restraints the market’s growth”
The fluctuation hinders the growth of the structural adhesives market in raw material prices. Raw materials such as resins, fillers, and additives play a crucial role in formulating structural adhesives. Any significant price fluctuations in these raw materials can directly impact the production costs of adhesives, making them less competitive in the market. Additionally, price instability can affect profit margins for manufacturers and may lead to increased prices for end-users. This can result in reduced demand and slower market growth for structural adhesives.
Segmentation: Structural Adhesives Market
The structural adhesives market is segmented on the basis of technology, resin, substrate and application.
- On the basis of technology, the structural adhesives market has been segmented into solvent-based and water-based.
- On the basis of resin, the structural adhesives market has been segmented into epoxy, polyurethane, acrylic, methyl methacrylate (MMA), cyanoacrylate, others.
- On the basis of substrate, the structural adhesives market has been segmented into metals, plastics, wood, composites and others.
- On the basis of application, the structural adhesives market has been segmented into building and construction, automotive, wind energy, aerospace, bus and truck, marine, rail, others.
Regional Insights: Asia-Pacific dominates the structural adhesives market
Asia-Pacific dominates the structural adhesives market and will continue to flourish its trend of dominance is driven by rapid urbanization, industrialization, and high economic growth in the region. As urban areas expand and industries flourish, there is a greater need for efficient bonding solutions. Structural adhesives provide reliable and durable bonding for construction, automotive, and manufacturing sectors, supporting the growth of these industries. The increased demand for infrastructure development and industrial projects fuels the growth of the structural adhesives market.
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The Prominent Key Players Operating in the Structural Adhesives Market Include:
- Sika AG (Switzerland)
- Henkel Adhesives Technologies India Private Limited (India)
- Huntsman International LLC. (U.S.)
- 3M (U.S)
- Dow (U.S.)
- Illinois Tool Works Inc. (U.S.)
- IPS Corporation. (U.S.)
- Bostik (France)
- HERNON MANUFACTURING INC. (U.S.)
- L&L Products (U.S.)
- Parson Adhesives, Inc. (U.S.)
- Panacol-Elosol GmbH (Germany)
- UniSeal, Inc. (U.S.)
- Riëd B.V (Netherlands)
- MAPEI S.p.A. (Italy)
- Eastman Chemical Company (U.S.)
- H.B. Fuller Company. (U.S.)
- Scott Bader Company Ltd. (U.K.)
- Permabond LLC (U.S.)
- Dymax (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of structural adhesives market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Structural Adhesives Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
