Global Structural Adhesives Market, By Technology (Solvent-Based, Water-Based), Substrate (Metals, Plastics, Wood, Composites, Others), Resin (Epoxy, Polyurethane, Acrylic, Methyl Methacrylate (MMA), Cyanoacrylate, Others), Application (Building and Construction, Automotive, Wind Energy, Aerospace, Bus and Truck, Marine, Rail, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Structural Adhesives Market
Data Bridge Market Research analyses the structural adhesives market will exhibit a CAGR of 8.00% for the forecast period of 2022-2029.
Structural Adhesives are adhesives that are used to link materials such as metals, composites, thermoplastics, and others. Automotive, maritime, transportation, HVAC, industrial assemblies, wind energy and construction all employ these adhesives for adhesion. Compared to traditional fastening adhesives, these adhesives have a number of advantages. Structural adhesives are also known as load-bearing adhesives since they have the ability to harden on the surface and can keep two dissimilar surfaces together by hardening between them.
The rise in demand for structural adhesives in aerospace industry will influence the growth rate of the structural adhesives market. The expanding demand for adhesives in construction and wind energy application and surging adoption of the product in automobile industry are the key elements driving market expansion. The structural adhesives market is also being driven by factors such as the rapid industrialization and increasing urbanization. Furthermore, strong demand from various end-user industries and technical innovations will enhance the growth rate of structural adhesives market. Also, the rise in trend for lightweight and low carbon-emitting vehicles will act as a major factor influencing the growth of structural adhesives market.
Moreover, major companies have begun devoting significant resources to research and development for the production of structural adhesives in a non-hazardous and sustainable manner to meet the terms of global sustainability trends, as the public becomes more aware and there are numerous health regulations to follow relating to non-hazardous production, environmental safety, and green and sustainable production of structural adhesives. This presents a significant growth opportunity for the structural adhesives market. Additionally, growing government spending and untapped potential in emerging market will create beneficial opportunities for the growth of the structural adhesives market.
However, fluctuation in the prices of raw material will hamper the structural adhesives market’s growth rate. Also, the stringent environment regulations and operational and health safety problems linked with few types of structural adhesives will further pose challenges to the growth of structural adhesives market. The impact of COVID-19 pandemic on supply chain and strict government regulations for aerospace adhesives and sealants will act as market restrains and further impede the growth rate of structural adhesives market.
This structural adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on structural adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Structural Adhesives Market Scope and Market Size
The structural adhesives market is segmented on the basis of technology, resin, substrate and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of technology, structural adhesives market is segmented into solvent-based and water-based.
- On the basis of substrate, the structural adhesives market is segmented into metals, plastics, wood, composites and others.
- On the basis of resin, the structural adhesives market is segmented into epoxy, polyurethane, acrylic, methyl methacrylate (MMA), cyanoacrylate, others.
- On the basis of application, the structural adhesives market is segmented into building and construction, automotive, wind energy, aerospace, bus and truck, marine, rail, others.
Structural Adhesives Market Country Level Analysis
The structural adhesives market is analysed and market size, volume information is provided by country, technology, resin, substrate and application as referenced above.
The countries covered in the structural adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the structural adhesives market and will continue to flourish its trend of dominance due to the rapid urbanization and industrialization and high economic growth in this region.
The country section of the structural adhesives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Structural Adhesives Market Share Analysis
The structural adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to structural adhesives market.
Some of the major players operating in the structural adhesives market are Sika AG, Henkel Adhesives Technologies India Private Limited, Huntsman International LLC., 3M, Dow, Illinois Tool Works Inc., IPS Corporation., Bostik, HERNON MANUFACTURING INC., L&L Products, Parson Adhesives, Inc., Panacol-Elosol GmbH, UniSeal, Inc., Riëd B.V, MAPEI S.p.A., Eastman Chemical Company, H.B. Fuller Company., Scott Bader Company Ltd., Permabond LLC, and Dymax, among others.
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