Press release
Structural Adhesives Market 2018 key Players – 3M, Illinois Tool Works, Lord Corporation, Arkema, Scott Bader, SIKA AG, L&L Products, Dow Chemical Company, Ashland, Henkel AG and Master Bond
Structural Adhesives Market
Owing to numerous product properties that help enhance the performance and safety of vehicles, Structural Adhesives Market has been gaining renewed popularity of late. This product is used primarily to reduce the overall weight of automobiles. In addition, a perpetual change in the living standards coupled with a rise in the per capita income has led to an increase in the automobile production and sales, which will fuel structural adhesives market.
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The capability of the product to minimize the overall weight of the system leads to the increasing use of the such adhesives for aeronautical applications as well. According to Global Market Insights, Inc., “Worldwide structural adhesives market will surpass a revenue collection of USD 7 billion by 2024 with an annual growth rate of more than 4% over 2016-2024.”
Structural adhesives are widely used as bonding agents to avoid the usage of rivets, welds, and screws in bonding plastic materials. In addition, this product is used to improve the mechanical and aesthetic properties of plastics as well. On these grounds, structural adhesives market from plastic applications collected a revenue of USD 1 billion in 2015 and will generate significant revenue by 2024 with a CAGR of 4.5% over the coming timeframe.
Pertaining to the widespread availability of vehicles along with the rising spending capability of consumers, the sale of automobiles across the globe will observe a massive incline. On these grounds, the automotive segment of structural adhesives industry, having had a revenue of USD 1 billion in 2015, will record a notable growth rate over the years ahead.
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Asia Pacific structural adhesives industry collected a revenue of USD 2 billion in 2015 and will register considerable annual growth rate over the period of 2016 to 2024. The regional governments have been investing heavily in construction activities across this geography. Moreover, many of the automotive industry giants are establishing their manufacturing plants in various developing countries of APAC. Japan, India, South Korea, and China will contribute substantially toward the regional growth.
Partial Chapter of the Table of Content
Chapter 3. Structural Adhesives Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor matrix
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing adoption in automobile industry
3.4.1.2. Growing aerospace industry
3.4.1.3. Booming construction industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. Stringent government regulations for aerospace adhesives and sealants
3.4.2.2. Operational and health safety issues with some types of structural adhesives
3.5. Growth potential analysis, 2015
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Company market share analysis, 2015
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
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Chapter 4. Structural Adhesives Market, By Component
4.1. Structural adhesives market share by component, 2015 & 2024
4.2. Single component
4.2.1. Market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Double component
4.3.1. Market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
Industry players are engaged in strategic alliances to strengthen their presence in the diversified business space. The noteworthy players in structural adhesives market are Illinois Tool Works, Arkema, 3M Company, Scott Bader Co., Lord Corporation, Dow Chemical Company, L&L Products, Henkel AG, SIKA AG, Master Bond, Parson Adhesives, Permabond, Ashland Inc., Hubei Huitian Adhesive Enterprise Co., Ltd., Elantas, and Panacol-Elosol GmbH.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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