Structural Adhesives Market In Depth Analysis on 3M Company, Arkema, L&L Products, Lord Corporation, Illinois Tool Works, Dow Chemical

Market Study Report recently introduced new title on Global Structural Adhesives Market Report that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

Structural Adhesives Market size will cross USD 7 billion by 2024. Structural adhesives market application sector will likely be signified by the joining of composite materials. This application segment gauged over a third of the total share owing to the popularity of composites in automotive and aerospace industries.

This report focuses on the top Manufacturers and players in global market are given bellow - Henkel AG, 3M Company, Arkema, L&L Products, Lord Corporation, Illinois Tool Works, Dow Chemical Company, Ashland, SIKA AG, Scott Bader, Parson Adhesives, Panacol-Elosol, Elantas, Master Bond, Permabond, and Hubei Huitian Adhesive Enterprise.

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Strict regulations pertaining to aerospace adhesives and sealants mandated by regulatory bodies such as SAE international, ASTM, ANSI, AITC, DIN, EN, and ISO characterize the global structural adhesives market. High load bearing parts and critical applications lead to stringent product norms to meet required specifications. For instance, ASTM regulation D3762 lays down the standard test method for adhesive-bonded surface durability of aluminum (Wedge Test) also known as Boeing wedge test?, wherein the adhesion; cohesion; or adherend failure are noted down after opening the specimen after the test period. Such regulations may hamper the structural adhesives market growth in the coming years.

Another important factor impacting the structural adhesives market is the occupational hazards associated with some product types. Epoxy based products pose considerable risks of burns during manual application as they liberate certain amounts of auxiliary materials and contaminants during heat curing. Polyurethane products contain isocyanates, which can cause skin and eye irritation and are carcinogenic in nature. Methyl methacrylate or MMA products have strong and pungent odor, causing headache, nausea, dizziness, and pulmonary problems. Such health hazards defined by OSHA may restrict the global structural adhesives market growth.

Double component structural adhesives market is driven by its exclusive usage for high load bearing joints and crucial applications. It accounted for over two-third of the overall share in 2015. PU registered more than 50% of the global structural adhesives market in terms of volume. Their cost efficient and fast curing nature to provide a strong bonding for larger areas give them a competitive advantage over other product types.

Structural Adhesives Market Size By Component (Single, Double)

By Product
• Polyurethane
• Epoxy
• Acrylic
• Cyanoacrylate
• Methyl Methacrylate
• Silicone

By Application
• Composites
• Metals
• Plastics
• Concrete & Tiles
• Wood
• Leather

By End-User
• Automobiles
• Aviation & Aerospace
• Marine, Construction
• Furniture
• Water & Sewer

Industry Analysis Report, Regional Outlook

U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, and GCC

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Applications in construction industry includes fiber composite materials, cellulose and wood materials, stone, ceramics, and glass. Rapid urbanization in the BRICS nations, coupled with escalating population will increase the housing demand, hence supporting the construction industry in the coming years. The global construction industry, led by China, India, and the U.S., was valued at over USD 8 trillion in 2015 and is expected to reach a value close to USD 17 trillion by 2024, growing at a CAGR of about 8%.

In 2015, North America Structural Adhesives market size was over USD 200 million. Escalating electronic, automotive and aerospace industry in the region is the prime growth factor. Asia Pacific, mainly led by India, China and Japan is likely to observe highest growth more than 20% between 2016 and 2024. Inclining medical and pharmaceutical industry China and India is the chief factor driving the regional Structural Adhesives market size by 2024.

Acrylic are expensive and accounts a decent chunk in revenue generation of structural adhesives market. In 2015, this segment was worth over USD 1.5 billion. Acrylic products are available in low viscosity to paste viscosity range, and give a product line with wide selection of mechanical properties, color, and cure speeds.

With increasing light-weight personal vehicles demand in the recent years, structural adhesives market for automobile sector in 2015 was worth over USD 1 billion. Aviation and aerospace industry followed it as the product improves overall aircraft efficiency by substituting mechanical joints such as fasteners and welds.

Chapter 1. Methodology and Scope
o Methodology
 Initial data exploration
 Statistical model and forecast
 Industry insights and validation
 Scope & assumptions
o Data sources
 Secondary sources
 Primary sources

Chapter 2. Executive Summary
• 2.1. Structural adhesives industry 360? synopsis, 2013 ? 2024
• 2.1.1. Business trends
• 2.1.2. Component trends
• 2.1.3. Product trends
• 2.1.4. Application trends
• 2.1.5. End-user trends
• 2.1.6. Regional trends

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

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

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