Structural Adhesive Market Gains A Boost in Its Growth Owing to Mammoth Industrial Development

Connection of components together mainly involves processes welding, riveting, and use of screws. However, utilizing these methods might add up a lot of weight to the end products, further making them fragile and prone to malfunctioning. This has increased the use another option that involves joining separate parts together to create a flexible bonding. And this can mainly be achieved by using a structural adhesive. Nowadays, these materials are extensively utilized in the automotive, aerospace, and agricultural industries, thus constituting a distinct structural adhesive market from a global perspective. Simply speaking, those industries wherein a strong bonding action needs to exist between individual machine components, are key areas that help promote growth in the global structural adhesive market. In current times, this market is expected to rake in a splendid revenue owing to high demand of the adhesives in various domains.

Expansive Utilization in Plethora of Industries Boosts Market’s Growth

Recently, numerous innovations have occurred in the global structural adhesives market, thus driving its expansion in a vigorous manner. A prime innovation exists in the form of making glues that are hard as well as soft at the same time, depending on utilization. MetAK is a one such innovation that has been developed by researchers at Fraunhofer. The global structural adhesive market is receiving a boost mainly due to widespread advancements occurring in the construction industry. Moreover, this adhesive is highly employed in the use of industrial assemblies, transportation, automobiles, construction, and wind energy, thus cementing its position. Use of this adhesive promotes advantages such as fast binding, high strength, less harmful, and others. These advantages are majorly responsible for driving the global structural adhesive market.

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Fluctuation in Raw Material Availability Stunts Expansion

However, shortage of raw materials and fluctuation of material availability in remote and underdeveloped regions in majorly restricting the global structural adhesive market’s growth. Even though traditional options such as welding, nuts and bolts, and mechanical fasteners provide comparatively less efficient bonding, they are available with ease and majorly contribute towards improved proficiency. These factors make several consumers prefer traditional methods, consequently posing as a key obstacle to the global structural adhesive market’s progress. Moreover, several strict environmental regulations exist in terms of adhesive production, which also has been responsible for reduced growth witnessed by this market. However, many players are taking extensive efforts to manufacture eco-friendly adhesive products. This is foretold to reduce effects of most restraints affecting the market, in due time.

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North America and Europe Maintain the Stance of Leading Geographical Segments

Geographically, the structural adhesive market is spread across North America, Japan, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of these, North America and Europe hold a dominant position in the global structural adhesive market. This is mainly due to a vigorously expanding building and construction industry, automotive sector, aerospace industry, and other industrial domains in the region. Moreover, increasing developments and innovations happening in several end user industries too has made North America project a supreme authority from a regional perspective in the global structural adhesive market. Moreover, apart from North America, even Asia Pacific is expected to portray a highly progressing market growth owing to easy availability of materials and cheap labor.

The global structural adhesives market portrays the existence of a highly competitive and fragmented vendor landscape. This is mainly due to the presence of innumerable players present in the market. With the number of companies expected to increase, the competition is also projected to intensify. Arkema, Hubei Huitian Adhesive Enterprise Co. Henkel AG, Scott Bader, 3M, SIKA AG, Ashland, Dow Chemical Company, Lord Corporation, and ITW, are key players operating in the global structural adhesive market.

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