New Study Forecasts Global Structural Adhesive Market to Witness Sustained Growth in Coming Years till 2027

In order to connect components together, riveting, welding, and using screws are some of the common options but they generally add to the overall weight of the end products and make them vulnerable for malfunction. Therefore, a number of industries including automotive, aerospace, and agriculture are moving towards the option of flexible bonding or structural adhesive that can compensate the possibilities of stress at the joints. This trend of lightweight vehicles has also emerged as the growing need for low carbon emission. Consequently, the market for structural adhesives is expected to generate incrementing demand during the forecast period of 2018 to 2027.

Recent innovations in the field of structural adhesives is in the direction of glues that can be hard and soft at the same time, such as MetAK, developed by the researchers at Fraunhofer. The product mostly similar to an ordinary two-component adhesive but the primary different being the mixture of other components that are simple and commercially available. The main advantage of MetAK is that its rigidity can be adjusted and industries will get to do without having to choose different adhesives for different hardness. The concept is also expected to be a boon for orthopedic applications such as orthopedic shoes or prostheses.

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Particularly designed to bind almost all metals, thermoplastics, composite materials and few other dissimilar substrates, structural adhesives are unique type of adhesives that are used in many applications such as industrial assemblies, transportation, wind energy, automotive, construction, marine, and HVAC. Use of structural adhesives has been increasing in applications in the aerospace industry owing to their remarkable advantages over some other procedures of fastening. Nitrile Phenolic and Epoxies are two adhesives that grab major share of structural adhesive markets and they are expected to remain substantial in the near future, however their percentage of share is likely to come down during the projected period. On the other hand modified acrylics and urethanes have greater growth potential and are likely to capture remarkable revenue share in the structural adhesives market.

Structural Adhesive Market- Drivers

Rising demand of structural adhesive in various applications particularly in aerospace and automotive is fuelling the growth of structural adhesive market. Remarkable growth of the market in Asia Pacific due to rising awareness about good quality products and growing population are likely to create positive impact on structural adhesive market. Increasing constructional activities such as bridges, dams, railroad crossing, tunneling, airports are boosting the growth of the structural adhesive market. One type of structural adhesive called as epoxy adhesives are expected to witness tremendous growth throughout the projected period. An increasing usage of epoxy adhesives across the globe particularly in niche applications is expected to spur the growth of the structural adhesives market.

Structural Adhesive Market- Restraints

Ease and proficiency in conventional joining methods such as nuts, welding, mechanical fasteners, and bolts have been translating into certain OEMs ignoring the performance attributes of structural adhesives, which is expected to hinder the growth of the global market for structural adhesives. Due to environmental concerns, regulatory authorities such as Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and Environment Protection Agency (EPA) are continuously taking measures to restrict the usage of structural adhesives in order to reduce the adverse effects on the environment; this is major aspect which is impeding the growth of structural adhesive market.

Structural Adhesive Market- Regional Overview

Latin and North America, Europe, Asia-Pacific, MEA are some of the regions which are examined to deeply understand the market for structural adhesive. After detail study of the market it has been observed that Japan and Asia-Pacific together are likely to dominate the structural adhesive market. The demand for structural adhesive has been increasing since last few years from these two regions followed by Western Europe and North America. The major reasons behind the exponential growth of structural adhesive market in Asia-Pacific region are increasing demand from applications such as building and construction, automotive, aerospace and bus & truck. Some other factors which are making the region a strategic destination in terms of structural adhesive market are increasing developments and innovations in end use industries, ever increasing population as well as competition between manufacturers.

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Structural Adhesive Market- Key Vendors

Arkema, Hubei Huitian Adhesive Enterprise Co. Henkel AG, Scott Bader, 3M, SIKA AG, Ashland, Dow Chemical Company, Lord Corporation, and ITW are some of the key vendors
involved in the structural adhesive market

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

• Market Dynamics
• Market Size
• Market Segments
• Demand & Supply Trends
• Current Issues and Challenges
• Companies and Competitor Landscape
• Value Chain
• Technology

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• Transformations in the market dynamics
• Detailed segmentation of the target market
• Historical, current and forecast market size based on value and volume
• Latest industry developments and trends
• Competition landscape
• Strategies adopted by the market players and product developments made
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on performance of the market
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