Structural Adhesives Market Growth Analysis 2024 By Top Key Players - Henkel AG, 3M Company, Arkema, L&L Products, Lord Corporation, Illinois Tool Works, Dow Chemical Company

MarketStudyReport.com present the report on global Structural Adhesives Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2016-2024.

Europe contributes significantly for the industry due to the presence of many automobile and aerospace industries in the area and generated above USD 1 billion in 2015. Headquarters and research & development facilities of several companies including Airbus, Audi, BMW, Daimler, Volvo, Volkswagen, and several others makes it a lucrative region for structural adhesives market.

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Key structural adhesives market participants are 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.

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%.

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.

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.

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.

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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.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Structural Adhesives Industry Insights
Chapter 4. Structural Adhesives Market, By Product
Chapter 5. Structural Adhesives Market, By End-user
Chapter 6. Structural Adhesives And Equipment Market, By Region
Chapter 7. Company Profiles

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Related Report:

United States Structural Adhesives Market Report 2017

In this report, the United States Structural Adhesives market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-structural-adhesives-market-report-2017/?utm_source=RR-PSR

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