How Are Emission Norms Influencing Structural Adhesives Market?

The transportation sector is switching from traditional fasteners to structural adhesives, due to the surging preference for high structural strength vehicles like automobiles, ships, and airplanes. This shift can be owed to the lower cost, better fuel economy, eco-friendliness, and lesser weight of structural adhesives, as compared to fasteners. In addition, these adhesives also have the ability to lower differential expansion rates, a natural, watertight, and inert protective barrier between potentially corrosive metals. Thus, these benefits will fuel the adoption of structural adhesives in the coming years.

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In addition, the rising application of structural adhesives in the infrastructure sector will drive the structural adhesives market at 5.2% CAGR during 2019–2024. The market was valued at $11,677.9 million in 2018 and it is expected to reach $15,683.0 million by 2024. These products are used to bind several surfaces and for repairing roads, railways, and bridges, owing to their high strength and resistance toward chemicals, temperature, and weather. Also, rapid urbanization has led to the construction of several residential and commercial units, which require large quantities of structural adhesives for binding purposes.

Geographically, the Asia-Pacific (APAC) structural adhesives market is expected to hold the largest share in the coming years, displaying the fastest growth. This can be ascribed to the rapid growth of the construction sector due to the surging infrastructural investments. Moreover, escalating usage of these adhesives for bonding of ceramics, plastics, and metals in the automotive, packaging, and manufacturing sectors will support the regional market growth. In APAC, China will emerge as the largest contributor to the market, due to the burgeoning demand for these materials to bond dissimilar substances in the infrastructure sector.

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Market Size Breakdown by Segment

By Type

Epoxy
Polyurethane
Acrylic
Cyanoacrylate

By Technology

Solvent-Based
Water-Based
Solid Reactive

By Application

Building & Construction
Aerospace
Automotive
Footwear
Do-It-Yourself (DIY)
Woodworking
Wind Energy

Geographical Analysis

North America
U.S
Canada

Europe
Germany
U.K.
France
Italy
Belgium

Asia-Pacific (APAC)
China
Japan
India
South Korea

Rest of the World (RoW)
Brazil
Mexico

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This release was published on openPR.