Structural Adhesives Market Global Trends 2017 to 2024, Future Growth & Industry Drivers

Structural Adhesives Market size will cross USD 7 billion by 2024. 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%.

Global Market Insights has announced the addition of a new forecast research report "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), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024".

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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.

Structural Adhesives Industry Growth drivers

1. Increasing adoption in automobile industry
2. Growing aerospace industry
3. Booming construction industry

The Structural Adhesives Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Structural Adhesives Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends

Source Report:
https://www.gminsights.com/industry-analysis/structural-adhesives-market

4. Structural Adhesives Market Product Insights

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.

5. Structural Adhesives Market Application Insights

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.

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.

6. Structural Adhesives Market Regional Insights

Europe contributes significantly for the industry due to the presence of a large number of 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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7. Competitor Profiles

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.

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