Press release
Structural Adhesives Market to hit $7 Bn by 2024 owing to strong growth in automotive industry
Structural adhesives market is slated to witness a lucrative surge over the years ahead, subject to its extensive end-use applications in automobiles, marine, water & sewer, construction, furniture, and aviation & aerospace sectors. Exceptional bonding & light weight features coupled with the strong adhesion for dissimilar as well as similar substrates will impel the global market demand. According to Global Market Insights, Inc., “Structural adhesives industry value is anticipated to surpass USD 7 billion by 2024, growing at a CAGR of more than 4% over 2016-2024.”
Request for A Sample Copy of This Report @ http://bit.ly/2zGvRQJ
Considering the regional trends, Europe structural adhesives industry, which produced a revenue of over USD 1 billion in 2015, is expected to experience a notable surge over the coming timeframe. Large presence of reputed aviation & aerospace and automobile firms across the region will push the growth. APAC structural adhesives market revenue, worth USD 2 billion in 2015, is slated to display a remarkable growth over the years ahead. Thriving shipbuilding business along with high expenditure on construction activities will spur the revenue. China, Japan, India, and South Korea are likely to be the key regional revenue drivers.
Structural adhesives are also used in leather, composites, wood, concrete & tiles, metals, and plastics. Structural adhesives market share in the plastics sector, worth USD 1 billion in 2015, will grow at a rate of 4.5% over 2016-2024. The product’s exceptional plastic bonding capability will push the revenue. Composites application, which accounted for 30% of the overall share in 2015, is set to significantly drive structural adhesives industry revenue in the near future.
Structural adhesives industry in the automobile sector, having attained a revenue of USD 1 billion in 2015, is expected to witness a lucrative expansion in the future. The product’s ability to reduce the automobile weight and enhance the vehicle performance will boost the development. Aviation & aerospace applications are forecast to grow at a CAGR of 4% over 2016-2024, driven by the product’s ability to impart durability, compressive strength, high quality finish, and aesthetic value to the aircraft.
Browse Complete Summary Of This Report Titled "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"
https://www.gminsights.com/industry-analysis/structural-adhesives-market
Cyanoacrylate, Polyurethane, Silicone, Epoxy, Methyl Methacrylate, and Acrylic are the key structural adhesives products. Acrylic structural adhesives industry, which produced a revenue of more than USD 1.5 billion in 2015, is expected to witness a high surge over the years ahead due to its ability to bond metals and plastic.
Structural adhesives industry is classified into single as well as double components. Single bond structural adhesives market, worth USD 2 billion in 2015, is foreseen to grow at the rate of 4.5% over 2016-2024. The growth can be credited to its wide use across leather, water & sewer, and furniture sectors. Double components structural adhesives market expansion over the years ahead can be attributed to its extensive use in crucial applications such as high load bearing joints.
The 3M Company, The DOW Chemical Company, Henkel AG & Company, and Arkema Inc. are the major players of structural adhesives market.
Read Our Blog:
www.thecampingcanuck.com/
http://marketsizeforecast.blogspot.in/
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Structural Adhesives Market to hit $7 Bn by 2024 owing to strong growth in automotive industry here
News-ID: 807295 • Views: …
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
More Releases for Structural
Global Structural Health Monitoring Market
Global Structural Health Monitoring Market – Vertical Analysis and Forecast (2018-2026) – By Technology, Component, Vertical and Region.
Global Structural Health Monitoring Market size was valued at US$ 1.24 Bn in 2017 and is expected to reach US$ 4.73 Bn by 2026 to exhibit a CAGR of 18.24 % during the forecast period.
Global Structural Health Monitoring market growth is driven by high capital investments for structural health monitoring across several countries,…
Silicone Structural Glazing Market Report 2018: Segmentation by Type (Four-Sided …
Global Silicone Structural Glazing market research report provides company profile for Nippon Sheet Glass Co. Ltd. (Japan), The Dow Chemical Company (US), Asahi Glass Co., Ltd (Japan), Arkema SA (France), Saint-Gobain SA (France), 3M Company (US), Schott AG (Germany), Kibing Glass (China) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025…
Structural Health Monitoring Market: Growing Demand For Installation And Mainten …
In order to steal a march over their competitors, success-hungry players in the global structural health monitoring market are seen expending money on product development. They are also resorting to mergers and acquisitions to grow their shares. This is making the market consolidated.
Some of the prominent participants in the global structural health monitoring market are COWI A/S, Digitexx Data Systems, Inc., Wiss, Janney, Elstner Associates, Inc., ACELLENT TECHNOLOGIES, INC., National…
Structural Steel Pipe
Structural steel is a category of steel used as a construction material for making structural steel shapes. A structural steel shape is a profile, formed with a specific cross section and following certain standards for chemical composition and mechanical properties. Structural steel shapes, sizes, composition, strengths, storage practices, etc., are regulated by standards in most industrialized countries.
Scope of the Report:
This report focuses on the Structural Steel Pipe in Asia-Pacific market,…
Structural Focus Receives Honors for Innovative Structural Engineering Design
Los Angeles-area, CA, June 13, 2017 — At last week’s 2017 SEAOSC Excellence in Structural Engineering Awards dinner, Structural Focus received an Award of Excellence in the Seismic Retrofit - Small Project category for the renovation of KTLA Channel 5. To house KTLA Channel 5, Sunset Bronson Studios - Stage 6 went through a major upgrade designed by Bastien and Associates and Structural Focus. The 75-year-old building presented unique challenges…
Recent Advances in Structural Biology
Structural Biology is the field of research which mainly focuses on structure determination of macromolecules. The experimental methods of structure determination include X-ray crystallography, Nuclear Magnetic Resonance and cryo-Electron Microscopy. In the recent past much focus has been laid on computational techniques for structure prediction as they are time saving and cost efficient. These techniques include homology modeling, ab-initio modeling and threading. In the recent years this field has…
