Global Structural Adhesives Market is
expected to reach USD 23.42 billion by 2022, according to a new study by Grand
View Research, Inc. Increasing automotive production particularly in emerging
markets of China, India, Brazil and Mexico is expected drive the global
structural adhesives market. Rigid bonding applications such as window glazing,
wood panels and decorative trims require structural adhesives for fast setting
and load bearing purposes. Industrialization and urbanization are expected to
drive construction industry growth in emerging as well as developing nations,
which further prompts structural adhesives demand.
Water-based structural adhesives accounted
for over 55% of the overall market volume in 2014. Increasing regulatory
intervention from environmental agencies regarding VOC presence in
solvent-based adhesives has positively impacted water-based structural
adhesives demand. Additionally, its superior drying rate and semi-flexibility
post drying are major factors contributing towards their increasing demand in
joint cements, wall coverings, household appliances and automotive assembly
applications. It is also expected to witness the highest growth of 6.9% from
2015 to 2022.
Full Research Report On structural adhesives market Analysis:
http://www.grandviewresearch.com/industry-analysis/structural-adhesives-market
http://www.grandviewresearch.com/industry-analysis/structural-adhesives-market
Global structural adhesives market share by product, 2012 - 2022 (Kilo Tons) |
Further key findings from the study suggest:
·
Global structural adhesives
market demand was 5,158.3 kilo tons in 2014 and is expected to reach 8,243.8
kilo tons by 2022, growing at a CAGR of 6.8% from 2015 to 2022.
·
Urethanes were the leading
product segment and accounted for over 60% of the overall market volume in
2014. Urethane adhesives are primarily used for plastic adhesion in various
rigid bonding applications. Increasing incorporation of plastics and composites
in automotive components is expected to drive its demand over the forecast
period. Cyanoacrylic adhesives are expected to witness the highest growth of
8.5% from 2015 to 2022.
·
Major structural adhesive
applications include transportation and construction which collectively
accounted for over 45% of the total market volume in 2014. Positive outlook on
automotive industry coupled with increasing construction spending particularly
in China, India and Indonesia is expected to drive this segment over the
forecast period. Adhesives with organic solvent composition are gaining
acceptance in medical devices. Additionally, niche application segments such as
industrial machinery and packaging are anticipated to register significant
structural adhesives demand over the forecast horizon.
·
Asia Pacific was the largest
regional market and accounted for 45.0% of total consumption in 2014. Major
structural adhesive consumers in the region include China and India which
together accounted for over 55% of the regional market volume in 2014.
·
Global structural adhesives
market is concentrated in nature with small scale companies catering to
application specific end-use markets. Product pricing, partnership agreements
and R&D in product innovation are expected to maintain competitiveness in the
market. Major industry participants include SIKA, Arkema AG, 3M Company, The
Dow Chemical Company, Ashland Inc., Henkel AG & Co., and Lord Corporation.
View More Reports Of This Category By Grand View Research
At: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
global structural adhesives market on the basis of technology, product,
application and region:
Global Structural Adhesives Technology Outlook (Volume,
Kilo Tons; Revenue, USD Million; 2012 - 2022)
·
Water-based
·
Solvent-based
·
Others
Global Structural Adhesives Product Outlook (Volume, Kilo
Tons; Revenue, USD Million; 2012 - 2022)
·
Urethanes
·
Epoxy
·
Acrylic
·
Cyanoacrylic
·
Others
Global Structural Adhesives Application Outlook (Volume,
Kilo Tons; Revenue, USD Million; 2012 - 2022)
·
Transportation
·
Construction
·
Consumer Appliances
·
Furniture
·
Others
Global Structural Adhesives Regional Outlook (Volume,
Kilo Tons; Revenue, USD Million; 2012 - 2022)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o UK
o Germany
o France
·
Asia Pacific
o China
o Japan
o India
o South Korea
·
Central & South America
o Brazil
·
Middle East & Africa
View Press
Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-structural-adhesives-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
For More Information: www.grandviewresearch.com