The global structural adhesives market size is expected to reach USD 22.47 Billion in 2028 and register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data. Rapid global structural adhesives market revenue growth can be attributed to rising demand for structural adhesives from various end-use industries including, automotive, building construction, aerospace, and transportation. Rising need to meet stringent regulations and improve fuel efficiency in the automotive industry is driving steady demand for lightweight materials and increasing usage of mixed materials in automotive design and applications. Rising utilization of mixed materials is also resulting in increasing demand for structural adhesives. The use of adhesive-bonded mixed materials is expected to make a double contribution to light weighting in the automotive industry. The utilization of structural adhesives helps in overcoming the potential downsides of combining mixed materials, which includes prevention of galvanic corrosion between dissimilar metals. Structural adhesives also offer aesthetic advantages with cleaner lines and no rivets, protruding nails, or weld marks, which helps in creating better look and more efficient product builds.
Some of the leading players in the global Structural Adhesives market:
Henkel AG Co. KGaA, Sika AG, 3M, DuPont de Nemours, Inc., Huntsman International LLC., Illinois Tool Works Inc., Arkema, H.B. Fuller Company, Ashland Global Specialty Chemicals Inc., and Cabot Corporation.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/4163
Some Key Highlights From the Report
- In September 2020, Arkema announced the inauguration of a new world-scale industrial adhesives plant in Japan. The new capacities is expected to help Bostik serve its Japanese customers in growing markets of transportation, labelling, electronics, and packaging. The investment in projected to help Bostik in its growth and geographical expansion strategy.
- Epoxy segment is expected to account for largest revenue share in the global structural adhesives market over the forecast period owing to its increasing usage in automotive, industrial, and aerospace applications. The high chemical and thermal resistance coupled with minimum shrinkage and cohesive strength is resulting in its increasing usage.
- Water-based segment is expected to register robust revenue growth over the forecast period. Growing awareness regarding environmental degradation is also contributing to rising demand for water-based structural adhesives as these are eco-friendly, non-hazardous, and contain no VOCs.
- Building construction segment is expected to account for a considerably large revenue share in the global structural adhesives market owing to rising investment by governments in commercial buildings and public infrastructure.
- The structural adhesives market in Asia Pacific is expected to account for largest revenue share over the forecast period. Rapid urbanization and industrialization and increasing constructional activities in developing countries such as China, India, Vietnam, and Indonesia is expected to support revenue growth of the Asia Pacific structural adhesives market during the forecast period.
To know more about the report @ https://www.reportsanddata.com/report-detail/structural-adhesives-market
Structural Adhesives Market Segmentation:
Resin Type Outlook:
- Polyurethane
- Epoxy
- Cyanoacrylate
- Methyl Methacrylate
- Acrylic
- Others
Application Channel Outlook:
- Automotive
- Building Construction
- Wind Energy
- Aerospace
- Others
Technology Channel Outlook:
- Water-based
- Solvent-based
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/4163
Thank you for reading global Structural Adhesives market report. We also offer customized research reports as per client requirement. Kindly contact us for to know more about the feature and our team will provide you a well-curated report in the stipulated time.
Browse More Reports
Polyphenylene Sulfide (PPS) Market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Blog: https://www.reportsanddata.com/blogs
