DUBLIN, May 26, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Americas Structural Adhesives Market by Type and by Application - Forecasts to 2021" report to their offering.
The Americas structural adhesives market size, in terms of value, is estimated to reach USD 4.40 Billion by 2021, signifying a firm CAGR of over 7.47% between 2016 and 2021. The drivers identified for the Americas structural adhesives market are high demand from construction & building, wind, transportation, and marine applications. Rising demand for weight reduction, engineering plastics, and composites are replacing traditional materials such as metals and other heavy weight materials, thereby increasing the demand for structural adhesives in the Americas.
Marine is the fastest-growing application in Americas structural adhesives due to the rising demand for recreational boating. The demand for structural adhesives from the marine industry is expected to be driven by small as well as large boats with the increasing penetration of composites for fabricating boats. Increasing use of composites in new yachts and catamarans for making hulls, deck, frames, bulkheads, masts, keels, and other components is also increasing the demand for structural adhesives for bonding these components.
Growing use of epoxy adhesives in end-use industries and shift in demand toward lighter and stronger vehicles in the automotive and transport industries, is increasing the demand for structural adhesives in America. To make the vehicles lighter, manufacturers have to switch from the traditional mechanical fasteners to lightweight and more efficient adhesives, for instance, epoxy adhesives. The current trend in the industry highlights the use of composites thermoplastics in place of metals. These materials bond better with adhesives than conventional fasteners. Manufacturers can bank on the opportunities of weight reduction potential offered by epoxy adhesives in the automotive and transportation industries and create higher demand for epoxy adhesives.
- 3M Company
- Henkel AG & Company
- Lord Corporation
- Scott Bader
- SIKA A.G
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Americas Structural Adhesives Market, By Type
8 Latin America Structural Adhesives Market, By Application
9 Structural Adhesives Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/hvr7v5/americas
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SOURCE Research and Markets