NEW YORK, Sept. 26, 2017 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05117901
The structural adhesives market is projected to grow from an estimated USD 11.17 billion in 2017 to USD 15.72 billion by 2022, at a CAGR of 7.1% between 2017 and 2022. Growing demand from applications, such as building & construction, bus & truck, automotive, wind energy, marine, aerospace, rail, and others is expected to fuel the growth of the structural adhesives market.
The driver for the structural adhesives market is the growing trend and demand for lightweight and low carbon emitting vehicles. Structural adhesives help automotive manufacturers enhance vehicle durability, lower the weight of the vehicle, and also lower carbon dioxide emissions, enabling cost savings. The growth of the structural adhesives market is affected by environmental regulations in the North American and European countries.
Among resins, the market for cyanoacrylate resin is projected to grow at the highest CAGR between 2017 and 2022
Among resins, the cyanoacrylate segment in the structural adhesives market is projected to grow at the highest CAGR during the forecast period. Structural adhesives based on the cyanoacrylate resin offer distinct advantages as these are one-part solvent-free adhesives that cure immediately at room temperature and offer high bonding strength. These therefore provide optimized and efficient bonding solutions for various substrates.
Among substrates, the market for composites substrate is projected to grow at the highest CAGR between 2017 and 2022
The composites substrate segment of the structural adhesives market is projected to grow at the highest CAGR during the forecast period, 2017 to 2022. The use of composites in different applications reduce weight and increase efficiency, as composite materials (fiber reinforced plastic and glass fiber reinforced plastic) are lighter than metals, concrete, and brick. These structural adhesives provide strong bonds, and high chemical and heat resistance.
The Asia Pacific structural adhesives market is projected to grow at the highest CAGR during the forecast period
Among regions, the Asia Pacific is expected to be the fastest-growing structural adhesives market. Growth is mainly attributed to booming economies such as China, India, and Taiwan, among other few smaller countries, such as Indonesia, and Vietnam. China is the leader in the market for structural adhesives in terms of demand in the Asia Pacific. India is a rapidly emerging nation in the market due to the growth in various applications in the use of structural adhesives.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
Breakup of primary interviews:
• By Company Type - Tier 1–38%, Tier 2–32%, and Tier 3–30%
• By Designation – C-level–33%, D-level–32%, and Others–35%
• By Region - North America–28%, Europe–32%, Asia Pacific–30%, Middle East & Africa- 6%, and South America- 4%
Henkel AG & Co. KGaA (Germany), 3M Company (US), Sika AG (Switzerland), Huntsman International LLC (US), Illinois Tool Works Inc. (US), H.B. Fuller (US), Ashland (US), The Dow Chemical Company(US), Bostik (France), and LORD Corporation (US) are the key players operating in the structural adhesives market.
This report provides a detailed segmentation of the structural adhesives market on the basis of resin, substrate, application, and region. With respect to resin, the structural adhesives market has been segmented into epoxy, polyurethane, acrylic, methyl methacrylate, cyanoacrylate, and others. On the basis of substrate, the market has been segmented into metals, plastics, wood, composites, and others. On the basis of application, the market has been segmented into building & construction, bus & truck, automotive, wind energy, marine, rail, aerospace, and others. On the basis of region, the market has been segmented into the Asia Pacific, Europe, North America, South America, and the Middle East & Africa.
Reasons to Buy the Report
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market ranking of top players in the structural adhesives market, micro quadrants analysis, and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the structural adhesives market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on structural adhesives offered by the top players in the structural adhesives market
• Product Development/Innovations: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the structural adhesives market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for structural adhesives across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the structural adhesives market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the structural adhesives market
Read the full report: https://www.reportlinker.com/p05117901
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: [email protected]
Intl: +1 339-368-6001