Market Forecast to 2022
Market Research Future
(MRFR) Announces the Publication of its Research Report – Global Structural Adhesives Market 2016-2022
Market Research Future (MRFR) recognizes the following companies as key players in the global structural adhesives market: 3M Company, The Dow Chemical Company, Ashland Inc., SIKA AG, Henkel AG & Co., Lord Corporation, Scott Bader Company, Arkema S.A., Hubei Huitian Adhesive Enterprise Co., Ried B.V. Co. and others.
Commenting on the report,
an analyst from Market Research Future (MRFR)’s team said, “The market of
structural adhesives is increasing considerably owing to increase in usage of
plastics in the transportation industry such as in automobile and aircraft.
Automobile industry is growing due to increase in demand of passenger cars in
countries like China, India and Mexico. Growing use of plastic to provide
adhesion between dissimilar substrate such as steel &plastics and steel
& magnesium is increasing the demand for structural adhesives to be used in
window panel, doors, brakes and friction plates. China, India and Japan are
witnessing the maximum growth for structural adhesive owing to increase in
demand for passenger car. Consequently, these above factors are increasing
composites production and these provide better structural integrity and strong
bonding within automotive components. Thus, high growth of structural adhesive
will be seen in the coming years. Innovation in furniture styles and
construction in emerging markets is also propelling the demand for structural
adhesive and will continue doing same in the future.
Based on technology, Structural Adhesive Industry is segmented into water based and solvent based. Water based structural adhesive are used in rigid joining such as wall coverings, automotive assembly and furniture. Water based technology is highly preferred due to its fast-drying speed, water resistant, and semi- nature. Owing to environmental protocols regarding volatile organic compound (VOC) content in solvent based it will positively impact water based structural adhesives.
Based on product types
market is segmented into epoxy, acrylic, urethane, cyanoacrylic and others.
Urethane accounts for the largest market share in terms of volume and value
owing to low cost and wide use of adhesion in rigid and semi rigid applications
like construction and automobile. These factors will increase the demand of
structural adhesive in coming years. Cyanoacrylic is gaining importance in
medical devices, industrial machinery and household appliances. The growth of
cyanoacrylic is positive growth due to factors such as low toxicity and faster
setting properties and it is expected that due to all these cyanoacrylic will
grow tremendously till 2022.
Asia Pacific dominates the
market growth owing to rapid industrialization and easy availability of raw
material and low cost of labor. China, India and Mexico are witnessing a
positive growth owing to increase in government spending in construction and
infrastructure. North America is expected to witness a significant growth owing
to post recession period and changing government regulation in building &
construction. Europe is expected to go through a slow growth due to change in
the economic and political scenario such as Brexit.
The study was conducted
using an objective combination of primary and secondary information including
inputs from key participants in the industry. The report contains a
comprehensive market and vendor landscape in addition to a SWOT analysis of the
key vendors.
Global structural adhesives
market is segmented into raw material, product types and applications.
By product types: Epoxy, Acrylic, Urethanes, Cyanoacrylate and
others.
By technology: Water based and Solvents based.
By Applications: Automotive, Transportation, Building & Construction, furniture and
others.
Get Complete Research Report by Market Research Future@ https://www.marketresearchfuture.com/reports/structural-adhesives-market-2177
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