Structural Adhesives Market Bound To Make an Impact In Your Business During 2018Posted by Priya on July 18th, 2018 Structural Adhesives Market Overview to 2022 The global structural adhesives market grew to USD ~18.3 billion in 2016 with the CAGR of ~7.9% from 2016 to 2022. High demand of lightweight metals and composites in applications such as automotive, transportation, building & construction and furniture are expected to fuel the overall demand of structural adhesives in future. Structural adhesive used in automotive are known for providing better adhesion between distinct substrates such as steel and plastics. Thus, these composites are used in doors, window glass attachments, brakes and clutch plates and others. On account of high demand for passenger car in countries like China and India, automotive industry requires adhesives with structural integrity and strong bonding properties that is expected to impact the global structural adhesive market growth. Get your sample copy now @ https://www.marketresearchfuture.com/sample_request/2177 Top 10 Key Players The global manufacturing companies are increasing investment in R&D for technological advancement in structural adhesive. The key players in this segment are 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. Increasing government spending in public infrastructure and commercial buildings is likely to drive the demand of structural adhesive in construction application such as window panels, roofing, and wall coverings. Changing consumer lifestyle with changing trends in furniture designs for building and construction application is going to boost the demand. Fluctuation in raw material price and strict environmental regulation can hamper the market in the coming years. Study Objectives of Structural Adhesives Market:
Market Segmentation Water based structural adhesive is largely used in rigid joiningsuch as furniture panels, automotive assembly, joint cements and household appliances. Stringent regulations of environment agencies regarding presence of volatile organic compound (VOC) in solvent based adhesives has positively complimented the water based structural adhesive. The structural adhesive market is segmented into product types such as epoxy, acrylic, cyanoacrylate, urethanes and others. Urethane adhesive are priced less and are highly preferable with respect to elastic bonding in application such as automotive and construction. They possess properties such as high elasticity, durability and flexibility when used among dissimilar materials. These factors are expected to contribute towards growth of structural adhesives market which has started since in forecasted period from 2016 to 2022. Cyanoacrylic adhesives is expected to witness high growth owing to the properties such as low toxicity and faster setting. High industrial output along with its abovementioned properties will drive the growth of cyanoacrylic adhesives. Epoxy adhesives provides high strength and temperature resistance which are highly preferable to enhance the rigidity and reduce noise of automotive components such as turbine and blade. These factors are expected to drive the demand of structural adhesive market in future. Asia Pacific accounts for the largest market share owing to rapid industrialization and growing demand from construction and furniture industries. China, India, Thailand and Indonesia are the fastest growing regions of global structural adhesive due to government tax incentives, subsidies provided and easy availability of raw material and labor. North America is expected to witnessed a steady growth due to slow growth of industries post-recession and increase in consumer spending particularly in U.S. that will drive the demand of this market. Reasons to buy
Browse complete report now @ https://www.marketresearchfuture.com/reports/structural-adhesives-market-2177 The report of “Global Structural Adhesives Market” by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of different market segments and regions. Like it? Share it!More by this author |