Structural Adhesives Market is Likely to Grow Around Worth of US$ 16,962.1 Mn by

Posted by pranav suryawanshi on October 16th, 2019

A structural adhesive is a type of adhesive that is employed to produce a load-bearing joint. It is capable of holding two or more substrates together for the entire lifespan of a product. Structural adhesives are also known as load-bearing adhesives. These types of adhesives are mainly used in applications where joints typically have lap shear strengths of greater than 1 Mega Pascal 1MPa, and, more normally, greater than 10 Mega Pascal. Structural adhesives are widely used in permanent-bonding and high-strength applications such as buses & trucks, ambulances, and recreational vehicles. They possess very high peel and shear strength, and they are suitable for high-strength bonding of various materials.

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In terms of type, the global structural adhesives market has been segmented into epoxy, acrylic, cyanoacrylate, urethane, and others. The others segment comprises silicon, anaerobic adhesives, and vinyl acetates. Epoxy was a rapidly expanding segment of the structural adhesives market in 2017, due to intrinsic properties of epoxy adhesives such as resistance to chemicals, low shrinkage value, and low VOC emissions during curing. Usage of epoxy adhesives has increased in various niche applications worldwide, in which excellent bonding strength is required.

Based on end-use industry, the global structural adhesives market has been classified into automotive, building & construction, marine, aerospace, wind energy, and others. The others segment includes sporting goods, electronics, and furniture. Wind energy is likely to be a a rapidly expanding segment of the global structural adhesives market during forecast period, as consumption of wind energy has been significantly increasing across the globe over the last few years. Wind energy is a clean and non-polluting source of energy. Structural adhesives are used to bond blades together, as they offer reduced weight, reduced assembly time, and protection from corrosion.

The information Presented in this Review is Based on Press-Release by TMR

Based on region, the global structural adhesives market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of volume and value, Asia Pacific dominated the global structural adhesives market in 2017. The region is likely to remain highly lucrative during the forecast period, due to rapid industrialization and rise in demand for structural adhesives from the construction and automotive industries in the region. China is a rapidly expanding country of the market in Asia Pacific, owing to expansion in industries such as construction, automobile, and electronics in the country.