Global Structural Adhesives Market
The report titled ‘Global Structural Adhesives Market’ is a comprehensive report that offers detailed research and analysis of key aspects of the global Structural Adhesives market. The data is gathered through extensive primary and secondary research and further validated by industry experts and professionals. The report provides full coverage of the key driving factors, restraints, challenges, trends, and growth prospects to offer a complete overview of the global Structural Adhesives market. New entrants and top players can benefit from the data offered by the report to plan effective business and investment strategies. Additionally, the report provides a comprehensive analysis of current and emerging trends.
The report is updated with the latest impact of the novel coronavirus pandemic on the market. The pandemic has drastically altered the market dynamics and trends and demands. It has also disrupted the supply chain and generated financial difficulties. The report covers the comprehensive effect of the pandemic on the industry and offers an initial and future impact assessment of the impact of the COVID-19 pandemic on the Structural Adhesives business sphere.
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The Structural Adhesives Market is a rapidly growing sector in the adhesives and sealants industry, driven by the increasing demand for high-performance bonding solutions in various end-use industries. Structural adhesives are used to bond two or more substrates together, providing high strength and durability. These adhesives are widely used in industries such as automotive, aerospace, construction, and electronics, among others.
The global structural adhesives market size was USD 17.38 Billion in 2022 and is expected to register a revenue CAGR of 5.2% during the forecast period, according to the latest analysis by Emergen Research. One of the key drivers of the Structural Adhesives Market is the growing demand for lightweight and fuel-efficient vehicles. The automotive industry is increasingly adopting structural adhesives to reduce the weight of vehicles and improve fuel efficiency. Structural adhesives offer a high-strength bonding solution that can replace traditional mechanical fasteners, reducing the weight of the vehicle and improving its performance.
Another driver of market growth is the increasing use of composites in various industries. Composites are materials made by combining two or more materials to create a new material with superior properties. Structural adhesives are used to bond composite materials, providing high strength and durability. The growing demand for composites in industries such as aerospace, wind energy, and construction is driving the demand for structural adhesives.
However, the Structural Adhesives Market also faces certain restraints that may hinder its growth. One of the major challenges is the high cost of structural adhesives compared to traditional mechanical fasteners. Structural adhesives often require specialized equipment and expertise for application, which can add to the overall cost. The cost factor can limit the adoption of structural adhesives, particularly in price-sensitive industries.
Additionally, the market is also influenced by the stringent regulatory requirements governing the use of adhesives in various industries. Structural adhesives are subject to various regulations and standards to ensure their safety and performance. Compliance with these regulations can be time-consuming and costly for manufacturers, which may limit market growth.
Despite these challenges, the Structural Adhesives Market is expected to witness significant growth in the coming years, driven by various growth factors. Technological advancements in adhesive formulations and application methods are enhancing the performance and efficiency of structural adhesives. These advancements are expected to improve the adoption of structural adhesives in various end-use industries.
According to a report by the International Energy Agency (IEA), the global wind energy capacity is expected to reach 1,200 GW by 2025. This statistic highlights the potential market size for structural adhesives in the wind energy industry, as these adhesives are used to bond composite materials in wind turbine blades. Furthermore, the National Institute of Standards and Technology (NIST) estimates that the use of structural adhesives in the aerospace industry can reduce the weight of aircraft by up to 15%.
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Top competitors of the Structural Adhesives Market profiled in the report include:
Henkel Adhesives Technologies, Sika AG, The 3M Company, DuPont, ITW Chemin, H.B. Fuller Company, Scott Bader Company Ltd., Dymax, L&L Products, and Parson Adhesives, Inc
Emergen Research has segmented the global Structural Adhesives on the basis of product, fitting, application, and region:
Technology Outlook (Revenue, USD Billion; 2019-2032)
- Solvent-Based & Reactive
- Water-Based
- Others
Application Outlook (Revenue, USD Billion; 2019-2032)
- Building & Construction
- Automotive
- Aerospace
- Others
Resin Outlook (Revenue, USD Billion; 2019-2032)
- Epoxy
- Polyurethane (PU)
- Acrylic
- Others
Regional Analysis of the Structural Adhesives Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report further analyses the key factors that influence the growth of the top players of the market and their market share and global position. The report also covers market share, production value, gross margin analysis, import and export ratio, consumption and production patterns, SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis. Furthermore, detailed regional segmentation is offered to understand the operations of the key market players, market segments, and overall market scenario.
Key Offerings of the Report:
- Detailed overview of market dynamics including drivers, restraints, opportunities, challenges, and growth prospects
- Analysis of the key strategic initiatives and competitive landscape including mergers & acquisitions, joint ventures, collaborations, product launches, and brand promotions, and partnerships, among others
- Comprehensive analysis of the industry outlook and analysis of the industrial chain
- Market forecast based on global, regional, and country-level market analysis
- Competitive landscape benchmarking
- In-depth analysis of the key market players with their product portfolios, financial positions, unique selling points, market share and size, and a comprehensive overview of their business
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Structural Adhesives Snapshots
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