The latest industry analysis report offers in-depth information regarding the key segments and sub-segments of the global Structural Adhesives industry and emphasizes the current pandemic situation that has significantly disrupted the industry’s growth trend. Key dynamics impacting market growth include drivers, restraints, opportunities, supply & demand ratios, emerging market trends, technological innovations, and value chain analysis. The report further highlights some major challenges, imminent risks and threats, and stringent government policies and regulations that are expected to impede market growth during the forecast period.
The global structural adhesives market size is expected to reach USD 22.47 Billion in 2028 and register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data. Rapid global structural adhesives market revenue growth can be attributed to rising demand for structural adhesives from various end-use industries including, automotive, building & construction, aerospace, and transportation. Rising need to meet stringent regulations and improve fuel efficiency in the automotive industry is driving steady demand for lightweight materials and increasing usage of mixed materials in automotive design and applications. Rising utilization of mixed materials is also resulting in increasing demand for structural adhesives. The use of adhesive-bonded mixed materials is expected to make a double contribution to light weighting in the automotive industry. The utilization of structural adhesives helps in overcoming the potential downsides of combining mixed materials, which includes prevention of galvanic corrosion between dissimilar metals. Structural adhesives also offer aesthetic advantages with cleaner lines and no rivets, protruding nails, or weld marks, which helps in creating better look and more efficient product builds.
Manufacturer like Henkel, 3M and H.B. Fuller Company are increasingly investing in research and development activities for production of structural adhesives that promote cost saving and efficiency without compromising on strength, aesthetics, or impact resistance. The launch of two LOCTITE Universal Structural Bonders by Henkel is expected to create repair solutions and limitless design in industrial applications. The new products combine instant bonding qualities and structural bonding reliability, durability, and strength, which is helping in transformation across the manufacturing industry.
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Major players in the market include:
Henkel AG & Co. KGaA, Sika AG, 3M, DuPont de Nemours, Inc., Huntsman International LLC., Illinois Tool Works Inc., Arkema, B. Fuller Company, Ashland Global Specialty Chemicals Inc., and Cabot Corporation.
Some Key Highlights From the Report
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For the purpose of this report, Reports and Data has segmented the global structural adhesives market based on resin type, technology, application, and region:
Resin Type Outlook (Revenue, USD Billion; 2018-2028)
Technology Channel Outlook (Revenue, USD Billion; 2018-2028)
Application Channel Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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