Home » Automotive, Business, Europe, UK » Global structural adhesives market size exceed 8.2 million tons by 2023: Global Market Insights Inc.
“Global structural adhesives market size was estimated over 5.1 million tons in 2014 and is likely to exceed 8.2 million tons by 2023 growing at a CAGR of over 6.5% from 2016 to 2023.”
Structural Adhesives Market Size, Industry Potential Outlook Report, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2016 – 2023

Global structural adhesives market size was estimated over 5.1 million tons in 2014 and is likely to exceed 8.2 million tons by 2023 growing at a CAGR of over 6.5% from 2016 to 2023. 

Water-based structural adhesives was the dominant technology accounted for more than 55% of the total volume in 2014 and are likely to witness gains of over 6.8% up to 2023.

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Urethane structural adhesives market dominated the demand and accounted for more than 60% of the total volume in 2014. Cyanoacrylic derived products are likely to witness highest gains of over 8% up to 2023.

Increasing high performance plastic usage in transportation industry such as automobiles and aircraft is likely to drive automotive structural adhesive market growth. Automobile industry requires better bonding properties between different substrates such as steel-magnesium and steel-plastic. Global automobile demand was above 80 million units in 2012 and is likely to register over 100 million unit sales figure by 2018. Positive outlook on aircraft industry growth is likely to compliment demand. Composites used in aircraft manufacturing require adhesives for maintaining structural integrity with better adhesion properties

Increasing investment in construction for building residential & commercial buildings in emerging regions such as Asia Pacific and MEA is likely to favor demand. Structural adhesives are used in construction application such as wall coverings, roofs and window panels. China was the dominant country in Asia Pacific exhibiting highest construction spending of close to USD 1.78 trillion in 2013 while India and Japan witnessed spending of USD 427 billion and 742 billion in the same year. This is expected to provide the MNCs with huge opportunities to expand their regional presence and increase their market penetration.

Asia Pacific has witnessed the highest consumption over the past few years. Rapid industrialization coupled with shift of automobile manufacturing bases in countries such as Thailand. Indonesia, China and India owing to government tax incentives and cheap labor cost is likely to favor regional demand. North America is likely to witness smoderate growth rates over the forecast period. Recovery of end-use industries post recession coupled with increasing consumer spending particularly in the U.S. is likely drive demand.

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The global structural adhesives market share is consolidated with MNCs serving the major end-use industries and SMEs to niche applications. Presence of regional distributing agents enables SMEs to efficiently market their product and increase sales.
 

Key companies operating in structural adhesives market share include Ashland, Henkel, 3M Company, Dow Chemical Company, Ried BV, Scott Bader Company, Arkema, SIKA AG and Lord Corporation.

This latest Structural Adhesives market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Structural Adhesives industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Browse key industry insights spread across market data tables, figures & charts from the report, “Structural Adhesives Market Size, Industry Potential Outlook Report, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2016 – 2023” in detail along with the table of contents 

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Key Insights in this Report

  • Structural Adhesives market size & forecast by product & application
  • Growth drivers, pitfalls & industry challenges
  • Key Structural Adhesives market growth opportunities & emerging business models
  • Competitive benchmarking with market share analysis and company profiles

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       https://www.gminsights.com/industry-analysis/adhesives-and-sealants-market

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